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BQE Water's Q4 Profit Rises on Higher Revenue

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BQE Water (BQE.V) on Thursday reported a 36% rise in its fourth-quarter profit on higher revenue.

Net income for the three months ended Dec. 31 rose to $1.65 million from $1.21 million in the same period a year earlier.

Revenue for the quarter rose to $7.50 million from $5.09 million in the prior-year period.

In its 2026 outlook, the company said it has "good visibility and certainty over several larger technical services contracts and expect strong results in the first half of 2026". It added operations services for the emergency treatment system at Eagle Mine will continue until June 2026. "Since we do not have an agreement to operate the system for more than 6 months, we will continue to report this project under technical services," it added.

BQE noted its new aquatic toxicology laboratory will become operational and be able to perform a range of specialized investigative tests in prior to the end of the second quarter.

"Building on our strong growth throughout the year, we closed out the fourth quarter achieving new records across nearly every key metric in our annual results. During the fourth quarter, we completed the operating season at Eagle Mine discharging over 1 million cubic meters of clean water for emergency treatment and mobilized our team to be ready to operate the 20-year operations service contract at the Britannia Mine treatment plant," said chief executive David Kratochvil.

"It will be another growth year in 2026 for BQE, as we anticipate continuing our emergency treatment at Eagle, restarting/resuming operations at the 7 sites we operated in 2025, and taking over operations at 4 additional treatment plants in BC, Quebec, and the Yukon."

Shares of the company closed up $0.50 at $73 on TSX Venture Exchange.

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