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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.
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Q3 2025 earnings summary11 Nov, 2025

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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Frequently asked questions

Consolidated Water Co. Ltd. designs, constructs, manages, and operates water production and water treatment plants in areas where natural supplies of potable or non-potable water are scarce or nonexistent. Its systems typically convert seawater or waste-water into safe and reliable products for use by the public, so it can sell water to government utilities and private entities through long-term contracts. The company also offers reverse osmosis services to desalinate brackish groundwater sources.

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