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Ballard targets adj. EBITDA profitability by end of 2027, full-year in 2028
BLDPBallard Power Systems Inc.
Ballard Power Systems outlined its strategic roadmap following the Ballard Forum, targeting Adjusted EBITDA positivity by the end of 2027 and sustained full-year profitability throughout 2028. The company aims for a 30% compound annual growth rate in corporate revenue over the next two fiscal years, with gross margins expected to exceed 20% in 2027 and scale above 25% by 2028. Ballard plans to allocate $80 million to $120 million in capital expenditures to expand its Hydrogen Power Unit fleet, financing this through asset-backed finance at greater than 80% loan-to-value ratios. The firm also highlighted an expanded business model incorporating Energy-as-a-Service alongside equipment sales and noted no immediate need for manufacturing expansion or hydrogen production investments. Ballard Power Systems Inc. is a global leader in zero-emission hydrogen energy solutions and an integrated Energy-as-a-Service provider.