Grand Cayman, November 10, 2025 – Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a prominent player in the water supply and treatment industry, has released its financial results for the third quarter of 2025, ending September 30. The company has demonstrated solid performance, with total revenue rising by 5% to $35.1 million compared to the same period last year.

1. Financial Highlights

Total Revenue: Increased by 5% to $35.1 million, up from $33.4 million in Q3 2024.

Retail Revenue: Rose by 2% to $7.8 million, driven by a 6% increase in water volume sold.

Bulk Revenue: Decreased by 4% to $8.4 million, attributed to lower fuel pass-through charges.

Services Revenue: Experienced a significant increase of 13% to $14.3 million, fueled by a 50% surge in construction revenue.

Manufacturing Revenue: Increased by 7% to $4.7 million.

Net Income: From continuing operations grew to $5.6 million, or $0.34 per diluted share, compared to $5.0 million, or $0.31 per diluted share in the prior year.

The company’s cash and cash equivalents have also strengthened, reaching $123.6 million with working capital amounting to $141.7 million as of September 30, 2025.

2. Operational Highlights

Consolidated Water’s operational performance was bolstered by favorable weather conditions and successful project acquisitions:

Retail Water Sales: Increased by 6% at the Grand Cayman utility due to less rainfall and a rise in customer connections.

Project Awards: The company secured two significant water treatment plant construction projects – a drinking water plant expansion in Colorado and a wastewater recycling plant in California, valued at approximately $15.6 million, with revenue expected in 2026.

Seawater Desalination Plant in Hawaii: The design phase of a $204 million project to build a desalination plant in Kalaeloa has been completed, paving the way for construction once permits are secured.

3. Management Commentary

Rick McTaggart, CEO of Consolidated Water, expressed optimism regarding the company’s diversified business model, which includes utility operations, construction services, operations and maintenance (O&M) services, and manufacturing. He noted, “Our consolidated revenue increased by 5% and our fully diluted earnings per share from continuing operations increased 10% compared to the same year-ago period.”

McTaggart also highlighted the company’s focus on operational excellence, which has led to improved profitability in the bulk segment, despite a slight reduction in revenue. He emphasized the strong performance of the services segment, particularly in construction, and acknowledged the completion of a major plant commissioning project that impacted consulting revenue.

4. Looking Ahead

The company is poised for continued growth, buoyed by its robust balance sheet and liquidity. Consolidated Water’s strategic focus on diversifying its service offerings across various segments positions it well for future success. McTaggart remarked on the recent additions to the board of directors, who bring extensive experience in water utility operations and infrastructure management, stating, “We expect their experience to accelerate execution of our strategic priorities and enhance oversight of capital programs.”

Conclusion

As Consolidated Water Co. Ltd. prepares for its conference call scheduled for tomorrow at 11:00 a.m. Eastern time, investors and stakeholders will be keen to hear more about the company's strategic initiatives and future outlook. With a solid financial foundation and a commitment to operational excellence, Consolidated Water is well-positioned to navigate the evolving water industry landscape.

For more details on this press release, interested parties are encouraged to visit the company’s official website or participate in the conference call for further insights.

Original press release