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Euro Tech Holdings Co Ltd Financials

CLWT
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Euro Tech Holdings Co Ltd (CLWT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CLWT FY2024

Margin recovery and near-zero capital intensity restored cash generation even as FY2024 revenue stayed below prior highs.

FY2024 profit quality improved: net income of $845K was closely matched by operating cash flow of $781K. That is a cleaner conversion than FY2023, when earnings and cash diverged, and it happened even with lower sales because gross margin rebounded to 29.0% while SG&A stayed near $4.1M, pointing to better cost absorption and mix rather than scale.

The balance sheet looks conservatively financed: cash of $5.8M exceeded total liabilities of $4.0M, so day-to-day operations do not appear dependent on borrowing. A 2.3x current ratio and 0.3x debt-to-equity reinforce that liquidity is carrying the business, not leverage.

This is a cash-light operating model: operating cash flow of $781K turned into free cash flow of $776K, which implies maintenance reinvestment is minimal. That helps explain how the company could return $617K through dividends while still keeping a cash cushion larger than all liabilities.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Health Score 36/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Euro Tech Holdings Co Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
30

Euro Tech Holdings Co Ltd has an operating margin of -1.8%, meaning the company retains $-2 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 2.5% the prior year.

Growth
8

Euro Tech Holdings Co Ltd's revenue declined 13.8% year-over-year, from $15.4M to $13.3M. This contraction results in a growth score of 8/100.

Leverage
68

Euro Tech Holdings Co Ltd carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
57

Euro Tech Holdings Co Ltd's current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
21

While Euro Tech Holdings Co Ltd generated -$1.4M in operating cash flow, capex of $7K consumed most of it, leaving -$1.4M in free cash flow. This results in a low score of 21/100, reflecting heavy capital investment rather than weak cash generation.

Returns
30

Euro Tech Holdings Co Ltd's ROE of 1.1% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 5.4% the prior year.

Altman Z-Score Grey Zone
2.64

Euro Tech Holdings Co Ltd scores 2.64, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($11.2M) relative to total liabilities ($4.8M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
2/8

Euro Tech Holdings Co Ltd passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
-8.47x

For every $1 of reported earnings, Euro Tech Holdings Co Ltd generates $-8.47 in operating cash flow (-$1.4M OCF vs $167K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$13.3M
YoY-13.8%
5Y CAGR-0.1%
10Y CAGR-3.2%

Euro Tech Holdings Co Ltd generated $13.3M in revenue in fiscal year 2025. This represents a decrease of 13.8% from the prior year.

EBITDA
-$224K
YoY-156.0%

Euro Tech Holdings Co Ltd's EBITDA was -$224K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 156.0% from the prior year.

Net Income
$167K
YoY-80.2%
5Y CAGR-26.3%

Euro Tech Holdings Co Ltd reported $167K in net income in fiscal year 2025. This represents a decrease of 80.2% from the prior year.

EPS (Diluted)
$0.02
YoY-80.0%
5Y CAGR-27.5%

Euro Tech Holdings Co Ltd earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 80.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$1.4M
YoY-283.2%

Euro Tech Holdings Co Ltd generated -$1.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 283.2% from the prior year.

Cash & Debt
$4.3M
YoY-26.2%
5Y CAGR-3.8%
10Y CAGR+5.6%

Euro Tech Holdings Co Ltd held $4.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
7M
YoY-3.5%
5Y CAGR+19.2%
10Y CAGR+13.7%

Euro Tech Holdings Co Ltd had 7M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.

Margins & Returns

Gross Margin
27.7%
YoY-1.2pp
5Y CAGR+0.1pp
10Y CAGR+5.6pp

Euro Tech Holdings Co Ltd's gross margin was 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin
-1.8%
YoY-4.3pp
5Y CAGR+0.3pp
10Y CAGR+8.9pp

Euro Tech Holdings Co Ltd's operating margin was -1.8% in fiscal year 2025, reflecting core business profitability. This is down 4.3 percentage points from the prior year.

Net Margin
1.3%
YoY-4.2pp
5Y CAGR-4.5pp
10Y CAGR+4.6pp

Euro Tech Holdings Co Ltd's net profit margin was 1.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.2 percentage points from the prior year.

Return on Equity
1.1%
YoY-4.3pp
5Y CAGR-4.5pp
10Y CAGR+5.1pp

Euro Tech Holdings Co Ltd's ROE was 1.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$0

Euro Tech Holdings Co Ltd invested $0 in research and development in fiscal year 2025.

Share Buybacks
$319K
YoY+4457.1%
10Y CAGR+31.9%

Euro Tech Holdings Co Ltd spent $319K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 4457.1% from the prior year.

