Euro Tech Holdings Company Limited (CLWT) Income Statement
CLWT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCLWT revenue and net income
Where CLWT's revenue goes
2025Each bar shows an amount and its share of revenue. CLWT kept 1.2% of revenue as net income.
CLWT profit margins
CLWT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.8% | −3.9% | −0.1% | −3.2% |
| Gross profit | −17.5% | −7.3% | −0.1% | −1.0% |
| Operating income | −160.4% | — | — | — |
| Net income | −78.6% | −24.8% | −27.2% | — |
| EPS (diluted) | −80.0% | −26.3% | −41.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CLWT quarterly EPS vs estimates
Euro Tech beat the analyst EPS estimate in 3 of the last 3 quarters.
CLWT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3M | $15.4M | $17.9M | $14.9M | $21.4M | $13.4M | $17.4M | $20.1M | $17.4M | $22.5M |
| Cost of revenue | $9.6M | $10.9M | $14.1M | $10.3M | $15.7M | $9.7M | $13.0M | $16.4M | $12.9M | $17.5M |
| Gross profit | $3.7M | $4.5M | $3.9M | $4.6M | $5.7M | $3.7M | $4.4M | $3.7M | $4.4M | $5.0M |
| Research & development | — | $3.6M | $4.3M | $3.0M | $61,000 | $497,000 | $35,000 | $184,000 | $163,000 | $475,000 |
| Sales, general & admin | $3.9M | $4.1M | $4.1M | $4.5M | $4.9M | $5.4M | $4.9M | $4.7M | $5.0M | $5.6M |
| Total operating expenses | $3.9M | $4.1M | $4.1M | $4.4M | $4.9M | $5.2M | $4.9M | $4.8M | $5.0M | $5.6M |
| Operating income | −$233,000 | $386,000 | −$249,000 | $670,000 | $1.2M | −$1.5M | −$436,000 | −$1.1M | −$574,000 | −$670,000 |
| Interest income | $82,000 | $96,000 | $37,000 | $23,000 | $23,000 | $28,000 | $83,000 | $35,000 | $24,000 | $18,000 |
| Interest expense | — | $1,000 | $7,000 | $7,000 | $3,000 | $12,000 | $4,000 | $7,000 | $11,000 | $19,000 |
| Income before taxes | $194,000 | $917,000 | $1.7M | $563,000 | $1.3M | $498,000 | −$173,000 | −$373,000 | $395,000 | −$640,000 |
| Income taxes | $27,000 | $72,000 | $45,000 | $24,000 | −$90,000 | $96,000 | $37,000 | −$312,000 | $28,000 | $228,000 |
| Net income | $157,000 | $734,000 | $1.8M | $369,000 | $989,000 | $769,000 | −$146,000 | $88,000 | $473,000 | $231,000 |
| EBITDA | −$71,000 | $1.1M | $1.7M | $161,000 | $1.3M | $559,000 | −$237,000 | −$306,000 | $467,000 | −$585,000 |
| EPS (diluted) | $0.02 | $0.10 | $0.24 | $0.05 | $0.13 | $0.28 | −$0.37 | $0.59 | $0.45 | −$0.15 |
| Gross margin | 27.7% | 29.0% | 21.5% | 30.9% | 26.6% | 27.6% | 25.4% | 18.4% | 25.4% | 22.0% |
| Operating margin | −1.8% | 2.5% | −1.4% | 4.5% | 5.7% | −11.5% | −2.5% | −5.3% | −3.3% | −3.0% |
| Net margin | 1.2% | 4.8% | 10.2% | 2.5% | 4.6% | 5.8% | −0.8% | 0.4% | 2.7% | 1.0% |
| Mar '26 | Jun '25 | Mar '25 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Jun '22 | Mar '22 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $5.9M | $8.1M | $7.3M | $10.0M | $5.0M | $8.0M | $8.2M | $4.1M | $6.7M | $11.3M | $5.7M |
| Cost of revenue | $5.4M | $4.2M | $5.5M | $5.5M | $7.6M | $3.8M | $6.5M | $5.5M | $2.7M | $4.8M | $8.7M | $4.3M |
| Gross profit | $2.0M | $1.7M | $2.7M | $1.8M | $2.4M | $1.2M | $1.5M | $2.7M | $1.4M | $1.9M | $2.7M | $1.3M |
