GEORGE TOWN, Cayman Islands, March 16, 2026 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water treatment plants, reported results for the year ended December 31, 2025. All comparisons are to the same prior year period unless otherwise noted.
Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below).
2025 Financial Summary
-- Total revenue decreased 1% to $132.1 million.
-- Retail revenue increased 6% to $33.6 million.
-- Bulk revenue decreased 1% to $33.5 million.
-- Services revenue decreased by 9% to $46.3 million primarily due to a
decline in construction revenue.
-- Manufacturing revenue increased by 6% to $18.7 million.
-- Net income from continuing operations attributable to company
stockholders totaled $18.6 million or $1.16 per diluted share, compared
to $17.9 million or $1.12 per diluted share in 2024.
-- Including discontinued operations, net income attributable to company
stockholders totaled $18.3 million or $1.14 per diluted share, compared
to $28.2 million or $1.77 per diluted share in 2024.
-- Cash and cash equivalents increased to $123.8 million and working capital
increased to $141.9 million as of December 31, 2025.
2025 Operational Highlights
-- Retail water sold by the company's Grand Cayman water utility increased
8.3% to a record volume of 1.09 billion gallons. The increase was due to
increased customer connections and significantly less rainfall on Grand
Cayman during the year.
-- CW-Bahamas supplied to the WSC under long-term supply agreements
approximately 4.8 billion gallons of water produced from two seawater
reverse osmosis desalination plants in Nassau, New Providence. This is
consistent with the 4.8 billion gallons supplied in 2024.
-- The company was awarded two water treatment plant construction projects,
including a $3.9 million drinking water plant expansion in Colorado and
an $11.7 million wastewater recycling plant in California. The revenue
attributable to these projects is expected to be realized primarily in
2026, and the combined value of these projects totals approximately $15.6
million.
-- Completed 100% design of the 1.7 million gallon per day seawater
desalination plant in Kalaeloa, Hawaii for the Honolulu Board of Water
Supply (BWS). In addition, the company received confirmation from BWS
that the company is able to produce water that is a "reasonable match" to
the quality of BWS's current water supply and that the company is able to
produce water that causes "no detrimental impact" to the BWS water system
or their customers' assets. These significant project milestones help
pave the way to begin construction once all permits have been issued.
-- Completed the expansion of the West Bay seawater desalination plant to
meet growing demand for water in the company's Grand Cayman service area.
The expansion added an additional 1 million gallons per day of
desalinated water production capacity.
-- Received a new concession from the Cayman Islands government that granted
the company's Grand Cayman water utility continued exclusive rights to
produce and supply potable water within its service area and resumed
discussions with the utility regulator for a new operating license. The
existing operating license remains in effect until a new one is granted.
-- Appointed three new independent directors, Kim Adamson, Maria Elena Giner,
and Gerónimo Gutiérrez Fernández, effective October 1,
2025.
Dividend Increase
In June 2025, the company increased its quarterly dividend by 27.3% to $0.14 per share beginning in the third quarter of 2025.
Management Commentary
"Our retail, bulk and manufacturing revenues and operating incomes in 2025 were consistent with our expectations," commented Consolidated Water CEO, Rick McTaggart. "However, our services revenue from continuing operations did not meet our expectations due to a permitting delay related to our 1.7 million gallon per day seawater desalination plant project in Kalaeloa, Hawaii. We believe that this type of delay is common for the complex, multi-agency permitting process required for a project of this scale and is not due to any failures on the part of Consolidated Water. We have achieved all other major project milestones and continue to work closely with the Honolulu Board of Water Supply and regulatory authorities to advance the permitting process and mitigate schedule impacts.
"Although our services segment revenue was less than expected, total revenue on a consolidated basis was relatively consistent from the previous year. In addition, our gross margin improved across all segments -- up 2.6 percentage points on a consolidated basis -- and our consolidated net income from continuing operations increased 4% compared to 2024.
"The continued strength of the Cayman Islands economy and historically low rainfall in our exclusive utility service area on Grand Cayman resulted in our retail segment revenue increasing about 6% compared to the previous year, reflecting a record volume of water sold to a record number of customers. This increase in customers was due to the ongoing growth in population and business activity on the island.
