GRAND CAYMAN, Cayman Islands, Nov. 6, 2025/ CNW/ – Caribbean Utilities Business, Ltd. (” CUC” or the “Business”) revealed its combined unaudited outcomes for the 3 and 9 months ended September 30, 2025, highlighting continual development in net incomes sustained by increased energy sales, base rate modifications, and boosted functional performance.
Emphasizes & & Strategic Turning points consist of:
( figures in United States Dollars)
Monetary Development
- Net incomes for Quarter 3 2025 (” Q3 2025″) reached $ 16.1 million, up $ 1.7 million from in Q3 2024. This boost shows the success of targeted performance tasks that are boosting consumer cost while sustaining strong development.
- Sales increased by 2.8 million kilowatt-hours (kWh) compared to Q3 2024, showing resistant need regardless of somewhat cooler climate condition that moderated general development. This boost in electrical energy intake suggests financial development in Grand Cayman with a 2% boost in clients in Q3 2025 compared to Q3 2024 and increased intake by Big Business Consumers.
- Capital investment amounted to $ 20.4 million throughout the quarter, an $ 8.7 million reduction compared to Q3 2024 due to the conclusion of the battery storage task in 2024.
Client Dedication
- Throughout Q3 2025, CUC effectively finished 2 sections of the Resiliency Task, costing $ 7.8 million, that will boost energy security in Grand Cayman
- Fuel element expenses fell by 17% in Q3 2025 This decrease was credited to a total fuel expense decrease on Grand Cayman and facilities upgrades that cause sustain expense savings.
- CUC’s service continued to be more dependable than the typical North American energy through September 2025, as an outcome of facilities enhancements. When compared to the exact same duration in 2024, failures reduced by almost 8%, and consumer disturbance hours dropped over 33%, revealing strong development.
- By the end of the 3rd quarter of 2025, CUC effectively finished lifecycle upgrades on 5 significant creating systems, amounting to an integrated capability of 68 megawatts. This turning point highlights a significant development in the Business’s generation modernization effort, leading the way for enhanced fuel performance and boosted functional dependability that will benefit clients.
- In October 2025, the Cayman Islands Economics and Stats Workplace launched the 2nd Quarter 2025 Customer Cost Index Report, highlighting Real estate and Energies as the only department to tape a decrease. The 1.6% reduction in CPI, driven by a 9.7% drop in electrical energy rates to name a few, shows early development towards higher consumer cost. This pattern is supported by CUC’s continuous financial investments in performance efforts, which are starting to ease the effect of international fuel cost swings on customers while assisting to lower electrical energy expenses– strengthening CUC’s dedication to cost effective energy.
Toronto Stock Market Anniversary (” TSX”) Listing
On September 10, 2025, CUC marked 35 years given that its listing on the Toronto Stock Market (TSX”). The occasion united executives, board members, and crucial partners to honour a turning point that opened international capital markets to CUC, allowing transformative facilities financial investments and enhancing the Cayman Islands economy.
On September 5, 2025, CUC sent a brand-new Certificate of Requirement to the Energy Guideline and Competitors Workplace (” URCO” or “the Regulator”), laying out tactical paths to broaden capability on the Grand Cayman grid. This submission, equally concurred upon with the Regulator in June, shows CUC’s continuous dedication to supporting Grand Cayman’s development lined up with the Federal government’s National Energy Policy. The main launch of the eco-friendly competitive bidding procedure, led by the Regulator in August 2025, marked a significant turning point towards providing the Cayman Islands’ biggest utility-scale solar task, driving forward the advancement of crucial renewable resource facilities.
Mr Richard Hew, CUC President and CEO, stated:
” We are deeply devoted to serving clients and providing long-lasting worth to investors. This 3rd quarter has actually been specifically significant, marked by the 35th anniversary of our TSX listing, the Business’s involvement in the Regulator’s eco-friendly tender, and the submission of the brand-new Certificate of Required with the boosted capacity of renewable resource forming a considerable part of future generation. As constantly, CUC is concentrated on supplying the lowest-cost energy to individuals of Grand Cayman while advancing our tactical concerns.”
