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Consolidated Water (CWCO) investor relations material
Consolidated Water Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue increased 5% year-over-year to $35.1 million, driven by growth in retail, services, and manufacturing, while bulk segment revenue declined.
Net income from continuing operations rose to $5.6 million ($0.34 per diluted share), up from $5 million ($0.31) in Q3 2024.
Gross profit margin improved to 37% from 35% year-over-year, reflecting higher-margin products and cost reductions.
Secured new water treatment plant construction contracts valued at $15.6 million, with revenue expected in 2026.
Appointed three new independent directors, enhancing board expertise in water infrastructure and finance.
Financial highlights
Q3 2025 revenue: $35.1 million (up 5% year-over-year); nine months: $102.4 million (down 3% year-over-year).
Q3 2025 gross profit: $12.9 million (37% margin); nine months: $38.1 million (37% margin).
Q3 2025 net income from continuing operations: $5.6 million; nine months: $15.7 million.
Cash and cash equivalents totaled $123.6 million as of September 30, 2025; working capital at $141.7 million.
Dividends declared per share: $0.14 for Q3 2025 (up from $0.11 in Q3 2024).
Outlook and guidance
Revenue from new construction projects and the Hawaii desalination plant is expected to be recognized primarily in 2026 and 2027.
Ongoing negotiations for a new retail license in the Cayman Islands could materially impact future operating income.
One major O&M contract in the services segment is unlikely to be renewed beyond March 2026.
Anticipates continued growth in Grand Cayman, U.S. construction, and Florida manufacturing opportunities.
Projected capital expenditures for 2025 are $4.5 million.
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