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Clean TeQ Water Ltd
(Sydney:CNQ)
Clean TeQ Water Ltd (CNQ) vs. iShares MSCI Australia ETF (EWA)
Clean TeQ Water Ltd Business Overview & Revenue Model
Clean TeQ Water Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.57M | 11.50M | 11.50M | 12.34M | 11.35M |
| Gross Profit | 2.41M | 294.59K | -3.49M | -3.24M | -7.77M |
| EBITDA | 666.68K | -1.92M | -5.49M | -5.00M | -10.96M |
| Net Income | -900.81K | -3.04M | -4.28M | -5.49M | -11.06M |
Balance Sheet | |||||
| Total Assets | 16.94M | 12.35M | 13.38M | 12.53M | 12.59M |
| Cash, Cash Equivalents and Short-Term Investments | 5.58M | 2.52M | 2.15M | 4.63M | 5.90M |
| Total Debt | 1.59M | 2.77M | 343.30K | 343.15K | 24.98K |
| Total Liabilities | 7.72M | 8.37M | 5.80M | 4.54M | 3.85M |
| Stockholders Equity | 9.34M | 4.09M | 7.58M | 7.99M | 8.74M |
Cash Flow | |||||
| Free Cash Flow | -1.10M | -2.96M | -3.83M | -5.79M | -10.63M |
| Operating Cash Flow | -1.02M | -2.86M | -3.80M | -5.56M | -10.44M |
| Investing Cash Flow | 1.07M | 203.97K | -28.44K | -224.91K | 16.28M |
| Financing Cash Flow | 3.99M | 2.35M | 1.17M | 4.87M | -268.82K |
Clean TeQ Water Ltd Technical Analysis
Clean TeQ Water Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | AU$171.73M | 6.61 | 7.04% | 2.95% | 4.52% | -31.16% | |
54 Neutral | AU$85.61M | -82.07 | 10.86% | ― | 13.51% | 5.08% | |
52 Neutral | AU$33.61M | -26.00 | -48.27% | ― | >-0.01% | 31.60% | |
50 Neutral | AU$16.80M | 3.47 | -38.32% | ― | 2.69% | -273.87% | |
48 Neutral | AU$4.36M | 134.83 | 0.29% | ― | 7.44% | ― |
Clean TeQ Water Ltd Corporate Events
Clean TeQ Water reported a strong improvement in its financial performance for the half-year ended 31 December 2025, with revenue from continuing operations rising 120% to $9.3 million on the back of increased project delivery. The company reduced its loss from continuing operations after tax by 86% to $0.3 million and cut total comprehensive loss by 97% to $0.1 million, although it did not declare a dividend, indicating a continued focus on strengthening its balance sheet and operational footing.
Net tangible assets per ordinary share improved to $0.06 from a net tangible liability of $0.01 a year earlier, underscoring progress in the company’s financial position. The half-year accounts, covering the period from 1 July to 31 December 2025 and reviewed by Grant Thornton, reflect Clean TeQ Water’s ongoing transition toward greater scale and efficiency, with implications for enhanced resilience and potential future value for shareholders as operational performance improves.
The most recent analyst rating on (AU:CNQ) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has secured a Phase 2 execution contract worth about €6.14 million (~A$10.4 million) from Nyrstar to deliver a full-scale DESALX wastewater treatment system at the Nyrstar Balen operations in Belgium. The deal follows successful completion of Phase 1 engineering and includes provisional services, with the DESALX system designed to remove sulphate and selenium from industrial process water to meet environmental discharge standards.
The contract is described as a significant milestone that converts a complex project from engineering into execution for a major global resources company, expanding Clean TeQ’s portfolio of reference projects using its MBIX technology. It is also the company’s second major full-scale project in Europe, underscoring growing regional demand for advanced wastewater treatment as regulations tighten, with key equipment deliveries scheduled through 2026 and early 2027 before installation and commissioning are completed.
