Forward Water Technologies Announces Financial Results for the Three-Months and Nine-Months Ended December 31, 2025

Executive Summary

• Forward Water Technologies Corp. filed its condensed consolidated audited financial statements for the three‑month and nine‑month periods ended December 31, 2025.
• The company reported a net loss of $431,376 (‑$0.009 per share) for Q3 2025 and a cumulative net loss of $1,361,261 (‑$0.027 per share) for the first nine months of 2025.
• Operating highlights include issuance of convertible debenture units totaling $1.025 M on Oct. 29 2025 and signing of a technology evaluation contract with a global food & beverage manufacturer on Nov. 18 2025.

Key Details

• Revenue: $54,356 (Q3 2025) vs. $59,048 (nine‑month total).
• Net Loss / Comprehensive Loss: $(431,376) for Q3 2025; $(1,361,261) for nine months ended Dec 31 2025.
• Loss per Share: $(0.009) (Q3); $(0.027) (nine‑month).
• Cash at End of Period: $656,342 (nine‑month).
• Convertible Debenture Offering (Oct 29 2025): 1,025 units; each unit = $1,000 principal debenture + 5,000 common share purchase warrants.
• Principal amount: $1,025,000.
• Warrants exercise price: $0.07 per share (until Oct 29 2026) and $0.10 thereafter (expires Oct 29 2028).
• Debentures bear 14% annual interest, mature Oct 29 2028; conversion price $0.07 (to Oct 29 2026) then $0.10.
• Technology Evaluation Contract (Nov 18 2025): Agreement with a globally positioned food & beverage product manufacturer to assess FWTC’s treatment technology for concentrating liquid streams.
• Operating Expenses (nine months ended Dec 31 2025):
• General & administrative: $745,824
• Research & development: $609,494
• Selling & marketing: $10,335
• Finance costs: $77,932
• Financing Activities (nine months):
• Proceeds from convertible debentures: $969,500
• Repayment of bank loan payable: $(7,605)
• Net cash provided by financing activities: $959,449
• Investing Activities (nine months): Purchase of property & equipment: $(26,127).
• Balance Sheet Highlights (Dec 31 2025):
• Total assets: $3,321,083
• Current liabilities: $529,559
• Shareholders’ equity: $1,597,343

Notable Quotes

“In the last quarter we were pleased with the response to our convertible debenture offering, underscoring the confidence the market has in FWTC. Moreover, with the execution of the development projects we have been contracted to complete, we anticipate significant validation of our technology in the wastewater and food & beverage sectors to be reported.” – C. Howie Honeyman, CEO

Materiality Assessment: Material – Negative (financial results disclose substantial losses and financing activities that are material to investors).