Financial highlights
For the three and six month periods ended September 30, 2025, the summary of financial results is as follows:
Three months ended | Six months ended | |||||||
Gain | $ | 0 | $ | 4,692 | ||||
Net loss/comprehensive loss | $ | (482,354 | ) | $ | (929,885 | ) | ||
Loss per share | $ | (0.010 | ) | $ | (0.019 | ) | ||
Total assets | n/a | $ | 2,906,329 | |||||
Cash at the end of the period | n/a | $ | 68,312 | |||||
Operational highlights and recent business developments
On July 23, 2025, the company announced the signing of a contract for a technology assessment project with a European Fortune 500 company
On October 29, 2025, the Company closed a non-brokered offering of $1,025,000 of note units. See “Subsequent Events” for more details.
On November 18, 2025, the company signed a contract for a technology assessment project with a globally positioned food and beverage manufacturer. The project will assess the effectiveness of FWTC’s treatment technology for concentrating liquid food and beverage streams to create superior quality concentrates.
Management commentary
Over the past quarter, FWTC has attracted additional interest from major companies by capitalizing on previous successes. CEO Howie Honeyman commented, “Establishing a strong foothold with one option builds confidence to connect with others. FWTC will capitalize on that momentum to drive greater industry adoption in the coming months.” He further highlighted: “We continue to see strong demand for our direct lithium extraction (DLE) expertise, along with growing interest from the food and beverage sector.”
Summary of Financial Results
Income statement
Balance
Statement of cash flows
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the planet’s water supply using patented Forward Osmosis technology. The company was founded by GreenCentre Canada, a leading technology innovation center supported by the Canadian government. The company’s technology makes it possible to reduce troublesome waste streams while simultaneously returning freshwater for reuse or surface discharge. The company’s mandate is to focus on the large-scale implementation of its technology across multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately the municipal water supply and reuse market sectors. In addition, the company has initiated early-stage research and development for the treatment of food and beverage process streams.
For more information, please visit www.forwardwater.com.
Contact details
For further information or interview requests, please contact:
C. Howie Honeyman – General Manager
howie.honeyman@forwardwater.com
416-451-8155
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking information” as that term is used in applicable Canadian securities legislation, including statements regarding the expansion and adoption of the Company’s technology and the Company’s ability to achieve its growth strategy and business plan. Forward-looking information is based on management’s plans, expectations and estimates as of the date the information is provided and is subject to certain factors and assumptions, including the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks, uncertainties and other factors that could cause plans, estimates and actual results to differ materially from those anticipated in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the effects of the coronavirus or other epidemics, general economic conditions in Canada, the United States and worldwide; unexpected operational events; the availability of capital on acceptable terms; the need to obtain required regulatory approvals; stock market volatility, as well as the other risks and uncertainties applicable to the Company, as set forth in the Company’s ongoing disclosure filings filed under the Company’s profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, except as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information
SOURCE: Forward Water Technologies Corp.
View the original press release on ACCESS Newswire
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