Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. reported a 2% decrease in total revenue to $32.9 million for the second quarter ended June 30, 2026. Net income attributable to company stockholders was $3.9 million, or $0.24 per diluted share, down from $5.1 million or $0.32 per diluted share in Q2 2025. While manufacturing revenue declined significantly, bulk revenue saw a 20% increase, and the company secured a 25-year water concession and new municipal equipment orders, indicating future growth potential.

Consolidated Water Co. Ltd. reported a 2% decrease in Q2 2026 total revenue to $32.9 million, with diluted EPS falling to $0.24 from $0.32 year-over-year. While manufacturing revenue declined significantly, bulk revenue saw a 20% increase, and services revenue grew slightly. The company secured a 25-year exclusive water concession in Grand Cayman and received a limited notice to proceed for a $204 million Hawaii desalination project, alongside $10.1 million in new Florida municipal orders, indicating a strong future project pipeline.

Consolidated Water reported a decrease in financial performance for the second quarter and first half of 2026. For Q2 2026, diluted EPS fell to $0.24 from $0.32, and revenue decreased to $32.87 million from $33.59 million year-over-year. The decline was largely due to a significant drop in manufacturing revenue, despite increases in bulk and services revenue.

Consolidated Water Co. Ltd. announced it will host a conference call on Tuesday, August 11, 2026, at 11:00 a.m. Eastern time. The purpose of the call is to discuss the company's financial results for the second quarter ended June 30, 2026. The financial results will be issued in a press release prior to the call, and a replay will be available until August 18, 2026.

Consolidated Water Co. Ltd. announced significant progress on two fronts. The company received a Limited Notice to Proceed for its Kalaeloa seawater reverse osmosis desalination facility in Hawaii, authorizing the procurement of approximately $6 million in long-lead equipment. Separately, Consolidated Water secured record purchase orders totaling approximately $10.1 million from a Florida municipality for nanofiltration membrane water treatment equipment and horizontal cartridge filters, with delivery scheduled for November 2027.

Consolidated Water Co. Ltd. announced significant progress on its Kalaeloa, Hawaii seawater desalination project and new purchase orders in Florida. The company received a Limited Notice to Proceed for the Hawaii project, authorizing $6 million for long-lead equipment procurement despite ongoing permitting delays. Additionally, Consolidated Water secured approximately $10.1 million in purchase orders from a Florida municipality for water treatment equipment, representing its largest orders to date for municipal membrane-based equipment and horizontal cartridge filters, with delivery scheduled for November 2027.

Consolidated Water Co. Ltd.'s subsidiary, Cayman Water Company Limited, has secured a new 25-year license from the Cayman Islands government's Utility Regulation and Competition Office (OfReg). This license, effective August 1, 2026, resolves a long period of uncertainty and establishes a long-term regulatory framework for the company's retail water operations. It grants Cayman Water the exclusive right to produce and distribute potable water in its licensed service area and outlines specific base rates for various consumer types, with annual adjustments and provisions for energy cost recovery. The exchange rate for CI$ to US$ is fixed at US$1.20 per CI$1.00.

Consolidated Water Co. Ltd. announced that its subsidiary, Cayman Water Company Limited, secured a new 25-year exclusive license from OfReg to provide potable water service in Grand Cayman, effective August 1, 2026. This license establishes a modern regulatory framework, preserving Cayman Water's exclusive rights and incorporating an annual rate adjustment mechanism. While pro forma estimates indicate lower revenues under the new rate structure, the company views this as a significant milestone, providing long-term certainty and supporting continued investment in infrastructure. The favorable operating environment is further bolstered by strong tourism momentum in Grand Cayman.

Consolidated Water Co. Ltd. has appointed Sachin Chawla to the new position of senior vice president, strategy and growth. He will be responsible for directing business development, sales, and marketing, while also assisting the CEO with M&A and broader business growth initiatives. The company highlighted its strong performance in 2025 and Q1 2026, including record retail water volume and new contract awards, and outlined plans for further expansion with new plant commissions and project constructions in 2026.

Consolidated Water Co. Ltd. shareholders approved several key proposals at its Annual General Meeting on June 1, 2026. These include a significant increase in the company's authorized share capital from CI$12.5 million to CI$25 million, and amendments to its Articles of Association to allow for share repurchases and the holding of treasury shares. Additionally, the 2027 Employee Stock Incentive Plan was approved, and nine directors were elected to serve until the next Annual General Meeting.