"While bulk segment revenue decreased less than 1% this past year due to lower fuel pass-through charges, bulk profitability increased in dollars and gross profit percentage due to lower costs of revenue reflecting our unwavering focus on operational excellence.
"Our services segment revenue decreased 9% due to a $5.1 million decrease in construction revenue from two major design-build projects completed in 2024. Construction revenue recognized on the Hawaii contract also declined by $2.9 million in 2025 due to the completion of the pilot plant testing phase of the project in early 2025. The services segment revenue decrease is also due to a $2.3 million decrease in design and consulting revenue as a result of the completion in the fourth quarter of 2024 of a contract for a major plant commissioning and startup project.
"The decrease in services segment construction and consulting revenue was partially offset by a 9% increase in recurring revenue from O&M contracts. The increase in O&M revenue was attributable to incremental revenue generated by both our PERC Water subsidiary and REC, and includes revenue from a new municipal client in southern California and from additional services provided to a large federal client under a contract which expires at the end of the month.
"During the year, our manufacturing segment continued to improve its performance. Manufacturing revenue grew by 6% and gross margin increased 4.6 percentage points to 34.8%, which reflects the production this past year of primarily higher margin products as well as our continued focus on maximizing production efficiency and capacity. The completion of our new 17,500-square-foot manufacturing facility expansion in the third quarter of 2025 has further enhanced efficiency and throughput and is key to growing that business segment through continued customer and product diversification.
"In the fourth quarter of 2025, we completed 100% of the design of the seawater desalination plant for the Honolulu Board of Water Supply in Kalaeloa, Hawaii, and we now are focused on obtaining the remaining permits needed to allow our client to issue a notice to proceed with construction of the project. We continue to focus on the permitting process, respond to regulatory inquiries and coordinate with the Honolulu Board of Water Supply to mitigate schedule impacts. The deferral of construction activities has shifted anticipated revenue recognition and associated cash flows related to the Hawaii project into future periods. We anticipate that construction of the project will commence later this year and see the construction phase of this major project substantially adding to our revenue and earnings growth in later reporting periods.
"Our construction service segment revenue is anticipated to remain below the record achieved in 2023 until the initiation of construction of the desalination project in Hawaii. However, as we move through the year ahead, we believe our diversified business segments will continue to deliver improved results to shareholders. This includes the continued growth in retail water business in Grand Cayman; the long-term, stable recurring revenue from our Caribbean-based bulk water business; and the growth potential of our U.S.-based manufacturing, design-build and O&M businesses. As the global demand for clean water continues to grow, our strong balance sheet enables us to move quickly on desalination and water infrastructure opportunities in the Caribbean and North America as well as any potential strategic acquisitions or partnerships."
2025 Financial Results
Revenue totaled $132.1 million, decreasing 1% from $134.0 million in 2024. The decrease was due to decreases of $4.6 million in the services segment and $192,000 in the bulk segment. The decreases were partially offset by increases of $1.8 million in the retail segment and $1.1 million in the manufacturing segment.
Retail revenue increased due to an 8.3% increase in the volume of water sold to a record 1.09 billion gallons. This increase resulted from significantly lower rainfall on Grand Cayman and a 6.6% increase in the number of customer accounts in the company's license area.
The slight decrease in bulk segment revenue was due to a decline in energy-related revenue in the Bahamas operations.
The decrease in services segment revenue was primarily due to plant construction revenue decreasing from $18.6 million in 2024 to $13.5 million in 2025. The decrease was the result of $8.2 million of additional revenue from PERC's contract with Liberty Utilities and $1.3 million in revenue from the Red Gate contract in Grand Cayman in 2024. These contracts were substantially completed in mid-2024. Construction revenue recognized on the Hawaii contract also declined by $2.9 million in 2025 due to the completion of the pilot plant testing phase of the project. These decreases in construction revenue were partially offset by construction revenue generated under new contracts.
Services segment revenue generated under O&M contracts totaled $32.1 million in 2025, an increase of 9% from 2024. The increase was due to incremental revenue generated by both PERC and REC.
Manufacturing segment revenue increased by $1.1 million, or 6%, to $18.7 million, as compared to $17.6 million in 2024.
Gross profit for 2025 was $48.4 million (37% of total revenue), as compared to $45.6 million (34% of total revenue) in 2024. The increase was due to increases in retail and manufacturing revenue, as well as decreased cost of revenue for the bulk segment.
