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Executive overview
Key findings
83.26%: share of supply by production capacity drawn from the Angat Dam (31 December 2025, status)
66.4% → 30.8%: non-revenue water at period end, 2006 to 2025 (actual); 29.3% at end-September 2026; target 25.0% by 2027
35.0%: sewerage coverage of the water-served population (31 December 2025, status), against a legal requirement of 100% water and sewerage coverage by 2037
PHP 26,878 million: capital expenditure disbursed in 2025 (actual), against PHP 38.9 billion budgeted for the year in the sixth rate rebasing period
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Buyer relevance
Who the report is for
Water and wastewater contractors and technology suppliers
Size the wastewater gap between 35.0% sewerage coverage and the 2037 requirement, and see which plants, such as the 205 MLD CAMANA facility, are under way.
Investors and lenders in Philippine utilities
Set Maynilad's concession terms to 2047 and its tariff caps against capital disbursement of PHP 26,878 million in 2025 and a PHP 34.6 billion budget for 2026.
Public agencies and development partners
Follow how MWSS, its Regulatory Office and the National Water Resources Board divide control of supply, tariffs and penalties.
Climate and water security analysts
Track the Angat exposure, including the October 2026 allocation cut to 44 cubic meters per second and Kaliwa's slip to 2030.
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Decision scope
Questions answered
How dependent is Maynilad on the Angat Dam?
Approximately 83.26% of supply capacity came from Angat at the end of 2025, with 15.56% from Laguna de Bay.
How far has Maynilad cut water losses?
Period-end non-revenue water fell from 66.4% in 2006 to 30.8% at end-2025 and 29.3% at end-September 2026, against a target of 25.0% by 2027.
Is capital spending keeping pace with the budget?
Disbursement totaled PHP 78,655 million over 2023–2025 against PHP 96.3 billion budgeted, about 82%.
What does the franchise law require on wastewater?
Republic Act No. 11600 requires 100% water and sewerage coverage by 2037; sewerage coverage was 35.0% of the water-served population at end-2025.
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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
Strategic Outlook and Opportunities
Full-year 2026 capital expenditure against the PHP 34.6 billion budget and the PHP 30 billion guidance; confirmed completion of Parada, Molino, Pasay NEW WATER, the La Mesa reservoir conversion and the Tondo conveyance; CAMANA completion in July 2027; where the relocated Teresa plant is sited; Kaliwa funding and schedule; the terms of the next rate rebasing; progress on the 35% renewable energy mix.
2. Governance and Institutional Framework
The MWSS decision on 2027 rates and the first-quarter 2027 currency adjustment; any further Regulatory Office penalties; how the 30% listing requirement is reported against the January 2027 deadline; the leadership transition on 1 January 2027; the first five-year coverage target under Republic Act No. 11600; renewal of the two collective bargaining agreements, which expire on 30 November 2026 (supervisory) and 31 December 2026 (rank and file).
1. Water Resource Profile
Angat elevations against the 180-meter minimum operating level going into the 2027 dry season; any change to the MWSS allocation from Angat; funding and schedule for Kaliwa, including any share Maynilad pays; the relocated site for the Teresa plant; growth of Laguna de Bay and reuse capacity beyond 15.56% and 1.90% of supply.
3. Infrastructure and Service Delivery
Year-end 2026 non-revenue water against the 25.0% target for 2027; reported sewerage coverage at end-2026; completion of the Valenzuela, Cupang and Tunasan wastewater facilities and the new plants in Las Piñas and Bacoor; interruption performance in the southern concession area.
Capital expenditure against budget, 2023–2026, and the status of major water and wastewater projects at 5 November 2026.
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Included
What you receive
The complete PDF report: 13 pages, 6 sections, 14 tables and a register of 29 sources.
This edition
November 2026, First edition.
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Evidence & method
Evidence and method
The report draws on Maynilad's SEC annual and quarterly filings, audited financial statements, integrated and sustainability reports, its 1H 2026 investor briefing, MWSS tariff and penalty disclosures, and dated press reports on Angat, Kaliwa and project status checked to 5 November 2026.
Sources
29 sources, listed in the report's source register. Evidence current to 5 November 2026. Principal data periods: FY2025 (year ended 31 December 2025) annual filing, audited accounts and integrated report; 1H2026 (six months to 30 June 2026) investor briefing; regulatory and allocation decisions to September 2026; status checked to 5 November 2026. All currency is Philippine pesos (PHP)..
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: Maynilad Water Services
- Format
- Length
- 13 pages
- Edition
- November 2026, First edition
- Price
- USD 499
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Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Water Utility Intelligence Report
- Edition
- November 2026, First edition
- Format
- Length
- 13 pages
- Reference
- OFW_EXT_WATER_SYSTEMS_OVERVIEW_MAYNILAD_WATER_SERVICES_e4646ccaf6bd
- Evidence current to
- 5 November 2026
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