Quest Water Global Reports $339,494 Net Loss for Six Months Ending June 30, 2025

Quest Water Global, Inc. has reported its financial results for the six months ending June 30, 2025, revealing a net loss of $339,494, a decrease from the $472,725 loss recorded during the same period in 2024. The company did not generate any revenue in either period, maintaining a consistent trend of no sales. The loss per share for the current period was $0.003, compared to $0.004 in the previous year. Total expenses for the first half of 2025 were $339,494, down from $472,725 in 2024, primarily due to a significant reduction in consulting fees, which dropped from $187,355 to $50,000.

In terms of financial position, Quest Water reported total assets of $72,343 as of June 30, 2025, a substantial increase from $1,533 at the end of 2024. This increase was largely attributed to a $66,726 receivable from a related company. However, total liabilities also rose to $2,816,997, up from $2,406,693, resulting in a working capital deficiency of $2,811,380 and an accumulated deficit of $12,932,490. The company continues to rely heavily on advances from related parties to fund its operations, receiving $437,894 in financing during the first half of 2025.

Operationally, Quest Water has not reported any significant changes in customer counts or product adoption rates, as it continues to focus on its AQUAtap Community Water Purification and Distribution systems. The company has been actively pursuing partnerships to expand its reach, including a recent public-private partnership agreement with the National Office for Rural Hydraulics in the Democratic Republic of Congo, aimed at manufacturing and installing 300 community water centers over the next five years. This partnership is expected to require a total investment of $30 million from Quest Water.

Looking ahead, the company plans to continue addressing water supply issues in the Democratic Republic of Congo and anticipates needing at least $990,000 to support its operations over the next 12 months. Quest Water is exploring various financing options, including debt and equity financing, to meet its cash requirements. However, the company acknowledges that its ability to continue as a going concern is dependent on securing additional funding and achieving profitable operations, raising substantial doubt about its future viability.