The most recent analyst rating on (AU:CNQ) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has completed performance testing and commissioning of its CLEAN-IX® U-Column uranium processing plant for Heathgate Resources in South Australia, confirming that the system met or exceeded targets for higher uranium grades and purity, lower water consumption and greater operational efficiency. The project moves the company’s Moving Bed Ion Exchange technology from engineering into full-scale operations at a leading in-situ recovery uranium mine, demonstrating strong environmental performance and compatibility with ISR methods.
The installation provides Clean TeQ Water with a high-profile reference site in the uranium sector and showcases the flexibility of its MBIX platform, which can be adapted for other critical metals such as rare earths, base metals and lithium. By delivering a scalable, water-efficient processing solution at a time of rising electricity demand and strategic focus on secure uranium supply, the company strengthens its positioning in clean energy supply chains and opens the door to further uranium processing opportunities in Australia and abroad.
The most recent analyst rating on (AU:CNQ) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has issued a Q2 FY26 shareholder update focused primarily on cautionary disclosures rather than operational or financial developments. The company emphasises that the document is not a disclosure prospectus or an offer to acquire securities and urges investors to consider their own objectives and seek independent advice before making investment decisions.
The release centres on extensive forward‑looking statement warnings, highlighting that any projections or expectations are subject to significant risks, uncertainties and factors beyond management’s control, including technology development, project delivery, financing, regulatory approvals, market conditions and broader economic and geopolitical conditions. Clean TeQ Water stresses that actual outcomes may differ materially from current expectations and that it has no obligation to update these statements, underscoring a conservative communication stance aimed at managing investor expectations and legal exposure.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has applied to the ASX to quote 2,150 new fully paid ordinary shares, issued on 2 February 2026, under its ticker code CNQ. The relatively small issuance arises from the exercise or conversion of existing options or other convertible securities and marginally increases the company’s quoted share capital, indicating routine capital management rather than a material change to its operations or financial position.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has invited shareholders and investors to a Zoom webinar on 3 February 2026, during which CEO and Managing Director Peter Voigt will provide a business update, review quarterly highlights, discuss project developments, and outline the company’s outlook, followed by a live Q&A session. The event underscores the company’s effort to maintain active engagement with the market and provide transparency on its operational progress and strategic direction across its global water treatment, lithium and mine-tailings remediation businesses.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
In the December 2025 quarter, Clean TeQ Water reported strong operational momentum, highlighted by a US$12.5 million MBIX contract for Rio Tinto’s Rincon Lithium Project in Argentina, new engineering mandates for scandium production with Sunrise Energy Metals and tailings dewatering in New South Wales, and further international expansion via a HIROX® pilot in the Middle East and commissioning of a PHOSPHIX® nutrient removal plant in Ireland. The company advanced key technologies across lithium, uranium and wastewater projects, completed detailed design for a DESALX® system in Europe, progressed its Go2Lithium cDLE® demonstration plant in the Middle East, and strengthened its balance sheet with a $6 million capital raise, full repayment of a $1 million loan, and cash reserves of $5.6 million, underscoring its transition from pilot-scale to repeatable commercial deployments and reinforcing its positioning in water treatment and critical minerals processing markets.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has secured a A$665,160 engineering services contract from Sunrise Energy Metals to update key design elements for the Syerston Scandium Project in New South Wales, including the continuous Resin-in-Pulp circuits underpinned by its MBIX ion exchange technology and the refinery circuits. The 16‑week assignment, due for delivery in May 2026, will feed into Sunrise’s Final Investment Decision and broader investment readiness work for one of the world’s largest and highest‑grade primary scandium resources, which has recently seen a material increase in inventory and improved project economics. The deal underscores the long‑standing technical collaboration between the two companies and reinforces Clean TeQ Water’s credentials in critical metals recovery, positioning it for potential future roles in engineering, procurement and construction on the project should Sunrise approve development, although no such commitment currently exists.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has notified the market of the issue of 884,277 unquoted options, effective 20 January 2026. The options form part of previously announced transactions and are not intended to be quoted on the ASX, indicating the company is using unlisted equity instruments to support its capital structure or incentive arrangements without diluting its quoted share base in the public market.