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Executive overview
Key findings
768.93 million m³: total water withdrawal in FY2025, 86.1% of it surface water (calculated)
Up to 710 MLD: capacity of the Wawa bulk water system, owned through WawaJVCo; Manila Water bought Prime Infra's interest on September 30, 2025 and in August 2026 disclosed its purchase of the remaining minority interest, making WawaJVCo wholly owned
January 21, 2047: new expiry of the concession under the 8th amendment of October 10, 2025, aligned with the 25-year legislative franchise
PHP 28.23 billion: group capital expenditure in FY2025, PHP 23.64 billion of it in the East Zone
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Buyer relevance
Who the report is for
Water treatment and network construction contractors
Track the commissioning status of Kaysakat, East Bay Phase 2 and Wawa–Calawis Phase 3 (218 MLD), and the PHP 23.64 billion of FY2025 East Zone capital spending.
Lenders and infrastructure investors
Assess the concession to 2047, the 12% fixed nominal discount rate and the contingent call from MWSS's Kaliwa Dam.
Regulatory and policy advisers
Follow the sixth rebasing tranches to 2027, the indicative 2.12% Wawa adjustment for 2028 and the 2037 coverage obligation.
Sanitation and wastewater suppliers
Size the sewer build-out after connections rose from 318,385 to 380,254 in FY2025 and the 60 MLD Aglipay plant began operating.
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Decision scope
Questions answered
Where does Manila Water's water come from?
Surface water made up 86.1% of 768.93 million m³ withdrawn in FY2025, led by the Umiray–Angat–Ipo–La Mesa system, with Laguna Lake and, since 2025, Wawa.
How long does the concession run?
The 8th amendment of October 10, 2025 moves expiry to January 21, 2047, aligned with the 25-year franchise under Republic Act No. 11601.
Is non-revenue water within its commitment?
East Zone non-revenue water was 13.55% at end-2025, below the 15% commitment, but up from 12.2% in FY2022.
How much is Manila Water investing?
Group capital expenditure was PHP 28.23 billion in FY2025 and PHP 6.80 billion in the first half of 2026.
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Inside the report
Inside the complete report
Executive Overview
1. Water Resource Profile
2. Governance and Institutional Framework
3. Infrastructure and Service Delivery
Strategic Outlook and Opportunities
Source Register
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Public preview
What to watch next
1. Water Resource Profile
Commissioning dates for Kaysakat and East Bay Phase 2; MWSS allocations from Angat during the 2027 dry season; any update on Wawa–Calawis Phase 3; publication of source-by-source withdrawal figures that would show Wawa's actual contribution in 2026.
2. Governance and Institutional Framework
The Regulatory Office's 2028 rebasing timetable and Manila Water's submission; the five-year coverage milestones under the franchise; whether any Kaliwa financing commitment is treated as a recoverable expenditure; regulator appointments under the revised agreement.
3. Infrastructure and Service Delivery
FY2026 NRW against the 15% commitment once Kaysakat and East Bay Phase 2 add volume; the trend in drinking water compliance after the 2025 decline; the next five-year coverage milestone under the franchise; the uptake of new sewer connections in the Aglipay catchment.
Strategic Outlook and Opportunities
Third-quarter 2026 results and full-year 2026 capital expenditure; any Kaliwa co-financing agreement and its regulatory treatment; Manila Water's seventh rebasing business plan; further borrowing beyond the BDO facility; the renewable share of energy in FY2026.
Section 1: Manila Water's supply systems, with capacity and status as of November 3, 2026.
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Included
What you receive
The complete PDF report: 12 pages, 6 sections, 11 tables and a register of 24 sources.
This edition
November 2026, First edition.
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Evidence & method
Evidence and method
The report draws on Manila Water's integrated reports, ESG performance data books and audited financial statements for FY2017 to FY2025, the concession and franchise terms disclosed in those statements, and MWSS tariff decisions. Project and financing status is taken from Philippine press reports published up to October 2026.
Sources
24 sources, listed in the report's source register. Evidence current to 3 November 2026. Principal data periods: FY2025 integrated report and audited results (year ended December 31, 2025); first-half 2026 results; tariffs in force in 2026; project status as of November 3, 2026. Currency is Philippine pesos (PHP) unless stated as US dollars (US$)..
Evidence boundaries
This report uses authoritative source material available at the stated research cutoff. It distinguishes published facts, calculated values and analytical interpretation. No independent modelling is performed. Forward-looking analysis reflects published plans, documented trends and stated uncertainties. It does not constitute legal, financial, investment or engineering advice.
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Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
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Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
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Water Systems Overview: Manila Water Company, Inc.
- Format
- Length
- 12 pages
- Edition
- November 2026, First edition
- Price
- USD 499
11
Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Water Utility Intelligence Report
- Edition
- November 2026, First edition
- Format
- Length
- 12 pages
- Reference
- OFW_EXT_WATER_SYSTEMS_OVERVIEW_MANILA_WATER_COMPANY_INC_eb75e793f949
- Evidence current to
- 3 November 2026
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