Net income from continuing operations attributable to Consolidated Water stockholders in 2025 was $18.6 million, or $1.16 per diluted share, compared to net income of $17.9 million, or $1.12 per diluted share, in 2024.
Including discontinued operations, net income attributable to Consolidated Water stockholders in 2025 was $18.3 million or $1.14 per diluted share, compared to net income of $28.2 million, or $1.77 per diluted share, in 2024.
Cash and cash equivalents totaled $123.8 million as of December 31, 2025, with working capital of $141.9 million and stockholders' equity of $221.7 million.
2025 Segment Results
Year Ended December 31, 2025
----------------------------------------------------------------------------------------
Retail Bulk Services Manufacturing Corporate Total
----------- ------------ ------------ --------------- ------------- ---------------
Revenue $33,587,952 $33,481,307 $46,312,325 $ 18,691,784 $ -- $132,073,368
Cost of revenue 14,593,693 22,470,197 34,449,844 12,180,824 -- 83,694,558
---------- ---------- ---------- ---------- ----------- -----------
Gross profit 18,994,259 11,011,110 11,862,481 6,510,960 -- 48,378,810
General and
administrative
expenses 3,734,676 1,614,759 7,885,756 2,102,759 14,778,378 30,116,328
Gain on asset
dispositions,
net 40,578 -- 52,131 5,000 -- 97,709
---------- ---------- ---------- ---------- ----------- -----------
Income (loss)
from operations 15,300,161 9,396,351 4,028,856 4,413,201 (14,778,378) 18,360,191
Interest income 171,351 772,514 839,190 3 886,982 2,670,040
Interest expense -- -- (4,420) -- -- (4,420)
Income (loss)
from affiliates -- -- -- (29,354) 257,240 227,886
Other 71,262 (9,322) 69,735 344 (581) 131,438
---------- ---------- ---------- ---------- ----------- -----------
Other income
(loss), net 242,613 763,192 904,505 (29,007) 1,143,641 3,024,944
---------- ---------- ---------- ---------- ----------- -----------
Income (loss)
before income
taxes 15,542,774 10,159,543 4,933,361 4,384,194 (13,634,737) 21,385,135
Provision for
income taxes -- -- 1,132,590 1,026,316 5,742 2,164,648
---------- ---------- ---------- ---------- ----------- -----------
Net income (loss)
from continuing
operations 15,542,774 10,159,543 3,800,771 3,357,878 (13,640,479) 19,220,487
Income from
continuing
operations
attributable to
non-controlling
interests -- 593,179 -- -- -- 593,179
---------- ---------- ---------- ---------- ----------- -----------
Net income (loss)
from continuing
operations
attributable to
Consolidated
Water Co. Ltd.
stockholders $15,542,774 $ 9,566,364 $ 3,800,771 $ 3,357,878 $(13,640,479) 18,627,308
---------- ---------- ---------- ---------- -----------
Net loss from
discontinued
operations (290,635)
-----------
Net income
attributable to
Consolidated
Water Co. Ltd.
stockholders $ 18,336,673
===========
Year Ended December 31, 2024
----------------------------------------------------------------------------------------
Retail Bulk Services Manufacturing Corporate Total
------------ ----------- ------------ --------------- ------------- ---------------
Revenue $31,741,343 $33,673,387 $50,956,489 $ 17,595,414 $ -- $133,966,633
Cost of revenue 14,199,088 23,360,360 38,511,535 12,271,202 -- 88,342,185
---------- ---------- ---------- ----------- ----------- -----------
Gross profit 17,542,255 10,313,027 12,444,954 5,324,212 -- 45,624,448
General and
administrative
expenses 3,263,593 1,564,975 6,055,409 2,456,807 14,196,652 27,537,436
Gain on asset
dispositions,
net 2,286 -- 2,714 -- 192,786 197,786
---------- ---------- ---------- ----------- ----------- -----------
Income (loss)
from operations 14,280,948 8,748,052 6,392,259 2,867,405 (14,003,866) 18,284,798
Interest income 198,180 865,584 458,732 4 571,690 2,094,190
Interest expense (93,368) -- (8,409) -- (70) (101,847)
Income from
affiliates -- -- -- 16,701 252,754 269,455
Other 78,647 39,625 (5,634) 11,993 7,247 131,878
---------- ---------- ---------- ----------- ----------- -----------
Other income, net 183,459 905,209 444,689 28,698 831,621 2,393,676
---------- ---------- ---------- ----------- ----------- -----------
Income (loss)
before income
taxes 14,464,407 9,653,261 6,836,948 2,896,103 (13,172,245) 20,678,474
Provision for
income taxes -- -- 1,528,398 672,040 18,076 2,218,514
---------- ---------- ---------- ----------- ----------- -----------
Net income (loss)
from continuing
operations 14,464,407 9,653,261 5,308,550 2,224,063 (13,190,321) 18,459,960
Income from
continuing
operations
attributable to
non-controlling
interests -- 577,590 -- -- -- 577,590
---------- ---------- ---------- ----------- ----------- -----------
Net income (loss)
from continuing
operations
attributable to
Consolidated
Water Co. Ltd.
