Westport Fuel Systems Inc
TSX:WPRT
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Westport Fuel Systems Inc
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Westport Fuel Systems Inc
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.
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.
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.
