Ballard Energy Techniques Inc. (BLDP:CA) This fall 2025 Earnings Name Transcript

Operator

Thanks for standing by. That is the convention operator. Welcome to the Ballard Energy Techniques Fourth Quarter and Full Yr 2025 Outcomes Convention Name. (Operator Directions) And the convention is being recorded. (Operator Directions)

I’d now like to show the convention over to Sumit Kundu, Investor Relations. Please go forward.

Sumit Kundu
Director of Info Techniques & Investor Relations

Thanks, operator, and good morning. Welcome to Ballard’s fourth quarter and full 12 months monetary and working outcomes convention name. With us on right now’s name are Marty Neese, Ballard’s CEO; and Kate Igbalode, Chief Monetary Officer.

We might be making forward-looking statements which are based mostly on administration’s present expectations, beliefs and assumptions regarding future occasions. Precise outcomes may very well be materially totally different. Please confer with our annual info type and different public filings for our full disclaimer and associated info.

I will now flip the decision over to Marty.

Marty Neese
CEO, President & Impartial Director

Thanks, Sumit, and good morning, everybody. At the moment, I will assessment fourth quarter and full 12 months outcomes. Moreover, I might wish to stroll you thru the structural modifications underway at Ballard and the foundations we’re laying in constructing in the direction of sustained optimistic money stream over the subsequent 2 years.

Let me start with final 12 months’s efficiency. I am happy with our ends in This fall and throughout the complete 12 months. In 2025, we delivered document