stockholders $14,464,407 $ 9,075,671 $ 5,308,550 $ 2,224,063 $(13,190,321) 17,882,370
---------- ---------- ---------- ----------- -----------
Net income from
discontinued
operations 10,355,184
-----------
Net income
attributable to
Consolidated
Water Co. Ltd.
stockholders $ 28,237,554
===========
Year Ended December 31, 2023
----------------------------------------------------------------------------------------
Retail Bulk Services Manufacturing Corporate Total
------------ ----------- ------------ --------------- ------------- ---------------
Revenue $30,158,051 $34,595,058 $97,966,650 $ 17,491,474 $ -- $180,211,233
Cost of revenue 13,891,229 24,128,132 66,797,762 13,467,005 -- 118,284,128
---------- ---------- ---------- ----------- ----------- -----------
Gross profit 16,266,822 10,466,926 31,168,888 4,024,469 -- 61,927,105
General and
administrative
expenses 2,978,164 1,737,264 4,271,808 1,838,284 13,926,846 24,752,366
Gain (loss) on
asset
dispositions,
net (21,716) 12,720 -- 2,233 (349) (7,112)
---------- ---------- ---------- ----------- ----------- -----------
Income (loss)
from operations 13,266,942 8,742,382 26,897,080 2,188,418 (13,927,195) 37,167,627
Interest income 181,468 362,422 151,706 4 808 696,408
Interest expense (123,867) -- (21,417) -- -- (145,284)
Income from
affiliate -- -- -- -- 169,728 169,728
Other 93,795 10,793 1,024 2,020 (171) 107,461
---------- ---------- ---------- ----------- ----------- -----------
Other income, net 151,396 373,215 131,313 2,024 170,365 828,313
---------- ---------- ---------- ----------- ----------- -----------
Income (loss)
before income
taxes 13,418,338 9,115,597 27,028,393 2,190,442 (13,756,830) 37,995,940
Provision
(benefit) for
income taxes -- -- 6,388,457 440,111 (78,554) 6,750,014
---------- ---------- ---------- ----------- ----------- -----------
Net income (loss)
from continuing
operations 13,418,338 9,115,597 20,639,936 1,750,331 (13,678,276) 31,245,926
Income from
continuing
operations
attributable to
non-controlling
interests -- 573,791 -- -- -- 573,791
---------- ---------- ---------- ----------- ----------- -----------
Net income (loss)
from continuing
operations
attributable to
Consolidated
Water Co. Ltd.
stockholders $13,418,338 $ 8,541,806 $20,639,936 $ 1,750,331 $(13,678,276) 30,672,135
---------- ---------- ---------- ----------- -----------
Net loss from
discontinued
operations (1,086,744)
-----------
Net income
attributable to
Consolidated
Water Co. Ltd.
stockholders $ 29,585,391
===========
Revenue earned by major geographic region was:
Year ended December 31,
----------------------------------------
2025 2024 2023
------------ ------------ ------------
Cayman Islands $ 37,840,267 $ 37,137,424 $ 41,728,340
The Bahamas 29,298,791 29,675,947 31,221,633
United States 64,421,664 66,662,406 106,768,621
Revenue earned from
management services
agreement with OC-BVI 512,646 490,856 492,639
----------- ----------- -----------
$132,073,368 $133,966,633 $180,211,233
=========== =========== ===========
The following table presents the company's revenue disaggregated by revenue source.
