BQE Water Inc. (TSXV:BQE)

BQE Water Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	17.01	11.77	7.93	6.23	3.94	3.24
Cash & Short-Term Investments	17.01	11.77	7.93	6.23	3.94	3.24
Cash Growth	54.77%	48.48%	27.16%	58.08%	21.73%	57.26%
Accounts Receivable	7.65	3.7	4.29	3.18	2.01	1.69
Other Receivables	0.08	0.76	0.09	0.02	0	0
Receivables	7.72	4.46	4.37	3.21	2.01	1.69
Prepaid Expenses	0.45	1.08	0.41	0.34	0.23	0.17
Restricted Cash	-	-	-	0.18	0.08	-
Total Current Assets	25.19	17.32	12.71	9.96	6.27	5.1
Property, Plant & Equipment	2.23	2.15	1.82	0.4	0.26	0.32
Long-Term Investments	5.01	6.05	4.05	5.3	6.86	5.02
Other Intangible Assets	0.08	0.15	0.23	0.31	0.4	-
Long-Term Deferred Tax Assets	1.38	1.38	-	-	-	-
Other Long-Term Assets	0.05	0.05	0.05	0.02	0.02	0.02
Total Assets	33.95	27.09	18.86	15.99	13.8	10.46
Accounts Payable	1.38	1.02	0.66	0.65	0.59	0.43
Accrued Expenses	2.37	1.85	1.27	1.27	0.81	0.86
Current Portion of Long-Term Debt	0.04	0.08	0.08	0.08	0.08	0.06
Current Portion of Leases	0.15	0.16	0.11	0.19	0.12	0.09
Current Income Taxes Payable	0.2	0.06	0.02	0.03	0.04	0.03
Current Unearned Revenue	0.51	1.55	0.04	0.44	0.07	0.08
Other Current Liabilities	-	-	-	0.14	-	-
Total Current Liabilities	4.66	4.72	2.18	2.79	1.71	1.55
Long-Term Debt	0.59	0.25	0.23	0.19	0.27	0.35
Long-Term Leases	1.56	1.45	1.5	0.09	0.09	0.19
Long-Term Unearned Revenue	-	0.14	0.17	0.28	0.25	0.28
Other Long-Term Liabilities	-	-	-	-	0.17	-
Total Liabilities	6.81	6.56	4.08	3.35	2.49	2.38
Common Stock	57.07	56.81	56.3	56.65	56.57	56.39
Additional Paid-In Capital	11.2	11.18	11.11	10.92	10.67	10.57
Retained Earnings	-42.65	-49.06	-53.86	-56.52	-57.68	-60.31
Comprehensive Income & Other	1.52	1.6	1.23	1.58	1.75	1.45
Shareholders' Equity	27.14	20.53	14.78	12.64	11.31	8.09
Total Liabilities & Equity	33.95	27.09	18.86	15.99	13.8	10.46
Total Debt	2.35	1.94	1.92	0.55	0.56	0.69
Net Cash (Debt)	14.66	9.83	6.01	5.69	3.39	2.55
Net Cash Growth	62.40%	63.58%	5.65%	67.97%	32.90%	56.86%
Net Cash Per Share	11.27	7.67	4.71	4.50	2.72	2.07
Filing Date Shares Outstanding	1.3	1.29	1.26	1.25	1.25	1.22
Total Common Shares Outstanding	1.3	1.29	1.25	1.26	1.24	1.22
Working Capital	20.53	12.59	10.53	7.17	4.56	3.54
Book Value Per Share	20.92	15.95	11.85	10.06	9.09	6.64
Tangible Book Value	27.06	20.38	14.54	12.32	10.91	8.09
Tangible Book Value Per Share	20.85	15.84	11.67	9.80	8.77	6.64
Machinery	0.58	0.58	0.58	0.58	0.58	0.58

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.