BQE Water Inc

BQE Water Inc

BQE.V
BQE Water IncCA flagToronto Stock Exchange Ventures
70.00
CAD
-1.99
- -
91.07MMarket Cap
BQE Water Inc
BQE.V
(Toronto Stock Exchange Ventures)

Recent

price

70.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.96
9.83
6.97
5.81
3.92
3.88
4.22
4.32
4.48
4.67
6.33
6.1
9.73
14.49
13.52
27.46
23.77
Revenue per Share
-14.95
-6.75
-4.46
-9.19
-1.79
-1.52
-2.47
-0.38
0.16
0.2
0.96
2.13
0.93
2.12
3.78
6.23
3.85
Basic EPS, GAAP
0.22
-4.68
-3.65
-6.54
-1.71
-1.21
-0.88
-1.61
-0.69
-0.27
0.1
-0.36
-0.44
0.55
1.87
3.77
-0.12
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
27.24
21.21
16.89
10.14
7.11
6.42
5.06
4.68
5.28
5.29
6.64
9.09
10.06
11.85
15.95
22.18
22.93
Book Value per Share
27.11
21.11
16.84
10.13
7.11
6.42
5.06
4.68
5.28
5.29
6.64
8.77
9.8
11.67
15.84
22.13
22.91
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
9
7
5
4
4
4
4
4
4
6
8
8
12
18
17
36
31
Sales/Revenue/Turnover
-16.75
-53.74
-89.87
-112.64
-69.97
-50.12
-23.99
-35.09
-12.12
-2.26
1.8
-1.4
-0.95
15.35
3.78
17.36
7.38
Operating Margin (%)
1
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
Depreciation Expense
-11
-5
-3
-6
-2
-1
-2
- -
- -
- -
1
3
1
3
5
8
5
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
45.3
31.49
8.07
4.72
21.02
6.72
- -
- -
6.17
Effective Tax Rate (%)
-124.98
-68.66
-63.97
-158.07
-45.55
-39.27
-58.7
-8.9
3.52
4.28
15.16
35.01
9.56
14.63
27.97
22.69
16.21
Profit Margin (%)
14
8
4
2
1
1
2
1
1
2
4
5
7
11
13
21
21
Working Capital
- -
- -
- -
- -
- -
- -
1
1
- -
- -
1
- -
- -
2
2
2
3
LT Debt
21
16
13
7
7
6
5
4
6
6
8
11
13
15
21
29
30
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
-4.59
-1.32
1.62
-0.96
-0.73
17.35
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
3.67
3.91
15.2
25.74
9.44
18.72
- -
- -
46.08
Return on Capital (%)
-40.76
-27.87
-23.42
-64.78
-23.59
-22.17
-43.12
-7.89
2.79
3.77
16.11
27.11
9.7
19.36
27.22
32.69
18.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
1
1
1
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
83
88
93

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26
24
26
Cash, Cash Equivalents & STI
20
18
17
Accounts Receivable, Net
5
4
8
Inventories
- -
- -
- -
Total Current Liabilities
4
4
5
Payables & Accruals
3
2
3
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.09%
29.54%
40.27%
Free Cash Flow
-49.74%
-61.86%
105.47%
Net Income, GAAP
62.72%
69.35%
67.82%
Sales/Revenue/Turnover
29.51%
42.05%
106.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
3
6
4
17
2025
7
11
9
8
36
2026
5
9
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.39
0.44
2.75
- -
3.78
2025
1.34
1.48
2.15
- -
6.23
2026
-0.98
1.42
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
BQE Water Inc. provides integrated water management services and treatment solutions to the metals mining, smelting and refining industries. The Company offers lifecycle mine-water services spanning early-stage water assessments and advisory; permitting support, laboratory testing and pilot studies; process and detailed design engineering; construction support; commissioning; contract operation and maintenance of water treatment facilities; clean-water production; emergency-response services; and sustainable closure and post-closure water-management strategies. Its treatment capabilities address mine drainage, waste-rock-pile runoff, tailings water, groundwater, lime-plant influent and effluent, and metallurgical process streams, including removal or management of dissolved metals, sulphate, selenium, nitrate, cyanide and acids. BQE Water applies proprietary and specialized processes, including sulphide precipitation, SART treatment for cyanide recovery and metal removal, selenium treatment, biological sulphate reduction, lime neutralization and hydrometallurgical water-treatment solutions. The Company serves mining operators, smelters, refineries, mine developers, regulators and project stakeholders through projects in Canada, the United States, Latin America, China and other international markets, with regional operations in Chile and China. Founded in 1997 and headquartered in Vancouver, British Columbia, Canada, BQE Water is the ultimate parent of its consolidated group and is listed on the TSX Venture Exchange under the symbol BQE. Recent developments include the February 2026 agreement with Hudbay Minerals Inc. to implement Canada’s first SART plant; the commencement in May 2026, through an Inuit-based joint-venture partnership, of a contract to operate five treatment systems at Canadian Royalties Inc.’s Nunavik Nickel Project; the remobilization of its operating team at the Minto Mine during the second quarter of 2026; continued operation of three treatment plants at Jiangxi Copper Company’s Dexing and Yinshan mines in Jiangxi Province, China, through a 50/50 joint venture; and a 2026 contract with Elsa Reclamation & Development Company Ltd. to operate water treatment facilities.