Business
BQE Water Reports Audited Year End 2025 Results
BQE Water Inc. (TSXV: BQE), a leader in the treatment and management of mine impacted waters, is pleased to release its audited consolidated financial results for the year ended December 31, 2025.
About this update from Britannia Industries Ltd
VANCOUVER, BC, April 23, 2026 /CNW/ - BQE Water Inc. (TSXV: BQE), a leader in the treatment and management of mine impacted waters, is pleased to release its audited consolidated financial results for the year ended December 31, 2025. "Building on our strong growth throughout the year, we closed out the fourth quarter achieving new records across nearly every key metric in our annual results. We ended the year delivering $35.5 million revenue (up 107%) and grew net income to $8.1 million (up 68%), to achieve a net margin of 23%. During the fourth quarter, we completed the operating season at Eagle Mine discharging over 1 million cubic meters of clean water for emergency treatment and mobilized our team to be ready to operate the 20-year operations service contract at the Britannia Mine treatment plant," said David Kratochvil, President & CEO of BQE Water. "It will be another growth year in 2026 for BQE, as we anticipate continuing our emergency treatment at Eagle, restarting/resuming operations at the 7 sites we operated in 2025, and taking over operations at 4 additional treatment plants in BC, Quebec, and the Yukon." FINANCIAL HIGHLIGHTS Selected financial results for the 3 and 12 months ended December 31, 2025, are as follows: COMMENTARY AND OUTLOOKBuilding on our strong growth and record-setting performance in 2024, we achieved new records across nearly every key metric in 2025. Our 2025 financial results highlight our enviable position as a well capitalized clean technology company delivering strong revenue growth and profitability. We ended the year with $21.4 million in working capital (up 70% year-over-year), delivered Proportional Revenue of $39.9 million (up 61%), and grew net income to $8.1 million (up 68%), to achieve a net margin of 23%. We are very proud of what we accomplished. Key Developments in 2025One very important development for us in 2025 was the Eagle Mine project in the Yukon. Strategically, Eagle Mine allowed us to showcase BQE Water's capabilities to industry and regulators in the context of a high-stakes environmental disaster in Canada. We proved our ability to solve tough technical problems and deliver results quickly under difficult conditions and tight schedules. It also showcased our culture with our staff committing themselves to the project, collaborating with others, and developing ...
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