Core Insights - Consolidated Water Co. Ltd. reported a 5% increase in consolidated revenue for Q3 2025, totaling $35.1 million, and a 10% increase in fully diluted earnings per share from continuing operations, reaching $0.34 [4][12][16]. Financial Summary - Total revenue increased to $35.1 million from $33.4 million in Q3 2024, driven by growth in retail, services, and manufacturing segments [12][31]. - Retail revenue rose by 2% to $7.8 million, while bulk revenue decreased by 4% to $8.4 million [8][31]. - Services revenue increased by 13% to $14.3 million, with construction revenue up 50% to $6.4 million [6][31]. - Manufacturing revenue grew by 7% to $4.7 million, with a gross margin increase to 40% [8][9]. Operational Highlights - Retail water sold increased by 6% due to lower rainfall in Grand Cayman [5][12]. - The services segment saw a revenue increase of $1.6 million, attributed to construction projects and a slight rise in O&M contracts [6][14]. - A new contract valued at $11.7 million was secured for a wastewater recycling plant in California, expected to save significant potable water [7][12]. Management Commentary - The CEO highlighted the strength of the diversified business model, which includes regulated utility operations, design and construction services, and manufacturing [4]. - The company anticipates continued revenue and earnings growth from major projects, including a $204 million seawater desalination plant in Hawaii [10][12]. Balance Sheet and Cash Flow - Cash and cash equivalents increased to $123.6 million, with working capital rising to $141.7 million as of September 30, 2025 [17]. - Net income from continuing operations attributable to stockholders was $5.6 million, compared to $5.0 million in Q3 2024 [16][17]. Segment Results - Retail segment revenue was $7.8 million, bulk segment revenue was $8.4 million, services segment revenue was $14.3 million, and manufacturing segment revenue was $4.7 million for Q3 2025 [25][31]. - The services segment's construction revenue increased significantly, while O&M revenue also saw a modest rise [14][32].

Core Viewpoint - Consolidated Water Co. Ltd. reported a 15% decline in total revenue for Q1 2025, primarily due to a significant drop in services revenue following the completion of major construction projects in the previous year. However, growth was observed in retail, bulk, and manufacturing segments, indicating a mixed performance across different business areas [5][11][17]. Financial Summary - Total revenue for Q1 2025 was $33.7 million, down from $39.7 million in Q1 2024, with services revenue decreasing by $7.3 million [5][11]. - Retail revenue increased by 9% to $9.4 million, bulk revenue rose by 1% to $8.4 million, and manufacturing revenue grew by 10% to $5.8 million [5][21]. - Net income from continuing operations was $4.9 million or $0.31 per diluted share, compared to $6.9 million or $0.43 per diluted share in the same quarter last year [17][34]. Operational Highlights - The services segment experienced a 42% decline in revenue to $10.1 million, attributed to a $7.0 million drop in construction revenue and a $980,000 decrease in design and consulting revenue [5][22]. - Operations and maintenance (O&M) revenue increased by 9% to $7.7 million, driven by growth in the PERC Water subsidiary in California and Arizona, and the REC acquisition in Colorado [4][15]. - Retail water sales in Grand Cayman increased by 13%, reflecting population growth and increased business activity [6][12]. Segment Performance - The manufacturing segment's revenue increased by 10%, with operating income rising by approximately 44% due to higher production activity and a favorable product mix [7][11]. - The bulk water segment's revenue remained stable, indicating the long-term, stable income-generating nature of this business [7][11]. - The company anticipates improved design/build services revenue in the second half of 2025, with three smaller projects valued at approximately $20 million set to begin construction [10][11]. Strategic Developments - The company completed pilot testing for a seawater desalination plant project in Hawaii, with the Honolulu Board of Water Supply approving the pilot test reports, paving the way for construction to begin early next year [8][9]. - Consolidated Water received a new concession from the Cayman Islands government, granting exclusive rights to produce and supply potable water in its service area [5][11].