BQE Water Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	18.98	0.11	7.93	6.41	4.03
Short-Term Investments	0.52	-	-	-	-
Cash & Short-Term Investments	19.51	0.11	7.93	6.41	4.03
Cash Growth	17526.12%	-98.60%	23.59%	59.30%	24.30%
Accounts Receivable	5.75	5.18	4.37	3.21	2.01
Other Receivables	-	0.09	-	-	-
Total Trade Receivables	5.75	5.27	4.37	3.21	2.01
Other Current Assets	0.52	1.23	0.41	0.34	0.23
Total Current Assets	25.78	1.07	12.71	9.96	6.27
Net Property, Plant & Equipment	2.19	0.58	1.82	0.4	0.26
Other Intangible Assets	0.06	0.61	0.23	0.31	0.4
Long-Term Investments	4.47	8.46	4.05	5.3	6.86
Other Long-Term Assets	3.21	1.43	0.05	0.02	0.02
Total Assets	35.71	4.67	18.86	15.99	13.8
Accounts Payable	2.74	4.91	1.34	1.24	1.04
Accrued Expenses	1.08	1.18	0.61	0.7	0.39
Short-Term Debt	0.02	3.52	0.08	0.08	0.08
Current Portion of Leases	0.14	0.29	0.11	0.19	0.12
Unearned Revenue	0.38	1.55	0.04	0.44	0.07
Other Current Liabilities	-	5.55	-	0.14	-
Total Current Liabilities	4.37	12.29	2.18	2.79	1.71
Long-Term Debt	0.61	1.95	0.23	0.19	0.27
Long-Term Leases	1.54	1.55	1.5	0.09	0.09
Other Long-Term Liabilities	0.4	0.14	0.17	0.28	0.42
Total Long-Term Liabilities	2.55	1.84	1.9	0.56	0.78
Total Liabilities	6.91	20.65	4.08	3.35	2.49
Common Stock	57.09	15.59	56.3	56.65	56.57
Additional Paid-in Capital	11.2	13.35	11.11	10.92	10.67
Accumulated Other Comprehensive Income	1.5	-0.01	1.23	1.58	1.75
Retained Earnings	-41	-76.1	-53.86	-56.52	-57.68
Total Common Shareholders' Equity	28.8	-18.7	14.78	12.64	11.31
Minority Interest	-	-0.12	-	-	-
Shareholders' Equity	28.8	-18.83	14.78	12.64	11.31
Total Liabilities & Equity	35.71	4.67	18.86	15.99	13.8
Total Debt	2.31	7.31	1.92	0.55	0.56
Net Cash (Debt)	17.19	-7.2	6.01	5.87	3.47
Net Cash Growth	-	-	2.40%	69.14%	36.17%
Net Cash Per Share	13.15	-5.62	4.71	4.65	2.78
Book Value	28.8	-18.7	14.78	12.64	11.31
Book Value Per Share	22.03	-14.59	11.59	10.01	9.07
Tangible Book Value	28.73	-19.31	14.55	12.32	10.91
Tangible Book Value Per Share	21.98	-15.06	11.41	9.76	8.75

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.