Consolidated Water Co. Ltd. reported its financial results for the second quarter of 2025, revealing a net income of $5.1 million, or $0.32 per diluted share, compared to $15.9 million, or $0.99 per diluted share, in the same period of 2024. The company's revenue for the quarter increased to $33.6 million from $32.5 million year-over-year, driven primarily by growth in the retail and manufacturing segments. Gross profit also rose to $12.8 million, representing 38% of total revenue, up from $11.6 million, or 36% of total revenue, in the prior year.
In the first half of 2025, Consolidated Water's revenue decreased to $67.3 million from $72.2 million in the same period of 2024. This decline was attributed to significant decreases in the services segment, which were partially offset by increases in retail and manufacturing revenues. The company reported a net income of $9.9 million for the six months ended June 30, 2025, down from $22.3 million in the previous year. General and administrative expenses increased to $15.3 million, primarily due to higher employee costs and legal fees.
Operationally, the retail segment saw a revenue increase to $8.6 million in the second quarter, attributed to a 7% rise in water sales volume, largely due to lower rainfall in Grand Cayman. The manufacturing segment also performed well, with revenue rising to $5.2 million, reflecting increased production activity. However, the services segment experienced a revenue drop to $11.4 million, primarily due to a decline in construction revenue related to specific projects.
The company continues to navigate challenges related to its operations in The Bahamas, where approximately 81% of accounts receivable from the Water and Sewerage Corporation were delinquent as of June 30, 2025. Consolidated Water has maintained discussions with government officials to address these receivables, which could impact liquidity if not resolved. Additionally, the company is in the process of negotiating a new retail license in the Cayman Islands, which could significantly affect its operating income and cash flows.
Looking ahead, Consolidated Water Co. Ltd. anticipates continued revenue generation from its existing contracts and projects, including a new seawater reverse osmosis desalination plant in Hawaii. The company remains focused on managing its operational costs and improving cash flow while addressing the challenges posed by regulatory negotiations and market conditions.
About Consolidated Water Co. Ltd.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.