The stock may react positively to margin expansion and dividend increase, but investors should monitor timing of Hawaii project construction start and services segment recovery. Upcoming catalyst is the Q1 2026 earnings call tomorrow, where management may provide updated guidance.
Price Chart
Executive Summary
Consolidated Water Co. Ltd. (CWCO) reported a 1% decline in total revenue to $132.1 million for 2025, driven by a 9% drop in services revenue due to lower construction activity, particularly from project delays in Hawaii. However, net income from continuing operations rose 4% to $18.6 million ($1.16 per diluted share), supported by improved gross margins across all segments and a 6% increase in retail revenue. The company also increased its quarterly dividend by 27.3% and secured $15.6 million in new U.S. construction projects expected to boost 2026 results.
Key Financial Metrics
Key Facts
- Total revenue decreased 1% YoY to $132.1 million in 2025
- Retail revenue increased 6% to $33.6 million on record water volume sales in Grand Cayman
- Services revenue declined 9% to $46.3 million due to completion of major construction projects and Hawaii permitting delays
- Net income from continuing operations increased 4% to $18.6 million ($1.16 per diluted share)
- Gross margin improved 2.6 percentage points to 37% of revenue
- Company secured $15.6 million in new U.S. water treatment plant contracts (Colorado and California)
- 100% design completed for the Hawaii desalination plant; construction pending permits
- Dividend increased 27.3% to $0.14 per share starting Q3 2025
Financial Impact
Revenue down slightly (-1%) but profitability improved with $18.6M net income from continuing ops (+4% YoY) and margin expansion. New $15.6M projects and Hawaii construction to drive future growth.
Risk Factors
- Continued permitting delays on the Hawaii desalination project could further defer revenue recognition
- Services segment remains weak due to lumpy construction revenue and project timing risk
- Discontinued operations reported a net loss, reducing total net income significantly to $18.3M vs $28.2M in 2024
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3256785 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 24, 2026 14w ago | 8-K | $29.08 $28.20 | ▼ −3.03% | ▼ −6.76% | $29.84 (+2.61%) |
Jun 8, 2026 16w ago | Press Release | $29.44 $28.92 | ▼ −1.77% | ▼ −4.82% | $29.84 (+1.36%) |
Jun 5, 2026 17w ago | Press Release | $29.92 $29.77 | ▼ −0.50% | ▼ −4.50% | $29.84 (−0.27%) |
May 26, 2026 18w ago | DEFA14A | $30.18 $29.69 | ▼ −1.62% | ▼ −4.35% | $29.84 (−1.13%) |
May 12, 2026 20w ago | 8-K | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.84 (+1.65%) |
May 11, 2026 20w ago | Press Release | $30.34 $29.92 | ▲ +1.38% | ▲ +5.77% | $29.84 (+1.65%) |
Apr 27, 2026 22w ago | Press Release | $33.80 $29.40 | ▲ +13.02% | ▲ +17.80% | $29.84 (+11.72%) |
Apr 22, 2026 23w ago | DEFA14A | $33.52 $29.17 | ▼ −12.98% | ▼ −17.76% | $29.84 (−10.98%) |
Mar 16, 2026 28w ago | Press Release | $31.22 $30.16 | ▼ −3.39% | ▼ −13.25% | $29.84 (−4.41%) |
Mar 2, 2026 30w ago | Press Release | $37.87 $30.18 | ▼ −20.30% | ▼ −29.63% | $29.84 (−21.20%) |
US Market Status
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