Year Ended December 31,
----------------------------------------
2025 2024 2023
------------ ------------ ------------
Retail revenue $ 33,587,952 $ 31,741,343 $ 30,158,051
Bulk revenue 33,481,307 33,673,387 34,595,058
Services revenue 46,312,325 50,956,489 97,966,650
Manufacturing revenue 18,691,784 17,595,414 17,491,474
----------- ----------- -----------
Total revenue $132,073,368 $133,966,633 $180,211,233
=========== =========== ===========
Services revenue consists of the following:
Year Ended December 31,
-------------------------------------
2025 2024 2023
----------- ----------- -----------
Construction revenue $13,470,641 $18,602,919 $77,306,704
Operations and maintenance
revenue 32,075,046 29,307,405 19,368,365
Design and consulting
revenue 766,638 3,046,165 1,291,581
---------- ---------- ----------
Total services revenue $46,312,325 $50,956,489 $97,966,650
========== ========== ==========
Annual General Meeting of Shareholders
The company has set June 1, 2026 as the date of its Annual General Meeting of Shareholders to be held at 3:00 p.m. Cayman Islands time (4:00 p.m. EDT) at the Westin Grand Cayman Seven Mile Beach Resort & Spa, Seven Mile Beach, Grand Cayman, Cayman Islands. Holders of record of the company's stock as of April 2, 2026 will be entitled to vote at the meeting.
Conference Call
Consolidated Water management will host a conference call tomorrow to discuss these results, followed by a question-and-answer period.
Date: Tuesday, March 17, 2026
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
Toll-free dial-in number: 1-844-875-6913
International dial-in number: 1-412-317-6709
Conference ID: 1518479
Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you require any assistance connecting with the call, please contact Encore at 1-949-432-7450.
A replay of the call will be available after 1:00 p.m. Eastern time on the same day through March 24, 2026, as well as available for replay via the Investors section of the Consolidated Water website at www.cwco.com.
Toll-free replay number: 1-855-669-9658
International replay number: 1-412-317-0088
Replay ID: 1518479
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates advanced water treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States.
The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.
For more information, visit cwco.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the marketplace; (ii) changes in its relationships with the governments of the jurisdictions in which it operates; (iii) the outcome of its negotiations with the Cayman government regarding a new retail license agreement; (iv) the collection of its delinquent accounts receivable in the Bahamas; and (v) various other risks such as economic, operational, and industry-specific risks, as detailed in the company's periodic report filings with the Securities and Exchange Commission ("SEC"). For more information about risks and uncertainties associated with the company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the company's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the company's Secretary at the company's executive offices or at the "Investors -- SEC Filings" page of the company's website at ir.cwco.com/docs. Except as otherwise required by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact
Investor & Media Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
Email Contact
CONSOLIDATED WATER CO. LTD.
CONSOLIDATED BALANCE SHEETS
December 31,
--------------------------
2025 2024
------------ ------------
ASSETS
Current assets
Cash and cash equivalents $123,788,390 $ 99,350,121
Accounts receivable, net 32,768,537 39,580,982
Inventory 3,736,845 8,960,350
Prepaid expenses and other current
assets 5,927,675 5,112,183
Contract assets 3,290,815 4,470,243
Current assets of discontinued
operations 124,630 272,485
----------- -----------
Total current assets 169,636,892 157,746,364
Property, plant and equipment, net 55,151,758 52,432,282
Construction in progress 6,695,656 5,143,717
Inventory, noncurrent 5,563,142 5,338,961
Investment in affiliates 1,186,849 1,504,363
Goodwill 12,861,404 12,861,404
Intangible assets, net 2,101,555 2,696,815
Operating lease right-of-use assets 2,930,441 3,232,786
Other assets 1,437,648 2,356,489
----------- -----------
Total assets $257,565,345 $243,313,181
=========== ===========
LIABILITIES AND EQUITY
Current liabilities
Accounts payable, accrued expenses
and other current liabilities $ 9,620,880 $ 9,057,179
Accrued compensation 3,039,142 3,336,946
Dividends payable 2,285,317 1,780,841
Current maturities of operating
leases 661,047 634,947
Current portion of long-term debt 47,549 126,318
Contract liabilities 11,528,634 9,126,654
Deferred revenue 248,719 365,879
Current liabilities of discontinued
operations 271,159 509,745
----------- -----------
Total current liabilities 27,702,447 24,938,509
Long-term debt, noncurrent 25,954 70,320
Deferred tax liabilities 707,444 210,893
Noncurrent operating leases 2,297,161 2,630,812
Other liabilities 153,000 153,000
----------- -----------
Total liabilities 30,886,006 28,003,534
----------- -----------
Commitments and contingencies
Equity
Consolidated Water Co. Ltd.
