XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Segment information (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment information          
Number of reportable segments | segment     5    
Revenue $ 35,118,706 $ 33,390,557 $ 102,425,170 $ 105,559,105  
Cost of revenue 22,172,797 21,755,899 64,340,989 68,426,210  
Gross profit 12,945,909 11,634,658 38,084,181 37,132,895  
General and administrative expenses 7,218,722 6,955,969 22,522,919 20,126,292  
Gain on asset dispositions and impairments, net 34,095 201,582 94,547 198,452  
Income (loss) from operations 5,761,282 4,880,271 15,655,809 17,205,055  
Interest income 637,532 626,801 2,011,114 1,341,797  
Interest expense (901) (32,801) (3,614) (99,740)  
Income (loss) from affiliates 80,314 73,620 163,067 199,983  
Other 94,282 56,420 149,733 118,610  
Other income (loss), net 811,227 724,040 2,320,300 1,560,650  
Income (loss) before income taxes 6,572,509 5,604,311 17,976,109 18,765,705  
Provision for income taxes 827,009 490,209 1,832,933 2,175,838  
Net income (loss) from continuing operations 5,745,500 5,114,102 16,143,176 16,589,867  
Income from continuing operations attributable to non-controlling interests 175,936 156,784 470,741 448,724  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 5,569,564 4,957,318 15,672,435 16,141,143  
Net loss from discontinued operations (37,220) (502,854) (252,857) 10,637,926  
Net income attributable to Consolidated Water Co. Ltd. stockholders 5,532,344 4,454,464 15,419,578 26,779,069  
Subcontractor and other project costs 7,932,062 6,978,959 20,742,437 24,301,678  
Employee costs 6,022,492 5,982,216 18,231,861 17,988,226  
Electricity 2,134,418 2,280,416 6,662,366 6,741,022  
Fuel oil 1,921,144 2,125,905 5,583,464 6,446,878  
Depreciation 1,502,469 1,416,861 4,378,495 4,228,960  
Maintenance 732,654 944,385 2,685,993 2,773,946  
Insurance 540,698 637,895 1,791,226 1,811,020  
Retail license royalties 488,962 461,770 1,640,448 1,498,859  
Other 897,898 927,492 2,624,699 2,635,621  
Total cost of revenue 22,172,797 21,755,899 64,340,989 68,426,210  
Employee costs 3,830,842 3,638,189 11,975,383 10,760,425  
Professional fees 1,004,060 898,818 2,925,992 2,283,535  
Insurance 514,561 558,598 1,584,121 1,578,875  
Depreciation and amortization 216,480 216,373 650,817 656,935  
Other 1,652,779 1,643,991 5,386,606 4,846,522  
Total general and administrative expenses 7,218,722 6,955,969 22,522,919 20,126,292  
Cash and cash equivalents 123,554,648   123,554,648   $ 99,350,121
Accounts receivable, net 28,996,834   28,996,834   39,580,982
Inventory, current and non-current 10,161,081   10,161,081   14,299,311
Contract assets 6,731,861   6,731,861   4,470,243
Property, plant and equipment, net 55,553,056   55,553,056   52,432,282
Construction in progress 5,210,534   5,210,534   5,143,717
Intangibles, net 2,204,536   2,204,536   2,696,815
Goodwill 12,861,404   12,861,404   12,861,404
Total segment assets 257,097,724   257,097,724   243,040,696
Assets of discontinued operations 136,928   136,928   272,485
Total assets 257,234,652   257,234,652   243,313,181
Retail          
Segment information          
Revenue 7,770,344 7,585,992 25,819,712 24,392,814  
Cost of revenue 3,447,262 3,606,944 10,929,083 10,828,421  
Gross profit 4,323,082 3,979,048 14,890,629 13,564,393  
General and administrative expenses 952,102 787,403 2,726,531 2,335,807  
Gain on asset dispositions and impairments, net 6,600 8,796 37,416 2,666  
Income (loss) from operations 3,377,580 3,200,441 12,201,514 11,231,252  
Interest income 45,787 48,945 123,702 156,362  
Interest expense   (31,123)   (93,369)  
Other 19,797 20,046 55,500 56,324  
Other income (loss), net 65,584 37,868 179,202 119,317  
Income (loss) before income taxes 3,443,164 3,238,309 12,380,716 11,350,569  
Net income (loss) from continuing operations 3,443,164 3,238,309 12,380,716 11,350,569  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 3,443,164 3,238,309 12,380,716 11,350,569  
Employee costs 752,990 744,844 2,272,261 2,199,019  
Electricity 1,068,659 1,191,856 3,398,245 3,652,656  
Depreciation 626,525 611,573 1,861,706 1,828,300  
Maintenance 144,331 287,891 685,176 672,865  
Insurance 188,443 173,551 534,633 514,191  