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water has disclosed a change in director Peter Voigt’s interests following the issue of additional fully paid ordinary shares under a previously announced capital raising. Through his indirect holding via Thierville Pty Ltd as trustee for The Star Super Fund, Voigt acquired 1,351,352 shares at $0.37 per share, increasing his indirect stake in the company to 2,360,822 fully paid ordinary shares, while his direct share and performance rights holdings remain unchanged. The new shares form part of Tranche 2 of the capital raising that received shareholder approval at an extraordinary general meeting on 15 January 2026, signalling continued director participation in the company’s equity and aligning management’s financial interests with those of other shareholders.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has applied to the ASX for quotation of 1,351,352 new fully paid ordinary shares (ASX code: CNQ), with an issue date of 19 January 2026. The listing of these additional securities, issued under a previously announced transaction, will modestly expand the company’s quoted share capital and may provide incremental liquidity for existing and new investors once the shares commence trading.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has issued 1,351,352 fully paid ordinary shares at $0.37 per share to investor Peter Voigt under Tranche 2 of a previously announced placement that was approved by shareholders on 15 January 2026. The company confirmed the shares were issued without a prospectus under the Corporations Act’s cleansing provisions, stated it remains compliant with its periodic and continuous disclosure obligations, and noted there is no excluded information, clearing the way for an Appendix 2A to formalise the new share issue and ensuring transparency for existing and prospective shareholders.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has reported the results of its extraordinary general meeting held on 15 January 2026, where shareholders strongly backed three capital-related resolutions. Investors approved the ratification of a prior issue of Tranche 1 placement shares, the issue of broker options, and the issue of Tranche 2 placement shares to Peter Voigt, each carried with clear majorities on a poll, reinforcing the company’s funding initiatives to support its growth in water treatment and resource recovery markets.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has applied to the ASX for quotation of 2,150 new fully paid ordinary shares, to be listed under its existing ticker CNQ. The small issuance of additional securities, arising from the exercise or conversion of existing instruments, represents a routine capital management action with limited direct impact on the company’s capital structure but reflects ongoing shareholder participation in its equity.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Ltd has reported a change in the securities held by director Peter Leonard Voigt, in line with ASX disclosure requirements on director interests. The company advised that 109,524 unquoted performance rights held directly by Voigt lapsed and were cancelled on 1 January 2026 after vesting conditions were not met, leaving his direct holdings unchanged in fully paid ordinary shares and other unquoted performance rights with various future vesting dates, as well as his indirect shareholding through Thierville Pty Ltd as trustee for The Star Super Fund.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has announced that 501,813 performance rights (ASX code: CNQAP), which were due to expire on various dates, have lapsed effective 1 January 2026 because their vesting conditions were not met or became incapable of being satisfied. The lapse of these conditional rights reduces the company’s pool of potential equity-based remuneration and slightly lowers future potential share dilution, but does not involve any cash impact or change to existing issued ordinary shares.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has advanced its HIROX® technology with a pilot deployment in collaboration with National Energy Services Reunited Corp (NESR) in the Middle East. This pilot, part of NESR’s broader program to assess wastewater treatment solutions, aims to demonstrate HIROX®’s commercial scalability and suitability for complex industrial wastewaters, particularly in high-salinity environments. The deployment is strategically significant for Clean TeQ’s market entry and technology validation in the MENA region, although it is not expected to materially impact the company’s financial position.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Limited has announced an Extraordinary General Meeting to be held virtually on January 15, 2026. Shareholders are encouraged to participate by lodging a proxy or attending the meeting online. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s strategic decisions and future direction.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
Clean TeQ Water Ltd announced a change in the director’s interest, with Peter Leonard Voigt acquiring 3,487,838 unquoted performance rights. This change, approved at the company’s 2025 Annual General Meeting, reflects a strategic move to align the director’s interests with the company’s long-term performance goals, potentially impacting stakeholder confidence and the company’s market positioning.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.