Ballard Power Systems Files 6-K Report

Ticker: BLDP · Form: 6-K · Filed: 2025-05-06T00:00:00.000Z

Sentiment: neutral

Topics: 6-K, foreign-private-issuer, regulatory-filing

TL;DR

Ballard Power Systems filed a standard 6-K report on May 6, 2025.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on May 6, 2025, reporting for the month of May 2025. The filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. Ballard Power Systems Inc. is incorporated in Canada and its principal executive office is located in Burnaby, BC.

Why It Matters

This filing provides routine updates for investors and regulatory bodies regarding Ballard Power Systems' status as a foreign private issuer.

Risk Assessment

Risk Level: low — This filing is a routine report and does not contain new financial information or material events.

Key Players & Entities

Ballard Power Systems Inc. (company) — Registrant
9000 Glenlyon Parkway, Burnaby, BC V5J 5J8 Canada (location) — Principal executive office
May 2025 (date) — Reporting period
May 6, 2025 (date) — Filing date

FAQ

What is the purpose of a Form 6-K filing?

A Form 6-K is a report of a foreign private issuer filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, typically providing information that the issuer makes or is required to make public in its home country.

What is Ballard Power Systems Inc.'s primary business?

Ballard Power Systems Inc. is classified under the Standard Industrial Classification code 3620, which relates to ELECTRICAL INDUSTRIAL APPARATUS.

When was Ballard Power Systems Inc. previously known as?

Ballard Power Systems Inc. was formerly known as 7076991 Canada Inc. and the name change occurred on January 2, 2009.

What is the filing date of this Form 6-K?

This Form 6-K was filed on May 6, 2025.

Where is Ballard Power Systems Inc. headquartered?

Ballard Power Systems Inc.'s principal executive office is located at 9000 Glenlyon Parkway, Burnaby, BC V5J 5J8, Canada.

From the Filing

0001279569-25-000449.txt : 20250506 0001279569-25-000449.hdr.sgml : 20250506 20250506075545 ACCESSION NUMBER: 0001279569-25-000449 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250506 FILED AS OF DATE: 20250506 DATE AS OF CHANGE: 20250506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 25915292 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 ballard6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number: 000-53543 Ballard Power Systems Inc. ——————————————————————————————————— (Translation of registrant’s name into English) 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada ——————————————————————————————————— (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: May 6, 2025 By: /s/ Kate Igbalode Name: Kate Igbalode Title: Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 News Release Dated May 6. 2025 - Ballard Reports Q1 2025 Results EX-99.1 2 ex991.htm NEWS RELEASE DATED MAY 6, 2025 Exhibit 99.1 Ballard Reports Q1 2025 Results VANCOUVER, BC, May 6, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). Highlights (comparisons are to Q1 2024): • Revenue of $15.4 million, up 6% YoY, primarily driven by bus market strength; engine shipments up 31% • 14 point improvement in gross margins, primarily driven by increased revenue and lower manufacturing overhead costs • 22% and 31% reductions in Cash Operating Costs 1 and Total Operating Expenses 2 respectively, primarily driven by restructuring actions initiated in September 2024 • Q1 ended with $576.7 million in cash and cash equivalents "Amidst an uncertain macroeconomic, geopolitical and industry context, we continue to focus on our controllables," stated Randy MacEwen, President and CEO. "Compared to prior year, 2025 Q1 revenue increased 6%, engine shipments were up 31%, gross margin improved by 14 points, and Total Operating Expenses 2 were down 31%." Mr. MacEwen added, "We are encouraged with the continued growth in the Bus market, which contributed 81% of Q1 revenue, up 41% year-over-year. After securing new order intake of $75.4 million in Q4, we saw soft order intake in Q1. While certain sales opportuniti