Euro Tech Holdings Company Limited Reports Interim Results For The Six Months Ended June 30, 2025

Rhea-AI Summary

Euro Tech Holdings (Nasdaq: CLWT) reported unaudited results for the six months ended June 30, 2025. Revenue fell to US$5,888,000 (down 18.9% YoY). Gross profit was US$1,697,000 (down 5.2%) while gross margin increased to 28.8% from 24.6% a year earlier. The company recorded a net loss attributable of US$127,000 versus net income of US$44,000 in 1H 2024. Cash and cash equivalents were US$4,493,000. Management cited lower U.S.–China trading sales due to tariffs but noted higher engineering orders and secured purchase orders from Mongolia, Norway, and Dubai.

Positive

• Engineering revenue up to US$2,464,000 (+16.2% YoY)
• Gross margin increased by 4.2 percentage points to 28.8%
• Secured additional purchase orders from Mongolia, Norway, and Dubai

Negative

• Total revenue down 18.9% YoY to US$5,888,000
• Net loss attributable of US$127,000 in 1H 2025 vs income of US$44,000 in 1H 2024
• Cash and cash equivalents decreased ~22.6% to US$4,493,000

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, CLWT declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Revenue 1H 2025: US$5,888,000 Revenue decline: 18.9% Gross profit margin: 28.8% +5 more

8 metrics

Revenue 1H 2025 US$5,888,000 Six months ended June 30, 2025 vs US$7,259,000 in 1H 2024

Revenue decline 18.9% Decrease in revenue vs six months ended June 30, 2024

Gross profit margin 28.8% 1H 2025 gross margin vs 24.6% in 1H 2024

Net (loss) / income US$(127,000) vs US$44,000 Net result attributable to company in 1H 2025 vs 1H 2024

Basic EPS US$(0.02) vs US$0.01 Net (loss) / income per ordinary share, 1H 2025 vs 1H 2024

Cash & cash equivalents 4,493 As of June 30, 2025 vs 5,805 as of December 31, 2024

Mongolia contract US$2.1 million Sewage and potable water systems contract announced Nov 21, 2025

BWTS port contract US$1.2 million Ballast water treatment port reception system contract announced Sep 3, 2025

Market Reality Check

Price: $1.30 Vol: Volume 2,797 is below the...

low vol

$1.30 Last Close

Volume Volume 2,797 is below the 20-day average of 10,227 (relative volume 0.27x). low

Technical Price at $1.23 is trading slightly above the 200-day MA of $1.22 and 24.54% below the 52-week high.

Peers on Argus

CLWT was down 1.6% with light volume, while several pollution-control peers also...

1 Up

CLWT was down 1.6% with light volume, while several pollution-control peers also traded lower today (e.g., LIQT -14.53%, DEVS -4.58%, FTEK -4.38%), suggesting broader sector softness even though momentum scanners did not flag a coordinated move.

Historical Context

2 past events · Latest: Nov 21 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 21	Contract award	Positive	+0.9%	PACT won a US$2.1M Mongolia water treatment contract with completion by Aug 2026.
Sep 03	Contract award	Positive	+0.7%	PACT secured a US$1.2M ballast water treatment port reception system contract in China.

Pattern Detected

Recent contract award news generated small but positive price reactions, while these interim results show revenue decline and a swing to net loss, contrasting with earlier operational wins.

Recent Company History

Over the last several months, CLWT highlighted contract wins through its majority-owned subsidiary Yixing PACT. On Sep 3, 2025, it announced a $1.2 million ballast water treatment port reception system contract in China, followed by a $2.1 million sewage and potable water treatment project in Mongolia on Nov 21, 2025. Both headlines saw modest positive price reactions under 1%. Today’s interim 1H 2025 results instead emphasize an 18.9% revenue decline, lower gross profit, and a swing to net loss, shifting focus from contract pipeline to near-term financial pressure.

Market Pulse Summary

This announcement details 1H 2025 results, showing revenue of US$5,888,000, an 18.9% decline from 1H...