stockholders' equity
Redeemable preferred stock, $0.60 par
value. Authorized 200,000 shares;
issued and outstanding 39,507 and
44,004 shares, respectively 23,704 26,402
Common stock, $0.60 par value.
Authorized 24,800,000 shares; issued
and outstanding 15,945,233 and
15,846,345 shares, respectively 9,567,140 9,507,807
Additional paid-in capital 95,310,630 93,550,905
Retained earnings 116,749,048 106,875,581
----------- -----------
Total Consolidated Water Co. Ltd.
stockholders' equity 221,650,522 209,960,695
Non-controlling interests 5,028,817 5,348,952
----------- -----------
Total equity 226,679,339 215,309,647
----------- -----------
Total liabilities and equity $257,565,345 $243,313,181
=========== ===========
CONSOLIDATED WATER CO. LTD.
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31,
---------------------------------------------
2025 2024 2023
------------- ------------- ---------------
Revenue $132,073,368 $133,966,633 $180,211,233
Cost of revenue 83,694,558 88,342,185 118,284,128
----------- ----------- -----------
Gross profit 48,378,810 45,624,448 61,927,105
General and
administrative
expenses 30,116,328 27,537,436 24,752,366
Gain on asset
dispositions,
net 97,709 197,786 (7,112)
----------- ----------- -----------
Income from
operations 18,360,191 18,284,798 37,167,627
----------- ----------- -----------
Other income
(expense):
Interest
income 2,670,040 2,094,190 696,408
Interest
expense (4,420) (101,847) (145,284)
Equity in the
earnings of
affiliates 227,886 269,455 169,728
Other 131,438 131,878 107,461
----------- ----------- -----------
Other income, net 3,024,944 2,393,676 828,313
----------- ----------- -----------
Income before
income taxes 21,385,135 20,678,474 37,995,940
Provision for
income taxes 2,164,648 2,218,514 6,750,014
----------- ----------- -----------
Net income from
continuing
operations 19,220,487 18,459,960 31,245,926
Income from
continuing
operations
attributable to
non-controlling
interests 593,179 577,590 573,791
----------- ----------- -----------
Net income from
continuing
operations
attributable to
Consolidated
Water Co. Ltd.
stockholders 18,627,308 17,882,370 30,672,135
----------- ----------- -----------
Net income (loss)
from
discontinued
operations (290,635) 10,355,184 (1,086,744)
----------- ----------- -----------
Net income
attributable to
Consolidated
Water Co. Ltd.
stockholders $ 18,336,673 $ 28,237,554 $ 29,585,391
=========== =========== ===========
Basic earnings
(loss) per
common share
attributable to
Consolidated
Water Co. Ltd.
common
stockholders
Continuing
operations $ 1.17 $ 1.13 $ 1.95
Discontinued
operations (0.02) 0.65 (0.07)
----------- ----------- -----------
Basic earnings
per share $ 1.15 $ 1.78 $ 1.88
=========== =========== ===========
Diluted earnings
(loss) per
common share
attributable to
Consolidated
Water Co. Ltd.
common
stockholders
Continuing
operations $ 1.16 $ 1.12 $ 1.93
Discontinued
operations (0.02) 0.65 (0.07)
----------- ----------- -----------
Diluted earnings
per share $ 1.14 $ 1.77 $ 1.86
=========== =========== ===========
Dividends
declared per
common and
redeemable
preferred
shares $ 0.53 $ 0.41 $ 0.36
=========== =========== ===========
Weighted average
number of common
shares used in
the
determination
of:
Basic
earnings per
share 15,923,032 15,832,328 15,739,056
=========== =========== ===========
Diluted
earnings per
share 16,008,063 15,935,962 15,865,897
=========== =========== ===========
(END) Dow Jones Newswires
March 16, 2026 17:30 ET (21:30 GMT)