Retail license royalties 488,962 461,770 1,640,448 1,498,859  
Other 177,352 135,459 536,614 462,531  
Total cost of revenue 3,447,262 3,606,944 10,929,083 10,828,421  
Employee costs 417,321 364,182 1,188,916 1,100,764  
Professional fees 20,491 29,880 47,940 75,362  
Insurance 104,394 124,299 313,242 310,836  
Depreciation and amortization 10,460 9,595 31,308 27,437  
Other 399,436 259,447 1,145,125 821,408  
Total general and administrative expenses 952,102 787,403 2,726,531 2,335,807  
Cash and cash equivalents 13,811,367   13,811,367   19,167,484
Accounts receivable, net 2,803,608   2,803,608   3,223,190
Inventory, current and non-current 3,509,239   3,509,239   3,437,771
Property, plant and equipment, net 32,242,134   32,242,134   31,689,586
Construction in progress 937,927   937,927   1,951,559
Goodwill 1,170,511   1,170,511   1,170,511
Total segment assets 56,837,257   56,837,257   62,994,011
Bulk          
Segment information          
Revenue 8,394,614 8,767,168 25,081,146 25,557,220  
Cost of revenue 5,484,613 5,969,292 16,807,609 17,632,010  
Gross profit 2,910,001 2,797,876 8,273,537 7,925,210  
General and administrative expenses 267,292 381,230 1,008,123 1,088,639  
Income (loss) from operations 2,642,709 2,416,646 7,265,414 6,836,571  
Interest income 190,772 204,807 622,345 622,520  
Other 3,651 36,379 25,526 48,807  
Other income (loss), net 194,423 241,186 647,871 671,327  
Income (loss) before income taxes 2,837,132 2,657,832 7,913,285 7,507,898  
Net income (loss) from continuing operations 2,837,132 2,657,832 7,913,285 7,507,898  
Income from continuing operations attributable to non-controlling interests 175,936 156,784 470,741 448,724  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 2,661,196 2,501,048 7,442,544 7,059,174  
Employee costs 510,286 495,717 1,571,674 1,538,671  
Electricity 1,021,140 1,051,352 3,128,782 2,890,194  
Fuel oil 1,921,144 2,125,905 5,583,464 6,446,878  
Depreciation 709,512 675,404 2,091,347 2,005,305  
Maintenance 407,705 463,373 1,446,647 1,528,524  
Insurance 311,651 453,106 1,168,427 1,271,807  
Other 603,175 704,435 1,817,268 1,950,631  
Total cost of revenue 5,484,613 5,969,292 16,807,609 17,632,010  
Employee costs 90,065 87,966 268,946 263,038  
Professional fees 44,018 38,109 84,870 79,408  
Insurance 97,796 97,179 291,623 282,481  
Depreciation and amortization 4,761 6,260 15,179 19,737  
Other 30,652 151,716 347,505 443,975  
Total general and administrative expenses 267,292 381,230 1,008,123 1,088,639  
Cash and cash equivalents 34,434,833   34,434,833   13,339,206
Accounts receivable, net 17,011,930   17,011,930   28,807,257
Inventory, current and non-current 5,104,409   5,104,409   4,865,117
Property, plant and equipment, net 16,992,299   16,992,299   18,093,155
Construction in progress 4,268,056   4,268,056   2,480,999
Goodwill 1,948,875   1,948,875   1,948,875
Total segment assets 81,343,368   81,343,368   71,743,161
Services          
Segment information          
Revenue 14,289,315 12,677,837 35,815,785 42,017,917  
Cost of revenue 10,444,894 9,409,325 26,563,654 30,536,801  
Gross profit 3,844,421 3,268,512 9,252,131 11,481,116  
General and administrative expenses 1,955,186 1,469,845 6,143,566 4,264,323  
Gain on asset dispositions and impairments, net 22,495   52,131 3,000  
Income (loss) from operations 1,911,730 1,798,667 3,160,696 7,219,793  
Interest income 175,407 139,822 580,061 329,649  
Interest expense (901) (1,634) (3,614) (6,327)  
Other 70,998 89 69,038 700  
Other income (loss), net 245,504 138,277 645,485 324,022  
Income (loss) before income taxes 2,157,234 1,936,944 3,806,181 7,543,815  
Provision for income taxes 492,401 255,534 870,688 1,627,258  
Net income (loss) from continuing operations 1,664,833 1,681,410 2,935,493 5,916,557  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 1,664,833 1,681,410 2,935,493 5,916,557  
Subcontractor and other project costs 5,973,677 4,875,016 13,064,351 16,889,209  
Employee costs 4,103,148 4,232,268 12,533,716 12,716,853  
Electricity 33,870 30,552 102,226 175,353  
Depreciation 120,627 90,015 304,320 275,793  
Maintenance 80,289 105,387 286,483 316,481  
Insurance 40,604 11,238 88,166 25,022  
Other 92,679 64,849 184,392 138,090  
Total cost of revenue 10,444,894 9,409,325 26,563,654 30,536,801  