| Research & development | — | — | $1.5M | $1.5M | $2.0M | $985,500 | $1.2M | $1.2M | $594,000 | $899,000 | $1.9M | $2.4M |
| Sales, general & admin | — | — | $1.9M | $2.2M | $1.9M | $930,500 | $1.1M | $2.1M | $1.1M | — | $2.4M | $2.4M |
| Total operating expenses | $1.8M | $2.1M | $1.9M | $2.2M | $1.9M | $94,500 | $2.2M | $2.1M | $956,500 | $2.4M | $2.4M | $1.1M |
| Operating income | $135,000 | −$368,000 | $764,000 | −$378,000 | $469,000 | $236,500 | −$715,000 | $601,000 | $306,000 | −$487,000 | $276,000 | $138,000 |
| Interest expense | — | — | — | $1,000 | $8,000 | — | $3,000 | $4,000 | — | — | $81,000 | — |
| Income before taxes | $361,000 | −$167,000 | $1.0M | −$91,000 | $2.2M | $1.1M | −$498,000 | $828,000 | $414,000 | −$486,000 | $347,000 | $248,500 |
| Income taxes | $30,000 | −$3,000 | $62,000 | $10,000 | $41,000 | $20,500 | $4,000 | $31,000 | $15,500 | −$7,000 | −$107,000 | $53,500 |
| Net income | $284,000 | −$127,000 | $690,000 | $44,000 | $2.1M | $1.0M | −$255,000 | $553,000 | $276,500 | −$184,000 | $499,000 | $249,500 |
| EBITDA | $135,000 | −$368,000 | $1.3M | −$369,500 | $480,500 | $244,750 | −$481,500 | $628,500 | $315,500 | −$464,000 | $362,500 | $150,250 |
| EPS (diluted) | — | — | $0.09 | — | — | — | — | — | −$0.02 | — | $0.17 | $0.07 |
| Gross margin | 26.8% | 28.8% | 32.8% | 24.7% | 23.7% | 23.7% | 18.8% | 33.2% | 33.2% | 28.1% | 23.6% | 23.6% |
| Operating margin | 1.8% | −6.2% | 9.4% | −5.2% | 4.7% | 4.7% | −9.0% | 7.3% | 7.4% | −7.2% | 2.4% | 2.4% |
| Net margin | 3.8% | −2.2% | 8.5% | 0.6% | 20.9% | 20.9% | −3.2% | 6.7% | 6.7% | −2.7% | 4.4% | 4.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CLWT's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CLWT financial results
In fiscal year 2025 (ended December 31, 2025), Euro Tech reported revenue of $13.3 million, down 13.8% from the year before. It had net income of $0.2 million (down 78.6%), a net profit margin of 1.2%. Diluted earnings per share came to $0.02. Over five years revenue grew at an average rate of −0.1% a year.
See the CLWT stock overview for the latest quote and news, or the CLWT chart for price history and technical indicators.
CLWT income statement FAQ
What is Euro Tech's annual revenue?
Euro Tech reported total revenue of $13.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 13.8% from $15.4 million the previous year.
Is Euro Tech profitable?
Yes. Euro Tech reported net income of $0.2 million in fiscal 2025, a net profit margin of 1.2%; its operating margin was −1.8%.
What is Euro Tech's gross margin?
Euro Tech's gross margin was 27.7% in fiscal 2025: for every $100 of revenue, Euro Tech kept $28 after the direct cost of its products and services.
How fast is Euro Tech growing?
Revenue grew −0.1% a year on average over the last five fiscal years, from $13.4 million to $13.3 million.
What are Euro Tech's earnings per share?
Euro Tech earned $0.02 per diluted share in fiscal 2025, compared with $0.10 a year earlier.
When does Euro Tech's fiscal year end?
Euro Tech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.