NASSAU, BAHAMAS- CW-Bahamas’ accounts receivable balances — which include accrued interest — due from the Water and Sewerage Corporation (WSC) stood at $29.3 million as of June 30, 2025, compared to $28.4 million at December 31, 2024. Approximately 81 percent of the accounts receivable balances were delinquent at both dates.
The company noted that, from time to time, it has experienced delays in collecting receivables from the WSC, and that during such periods it holds discussions and meetings with representatives of the WSC and the government of The Bahamas. “All previous delinquent accounts receivable from the WSC, including accrued interest thereon, were eventually paid in full,” CW-Bahamas stated, adding that based on this payment history, no material allowance for credit losses had been provided as of June 30, 2025.
CW-Bahamas supplies the WSC under two long-term contracts — the Blue Hills contract, which expires in 2032 and requires delivery of 63 million gallons of water per week, and the Windsor contract, which expires in 2033 and requires delivery of 16.8 million gallons per week. The company confirmed it has been in compliance with these supply guarantees since the contracts began.
Bulk segment revenue was $8,274,816 for the first half of 2025, compared to $8,447,958 in 2024. The decline was attributed to lower diesel fuel prices, which reduced the pass-through energy component of CW-Bahamas’ rates. Accounts receivable increased by about $2.4 million, primarily due to a $1.5 million rise in the manufacturing segment and an $876,000 increase for CW-Bahamas.
Parent company Consolidated Water Co. Ltd. reported second quarter 2025 total revenue of $33.6 million, up 3 percent year-over-year. Net income from continuing operations attributable to stockholders was $5.2 million, or $0.32 per diluted share, compared to $4.2 million, or $0.26 per diluted share, in the prior-year quarter.
