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LiqTech International
LiqTech International (LIQT) investor relations material
LiqTech International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Revenue grew 13% year-over-year to $16.5 million, driven by a 49% increase in systems and aftermarket revenue and record pool system sales.
Strategic focus shifted toward higher-value, standardized system sales, especially in pool, industry, and marine segments.
Net loss for FY 2025 narrowed to $8.6 million from $10.3 million in FY 2024; adjusted EBITDA improved to -$5 million from -$6.1 million.
Expansion into new geographies, including the U.S. and six countries overall, with a new Texas service center and a joint venture in China.
Delays in large oil and gas orders impacted original revenue guidance, but the pipeline remains active.
Financial highlights
2025 revenue was $16.5 million, up from $14.6 million in 2024.
Systems and aftermarket sales reached $8.2 million, up from $5.5 million; DPF and ceramic membrane sales declined to $4 million from $5.6 million.
Gross margin improved to 7.6% from 1.7% year-over-year.
Adjusted EBITDA was -$5 million, an improvement from -$6.1 million in 2024.
Ended the quarter with $5.1 million in cash.
Outlook and guidance
2026 revenue guidance is $23 million-$27 million, with positive adjusted EBITDA expected in the mid-to-high range of guidance.
Pool revenue projected at $5 million-$6 million, marine at $4 million, water for energy and industry at $5 million-$8 million, and legacy DPF/plastics at $9 million.
Systems revenue expected to grow 70%-120% to $14 million-$18 million.
Growth driven by pool, industry, and marine segments; oil and gas timing remains unpredictable.
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Next LiqTech International earnings date
Q1 202613 May, 2026
LiqTech International
Next LiqTech International earnings date
Q1 202613 May, 2026
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Frequently asked questions
LiqTech International Inc. develops and manufactures advanced filtration technologies and systems for industrial and environmental applications. The company specializes in silicon carbide membrane technology, which is used in water and wastewater treatment, marine scrubber systems, and other filtration processes. Its products serve industries such as oil and gas, power generation, and aquaculture, offering solutions to address challenges related to water purification and environmental compliance. The company is headquartered in Ballerup, Denmark, and its shares are listed on the NASDAQ.
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