Caribbean Utilities Company, Ltd.

Caribbean Utilities Company, Ltd.

CUPUF
Caribbean Utilities Company, Ltd.US flagOther OTC
13.90
USD
+0.01
- -
589.71MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.7
7.87
6.02
4.92
5.15
5.82
6.08
5.18
5.32
7.11
7.6
7.58
- -
6.77
Basic EPS, GAAP
0.66
0.68
0.7
0.74
0.69
0.77
0.84
0.73
0.79
0.86
1
1.08
- -
1.09
Free Cash Flow per Basic Share
0.69
0.23
-0.62
0.43
-0.15
0.13
0.01
0.26
-0.03
-1.09
-0.55
-0.23
- -
-0.02
Dividend per Share
0.68
0.69
0.7
0.7
0.7
0.72
0.73
0.73
0.66
0.65
0.66
0.71
- -
0.72
Book Value per Share
3.29
3.31
3.15
3.08
3.06
3.12
3.27
3.23
3.05
3.18
3.45
3.71
- -
3.72
Tangible Book Value per Share
5.96
5.99
6.72
6.6
6.66
6.79
7
8.33
7.87
8.07
8.47
10.03
- -
9.62
Basic Weighted Avg Shares
29
29
31
33
33
33
33
34
37
38
38
39
- -
42
Sales/Revenue/Turnover
226
232
189
162
171
195
203
177
198
267
287
294
284
286
Operating Margin (%)
11.11
10.93
13.38
16.64
16.02
14.59
14.5
16.26
15.23
12
13.38
13.79
15.62
15.71
Depreciation Expense
25
24
26
30
31
34
36
38
39
39
42
45
50
49
Net Income, GAAP
20
21
23
25
24
27
29
26
30
33
39
43
47
47
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
9.03
8.98
12.09
15.59
13.91
13.76
14.32
14.69
15.28
12.41
13.46
14.54
16.68
16.41
Working Capital
-3
20
-12
-37
-10
-40
6
28
-2
6
-57
14
-36
-44
LT Debt
202
236
223
212
255
242
307
293
278
338
318
378
358
358
Total Equity
178
180
214
220
224
230
238
289
298
308
325
393
412
412
Return on Invested Capital (%)
6.3
6.11
5.72
5.81
5.65
5.6
5.47
4.99
5.09
5.1
5.52
5.33
5.47
5.52
Return on Capital (%)
9.21
9
8.79
9.25
8.88
9
8.71
7.84
8.51
8.57
8.94
9.02
9.33
9.34
Return on Common Equity (%)
20.18
20.47
22.33
24.28
22.52
25.04
26.32
22.84
26.17
27.57
30.11
30.4
30.7
30.57

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
38
58
64
LT Borrowings
369
358
358
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
563
577
582

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
86
70
69
Cash, Cash Equivalents & STI
2
2
3
Accounts Receivable, Net
28
26
21
Inventories
6
4
6
Total Current Liabilities
97
106
112
Payables & Accruals
39
31
32
ST Debt
38
58
64
Deferred Revenue
16
16
16

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.98%
7.52%
4.74%
Free Cash Flow
484.7%
581.59%
-67.51%
Net Income, GAAP
7.92%
12.73%
10.97%
Sales/Revenue/Turnover
4.98%
10.59%
-3.3%
Total Cash Common Dividend
3.44%
4.14%
11.24%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69
71
81
74
294
2025
63
69
76
76
284
2026
65
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.26
0.38
- -
1.08
2025
0.18
0.27
0.38
- -
- -
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.17
0.17
- -
0.71
2025
0.18
0.17
0.17
- -
- -
2026
0.19
- -
- -
- -
- -

Company Description

APIChat
CEO
J. F. Richard Hew
Full Time Employees
275
Sector
Utilities
Industry
Regulated Electric
Address
457 North Sound Road Grand Cayman Cayman Islands KY1-1101
IPO Date
Dec 9, 2008
Business
Caribbean Utilities Company, Ltd. (CUC) operates as the sole public electric utility in Grand Cayman, Cayman Islands, providing vertically integrated electricity generation, transmission, and distribution services powered primarily by diesel-fueled generators; its power system includes approximately 20 generating units comprising 17 diesel engines, two gas turbines, and one steam turbine with a combined capacity of 166 megawatts, supplemented by four mobile units of 1.5 megawatts each; the transmission and distribution network features eight transformer substations, 387 miles of overhead high-voltage lines (69 kilovolt and 13 kilovolt), 53.8 miles of underground high-voltage lines, and 14 miles of high-voltage submarine cable, all situated on 28.6 acres of land housing its generating plant, facilities, and offices. Founded in 1966 and headquartered at 457 North Sound Road, P.O. Box 38, Grand Cayman, the company serves over 34,000 residential, commercial, and industrial customers exclusively within Grand Cayman, the largest of the Cayman Islands, employing around 275 staff, predominantly Caymanian; Fortis Inc. indirectly holds approximately 59% ownership through its Bermuda subsidiary. Recent developments include an August 2025 agreement with the Utility Regulation and Competition Office (URCO) to withdraw a prior Certificate of Need and submit a revised filing in September 2025 outlining generation capacity needs by June 2027, enabling URCO-led requests for proposals on technologies like dispatchable solar photovoltaic with battery storage to support renewable integration; the official launch in August 2025 of a competitive bidding process for the Cayman Islands' largest utility-scale solar project; a May 2024 green financing round with funds allocated to eligible renewable projects as detailed in its inaugural Green Finance Report published in November 2025; and a 4% increase in Q3 2025 electricity sales revenues to $35.7 million, reflecting alignment with Grand Cayman's National Energy Policy for sustainable growth.

Company News

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