Filing Analysis
Consolidated Water Co. Ltd. has filed an 8-K to announce its second quarter earnings results for the period ended June 30, 2026.
📋 Key Facts
- The filing is a standard announcement of quarterly results (Item 2.02).
- Reporting period: Second Quarter ended June 30, 2026.
- Filing date: August 10, 2026.
Consolidated Water Co. Ltd. announced two significant contract developments: a Limited Notice to Proceed for $6 million in equipment for a Hawaii desalination facility and new purchase orders totaling $10.1 million from a Florida municipality.
📋 Key Facts
- Received Limited Notice to Proceed from the Board of Water Supply of the City and County of Honolulu, Hawaii.
- The Hawaii project involves procurement of approximately $6 million in long-lead equipment for the Kalaeloa seawater reverse osmosis desalination facility.
- Received purchase orders totaling approximately $10.1 million from a municipality on Florida's east coast.
- Florida orders are specifically for nanofiltration membrane water treatment equipment and horizontal cartridge filters.
Consolidated Water Co. Ltd. has filed its Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies following shareholder approval on June 1, 2026.
📋 Key Facts
- Shareholders approved an increase in authorized share capital from CI$12.5 million to CI$25 million at the Annual General Meeting on June 1, 2026.
- The increase involves expanding ordinary shares from 24,800,000 to 49,800,000 and maintaining 200,000 Redeemable Preference Shares.
- Amendments include new authority for the company to purchase its own shares and hold them as treasury shares.
- The amendments became effective upon filing with the Registrar of Companies on June 30, 2026.
Consolidated Water Co. Ltd. has entered into a new 25-year water production and distribution license with the Utility Regulation and Competition Office (OfReg) in the Cayman Islands, effective August 1, 2026. While providing long-term regulatory certainty, the new rate structure is expected to reduce revenues compared to historical levels.
🚩 Red Flags
- Revenue compression: The transition from the previous rate structure to the new OfReg-mandated rates is expected to result in significant year-over-year revenue decreases for past and current periods.
- Regulatory risk: The license can be revoked or modified by OfReg for various reasons, including failure to meet demand or insolvency events.
📋 Key Facts
- New license term: 25 years starting August 1, 2026.
- The license grants exclusive rights to produce and distribute potable water in the License Area (Seven Mile Beach and West Bay).
- New rate structure includes base rates for residential, commercial, public authority, and trucked water consumers.
- Includes an efficiency-based mechanism for recovering electricity costs via a separate charge.
- Estimated revenue impact: Pro forma estimates suggest revenues would have been ~$2.1M lower in 2024, ~$1.9M lower in 2025, and ~$0.6M lower in Q1 2026 under the new rates compared to historical structures.
Consolidated Water Co. Ltd. has filed an 8-K to furnish its third quarter 2025 results of operations press release. This is a routine earnings announcement filing.
📋 Key Facts
- The company issued a press release on November 10, 2025, regarding Q3 2025 financial results.
- The reporting period covered is the third quarter ended September 30, 2025.
- Information was furnished under General Instruction B.2 of Form 8-K and is not considered 'filed' for purposes of Section 18.
Consolidated Water Co. Ltd. announced an expansion of its Board of Directors, increasing the size from eight to 11 members. The company appointed three new directors: Kim Adamson, Maria Elena Giner, and Gerónimo Gutiérrez Fernández.
📋 Key Facts
- Board size increased from 8 to 11 members.
- Three new directors appointed: Kim Adamson, Maria Elena Giner, and Gerónimo Gutiérrez Fernández.
- Newly appointed directors will serve until their successors are elected or until death, resignation, or removal.
- Committee appointments for the new directors have not yet been determined.
Consolidated Water Co. Ltd. has filed an 8-K to announce its second quarter 2025 results of operations via a press release.
📋 Key Facts
- The filing pertains to the second quarter ended June 30, 2025.
- Results were announced via a press release issued on August 11, 2025.
- Information is furnished under General Instruction B.2 and is not considered 'filed' for purposes of Section 18.
