Free Utility Snapshot

Seqwater

South East Queensland, Queensland, Australia

South East Queensland’s bulk water authority, running the SEQ Water Grid while delivering its largest-ever capital programme for dam safety and water security.

At a glance

Scale, service and financial position

343,554 MLDrinking water supplied through retailer customers (approximate)2025-26 · actual
More than 3.7 millionSEQ residents supplied through five retail customers2024-25 · actual
26Dams managedAs reported for 2025-26
83.5%Combined storage level (85.9% at 30 June 2025)31 July 2026 · status
$534.8 millionCapital expenditure (budget $747.3 million)2025-26 · actual
$8.6 billionNet debt (property, plant and equipment $11.0 billion)30 June 2026 · actual

01

About the Utility

Seqwater is South East Queensland’s bulk water supply authority, formally the Queensland Bulk Water Supply Authority. In 2024-25 it reached more than 3.7 million residents through five retailers: Unitywater, Urban Utilities and the water businesses of Logan, Redland and Gold Coast city councils. It also supplies commercial and raw water customers, including around 1,200 irrigators across seven water supply schemes. Responsible Ministers approve its major investments, it borrows through Queensland Treasury Corporation, and the Queensland Government sets its prices on the Queensland Competition Authority’s recommendation. Since March 2025 Seqwater has acted as strategic decision maker, with a service delivery partner maintaining key assets.

02

Water System

Supply rests on a network of dams joined by the SEQ Water Grid, created in response to the Millennium Drought water supply crisis. Rainfall-dependent storage is backed by climate-independent sources: the Gold Coast Desalination Plant can provide up to 133 ML a day at short notice, and the Western Corridor Recycled Water assets were built with Commonwealth capital grants. Combined grid storage was 83.5% at the end of July 2026, and with El Niño strengthening Seqwater has warned it could fall toward 70% in a dry year; a Drought Response Plan links actions to dam levels. In 2025-26 Seqwater supplied approximately 343,554 ML of drinking water through its retailers.

Up to 133 ML per dayGold Coast Desalination Plant output at short noticeWater Security Program 2023
1,144.7 ML/dayMaximum daily demand2024-25 · actual
27,967 MLWater delivered to irrigation customers2025-26 · actual

03

Infrastructure & Performance

Seqwater’s performance is measured where bulk water passes to its retailers rather than at the customer tap. Its national performance report for 2024-25 records thirty-five full-treatment plants with a combined capacity of 1,806.56 ML a day. Reliability has been strong: in 2025-26 all bulk water delivered complied with Australian Drinking Water Guidelines values, and no unplanned disruption interrupted supply to customers. Operations are also being digitised, with a mobile system for bulk chemical receival deployed at an initial seventeen treatment plants and one network site.

4.2 per 100 kmWater main breaks2024-25 · actual
573 MLDrinking water lost2024-25 · actual

04

Investment & Priorities

Capital spending has stepped up sharply. Seqwater spent $534.8 million in 2025-26, the largest annual capital programme in its history, yet $212.5 million below budget after delayed environmental approval and staging work on the Toowoomba to Warwick Pipeline. Dam safety anchors the programme: Seqwater’s August 2026 capital briefing reports the old Lake Macdonald wall demolished and a new wall under way, with North Pine strengthening progressing on site. In July the Queensland Government announced a $545 million six-year Dam Repair Plan, starting with North Pine and Lake Macdonald.

$427.7 millionLake Macdonald Dam upgrade investment approvedDecember 2023 · approval
79% (benchmark 60%)Leverage, net debt to Regulated Asset Base30 June 2026 · actual
$1,247.9 millionOperating income ($30.6 million above budget)2025-26 · actual

Capital expenditure

Seqwater capital expenditure, $ million, 2023-24 to 2025-26 (years ending 30 June)

$ million
Capital expenditure: 2023-24, 268 $ million, actual; 2024-25, 389.3 $ million, actual; 2025-26, 534.8 $ million, actual02004006002682023-24389.32024-25534.82025-26
Actual

Reported actuals. The 2025-26 programme was $212.5 million below its $747.3 million budget; 2024-25 was underspent by $174.2 million.

Sources: Seqwater Annual Report 2024-25 and Annual Report 2025-26.

05

Sustainability & Resilience

Long-term security is governed by legislated service objectives that limit how often medium-level restrictions may occur, and Seqwater’s Water Security Program sets out a three-decade plan to meet them. Regional demand is expected to grow from about 300,000 to about 500,000 ML a year over that period, mainly with population, while modelling puts the existing system’s yield at 430,000 ML a year if future climate resembles the historical record. The programme includes a detailed business case for a new desalination plant, likely to be required by 2035.

100 litres per person per dayEssential minimum supply in an extreme droughtLegislated objective
Not more than once every 10 yearsAverage frequency of medium-level restrictionsLegislated objective
Net zero by 2050Emissions target, in line with Queensland Government policyTarget

06

Key Challenges

  1. Delivering a record capital programme after approval delays held spending well below budget in consecutive years.
  2. Upgrading Lake Macdonald, North Pine, Somerset and Wivenhoe dams through the Dam Improvement Program.
  3. Securing climate-independent supply, including a possible desalination plant, as demand grows.
  4. Reducing leverage, which remains above benchmark, while borrowing for investment.
  5. Maintaining full bulk water quality compliance and uninterrupted supply to retailers.

07

Major Projects

Lake Macdonald Dam Improvement Project

Dam safety upgrade approved by responsible Ministers in December 2023; construction began in 2024-25 and a new dam wall is being built.

Status / period
Under construction · new wall under way (Seqwater capital briefing, 6 August 2026)
Investment / capacity
$427.7 million approved

Toowoomba to Warwick Pipeline

Pipeline whose delayed environmental approval and staging options held Seqwater’s 2025-26 capital spending below budget.

Status / period
Stage 1 construction contract awarded July 2026 (Queensland Government, 9 July 2026)

Northern Pipeline Interconnector Stage 3

Planned transfer of water from North Pine Water Treatment Plant to the northern region of the SEQ Water Grid.

Status / period
Detailed business case (Seqwater capital briefing, 6 August 2026)

Evidence

Sources and reporting periods

This Snapshot draws on Seqwater’s annual reports for 2023-24 to 2025-26, its 2024-25 national performance report and drinking water service reporting, the Water Security Program 2023, Queensland Competition Authority price reviews and Queensland Government water security guidance.

Evidence through: 2026-10-0610 source documents

Report library

Reports on Seqwater

1 report available for purchase

Water Utility of the Future: Seqwater cover

Utility transformation

Water Utility of the Future: Seqwater

This report evaluates how Seqwater manages bulk water security, dam safety, regional storage, treatment, transmission, capital investment, and the transformation of the SEQ Water Grid.
Edition
2026
Price
USD 499
Explore report →

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