Consolidated Water Reports Second Quarter 2025 Results

Core Insights - Consolidated Water Co. Ltd. reported a 3% increase in total revenue for Q2 2025, reaching $33.6 million compared to $32.5 million in Q2 2024, driven by growth in retail and manufacturing segments [9][5][6] - The company achieved a 23% increase in fully diluted earnings per share from continuing operations, rising to $0.32 per share from $0.26 per share in the same quarter last year [5][14] - The manufacturing segment saw a significant revenue increase of 33%, contributing to the overall positive performance of the company [4][12] Financial Summary - Total revenue for Q2 2025 was $33.6 million, up from $32.5 million in Q2 2024, with retail revenue increasing by 6% to $8.6 million and manufacturing revenue increasing by 33% to $5.2 million [9][6] - Net income from continuing operations attributable to stockholders was $5.2 million, or $0.32 per diluted share, compared to $4.2 million, or $0.26 per diluted share in Q2 2024 [14][15] - Cash and cash equivalents increased to $112.2 million, with working capital rising to $137.4 million as of June 30, 2025 [16] Operational Highlights - The retail segment experienced a 7% increase in water sold, attributed to lower rainfall and population growth in Grand Cayman [6][9] - The services segment revenue from operations and maintenance (O&M) contracts increased by 17% to $8.3 million, partially offsetting declines in construction and design consulting revenues [4][12] - The company completed the expansion of its West Bay seawater desalination plant, adding 1 million gallons per day of production capacity to meet growing demand [6][8] Project Developments - The company is advancing its $204 million seawater desalination plant project in Kalaeloa, Hawaii, with critical milestones achieved, including client approval of pilot test reports [6][8] - The manufacturing segment's performance has stabilized, with expectations for continued growth driven by increased interest in nuclear power solutions in the U.S. [7]