Capital Expenditures
$7K
YoY+40.0%
5Y CAGR-8.6%
10Y CAGR-10.4%

Euro Tech Holdings Co Ltd invested $7K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 40.0% from the prior year.

CLWT Income Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

CLWT Balance Sheet

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Total Assets $21.3M+3.1% $20.7M-6.4% $22.1M+14.2% $19.4M-8.9% $21.3M+5.7% $20.1M-9.5% $22.2M-3.7% $23.1M
Current Assets $9.3M+0.2% $9.2M-12.5% $10.5M+11.6% $9.4M-17.9% $11.5M+10.1% $10.4M-13.0% $12.0M-11.3% $13.5M
Cash & Equivalents $4.3M-26.2% $5.8M+6.5% $5.5M-3.1% $5.6M+6.8% $5.3M+1.5% $5.2M-22.8% $6.7M+27.6% $5.3M
Inventory $344K-31.2% $500K-30.8% $723K+19.9% $603K+10.2% $547K+59.9% $342K-41.6% $586K+46.1% $401K
Accounts Receivable $2.0M+43.9% $1.4M-51.6% $2.9M+80.6% $1.6M-56.3% $3.6M+13.5% $3.2M-10.8% $3.6M-29.5% $5.1M
Goodwill $1.1M0.0% $1.1M0.0% $1.1M0.0% $1.1M0.0% $1.1M0.0% $1.1M0.0% $1.1M0.0% $1.1M
Total Liabilities $4.8M+18.4% $4.0M-28.8% $5.6M+23.8% $4.6M-29.3% $6.4M+14.5% $5.6M-18.1% $6.9M-8.6% $7.5M
Current Liabilities $4.6M+14.7% $4.0M-28.4% $5.6M+25.2% $4.5M-30.2% $6.4M+15.8% $5.5M-16.9% $6.7M-11.4% $7.5M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $15.6M-0.8% $15.7M+0.7% $15.6M+13.6% $13.8M-0.8% $13.9M-0.4% $13.9M-3.6% $14.5M-0.9% $14.6M
Retained Earnings $5.8M+2.8% $5.6M+2.1% $5.5M+50.9% $3.6M-3.7% $3.8M-1.1% $3.8M-12.2% $4.3M-3.3% $4.5M

CLWT Cash Flow Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

CLWT Financial Ratios

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 2.01-0.3 2.30+0.4 1.88-0.2 2.11+0.3 1.80-0.1 1.89+0.1 1.800.0 1.80
Debt-to-Equity 0.30+0.0 0.26-0.1 0.36+0.0 0.33-0.1 0.46+0.1 0.40-0.1 0.48-0.0 0.52
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Euro Tech Holdings Co Ltd (CLWT) reported $13.3M in total revenue for fiscal year 2025. This represents a -13.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Euro Tech Holdings Co Ltd (CLWT) revenue declined by 13.8% year-over-year, from $15.4M to $13.3M in fiscal year 2025.

Yes, Euro Tech Holdings Co Ltd (CLWT) reported a net income of $167K in fiscal year 2025, with a net profit margin of 1.3%.

Euro Tech Holdings Co Ltd (CLWT) reported diluted earnings per share of $0.02 for fiscal year 2025. This represents a -80.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Euro Tech Holdings Co Ltd (CLWT) had EBITDA of -$224K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Euro Tech Holdings Co Ltd (CLWT) had a gross margin of 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Euro Tech Holdings Co Ltd (CLWT) had an operating margin of -1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Euro Tech Holdings Co Ltd (CLWT) had a net profit margin of 1.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Euro Tech Holdings Co Ltd (CLWT) has a return on equity of 1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Euro Tech Holdings Co Ltd (CLWT) generated -$1.4M in free cash flow during fiscal year 2025. This represents a -283.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Euro Tech Holdings Co Ltd (CLWT) generated -$1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Euro Tech Holdings Co Ltd (CLWT) had $21.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Euro Tech Holdings Co Ltd (CLWT) invested $7K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Euro Tech Holdings Co Ltd (CLWT) spent $319K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Euro Tech Holdings Co Ltd (CLWT) had 7M shares outstanding as of fiscal year 2025.

Euro Tech Holdings Co Ltd (CLWT) had a current ratio of 2.01 as of fiscal year 2025, which is generally considered healthy.

Euro Tech Holdings Co Ltd (CLWT) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Euro Tech Holdings Co Ltd (CLWT) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Euro Tech Holdings Co Ltd (CLWT) had $4.3M in cash against an annual operating cash burn of $1.4M. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Euro Tech Holdings Co Ltd (CLWT) has an Altman Z-Score of 2.64, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Euro Tech Holdings Co Ltd (CLWT) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Euro Tech Holdings Co Ltd (CLWT) has an earnings quality ratio of -8.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Euro Tech Holdings Co Ltd (CLWT) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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