Pour rice into a fine mesh sieve and rinse under cold water until the water is no longer cloudy.

Transfer rice to a rice steamer or large saucepan. Add coconut milk, water, and salt and stir to combine. If you're using a rice steamer, cook according to the manufacturer's instructions (i.e. cover with the lid and turn it on).

If you're using the saucepan bring liquid to a boil over medium-high heat. Reduce the heat to low, cover and cook, undisturbed, until rice is tender, about 20 minutes.

Fluff with a fork and stir in cilantro. Transfer to a serving dish, top with toasted almonds, and serve.