Quarterly ResultApr 23, 2026, 05:01 PM
Westport Fuel Systems Reports Q4 & FY2025 Results, Highlights Divestment
AI Summary
Westport Fuel Systems reported financial results for the fourth quarter and year ended December 31, 2025, following a recent cybersecurity incident. The company highlighted the successful divestiture of its Light-Duty business in July 2025, receiving a $6.5 million payment, and ending the year with over $27 million in cash. Operational achievements include Cespira's agreement with a leading OEM for HPDI components, progress on a new CNG fuel storage system, and the opening of new production facilities in China and Canada. Westport expressed confidence in its strategic direction and the growing market for natural gas solutions.
Key Highlights
- Divested Light-Duty business on July 29, 2025.
- Received a $6.5 million payment.
- Ended 2025 with over $27 million in cash and low debt.
- Cespira secured OEM agreement for HPDI truck trial components.
- Opened new production facilities in China and Canada.