Overview

* Ballard Q2 revenue rises 11% YoY, in line with analyst expectations, per LSEG data

* Company initiates strategic realignment to achieve positive cash flow by 2027

* Order backlog decreases 7% compared to Q1 2025

Outlook

* Ballard expects 2025 revenue to be back-half weighted

* Total Operating Expense guidance for 2025 is $100-$120 mln

* Capital Expenditure guidance for 2025 is $15-$25 mln

* Focus on strongest products and cost reduction activities to support margin expansion

Result Drivers

* HEAVY-DUTY MOBILITY - Revenue growth driven by bus and rail deliveries to North American and European customers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Meet $17.80 $17.60

Revenue mln mln (9

Analysts

)

Q2 -$30.60

Adjusted mln

EBITDA

Q2 EPS -$0.08

continui

ng

operatio

ns

Q2 $31.70

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)