Consolidated Water (CWCO) investor relations material

Business overview and strategy

• Operates across four segments: services, retail water, bulk water, and manufacturing, with a 50-year track record in water infrastructure and treatment.

• Pursues both organic and acquisitive growth in the U.S. and internationally, leveraging a strong balance sheet.

• Provides water services through 97 U.S. facilities and 10 desalination plants globally, serving four countries.

• Focuses on advanced, award-winning water treatment designs and efficient project delivery models.

• Recent acquisitions, such as REC, expand reach into water-stressed regions and add recurring revenue streams.

Financial performance and key metrics

• Total revenue for the trailing twelve months ended December 2025 was $132.1M, with a net income of $18.3M and a net income margin of 13.9%.

• Gross profit reached $48.4M, and cash on hand as of December 31, 2025, was $123.8M.

• Working capital stood at $141.9M, with total assets of $257.6M and shareholders' equity of $221.7M.

• Dividend yield was 1.8% as of March 17, 2026, with a 27.3% increase in quarterly cash dividend to $0.14 per share starting Q3 2025.

• Revenue declined temporarily due to completion of two large construction projects in June 2024.

Segment highlights and major projects

• Services segment generated $46.3M (35.1% of revenue), retail water $33.6M (25.4%), bulk water $33.5M (25.4%), and manufacturing $18.7M (14.2%).

• Secured a $204M, 24-year contract for a seawater desalination plant in O'ahu, Hawaii, with $147M revenue expected in the initial two-year construction period.

• Won $15.6M in new U.S. water treatment projects in Colorado and California, with revenue expected primarily in 2026.

• Completed a $20M desalination plant in Grand Cayman and an $82M wastewater facility in Arizona.

• Long-term government contracts in bulk water segment provide reliable, inflation-hedged cash flows.