Clean TeQ Water Ltd (ASX:CNQ): Which Projects Defined Its FY26 Activity?

Aditi Sarkar

02 November 2026 05:54 PM AEDT

Clean TeQ Water Ltd (ASX:CNQ): Which Projects Defined Its FY26 Activity?

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Key Highlights

In the supplied earlier trading figures, Clean TeQ Water Ltd (ASX:CNQ) was quoted at AUD 0.565, up 8.65%; that Quotation is not a verified 2 November intraday price. The article reviews FY26 financial performance and operational developments.
Revenue rose 71% to AUD 19.7 million in FY26 and the after-tax loss narrowed to AUD 2.2 million from AUD 2.8 million.
The company secured an approximately AUD 19 million contract for a lithium brine softening plant at the Rincon project in Argentina.

Clean TeQ Water Ltd (ASX:CNQ) operates in water treatment, critical minerals extraction and mine tailings technology. In the supplied earlier trading figures, Clean TeQ Water Ltd (ASX:CNQ) was quoted at AUD 0.565, up 8.65%; that quotation is not a verified 2 November intraday price. Its FY26 results and operating updates provide information on sales, profitability, cash movement and company-specific initiatives. The measures below retain their original reporting periods.

Financial Performance and Comparisons

Revenue rose 71% to AUD 19.7 million in FY26 and the after-tax loss narrowed to AUD 2.2 million from AUD 2.8 million. The comparison covers the full-year reporting period and preserves the reported measurement rather than substituting one operating metric for another. For Clean TeQ Water Ltd (ASX:CNQ), that distinction is relevant when the company reports different Revenue and Earnings measures.

Operating cash flow turned positive at AUD 0.3 million compared with an outflow of AUD 2.9 million in FY25. These measures are reported separately and retain their source definitions.

The company secured an approximately AUD 19 million contract for a lithium brine softening plant at the Rincon project in Argentina. The reported movements refer to the company’s own operating and financial measures. Percentage changes and absolute amounts are retained here with their associated periods. Where the company presents expectations or guidance, those statements are plans for a future period rather than completed results.

Cash Position and Operating Activity

Year-end cash and deposits totalled AUD 8.7 million; the company completed an AUD 6 million Equity Placement and repaid its term loan. Cash, Leverage and Capital spending figures provide additional information on the reporting period beyond the income statement. The stated balances refer to the dates specified in the source document and should not be read as amounts available at a later reporting date.

Other activities included a AUD 10.4 million DESALX project in Belgium and a 750,000-tonne-per-annum ATA tailings plant contract at Rasp Mine. These activities form part of the operating context alongside the income statement. Project awards, acquisitions, asset deployments and prospective work are different categories of activity, so the reported milestones are described without assuming that they have already generated a particular amount of profit.

Business Developments and Reporting Context

Key Insights

Clean TeQ Water Ltd (ASX:CNQ) reported revenue rose 71% to AUD 19.7 million in FY26 and the after-tax loss narrowed to AUD 2.2 million from AUD 2.8 million. Year-end cash and deposits totalled AUD 8.7 million; the company completed an AUD 6 million equity placement and repaid its term loan. The operating developments and reported metrics outline the scope of the FY26 reporting period without establishing any relationship to the quoted share-price movement.

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