Vision Marine Technologies Reports 166 Boats Sold Within 120 Days of Nautical Ventures Integration

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) reported operational and financial improvements following its June 20, 2025 acquisition of Nautical Ventures. In the 120 days after integration the combined network sold 166 boats, led by Axopar (40 units) and Tenders (44 units).

The company cut floor-plan financing exposure by more than 40%, reduced inventory by over 25%, and generated ~USD $3.9 million from two property sales in North Palm Beach. Vision Marine expects annual operating expense savings of ~USD $0.8 million, and aggregate annual savings of ~USD $1.6 million.

Positive

• 166 boats sold within 120 days of integration
• Floor-plan financing exposure down more than 40%
• Inventory reduced by over 25%
• Real-estate proceeds of ~USD $3.9M from two property sales
• Estimated USD $0.8M annual operating expense reduction
• Aggregate annual savings of ~USD $1.6M

Negative

• None.

Company Sells 166 Boats in 120 Days, Reduces Floor-Plan Exposure by Over 40%, and Generates $3.9 Million in Real Estate Proceeds

MONTREAL, Nov. 12, 2025 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a company specializing in high-voltage marine propulsion and premium boating experiences, today announced substantial progress in strengthening its financial position and operational efficiency following the integration of its Florida-based retail and service network, Nautical Ventures.

During the 120-day period since the acquisition on June 20, 2025, Vision Marine Technologies & Nautical ventures sold 166 boats across all major product categories. Sales were led by Axopar (40 units), followed by Beneteau Group brands (14 units total) and Tenders (44 units). The strongest sales segment came from adventure boats under 45 feet, which remain the core of Nautical Ventures' retail activity and margin generation.

This performance underscores the rapid commercial scale achieved through the integration of Nautical Ventures, positioning Vision Marine as a multi-brand, multi-location retailer with expanded market access and diversified revenue streams. The network's continued stability in sales—achieved during a period of slower recreational-boating market activity—demonstrates the strength, resilience and adaptability of our new structure.

Operationally, Nautical Ventures achieved a reduction of its inventory across all major categories while maintaining stable throughput. The company's renewed focus on its most profitable product segment—adventure boats under 45 feet—contributing to improved operational balance and stronger gross margins.

Within just four months of acquisition, Nautical Ventures has also delivered notable improvements in capital structure and liquidity, driven by disciplined financial management and strategic real-estate transactions. The Company reports a reduction of more than 40% in floor-plan financing exposure and an inventory decrease exceeding 25%, reflecting tighter working-capital control and improved cash-flow discipline.

The sale of two Nautical Ventures properties in North Palm Beach, Florida—located at 300 U.S. Highway 1 and 139 Shore Court—generated approximately USD $3.9 million in net proceeds for Vision Marine. These proceeds are being reinvested directly into Nautical Ventures' operations and used to reduce floor-plan financing, supporting continued growth, enhancing dealership performance, and strengthening customer experience. The consolidation is also expected to deliver an estimated USD $0.8 million reduction in annual operating expenses. Combined with the previously announced property sale, Vision Marine anticipates aggregate annual savings of approximately USD $1.6 million resulting from these strategic operational moves.

Despite these consolidations, all dealership and service locations remain fully operational, ensuring complete market coverage across Florida's most active boating regions.

"Our integration strategy is producing tangible results," said Alexandre Mongeon, Co-Founder and CEO of Vision Marine Technologies. "We continue to execute on initiatives designed to strengthen liquidity, optimize our retail operations, and align Nautical Ventures' structure with Vision Marine's long-term growth objectives."

As Vision Marine continues to execute its two-pillar strategy—technology and retail—the Company remains focused on optimizing operational efficiency, managing capital exposure, and driving sustainable growth across its network.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR), referred to as "Vision Marine," is a disruptive marine company pioneering high-voltage electric propulsion systems and premium boating experiences. Through its E-Motion™ technology and its Nautical Ventures retail network, Vision Marine operates as North America's first vertically integrated electric-propulsion and multi-brand boat retail company.

For more information, please visit investors.visionmarinetechnologies.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements reflect management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Vision Marine Technologies Inc. undertakes no obligation to update or revise any forward-looking statements except as required by law.

Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies

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SOURCE Vision Marine Technologies

FAQ

How many boats did Vision Marine (VMAR) sell after the Nautical Ventures acquisition on June 20, 2025?

The combined network sold 166 boats in the 120 days following the June 20, 2025 acquisition.

What amount did Vision Marine (VMAR) generate from property sales in North Palm Beach in 2025?

Vision Marine generated approximately USD $3.9 million in net proceeds from two North Palm Beach property sales.

By how much did Vision Marine (VMAR) reduce floor-plan financing exposure after integrating Nautical Ventures?

The company reduced floor-plan financing exposure by more than 40% within four months of acquisition.

What inventory and operational savings did Vision Marine (VMAR) report after integration?

Inventory decreased by over 25%, with an estimated USD $0.8M annual operating expense reduction and USD $1.6M aggregate savings.

Which product lines led sales for Vision Marine (VMAR) and Nautical Ventures in the 120-day period?

Sales were led by Axopar (40 units), Tenders (44 units), and Beneteau Group brands (14 units).

Will Vision Marine (VMAR) keep dealership and service locations open after consolidation?

Yes; all dealership and service locations remain fully operational to maintain market coverage in Florida.