--- title: "Consolidated Water | 10-Q: FY2026 Q1 Revenue: USD 29.97 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285994812.md" datetime: "2026-05-11T20:45:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285994812.md) - [en](https://longbridge.com/en/news/285994812.md) - [zh-HK](https://longbridge.com/zh-HK/news/285994812.md) --- # Consolidated Water | 10-Q: FY2026 Q1 Revenue: USD 29.97 M Revenue: As of FY2026 Q1, the actual value is USD 29.97 M. EPS: As of FY2026 Q1, the actual value is USD 0.23. EBIT: As of FY2026 Q1, the actual value is USD 2.795 M. #### Consolidated Results (Three Months Ended March 31, 2026 vs. March 31, 2025) - Net Income Attributable to Consolidated Water Co. Ltd. Stockholders (including discontinued operations) was $3,777,429 in 2026, a decrease from $4,791,029 in 2025 . - Net Loss from Discontinued Operations was -$43,042 in 2026, an improvement from -$133,081 in 2025 . - Net Income from Continuing Operations Attributable to Consolidated Water Co. Ltd. Stockholders was $3,820,471 in 2026, down from $4,924,110 in 2025 . - Total Revenue decreased to $29,973,700 in 2026 from $33,715,385 in 2025, primarily due to decreases in manufacturing and retail, partially offset by increases in bulk and services . - Gross Profit was $10,916,013 (36% of total revenue) in 2026, compared to $12,306,287 (37% of total revenue) in 2025 . - General and Administrative (G&A) Expenses decreased to $7,419,068 in 2026 from $7,723,959 in 2025, driven by lower professional fees and other expenses, despite increased employee costs . - Other Income, Net was $739,566 in 2026, up from $688,891 in 2025 . #### Segmented Financial Metrics (Three Months Ended March 31, 2026 vs. March 31, 2025) ##### Retail Segment - Revenue decreased to $8,577,058 in 2026 from $9,411,342 in 2025, mainly due to a 10.2% decrease in water volume sold attributed to significantly greater rainfall . - Gross Profit decreased to $4,934,901 (58% of retail revenue) in 2026 from $5,705,279 (61% of retail revenue) in 2025 . - Income from Operations was $3,955,540 in 2026, compared to $4,946,443 in 2025 . - G&A Expenses increased to $902,607 in 2026 from $788,812 in 2025, primarily due to incremental employee costs . ##### Bulk Segment - Revenue increased slightly to $8,744,769 in 2026 from $8,411,716 in 2025, mainly due to revenue from Consolidated Water Co. Ltd.’s new plant on Cat Island . - Gross Profit was relatively consistent at $3,008,783 (34% of bulk revenue) in 2026, compared to $2,827,627 (34% of bulk revenue) in 2025 . - Income from Operations was $2,604,560 in 2026, compared to $2,481,546 in 2025 . - G&A Expenses were relatively consistent at $404,223 in 2026, compared to $346,081 in 2025 . ##### Services Segment - Revenue increased to $11,251,344 in 2026 from $10,078,268 in 2025 . - Construction revenue was $2,101,137 in 2026, compared to $2,218,230 in 2025 . - Operations and maintenance (O&M) revenue increased to $8,888,458 in 2026 from $7,725,298 in 2025, partly due to $494,332 from additional construction and maintenance services for a significant O&M contract that expired, and a new contract for a municipal customer in California . - Design and consulting revenue increased to $261,749 in 2026 from $134,740 in 2025 . - Gross Profit increased to $2,824,188 (25% of services revenue) in 2026 from $2,016,391 (20% of services revenue) in 2025, due to the increase in O&M revenue . - Income from Operations was $1,057,741 in 2026, compared to a loss of -$180,488 in 2025 . - G&A Expenses decreased to $1,785,996 in 2026 from $2,195,338 in 2025, primarily due to a decrease in the provision for credit losses . ##### Manufacturing Segment - Revenue decreased to $1,400,529 in 2026 from $5,814,059 in 2025, due to a decrease in new purchase orders and timing of work commencement . - Gross Profit decreased to $148,141 (11% of manufacturing revenue) in 2026 from $1,756,990 (30% of manufacturing revenue) in 2025, reflecting the revenue decrease . - Loss from Operations was -$337,767 in 2026, compared to an income of $1,092,912 in 2025 . - G&A Expenses decreased to $485,908 in 2026 from $664,078 in 2025, primarily due to a decrease in the provision for credit losses . #### Cash Flow (Three Months Ended March 31, 2026) - Net Cash Provided by Operating Activities was $6,543,681 . - Net Cash Used in Investing Activities was -$1,682,253, primarily for property, plant, and equipment and construction in progress . - Net Cash Used by Financing Activities was -$2,311,849, mostly for dividend payments . - Net Increase in Cash and Cash Equivalents was $2,549,579 . #### Financial Condition (As of March 31, 2026 vs. December 31, 2025) - Cash and Cash Equivalents increased to $126,331,873 from $123,788,390 . - Working Capital was $144,300,000 . - Accounts Receivable increased by approximately $3,500,000, mainly due to a $3,200,000 increase in CW-Bahamas’ accounts receivable . - Contract Assets decreased by approximately $2,000,000, primarily due to a $1,100,000 decrease in Aerex’s contract assets and an $870,000 decrease in PERC’s contract assets . - Property, Plant and Equipment, Net increased by approximately $1,600,000, mainly due to a transfer from construction in progress upon completion of a CW-Bahamas’ Cat Island plant . - Construction in Progress decreased by approximately $1,600,000, primarily due to the transfer for the Cat Island plant . - Contract Liabilities increased by $1,300,000, due to an $874,000 increase in PERC and a $567,000 increase in the Kalaeloa Desalco construction project . #### Future Outlook and Strategy Consolidated Water Co. Ltd. expects manufacturing revenue for the full 2026 fiscal year to be less than in 2025 . The company anticipates an extension for OC-Cayman’s agreements to allow for a new long-term tender process, while the Kalaeloa Desalco project faces permitting delays, deferring revenue recognition . Additionally, the ongoing renegotiation of the retail license in the Cayman Islands could significantly reduce operating income and cash flows from retail operations, and there are uncertainties regarding the reduction of delinquent accounts receivable from The Bahamas government . ### Related Stocks - [CWCO.US](https://longbridge.com/en/quote/CWCO.US.md) ## Related News & Research - [Assessing Consolidated Water (CWCO) Valuation After Softer First Quarter 2026 Earnings](https://longbridge.com/en/news/286981302.md) - [Consolidated Water GAAP EPS of $0.24 misses by $0.01, revenue of $29.97M misses by $2.13M](https://longbridge.com/en/news/286035666.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)