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Ballard Power Systems Inc.

For the period ended Dec 31, 2025. Filed Mar 12, 2026.

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About this filing

The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Mar 12, 2026

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BLDP$1.54+5.1%Stored close · as of Nov 6, 2026
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Contents

DOCUMENTS INCORPORATED BY REFERENCE

The following documents of Ballard Power Systems Inc. (the “Registrant” or the “Company”) are filed as exhibits to this Annual Report and are hereby incorporated by reference herein:

●the Registrant’s Annual Information Form for the year ended December 31, 2025;
●the Registrant’s Audited Consolidated Financial Statements as at and for the years ended December 31, 2025 and 2024, including the notes thereto, together with the report of the independent registered public accounting firm thereon; and
●the Registrant’s Management’s Discussion and Analysis for the year ended December 31, 2025.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.