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CLWT

Euro Tech Holdings Company Limited

CLWT

Euro Tech Holdings Company Limited • NASDAQ
$1.11 ▲ 3.74% (+0.04)
Market Cap $8.45 M
52w High $1.63
52w Low $0.99
Dividend Yield 0%
P/E 11.1
Volume 9.31K
Outstanding Shares 7.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $8.124M ▲ $1.9M ▼ $690K ▲ 8.493% ▲ $0.089 ▲ $1.433M ▲
Q2-2024 $7.259M ▼ $2.168M ▲ $44K ▼ 0.606% ▼ $0.006 ▼ $-369.5K ▼
Q4-2023 $9.983M ▲ $1.894M ▼ $2.083M ▲ 20.865% ▲ $0.27 ▲ $471.5K ▲
Q2-2023 $7.957M ▼ $2.213M ▲ $-255K ▼ -3.205% ▼ $-0.033 ▼ $-349.25K ▼
Q4-2022 $8.219M $2.129M $553K 6.728% $0.068 $628.5K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $5.805M ▲ $20.708M ▲ $4.014M ▲ $15.743M ▲
Q2-2024 $4.521M ▼ $19.542M ▼ $3.784M ▼ $15.07M ▼
Q4-2023 $5.453M ▲ $22.12M ▲ $5.64M ▲ $15.641M ▲
Q2-2023 $4.358M ▼ $17.976M ▼ $3.667M ▼ $13.54M ▼
Q4-2022 $5.628M $19.363M $4.557M $13.772M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $690K ▲ $781K ▲ $302K ▲ $-778K ▼ $7.076M ▲ $776K ▲
Q2-2024 $44K ▼ $0 ▲ $0 ▼ $0 ▲ $0 $0 ▲
Q4-2023 $914K $-40K $158.5K $-41K $0 ▼ $-42.5K
Q2-2023 $914K ▲ $-40K ▼ $158.5K ▲ $-41K ▲ $147K ▲ $-42.5K ▼
Q4-2022 $184.5K $230.5K $116K $-309K $-37K $227K

Five-Year Company Overview

Income Statement

Income Statement The business operates at a very small scale, with sales that have stayed modest and fairly flat over the past several years. Gross profit is thin, and operating income looks close to breakeven, which suggests limited pricing power and high project or production costs. While reported earnings per share show occasional positive years, the underlying operations do not appear strongly profitable, and results are likely sensitive to individual projects and contracts.

Balance Sheet

Balance Sheet The balance sheet is compact but relatively clean. Assets have stayed steady, funded mainly by shareholder equity rather than borrowing, and reported debt is essentially absent. Cash represents a meaningful share of total assets, giving the company some financial cushion despite its small size. Overall, this looks like a lightly levered, capital‑light structure, but on a very small base.

Cash Flow

Cash Flow Cash generation appears roughly around breakeven: the business is not burning large amounts of cash, but it is also not producing strong, consistent surplus cash from operations. Capital spending is low, which fits with an engineering and solutions provider rather than a heavy manufacturing model. This means growth likely depends more on winning new contracts than on big internal investment, but it also means there is limited self‑funded firepower for rapid expansion.

Competitive Edge

Competitive Edge Euro Tech, through PACT, is positioned in a specialized niche: industrial water and wastewater treatment and marine ballast water systems. Its long operating history in China, early foreign‑owned status, and track record with large multinational and state‑linked clients give it credibility in a demanding market. Regulatory requirements around ballast water treatment provide a structural tailwind, especially as shipping companies must comply. However, the company competes against larger global environmental and marine technology firms, and its small scale makes it more exposed to swings in project activity and regulatory or policy changes in China and abroad.

Innovation and R&D

Innovation and R&D The main innovative strength lies in PACT’s ballast water management technology, which uses filtration and UV disinfection, and in its ability to deliver turnkey, customized water treatment solutions across many industries. The “white label” partnership with ERMA FIRST helps extend this technology into Europe, leveraging a larger partner’s brand and distribution. Strategically, the company is leaning toward higher‑margin ballast water systems, which could improve economics if volumes grow. The key risks are the need to keep up with evolving environmental standards, maintain technical certifications, and differentiate in a field where well‑funded global competitors also innovate quickly.

Summary

Euro Tech Holdings is a tiny, niche environmental technology company anchored in industrial and marine water treatment, with a long presence in China and a growing footprint in ballast water systems. Financially, it runs lean: small revenues, thin margins, and modest yet stable assets, offset by a relatively clean, debt‑light balance sheet and neutral cash flows. Strategically, its ballast water technology, turnkey engineering capabilities, and partnership with ERMA FIRST offer avenues for growth in regulated markets like shipping. At the same time, its small scale, dependence on winning individual projects, and exposure to regulatory and investment cycles in China and global shipping mean that results can be uneven and subject to external shocks. Overall, it is a focused specialist with meaningful upside drivers but also the vulnerabilities typical of a very small industrial technology player.

NEWS

November 21, 2025 · 7:00 AM UTC

Euro Tech Holdings Company Reports Contract Awarded to PACT

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September 3, 2025 · 7:44 AM UTC

Euro Tech Holdings Company Limited Reports Contract Awarded to PACT

Read more