Forward Water Technologies Reports Financial Results Ending March 31, 2025

Forward Water Technologies Corp. (TSXV:FWTC) has released its audited financial results for the fifteen-month period ending March 31, 2025. Revenue reached $70,514, while the net comprehensive loss was $(1,678,555), resulting in a loss per share of $(0.053). Total assets were valued at $3,744,565, with $673,249 in cash at the period's end.

The period included a notable reverse takeover of Fraser Mackenzie Accelerator Corp. (FMAC) completed on September 30, 2024, which allowed Forward Water to expand its corporate structure through amalgamation.

CEO C. Howie Honeyman highlighted the successful trial of producing battery-grade lithium carbonate using their iFO™ process, which offers advantages over conventional methods. Forward Water plans to apply this experience to new sectors, including food and beverage.