Consolidated Water Co Ltd-A 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period ended March31,2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period from ___________ to___________ Commission File Number: 0-25248 CONSOLIDATED WATER CO.LTD.(Exact name of registrant as specified in its charter) CAYMAN ISLANDS98-0619652 (I.R.S. Employer Identification No.) (345) 945-4277(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: The Nasdaq Global Select Market Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler,smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”,“accelerated filer”, “smaller reporting company”, and “emerging growth company”in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒ Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct)Yes☐No☒ TABLE OF CONTENTS PART IFINANCIAL INFORMATION4Item 1Financial Statements4Condensed Consolidated Balance Sheets as of March 31, 2026(Unaudited) and December31, 20254Condensed Consolidated Statements of Income (Unaudited) for the ThreeMonths Ended March 31, 2026 and 20255Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)for the Three Months Ended March 31, 2026 and 20256Condensed Consolidated Statements of Cash Flows (Unaudited) for theThree Months Ended March 31, 2026 and 20257Notes to Condensed Consolidated Financial Statements (Unaudited)8Item 2Management’s Discussion and Analysis of Financial Condition and Resultsof Operations22Item 3Quantitative and Qualitative Disclosures about Market Risk31Item 4Controls and Procedures31PART IIOTHER INFORMATION31Item 1ARisk Factors31Item 2Unregistered Sales of Equity Securities and Use of Proceeds33Item 5Other Information33Item 6Exhibits34SIGNATURES35 Table of Contents Note Regarding Currency and Exchange Rates Unless otherwise indicated, all references to “$” or “US$” are to United States dollars. The exchange rate for conversion of Cayman Island dollars (CI$) into US$, as determined by the CaymanIslands Monetary Authority, has been fixed since April1974 at US$1.20 per CI$1.00. The exchange rate for conversion of Bahamas dollars (B$) into US$, as determined by the Central Bank ofThe Bahamas, has been fixed since 1973 at US$1.00 per B$1.00. The official currency of the British Virgin Islands is the US$. PARTI- FINANCIAL INFORMATION ITEM1. FINANCIAL STATEMENTS CONSOLIDATED WATER CO.LTD.CONDENSED CONSOLIDATED BALANCE SHEETS CONSOLIDATED WATER CO.LTD.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(UNAUDITED) CONSOLIDATED WATER CO.LTD.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY(UNAUDITED) CONSOLIDATED WATER CO.LTD.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) CONSOLIDATED WATER CO.LTD.NOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1. Principal activity Consolidated Water Co. Ltd. and its subsidiaries (collectively, the “Company”) supply potable water, treatwastewater and water for reuse, and provide water-related products and services to customers in theCayman Islands, The Bahamas, the United States and the British Virgin Islands. The Company producespotable water from seawater using reverse osmosis technology and sells this water to a variety ofcustomers,including public utilities,commercial and tourist properties,residential properties andgovernment facilities. The Company designs, constructs and sells water production and water treatmentinfrastructureand manages water infrastructure for commercial and governmental customers.TheCompany also manufactures a wide range of specialized and custom water industry related products andprovides design, engineering, operating and other services applicable to commercial, mu