Cayman's Consolidated Water 2025 revenue falls 1% due to weakness in service segment

Consolidated Water Co

16/03/2026 21:41

Overview

Cayman Islands water treatment operator's 2025 revenue fell 1% yr/yr to $132.1 mln

Net income from continuing operations rose 4% to $18.6 mln

Revenue decline mainly due to lower services revenue from permitting delays and completed contracts

Outlook

Company expects Hawaii desalination project construction to begin later this yr, boosting future revenue

Company anticipates continued growth in retail water sales in Grand Cayman

Company sees stable recurring revenue from Caribbean bulk water business and growth in U.S. segments

Result Drivers

RETAIL GROWTH - Retail revenue rose 6% due to increased customer connections and lower rainfall in Grand Cayman, leading to record water sales volume

SERVICES REVENUE DECLINE - Services revenue fell 9%, mainly due to completion of major construction contracts and permitting delays for the Hawaii desalination project

MANUFACTURING SEGMENT IMPROVEMENT - Manufacturing revenue and gross margin increased, reflecting higher-margin product mix and expanded production capacity

Company press release: ID:nGNXbWShsT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$132.10 mln
$137.90 mln (1 Analyst)
FY Gross Profit
$48.40 mln
FY Net Income from Cont Ops
$18.60 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the water & related utilities peer group is "buy"

Wall Street's median 12-month price target for Consolidated Water Co Ltd is $43.00, about 23.8% above its March 13 closing price of $34.73

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)