Ballard Power Systems Inc. (BLDP) Q2 2025 Earnings Call Transcript

Ballard Power Systems Inc. (NASDAQ:BLDP) Q2 2025 Earnings Conference Call August 11, 2025 11:00 AM ET

Company Participants

Jay Murray – Corporate Participant
Marty T. Neese – CEO, President & Independent Director
Sumit Kundu – Corporate Participant

Conference Call Participants

Craig Irwin – ROTH Capital Partners, LLC, Research Division
Jeffrey David Osborne – TD Cowen, Research Division
MacMurray Davidson Whale – Cormark Securities Inc., Research Division
Robert Duncan Brown – Lake Street Capital Markets, LLC, Research Division

Operator

Thank you for standing by. This is the conference operator.

Welcome to the Ballard Power Systems Second Quarter 2025 Results Conference Call. [Operator Instructions] The conference is being recorded. [Operator Instructions]

I would now like to turn the conference over to Sumit Kundu, Investor Relations. Please go ahead.

Sumit Kundu

Thank you, operator, and good morning.

Welcome to Ballard’s Second Quarter Financial and Operating Results Conference Call. Joining me today is Marty Neese, Ballard’s new President and Chief Executive Officer; and Jay Murray, our Vice President of Finance and Corporate Controller, who is stepping in for Kate Igbalode this quarter. We will be making forward-looking statements that are based on management’s current expectations, beliefs and assumptions concerning future events. Actual results could be materially different. Please refer to our most recent annual information form and other public filings for our complete disclaimer and related information.

I’ll now turn the call over to Marty.

Marty T. Neese

Thanks, Sumit. Good morning, everyone.

As this is my first earnings call as CEO of Ballard, I’d like to begin by sharing some of my background and the principles I bring to Ballard. I’ll apologize in advance for talking a bit about myself, but I believe context is important, both for understanding the journey that brought me here and the perspective I bring to our path forward. As the saying goes, the