Analysis

This announcement details 1H 2025 results, showing revenue of US$5,888,000, an 18.9% decline from 1H 2024, and a swing to a US$127,000 net loss despite gross margin improving to 28.8%. Management highlights increased orders in water and wastewater and ballast water treatment systems, building on prior contracts of US$2.1 million and US$1.2 million. Investors may watch how these orders translate into future revenue, earnings, and balance sheet strength.

Key Terms

ballast water treatment systems, ballast water management convention, type approval certificate, operating lease right-of-use assets, +2 more

6 terms

ballast water treatment systems technical

"purchase orders from international markets... for both WWT and ballast water treatment systems ("BWTS")"

Ballast water treatment systems are onboard setups that clean and neutralize the water ships take on to balance themselves, working like a filter and sterilizer for a ship’s internal tanks. They matter to investors because installing and running these systems is often required by law, affects operating costs, can influence resale value and downtime, and reduces the risk of costly environmental fines or trade restrictions.

ballast water management convention regulatory

"IMO's Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017"

An international treaty that requires ships to treat and manage the water they take on and release to prevent moving harmful plants and animals between ecosystems. Think of it like a requirement to filter and document what you pour out so local environments aren’t contaminated; for investors, it matters because compliance can mean significant costs for equipment upgrades, inspections and paperwork, affect operating schedules, create regulatory risk and influence a vessel’s resale value.

type approval certificate regulatory

"The company obtained type approval certificate from China's Classification Society for its 200, 300, 500..."

A type approval certificate is an official government or regulatory stamp that confirms a product design meets required safety, technical and legal standards before it can be sold or used in a particular market. For investors it matters because the certificate is like a passport for a product — without it a company cannot generate sales or expand into that region, so holding approvals reduces regulatory risk and enables revenue growth and clearer valuation prospects.

operating lease right-of-use assets financial

"Operating lease right-of-use assets, net | | 231 | 101"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

treasury stock financial

"Treasury stock, 330,306 and 183,533 shares at cost as of June 30, 2025 and December 31, 2024, respectively"

Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.

forward looking statements regulatory

"constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Statements about a company’s expected future performance, plans, goals, or projections that are not historical facts and involve assumptions and estimates. Investors care because these are predictions that guide decisions but can be wrong; like a weather forecast, they help set expectations and risk — if circumstances change, actual results may differ significantly, so investors should weigh them alongside hard data and risk factors.

AI-generated analysis. Not financial advice.

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 Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

The company obtained type approval certificate from China's Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS in 2016.

The IMO convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020, and the company have been in compliance with such requirements.

The ballast water port solution system is a system installed in port to offer ballast water treatment services for ocean going ships without their own BWTS and for those with damaged BWTS.

Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2024.

EURO TECH HOLDINGS COMPANY LIMITED

CONSOLIDATED BALANCE SHEETS

		As of June 30, 2025 (Unaudited)	As of December 31, 2024 (Audited)
		US$'000	US$'000
ASSETS
Current assets:
Cash and cash equivalents		4,493	5,805
Restricted cash		1,517	1,132
Accounts receivable, net		1,342	1,386
Prepayments and other current assets		437	271
Contract assets		80	135
Inventories		302	500
		──────	──────
Total current assets		8,171	9,229
		──────	──────
Property, plant and equipment, net		157	159
Investments in affiliates		9,774	9,947
Goodwill		1,071	1,071
Operating lease right-of-use assets, net		231	101
Deferred tax assets		80	62
Restricted cash		315	139
		──────	──────
Total non-current assets		11,628	11,479
		──────	──────
TOTAL ASSETS		19,799	20,708
		══════	══════
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		1,547	2,279
Contract liabilities		761	593
Other payables and accrued expenses		895	1,050
Current portion of long-term operating lease liabilities		127	83
		──────	──────
Total current liabilities		3,330	4,005
		──────	──────
Long-term operating lease liabilities, net of current portion		95	9
		──────	──────
Total non-current liabilities		95	9
		──────	──────
TOTAL LIABILITIES		3,425	4,014
		──────	──────
Commitments and contingencies		-	-
SHAREHOLDERS' EQUITY:
Ordinary share, 20,000,000 shares authorized and no par value; 7,899,832 and 7,899,832 shares issued as of June 30, 2025 and  December 31, 2024, respectively		123	123
Additional paid-in capital		9,774	9,774
Treasury stock, 330,306 and 183,533 shares at cost as of June 30, 2025 and   December 31, 2024, respectively		(981)	(807)
PRC statutory reserves		345	345
Accumulated other comprehensive income		734	713
Retained earnings		5,468	5,595
		──────	──────
Total shareholders' equity attributable to Euro Tech Holdings Company   Limited		15,463	15,743
Noncontrolling interests		911	951
		──────	──────
Shareholders' equity		16,374	16,694
		──────	──────
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		19,799	20,708
		══════	══════