Employee costs 1,171,174 852,656 3,463,647 2,426,917  
Professional fees 175,517 141,749 691,610 390,744  
Insurance 53,031 63,652 124,356 179,354  
Depreciation and amortization 157,607 157,315 474,402 474,837  
Other 397,857 254,473 1,389,551 792,471  
Total general and administrative expenses 1,955,186 1,469,845 6,143,566 4,264,323  
Cash and cash equivalents 42,225,132   42,225,132   34,181,902
Accounts receivable, net 7,154,835   7,154,835   6,593,276
Inventory, current and non-current         167,856
Contract assets 2,458,141   2,458,141   1,204,522
Property, plant and equipment, net 1,739,687   1,739,687   858,352
Intangibles, net 1,706,757   1,706,757   2,129,037
Goodwill 7,756,807   7,756,807   7,756,807
Total segment assets 66,447,339   66,447,339   56,792,772
Manufacturing          
Segment information          
Revenue 4,664,433 4,359,560 15,708,527 13,591,154  
Cost of revenue 2,796,028 2,770,338 10,040,643 9,428,978  
Gross profit 1,868,405 1,589,222 5,667,884 4,162,176  
General and administrative expenses 459,038 745,418 1,653,668 1,930,706  
Gain on asset dispositions and impairments, net 5,000   5,000    
Income (loss) from operations 1,414,367 843,804 4,019,216 2,231,470  
Interest income 1 1 3 3  
Income (loss) from affiliates (935)   (35,198)    
Other 90 90 254 11,866  
Other income (loss), net (844) 91 (34,941) 11,869  
Income (loss) before income taxes 1,413,523 843,895 3,984,275 2,243,339  
Provision for income taxes 334,608 234,675 962,245 548,580  
Net income (loss) from continuing operations 1,078,915 609,220 3,022,030 1,694,759  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 1,078,915 609,220 3,022,030 1,694,759  
Subcontractor and other project costs 1,958,385 2,103,943 7,678,086 7,412,469  
Employee costs 656,068 509,387 1,854,210 1,533,683  
Electricity 10,749 6,656 33,113 22,819  
Depreciation 45,805 39,869 121,122 119,562  
Maintenance 100,329 87,734 267,687 256,076  
Other 24,692 22,749 86,425 84,369  
Total cost of revenue 2,796,028 2,770,338 10,040,643 9,428,978  
Employee costs 311,471 347,001 950,038 959,747  
Professional fees 17,940 63,887 109,654 99,249  
Insurance 43,304 52,459 202,864 166,878  
Depreciation and amortization 27,048 25,906 79,286 77,768  
Other 59,275 256,165 311,826 627,064  
Total general and administrative expenses 459,038 745,418 1,653,668 1,930,706  
Cash and cash equivalents 6,327,391   6,327,391   4,768,376
Accounts receivable, net 2,015,722   2,015,722   946,846
Inventory, current and non-current 1,547,433   1,547,433   5,828,567
Contract assets 4,273,720   4,273,720   3,265,721
Property, plant and equipment, net 4,375,782   4,375,782   1,601,501
Construction in progress 4,551   4,551   711,159
Intangibles, net 497,779   497,779   567,778
Goodwill 1,985,211   1,985,211   1,985,211
Total segment assets 21,528,556   21,528,556   20,095,648
Corporate          
Segment information          
General and administrative expenses 3,585,104 3,572,073 10,991,031 10,506,817  
Gain on asset dispositions and impairments, net   192,786   192,786  
Income (loss) from operations (3,585,104) (3,379,287) (10,991,031) (10,314,031)  
Interest income 225,565 233,226 685,003 233,263  
Interest expense   (44)   (44)  
Income (loss) from affiliates 81,249 73,620 198,265 199,983  
Other (254) (184) (585) 913  
Other income (loss), net 306,560 306,618 882,683 434,115  
Income (loss) before income taxes (3,278,544) (3,072,669) (10,108,348) (9,879,916)  
Net income (loss) from continuing operations (3,278,544) (3,072,669) (10,108,348) (9,879,916)  
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders (3,278,544) (3,072,669) (10,108,348) (9,879,916)  
Employee costs 1,840,811 1,986,384 6,103,836 6,009,959  
Professional fees 746,094 625,193 1,991,918 1,638,772  
Insurance 216,036 221,009 652,036 639,326  
Depreciation and amortization 16,604 17,297 50,642 57,156  
Other 765,559 722,190 2,192,599 2,161,604  
Total general and administrative expenses 3,585,104 $ 3,572,073 10,991,031 $ 10,506,817  
Cash and cash equivalents 26,755,925   26,755,925   27,893,153
Accounts receivable, net 10,739   10,739   10,413
Property, plant and equipment, net 203,154   203,154   189,688
Total segment assets $ 30,941,204   $ 30,941,204   $ 31,415,104