Westport Fuel Systems, Inc. · TSX:WPRT
Westport Fuel Systems — Q1 2026 Earnings Presentation
11 slides from Westport Fuel Systems's earnings presentation, May 15, 2026
Slide 1: Driving Cleaner Performance
Driving Cleaner Performance Q4 2025 Results NASDAQ, TSX: WPRT April 24, 2026
Slide 2: Speaking Today…
Speaking Today… Dan Sceli Elizabeth Owens Chief Executive Officer Chief Financial Officer 2
Slide 3: Disclaimer and Forward-Looking Statements
Westport Fuel Systems Disclaimer and Forward-Looking Statements This presentation contains forward-looking statements that are based on the beliefs of management and reflects our current expectations as contemplated under the safe harbor provisions of Section 21E of the United States Securities Act
Slide 4: Strategic Progress and Market Momentum
Strategic Progress and Market Momentum Cespira / HPDI Momentum TM • Volvo milestone: 10,000+ natural gas trucks delivered Transformational Year for Westport • Demonstrates accelerating adoption of HPDITM technology • Completed divestiture of Light-Duty business • Received $6.5M escrow payment • UK l
Slide 5: FY 2025 Highlights
Q4 and FY 2025 Highlights Strong cash balance reflecting 1 Cash (US$ Millions) successful sale of Westport's Light Duty Segment • December 31, 2025 cash and cash equivalents position increased by $12.4 million to $27.2 million compared to $27.2 $14.8 million at December 31, 2024. $14.8 • The increas
Slide 6: FY 2025 Highlights
Q4 and FY 2025 Highlights Debt reduction > 57% 2 Debt* (US$ Millions) • Exiting 2025, with the proceeds from the disposition of Westport’s Light-Duty segment. • Including the Light Duty segment at year-end 2024, reduced debt by more than 90%. • Our outstanding debt now consists solely of a $2.9 mill
Slide 7: FY 2025 Highlights
Q4 and FY 2025 Highlights Cespira is driving 3 Cespira Revenue Growth (US$ Millions)1 improvement • Total revenue generated in Q4 2025 was $29.3 million compared to $22.9 million in the same period last year, an $29.3 increase of 28%. $22.9 • Volvo’s milestone of more than 10,000 natural gas trucks
Slide 8: Q4 and Fiscal Year 2025 Results
Q4 and Fiscal Year 2025 Results • Q4 2025 Revenue: $1.9M ↓ (from $7.3M last year) Full Year: $23.3M ↓ vs. $40.7M — decline due to conclusion of the transitional service agreement • Adjusted EBITDA Q4 2025: -$9.9M ↓ (from -$1.9M) Full Year: -$17.3M ↓ vs. -$11.4M • Net Loss Q4 2025: -$8.8M ↑ (improved
Slide 9: Setting the Stage for a New Beginning
Setting the Stage for a New Beginning Business Units: • High-Pressure Controls revenue: $1.9M Q4 2025; $8.3M FY 2025 vs. $1.6M Q4 2024; $9.4M FY 2024 • High-Pressure Controls gross profit FY 2025: $0.9M (11% of revenue), down from $2.2M (23%) FY 2024 • Cespira Q4 2025 revenue up 28%: $29.3M vs. $22.
Slide 10: Key Takeaways: The Right Place, Right Time, and Right Technologies
Key Takeaways: The Right Place, Right Time, and Right Technologies Market Reality Westport’s Advantage Execution Focus Fleet operators prioritize Cespira’s HPDI platform Cespira milestone achieved: durability, uptime, and total delivers diesel-like performance 10,000+ HPDI-powered natural cost of ow
Slide 11: Thank You
Thank You 11
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