EURO TECH HOLDINGS COMPANY LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

		2025 (Unaudited)	2024 (Unaudited)
		US$'000	US$'000
Revenue, net:
Trading and manufacturing		3,424	5,138
Engineering		2,464	2,121
		────────	────────
		5,888	7,259
Cost of revenue:
Trading and manufacturing		(2,566)	(3,997)
Engineering		(1,625)	(1,472)
		────────	────────
		(4,191)	(5,469)
		────────	────────
Gross profit		1,697	1,790
Operating expenses:
Finance costs		-	(1)
General and administrative expenses		(2,065)	(2,167)
		────────	────────
LOSS FROM OPERATION		(368)	(378)
Interest income		43	45
Other income, net		10	10
Equity in income of affiliates		148	232
		────────	────────
LOSS BEFORE INCOME TAXES		(167)	(91)
Income tax credit / (expense)		3	(10)
		────────	────────
NET LOSS		(164)	(101)
Net loss attributable to noncontrolling interests		37	145
		────────	────────
Net  (loss) / income attributable to Euro Tech   Holdings Company Limited		(127)	44
		════════	════════
Other comprehensive (loss)
Net (loss)		(164)	(101)
Foreign currency adjustments		21	(9)
		────────	────────
COMPREHENSIVE LOSS		(143)	(110)
Comprehensive (income) / loss attributable to   noncontrolling interests		(3)	151
		────────	────────
Comprehensive (loss) / income attributable   to Euro Tech Holdings Company Limited		(146)	41
		════════	════════

Net (loss) / income per ordinary share   attributable to Euro Tech Holdings   Company Limited
- Basic		$  US(0.02)	$  US0.01
		════════	════════
- Diluted		$  US(0.02)	$  US0.01
		════════	════════
Weighted average number of ordinary   shares outstanding
- Basic		7,660,243	7,717,695
		════════	════════
- Diluted		7,660,243	7,717,695
		════════	════════

 

View original content:https://www.prnewswire.com/news-releases/euro-tech-holdings-company-limited-reports-interim-results-for-the-six-months-ended-june-30-2025-302650596.html

SOURCE EURO TECH HOLDINGS COMPANY LIMITED

FAQ

What were Euro Tech Holdings (CLWT) revenue and net result for 1H 2025?

Revenue was US$5,888,000 and net loss attributable was US$127,000 for the six months ended June 30, 2025.

Why did CLWT sales decline in the six months ended June 30, 2025?

Management attributed the revenue decline primarily to reduced U.S. product sales to China following U.S. tariffs and Chinese retaliatory measures.

Did Euro Tech (CLWT) see any areas of growth in 1H 2025?

Yes. Engineering revenue rose to US$2,464,000 (about +16.2% YoY) and management reported increased engineering orders.

How did Euro Tech's profitability metrics change in 1H 2025?

Gross profit fell to US$1,697,000 but gross margin improved to 28.8% from 24.6% in 1H 2024.

What is Euro Tech's cash position at June 30, 2025?

Cash and cash equivalents were reported at US$4,493,000 as of June 30, 2025.

What new orders or markets did CLWT announce in its interim results?

The company said it secured additional purchase orders from international markets including Mongolia, Norway, and Dubai for WWT and BWTS products.