Consolidated Water Co. Ltd. held its Annual General Meeting of Shareholders on May 27, 2025. The meeting resulted in the election of eight directors and the approval of executive compensation and the appointment of CBIZ CPAs P.C. as independent auditors.
📋 Key Facts
- Annual General Meeting held on May 27, 2025.
- Eight directors were elected to serve until the 2026 AGM: Linda Beidler-D’Aguilar, Brian E. Butler, Carson K. Ebanks, Clarence B. Flowers, Jr., Frederick W. McTaggart, Wilmer F. Pergande, Leonard J. Sokolow, and Raymond Whittaker.
- Non-binding advisory vote on executive compensation was approved with 9,132,313 votes 'For'.
- Ratification of CBIZ CPAs P.C. as the independent registered public accounting firm for fiscal year ending Dec 31, 2025, was approved.
Consolidated Water Co. Ltd. amended the employment agreement for its Vice President of Finance, Douglas Vizzini. The amendment modifies termination provisions to allow the company to terminate his contract with three months' notice and a severance package equal to 100% of his base salary.
🚩 Red Flags
- Modification of termination provisions often precedes an executive departure, though no immediate exit is announced.
📋 Key Facts
- Amendment to employment agreement dated May 27, 2025.
- Douglas Vizzini serves as VP of Finance and Assistant Company Secretary.
- Company now has the option to terminate with three (3) months' notice.
- Severance package defined as the greater of applicable law requirements or 100% of current base salary.
Consolidated Water Co. Ltd. has filed an 8-K to announce its quarterly results of operations for the first quarter ended March 31, 2025.
📋 Key Facts
- The filing is a standard announcement of Q1 2025 financial results.
- Results were announced via press release on May 12, 2025.
- Information was furnished pursuant to General Instruction B.2 of Form 8-K.
Consolidated Water Co. Ltd. announced the resignation of its independent auditor, Marcum LLP, and the immediate appointment of CBIZ CPAs P.C. as its new auditor for the fiscal year ending December 31, 2025.
🚩 Red Flags
- Auditor change (Marcum LLP resigned).
- Reportable event: Adverse opinion on internal control over financial reporting as of Dec 31, 2024.
- Material weakness identified in information technology general controls (though remediation is claimed).
📋 Key Facts
- Marcum LLP resigned as the Company's independent registered accounting firm effective April 7, 2025.
- CBIZ CPAs P.C. was engaged as the new independent auditor, effective immediately.
- The company reported no disagreements with Marcum regarding accounting principles or auditing procedures.
- A reportable event was disclosed: an adverse opinion on internal control over financial reporting as of December 31, 2024, due to ineffective information technology general controls.
- The IT deficiency was reportedly remediated as of November 1, 2024, but lacked sufficient time to demonstrate operating effectiveness for the year-end audit.
Consolidated Water Co. Ltd. has issued a press release announcing its financial results for the fiscal year ended December 31, 2024.
📋 Key Facts
- The filing is an announcement of annual results of operations and financial condition.
- Reporting period: Year ended December 31, 2024.
- Announcement date: March 17, 2025.
Consolidated Water Co. Ltd. has secured a new water production and supply concession from the Cayman Islands Cabinet, which maintains existing 1990 License terms (including a 7.5% royalty) until a formal retail license is issued by OfReg. This agreement provides critical short-term stability following years of regulatory uncertainty regarding the company's operating rights.
🚩 Red Flags
- Ongoing regulatory risk: The final terms of the permanent retail license from OfReg remain unknown and could significantly reduce operating income/cash flows.
- Potential for asset impairment: Management noted that unfavorable license terms could require recording significant impairment losses on retail segment assets.
📋 Key Facts
- The Cabinet of the Cayman Islands issued a new water production and supply concession on February 18, 2025.
- The concession grants Cayman Water Company Limited exclusive rights to produce/supply potable water in its service area (Seven Mile Beach and West Bay).
- Current terms honor the 1990 License, including a royalty rate of 7.5% of revenue.
- The agreement is interim; it remains in effect until a new retail license is granted by OfReg.
- Failure to pay royalties within 30 days or other breaches may result in termination of the concession.
Consolidated Water Co. Ltd. has issued an 8-K to announce its third quarter 2024 results of operations for the period ended September 30, 2024.
