LiqTech International, Inc. reported a revenue of $16.5 million for the fiscal year ending December 31, 2025, marking a 13% increase from $14.6 million in 2024. The company achieved a gross profit of $1.25 million, significantly improving its gross profit margin to 7.6% from 1.7% in the previous year. Despite this positive trend in revenue and profitability, LiqTech recorded a net loss of $8.6 million, an improvement from the $10.3 million loss reported in 2024. The company attributed the revenue growth primarily to increased deliveries of pool filtration systems and industrial water treatment systems, although sales of filters decreased as part of a strategic refocus.
In terms of operational developments, LiqTech expanded its distribution coverage in the Irish swimming pool market and established a service center in Texas to support its U.S. operations. The company also formed a joint venture in Nantong, China, aimed at developing marine water treatment systems, which reflects its strategic intent to penetrate new markets. As of December 31, 2025, LiqTech employed 92 individuals, a slight increase from the previous year, and reported that its customer base included significant clients, with one customer accounting for 12% of total revenue.
The company’s financial performance was impacted by various factors, including a strategic shift towards higher-margin products and a focus on optimizing manufacturing processes. LiqTech's operating expenses decreased slightly to $9.56 million, down from $9.74 million in 2024, primarily due to reduced research and development costs and lower selling expenses. However, the company continues to face challenges related to underutilization of manufacturing capacity and ongoing investments in new technologies, which have affected profitability.
Looking ahead, LiqTech's management expressed cautious optimism about future growth, emphasizing the need for additional funding to support operations and strategic initiatives. The company is actively exploring financing options and has implemented cost optimization measures to enhance liquidity. Despite the uncertainties in the macroeconomic environment, including geopolitical tensions and market volatility, LiqTech aims to leverage its proprietary silicon carbide technology to capture opportunities in the growing water filtration and emissions control markets.
About LIQTECH INTERNATIONAL INC
LiqTech International, Inc. specializes in manufacturing advanced filtration products and systems based on proprietary silicon carbide ceramic membranes and diesel particulate filters. Its core markets include industrial wastewater treatment, oil and gas produced water, marine scrubber wastewater, and emission control for diesel engines. The company leverages innovative nanotechnology, offering durable, cost-effective solutions with competitive advantages in environmental sustainability and system integration.
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