Net Revenues and Sales Incomes
Electrical power sales profits increased by $ 1.6 million, or 4%, to $ 35.7 million in Q3 2025, compared to Q3 2024. The boost was driven by a 1% development in kWh sales and base rate boosts of 4% and 3.2%, reliable June 1, 2025, and June 1, 2024, respectively.
Operating earnings for Q3 2025 amounted to $ 15.5 million, a boost of $ 1.7 million, or 12%, compared to the exact same duration in 2024. This was mostly driven by boost in sales profits, Z-Factor profits connected with authorized facilities tasks and lower power generation, T&D and upkeep expenses. These gains were partly balanced out by greater devaluation cost associated to the conclusion of significant capital tasks in previous durations.
Net incomes for the 3rd quarter were $ 16.1 million, compared to $ 14.4 million in Q3 2024— a boost of $ 1.7 million, mostly attributable to greater operating earnings. After the modification for dividends on the choice shares of the Business, incomes on Class A Ordinary Shares for Q3 2025 were $ 16.0 million, or $ 0.38 per Class A Ordinary Share, compared to $ 14.3 million, or $ 0.38 for Q3 2024.
Keep In Mind to Editors
Caribbean Utilities Business, Ltd. is noted for trading in United States dollars on the Toronto Stock Market under the trading sign “CUP.U”.
CUC’s Third Quarter 2025 outcomes and associated Management’s Conversation and Analysis (” MD&A”) are connected to this release and integrated by recommendation. The MD&An area of this report includes a conversation of CUC’s unaudited 3rd Quarter 2025 outcomes, the Cayman Islands economy, liquidity and capital resources, capital investment and business dangers dealing with the Business. The release and the Third Quarter 2025 MD&A can be accessed at www.cuc-cayman.com (Financier Relations/Press Releases) and at www.sedarplus.ca
The primary activity of the Business is to produce, send and disperse electrical energy in its licence location of Grand Cayman, Cayman Islands, pursuant to a 20-year Transmission & & Circulation (” T&D”) Licence and a 25-year non-exclusive Generation Licence (the “Generation License” and together with the T&D Licence, the “Licences”) given by the Cayman Islands Federal Government (the “Federal government”, “CIGARETTE”). The T&D Licence, which ends in April 2028, includes arrangements for an automated 20-year renewal and the Business has affordable expectation of renewal up until April 2048 The Generation Licence ends in November 2039 More info is offered at www.cuc-cayman.com.
Specific declarations in the MD&A, besides declarations of historic reality, are positive declarations worrying awaited future occasions, outcomes, situations, efficiency or expectations with regard to the Business and its operations, including its technique and monetary efficiency and condition. Forward looking declarations consist of declarations that are predictive in nature, rely on future occasions or conditions, or consist of words such as “anticipates”, “expects”, “strategy”, “thinks”, “price quotes”, “means”, “targets”, “tasks”, “projections”, “schedule”, or unfavorable variations thereof and other comparable expressions, or future or conditional verbs such as “might”, “will”, “need to”, “would” and “might”. Forward looking declarations are based upon underlying presumptions and management’s beliefs, price quotes and viewpoints, and undergo fundamental dangers and unpredictabilities surrounding future expectations normally that might trigger real outcomes to differ from strategies, targets and price quotes. A few of the crucial dangers and unpredictabilities that might impact forward looking declarations are explained in the MD&A in the area identified “Organization Dangers” and consist of however are not restricted to functional, basic financial, market and organization conditions, regulative advancements and weather condition. CUC warns readers that real outcomes might differ substantially from those anticipated need to specific dangers or unpredictabilities emerge or need to underlying presumptions show inaccurate. Positive declarations are offered the function of supplying info about management’s present expectations and strategies associating with the future. Readers are warned that such info might not be suitable for other functions. The Business disclaims any intent or commitment to upgrade or modify any positive declarations, whether as an outcome of brand-new info, future occasions or otherwise other than as needed by law.
SOURCE Caribbean Utilities Business, Ltd.