📋 Key Facts
- The filing was made on November 15, 2024, regarding events occurring on November 14, 2024.
- The company released its Q3 2024 results via press release (Exhibit 99.1).
- Information is furnished under General Instruction B.2 and is not considered 'filed' for purposes of Section 18.
Consolidated Water Co. Ltd. issued an 8-K to announce its second quarter 2024 results of operations via a press release.
📋 Key Facts
- The filing was made on August 15, 2024, regarding events occurring on August 14, 2024.
- The company released its financial results for the second quarter ended June 30, 2024.
- Results were furnished via Exhibit 99.1 in accordance with General Instruction B.2.
Consolidated Water Co. Ltd. reported the results of its reconvened 2024 Annual General Meeting held on June 24, 2024. The meeting was specifically called to vote on Proposal 1 regarding the election of eight directors.
📋 Key Facts
- The Annual Meeting was partially adjourned from May 28, 2024, to June 24, 2024, specifically for voting on director elections.
- Eight nominees were elected to serve until the 2025 Annual General Meeting of Shareholders.
- All eight nominees (Linda Beidler-D’Aguilar, Brian E. Butler, Carson K. Ebanks, Clarence B. Flowers, Jr., Frederick W. McTaggart, Wilmer F. Pergande, Leonard J. Sokolow, and Raymond Whittaker) were successfully elected.
- The company reported no broker non-votes in the election process.
Consolidated Water Co. Ltd. has entered into a settlement agreement with the Government of Baja California and a designated Trustee to resolve a long-standing legal dispute regarding a terminated desalination plant project in Mexico. The settlement involves the sale of land and project documentation, effectively ending an international arbitration case at ICSID.
🚩 Red Flags
- Resolution of a multi-year legal dispute involving international arbitration (ICSID) indicates significant historical litigation risk and capital tie-up in the region.
📋 Key Facts
- Settlement Date: May 29, 2024.
- The agreement resolves a dispute arising from the termination of an APP Contract dated August 22, 2016.
- The Trust will purchase land (20.1 hectares) from NSC for MXN$596,144,000 (~US$35.17 million).
- NSC originally acquired the land for approximately US$24.2 million starting in 2012.
- The BC Government will pay at least MXN$20,000,000 (~US$1.18 million) to NSC for project documentation.
- ICSID arbitration (Case No. ARB/22/6) was officially discontinued on May 31, 2024.
Consolidated Water Co. Ltd. held its 2024 Annual General Meeting of Shareholders on May 28, 2024. The meeting was partially adjourned to June 24, 2024, specifically to allow for additional voting time regarding the election of directors.
🚩 Red Flags
- Adjournment of the Annual Meeting to allow more time for voting on director elections suggests potential lack of quorum or insufficient votes reached during the initial meeting.
📋 Key Facts
- Annual Meeting held on May 28, 2024; Proposal 1 (Election of Directors) was adjourned to June 24, 2024.
- Proposal 2 (Non-Binding Advisory Vote on Executive Compensation) was approved with 7,665,968 votes 'For'.
- Proposal 3 (Ratification of Marcum LLP as independent auditor for FY2024) was approved with 12,458,946 votes 'For'.
- The reconvened meeting for Proposal 1 will take place at 10:00 a.m. EDT on June 24, 2024.
Consolidated Water Co. Ltd. issued an 8-K to announce its quarterly results of operations for the first quarter ended March 31, 2024.
📋 Key Facts
- The filing is a standard earnings announcement (Item 2.02).
- Reporting period: First Quarter ended March 31, 2024.
- Date of event: May 15, 2024.
- Information was furnished pursuant to General Instruction B.2 and is not considered 'filed' for purposes of Section 18.
Consolidated Water Co. Ltd. issued an 8-K to furnish its press release announcing the results of operations for the fiscal year ended December 31, 2023.
📋 Key Facts
- The filing is a routine announcement of annual financial results (FY 2023).
- Results were announced via press release on March 27, 2024.
- Information is 'furnished' rather than 'filed', meaning it is not incorporated by reference for liability purposes under Section 18.