Westport Fuel Systems Inc
TSX:WPRT

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Westport Fuel Systems Inc Logo
Westport Fuel Systems Inc
TSX:WPRT
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Price: 2.31 CAD 1.32% Market Closed
Market Cap: 40.1m CAD

Westport Fuel Systems Inc
Investor Relations

Westport Fuel Systems, Inc. is a transportation technology company. The company is headquartered in Vancouver, British Columbia and currently employs 1,797 full-time employees. The firm's segments include OEM, Independent Aftermarket (IAM), and the CWI Joint Venture. Its OEM segment designs, manufactures, and sells alternative fuel systems, components, and electronics, including the Westport HPDI 2.0 product and related engineering services, to original equipment manufacturers (OEMs) and to supplier OEMs. Its IAM segment designs, manufactures, and sells alternative fuel systems and components that consumers can purchase and have installed onto their vehicles to use liquefied petroleum gas (LPG) or compressed natural gas (CNG) fuels in addition to gasoline. The CWI Joint Venture is engaged in the business of developing, marketing, and selling spark-ignited natural gas or propane engines for on-highway use.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 11, 2025
AI Summary
Q3 2025

Revenue Decline: Westport reported Q3 2025 revenue of $1.6 million, down significantly from $4.9 million a year ago, mainly due to the divestiture of the Light-Duty segment.

Cespira Growth: Cespira, Westport's joint venture, saw revenue rise 19% year-over-year to $19.3 million, driven by higher volumes.

Profitability Pressures: Adjusted EBITDA was negative $5.9 million, down from negative $0.8 million last year, reflecting lower gross profit after divestitures.

Improved Cash Position: Cash and cash equivalents rose to $33.1 million, boosted by proceeds from the Light-Duty business sale, with debt reduced to $3.9 million.

Gross Margin Expansion: Gross margin improved to 31% from 14% last year, helped by higher-margin engineering services.

Cost Reductions Ahead: Management expects further cost cuts, targeting a 60% reduction in capital expenditures and 15% in SG&A for 2026.

Strategic Refocus: The company emphasized a sharper focus on heavy-duty and alternative fuel systems, including a new CNG solution for North America.

Key Financials
Revenue
$1.6 million
Cespira Revenue
$19.3 million
Adjusted EBITDA
-$5.9 million
Net Loss from Continuing Operations
-$10.4 million
Gross Margin
31%
Cash and Cash Equivalents
$33.1 million
Outstanding Debt
$3.9 million
Net Cash Used in Operating Activities
$4.5 million
Net Cash Provided by Investing Activities
$14.5 million
Net Cash Used in Financing Activities
$1 million
Cespira Gross Profit
-$1.1 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. William Edward Larkin
Chief Financial Officer
No Bio Available
Mr. Lance Garner Follett
Chief Legal Officer & Executive VP of Corporate Development
No Bio Available
Mr. Bart van Aerle
Executive Vice President of IAM & LD OEM
No Bio Available
Mr. Daniel Sceli
CEO & Director
No Bio Available
Ms. Ashley Nuell
Senior Director of Investor Relations
No Bio Available
Mr. Frank Luigi Spiniello
Vice-President Finance Operations
No Bio Available
Jeremy Chan
Associate General Counsel & Corporate Secretary
No Bio Available
Mr. Maurizio Grando
Executive Vice President of Applied Technologies Group
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
101 - 1750 West 75th Avenue
Contacts
+16047182000.0
wfsinc.com