TORONTO, ON / ACCESS Newswire / November 28, 2025 / Forward Water Technologies Corp. (TSXV:FWTC) (the "Company") is pleased to announce that it has filed its condensed consolidated audited financial statements and related management's discussion and analysis for the three-month and six-month periods ended September 30, 2025. Copies of these financial statements and related management discussion and analysis can be found on the Company's issuer profile at www.sedar.com. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated.
Financial Highlights
For the three-month and six-month periods ended September 30, 2025, the summary of the financial results are as follows:
|
Three Months Ended |
|
|
Six Months Ended |
|
|||
Revenue |
|
$ |
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 End of Period |
|
|
n/a |
|
|
$ |
68,312 |
|
Operating Highlights and Recent Corporate Developments
On July 23, 2025, the Company announced the signing of a contract for a technology evaluation project with a Fortune 500 European Company
On October 29, 2025, the Company closed on a non-brokered offering of $1,025,000 of debenture units. See "Subsequent Events" for further details.
On November 18, 2025, the Company signed a contract for a technology evaluation project with a globally positioned food and beverage product 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
In the last quarter, FWTC has attracted additional interest from major companies by leveraging previous successes. CEO Howie Honeyman noted, "Establishing a solid foothold with one opportunity builds confidence to engage with others. FWTC will capitalize on that momentum to drive greater sector adoption in the coming months." He further emphasized, "We continue to see strong demand for our expertise in direct lithium extraction (DLE), along with growing interest from the food and beverage sector."
Summary of Financial Results
Income Statement
Balance Sheet
Statement of Cash Flows
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.
For more information, please visit www.forwardwater.com.
Contact Information
For more information or interview requests, please contact:
C. Howie Honeyman - Chief Executive Officer
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 news release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws including statements regarding expansion and uptake of the Company's technology and the ability for the Company to achieve its growth strategy and business plan. Forward-looking information is based on plans, expectations and estimates of management at 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 and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected 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 impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than 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 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.
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