‌Exhibit 99.1

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Consolidated Water Reports First Quarter 2025 Results

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GEORGE TOWN, Grand Cayman, Cayman Islands, May 12, 2025 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the quarter ended March 31, 2025. All comparisons are to the same prior year period unless otherwise noted.

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Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below).

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First Quarter 2025 Financial Summary

First Quarter Operational Highlights

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Management Commentary

“Our retail, bulk and manufacturing business segments generated meaningful growth and profitability during the first quarter,” commented Consolidated Water CEO, Rick McTaggart. “Our Services segment revenue was comparatively lower versus the same year ago quarter due to the completion of two major design-build projects in the second quarter of last year.”

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“The decrease in construction services revenue was partially offset by a 9% or $626,000 increase in revenue from our operations and maintenance (O&M) contracts for customer facilities in the Western U.S. The growth in O&M revenue in dollar terms was generated about evenly between our PERC Water subsidiary operating in California and Arizona, and REC, our newer acquisition, servicing customers in Colorado. The growth of these units underscores our ability to successfully acquire and scale operating businesses, particularly those that generate recurring revenue.

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“Our retail and manufacturing segments also produced significant growth. Retail water sales in our exclusive utility service area on Grand Cayman reflected stronger volumes of water sold. This improvement was due to ongoing population growth and increased business activity within our service area.

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“Manufacturing segment revenue increased 10% and its operating income increased by about 44% due to higher production activity and a favorable shift in product mix to higher margin products. The revenue and gross profit generated in our Caribbean-based bulk water segment was up marginally but basically consistent, reflecting the long-term, stable income-generating nature of the businesses in this segment.

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“We recently achieved a major milestone for our $204 million project to design, construct, operate and maintain a 1.7 million gallon per day seawater desalination plant in Hawaii. The Honolulu Board of Water Supply, our client for the multi-year project, approved our pilot test reports and recommendations. The board concluded that the desalinated water we produced during the piloting phase is a reasonable match to their existing water supply. They also concluded that the desalinated water from the new plant would not cause any detrimental impact to their distribution pipes or customer assets.

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“This approval milestone helps pave the way to begin construction after we obtain the various permits. We now expect to begin the construction of this project early next year once all permits have been received and the client issues a notice to proceed with construction.

“Aside from this major project, we anticipate our design/build services revenue to improve in the second half of this year, as three smaller projects currently under contract or nearing final contract stage and set to begin construction. We expect the combined value of these three projects to be approximately $20 million.
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“Looking ahead, we are confident in our ability to deliver consistent, long-term revenue and profit growth. Our positive outlook is supported by strong retail water sales growth in Grand Cayman, stable recurring revenue from our Caribbean bulk water operations, our design/build activity (especially the Hawaii project), and the continued positive momentum in our manufacturing segment.”

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Q1 2025 Financial Results

Revenue totaled $33.7 million, declining 15% from $39.7 million in the first quarter of 2024. The decrease was due to a decrease of $7.3 million in the services segment. This decrease was partially offset by increases of $786,000 in the retail segment, $70,000 in the bulk segment and $509,000 in the manufacturing segment.

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Retail revenue increased due to a 13% increase in the volume of water sold.

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The increase in bulk segment revenue was partly due to the revenue generated by the commencement on May 1, 2024, of the operations and maintenance contract for the new Red Gate II desalination plant on Grand Cayman. The increase also was due to additional revenue generated by the amendment of the company’s North Sound contract which also became effective on May 1, 2024. These increased contract revenue on Grand Cayman was partially offset by a decline in energy-related revenue in the Bahamas operations.

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The decrease in services segment revenue was due to plant construction revenue decreasing from $9.2 million in the first quarter of 2024 to $2.2 million in the first quarter of 2025 as a result of two construction projects that were completed in the second quarter of 2024. The construction revenue in 2024 included $4.8 million generated from PERC’s contract with Liberty Utilities.

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Revenue generated under operations and maintenance contracts totaled $7.7 million in the first quarter of 2025, an increase of 9% from the first quarter of 2024. The increase was a result of incremental revenue generated by both PERC and REC.

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Manufacturing segment revenue increased by $509,000 to $5.8 million as compared to $5.3 million in the first quarter of 2024.

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Gross profit for 2025 was $12.3 million (36.5% of total revenue), as compared to $13.9 million (35.0% of total revenue) in the first quarter of 2024. The decrease was due to a decrease in service segment gross profit of $2.7 million as a result of the decrease in construction revenue. This was partially offset by an increase in gross profit for the retail, bulk and manufacturing segments.

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Net income from continuing operations attributable to Consolidated Water stockholders for the first quarter of 2025 was $4.9 million or $0.31 per diluted share, compared to net income of $6.9 million or $0.43 per diluted share in the first quarter of 2024.

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Including discontinued operations, net income attributable to Consolidated Water stockholders for the first quarter of 2025 was $4.8 million or $0.30 per diluted share, compared to net income of $6.5 million or $0.40 per diluted share in the first quarter of 2024.

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Cash and cash equivalents totaled $107.9 million as of March 31, 2025, with working capital of $136.2 million, debt of $0.2 million, and stockholders’ equity of $213.3 million.

First Quarter 2025 Segment Results
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The following table presents the company’s revenue disaggregated by revenue source.
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Services revenue consists of the following:
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Annual General Meeting of Shareholders

The company has set May 27, 2025 as the date of its Annual General Meeting of Shareholders to be held at 3:00 p.m. Cayman Islands time (4:00 p.m. EDT) at the Westin Grand Cayman Seven Mile Beach Resort & Spa, Seven Mile Beach, Grand Cayman, Cayman Islands. Holders of record of the company’s stock as of March 28, 2025 will be entitled to vote at the meeting.

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Conference Call

Consolidated Water management will host a conference call tomorrow to discuss these results, followed by a question-and-answer period.

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Date: Tuesday, May 13, 2025

Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)

Toll-free dial-in number: 1-844-875-6913

International dial-in number: 1-412-317-6709

Conference ID: 6378486

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Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you require any assistance connecting with the call, please contact CMA at 1-949-432-7566.

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A replay of the call will be available after 1:00 p.m. Eastern time on the same day through May 20, 2025, as well as available for replay via the Investors section of the Consolidated Water website at www.cwco.com.

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Toll-free replay number: 1-877-344-7529

International replay number: 1-412-317-0088

Replay ID: 6378486

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About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company recently entered the U.S. desalination market with a contract to design, construct, operate and maintain a seawater desalination plant in Hawaii.
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The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.

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For more information, visit cwco.com.

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Cautionary Note Regarding Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the marketplace; (ii) changes in its relationships with the governments of the jurisdictions in which it operates; (iii) the outcome of its negotiations with the Cayman government regarding a new retail license agreement; (iv) the collection of its delinquent accounts receivable in the Bahamas; and (v) various other risks such as economic, operational, and industry-specific risks, as detailed in the company's periodic report filings with the Securities and Exchange Commission (“SEC”). For more information about risks and uncertainties associated with the company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the company’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the company’s Secretary at the company’s executive offices or at the “Investors – SEC Filings” page of the company’s website at ir.cwco.com/docs. Except as otherwise required by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact
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Investor & Media Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact
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CONSOLIDATED WATER CO. LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED WATER CO. LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

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