CLWT

HONG KONG, April 30, 2026 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2025 ("Fiscal 2025"). The Company had net income of US$157,000 in Fiscal 2025, as compared to US$734,000 for the fiscal year ended December 31, 2024 ("Fiscal 2024"). The decrease was primarily attributable to a decline in revenue from trading activities and a corresponding reduction in gross profit margin during the period. The Company's revenues for Fiscal 2025 were US$13,265,000, a 13.8% decrease compared to US$15,383,000 for Fiscal 2024. The decrease in revenue was primarily attributable to decrease in revenue from trading activities, particularly lowered sales of US products to China following US tariffs and Chinese retaliatory measures. Gross profits decreased by 17.5% to US$3,674,000 for Fiscal 2025 as compared to US$4,454,000 for Fiscal 2024. The decrease was principally due to decrease in revenue. Selling and administrative expenses slightly decreased by 3.9% to US$3,907,000 for Fiscal 2025 as compared to US$4,067,000 for Fiscal 2024 because of controls over expenses. Mr. David Leung, CEO of the company commented, "Building on the momentum from the delayed completion of sales orders, we secured and consolidated a positive result with lesser net income in Fiscal 2025. Notwithstanding the U.S. tariff issue, our sales orders for the trading business maintained results comparable to those of 2024 still. This is somehow caused a substantial drop in revenue and net income. However, in engineering, we are delighted that we anticipated double-digit growth in sales orders for Fiscal 2025, which has compensated for the drop in sales order for US products sold to China. Looking to 2026, we expect to generate further business growth in industrial wastewater engineering from one of the key high-growth markets based on our current sales leads, such as pharmaceuticals, energy, mining, and data centers. Seeking new local partners to secure long-term after-sales support is essential, such as the EU and ASEAN countries. Meanwhile, the retrofit BWTS market for ships is maturing worldwide, and we are going to focus on new ships market as well as port BWT solutions at multiple locations will create new demand, as shipowners may still encounter water discharge issues to the ocean due to system defects or ch...

HONG KONG, Dec. 30, 2025 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its unaudited financial results for the six months ended June 30, 2025. The Company's revenue for the six months ended June 30, 2025 ("1H 2025") were US$5,888,000, a 18.9% decrease as compared to US$7,259,000 for the six months ended June 30, 2024 ("1H 2024"). Revenue from trading activities decreased significantly, primarily due to lowered sales of U.S. products to China following U.S. tariffs and Chinese retaliatory measures. Gross profit decreased by 5.2% to US$1,697,000 for 1H 2025 as compared to US$1,790,000 for 1H 2024. The decrease was due to the decrease in revenue. However the gross profit margin % for 1H 2025 increased by 4.2% to 28.8% as compared to 24.6% for 1H 2024. General and administrative expenses decreased by US$102,000 to US$2,065,000 for 1H 2025 as compared to US$2,167,000 for 1H 2024. The Company's net loss for 1H 2025 was US$127,000 as compared to net income of US$44,000 for 1H 2024 resulting from decrease in revenue and equity in income of affiliate. Mr. David Leung, CEO of the company commented, "Despite the challenging business environment, we have seen a remarkable increase in sales orders, achieving double-digit growth in the first half of the year. This growth is primarily driven by heightened engineering activities in water and wastewater treatment ("WWT"), although the delivery timelines will be extended until the end of this year or early next year. Recently, we have also secured additional purchase orders from international markets, including Mongolia, Norway, and Dubai, for both WWT and ballast water treatment systems ("BWTS"). In the coming days, we intend to diversify our sales channels and explore new product applications in high-growth regions and industries to further leverage this momentum." About BWTS BWTS are an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO's Ballast Water Management...

HONG KONG, April 30, 2025 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2024 ("Fiscal 2024"). The Company had net income of US$734,000 in Fiscal 2024, as compared to US$1,828,000 for the fiscal year ended December 31, 2023 ("Fiscal 2023"). There was an exceptional increase in equity in income of affiliates in Fiscal 2023 arising from the disposal of 2 desulfurization treatment plants for a "Build-operate-transfer" project, which contributed approximately US$1,450,000 to the Company's net income of Fiscal 2023. The Company's net income had a substantial increase if the non-recurrent profit is excluded. The Company's revenues for Fiscal 2024 were US$15,383,000, an approximate 14.3% decrease compared to US$17,940,000 for Fiscal 2023. The decrease in revenue was mainly a result of substantial drop in sales of high value analytical instruments to Hong Kong Government. Gross profits increased by 15.4% to US$4,454,000 for Fiscal 2024 as compared to approximately US$3,861,000 for Fiscal 2023. The increase was principally due to decrease in sales of high value analytical instruments of lower gross profit % and increase in revenue of Ballast Water Treatment Systems ("BWTS") of higher gross profit margin. Selling and administrative expenses slightly decreased by 0.9% to approximately US$4,067,000 for Fiscal 2024 as compared to approximately US$4,103,000 for Fiscal 2023. Mr. David Leung, CEO of the company commented, "In 2024, the company's performance has remained stable despite a challenging economic landscape. We have maintained stable growth overall for BWTS. However, our Wastewater Treatment ("WWT") business continues to struggle due to the industrial sector being impacted by declines in foreign investment. Looking ahead, even though economic challenges still exist, we are confident in our ability to develop the company. We see market potential for using mobile port BWT systems and related shore-based water solutions because of certain maritime cities experiencing high traffic congestion and a demand for using port BWT as emergency and rapid solutions. Additionally, more maritime countries will soon launch stricter environmental regulations to protect their coastlines, which will benefit us in promoting clean water solutions, such as ballast water, industrial wastewater...