BQE Water Inc. (TSXV:BQE)

BQE Water Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	35.54	17.18	18.14	12.16	7.51
Revenue Growth (YoY)	106.90%	-5.29%	49.18%	61.86%	-2.40%
Cost of Revenue	20.28	8.77	9.07	7.11	3.95
Gross Profit	15.26	8.41	9.06	5.05	3.56
Selling, General & Admin	8.57	7.32	5.85	4.9	3.5
Depreciation & Amortization Expenses	0.52	0.44	0.43	0.26	0.17
Other Operating Expenses	0.06	0.01	0.47	-	-
Total Operating Expenses	9.15	7.77	6.75	5.17	3.67
Operating Income	6.11	0.64	2.31	-0.12	-0.1
Interest Income	0.21	2.47	0.42	1.49	2.78
Other Non-Operating Income (Expense)	0.14	0.42	0.12	0.1	0.09
Total Non-Operating Income (Expense)	0.35	2.89	0.53	1.59	2.86
Pretax Income	6.46	3.53	2.84	1.47	2.76
Provision for Income Taxes	-1.6	-1.28	0.19	0.31	0.13
Net Income	8.06	4.8	2.65	1.16	2.63
Net Income to Common	8.06	4.8	2.65	1.16	2.63
Net Income Growth	67.82%	81.09%	128.37%	-55.82%	125.29%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	1.95%	0.59%	0.95%	1.24%	1.18%
EPS (Basic)	6.23	3.78	2.12	0.93	2.13
EPS (Diluted)	6.17	3.75	2.08	0.92	2.11
EPS Growth	64.53%	80.29%	126.09%	-56.40%	122.10%
Shares Outstanding	1.3	1.29	1.25	1.26	1.24
Free Cash Flow	4.88	2.38	0.69	-0.45	-0.29
Free Cash Flow Growth	105.47%	244.40%	-	-	-
Free Cash Flow Per Share	3.73	1.85	0.54	-0.35	-0.24
Gross Margin	42.94%	48.95%	49.96%	41.54%	47.43%
Operating Margin	17.20%	3.70%	12.74%	-0.95%	-1.40%
Profit Margin	22.69%	27.97%	14.63%	9.56%	35.01%
FCF Margin	13.74%	13.83%	3.80%	-3.66%	-3.92%
EBITDA	6.63	1.07	2.74	0.15	0.06
EBITDA Margin	18.66%	6.26%	15.11%	1.21%	0.84%
EBIT	6.11	0.64	2.31	-0.12	-0.1
EBIT Margin	17.20%	3.70%	12.74%	-0.95%	-1.40%
Effective Tax Rate	-24.83%	-36.14%	6.72%	21.02%	4.72%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.