Vision Marine Technologies Reports FY 2025 Results and Highlights Strategic Expansion Following Nautical Ventures Acquisition

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) reported fiscal 2025 results and highlighted the acquisition of Nautical Ventures on June 20, 2025, which produced US$12.8 million revenue and US$4.7 million gross profit (36.8%) from acquisition date to August 31, 2025. The company disclosed a real estate receivable of US$6.6 million tied to future property sales and said Nautical Ventures reduced outstanding floor-plan financing from US$42.0 million (June 20) to US$32.5 million (Aug 31) and to approximately US$22.1 million as of Nov 28, 2025. Consolidation of two North Palm Beach locations is expected to yield ~US$1.6 million annual savings. Full audited financial statements and MD&A, including fiscal year net loss, were filed on Nov 28, 2025.

Positive

• Nautical Ventures revenue US$12.8M (Jun 20–Aug 31, 2025)
• Gross profit US$4.7M (36.8% gross margin)
• Floor-plan financing reduced to ~US$22.1M as of Nov 28, 2025
• Expected US$1.6M annual savings from North Palm Beach consolidation
• Real estate receivable balance US$6.6M

Negative

• None.

Insights

Strategic Finance Analyst

Acquisition-driven retail expansion shows early commercial traction, margin contribution, and tangible balance-sheet deleveraging.

Between June 20, 2025 and August 31, 2025, the acquired dealership network contributed $12.8 million of revenue and $4.7 million of gross profit, a healthy gross margin of 36.8%, which directly supplements Vision Marine's sales and service channels. The acquisition provides immediate retail scale in Florida and adds branded distribution that can accelerate product placement and service revenue.

Key financial cleanup has occurred: Nautical Ventures' floor-plan financing fell from $42 million at acquisition to $32.5 million at fiscal year-end and to about $22.1 million as of November 28, 2025. The company also expects roughly $1.6 million of annual operating savings from consolidating two locations, and it holds a real estate receivable of $6.6 million tied to future property sales. Those items reduce leverage risk and improve cash flow optionality.

Dependencies and risks are clear and limited to disclosed items: the full audited statements and the net loss figure are available in the filed Form 20-F, so the complete profitability picture requires that filing. Monitor the announced first-quarter results for the period ending November 30, 2025 to see whether the acquisition-driven revenue and margin trends scale and whether operating savings and reduced floor-plan balances continue into January 2026 reporting. A 12–18 month horizon should show whether the retail integration converts into sustained top-line growth and improved consolidated margins.

MONTREAL, Nov. 28, 2025 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company") today announced financial results for the fiscal year ended August 31, 2025, underscoring a year of significant commercial expansion driven by the acquisition of Nautical Ventures Group Inc. ("Nautical Ventures"), recognized by Boating Industry magazine as the 2024 Boating Industry Top 100 Dealer of the Year and a leading dealership network in Florida, the capital of U.S. recreational boating.

The acquisition marked a turning point in Vision Marine's market presence, providing direct access to one of the most active marine regions in North America and opening new avenues for growth across retail, services, and electric product integration. Between the date of acquisition on June 20, 2025, and the end of Vision Marine's fiscal year on August 31, 2025, Nautical Ventures generated US$12.8 million in revenue and US$4.7 million of gross profit, representing a gross profit percentage of 36.8%. Full audited financial statements and MD&A, including net loss for the fiscal year ended August 31, 2025, are available in the Company's filings made today with the U.S. Securities and Exchange Commission (Form 20-F) and the Canadian securities regulators.

Since the beginning of fiscal 2026, Nautical Ventures has continued to experience strong customer engagement and robust sales activity across its key brands, such as Beneteau, Axopar, Highfield, Northstar, Wellcraft, Starcraft, EdgeWater, Nimbus and more. The Company intends to report full first-quarter results for the three-month period ending November 30, 2025, in January 2026.

Operational progress further strengthened the Company's foundation. Since June 20, 2025, Nautical Ventures' outstanding floor-plan financing balance was reduced from US$42 million on June 20, 2025, to US$32.5 million at fiscal year end August 31, 2025, and further reduced to approximately US$22.1 million as of November 28, 2025. In addition, the consolidation of operations of two North Palm Beach locations is expected to generate approximately US$1.6 million in annual operational savings. As part of the Nautical Ventures acquisition structure, Vision Marine holds a real estate receivable entitling the Company to receive the net proceeds generated from the future sale of four Florida real estate properties. This receivable balance is currently US$6.6 million following the sale of the two North Palm Beach properties subsequent to year-end.

"Nautical Ventures gives Vision Marine a powerful platform to scale," said Alexandre Mongeon, Co-Founder and CEO. "Its strong retail performance and strategic positioning in Florida allow us to expand product offerings, strengthen consumer reach, and accelerate electric adoption across key market segments. Fiscal 2025 set the foundation for the next stage of growth."

With a stabilized operating structure, an expanded retail footprint, and multiple new revenue avenues emerging from Nautical Ventures' high-traffic locations, Vision Marine believes it is well positioned to pursue additional opportunities throughout 2026.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a marine technology company offering premium on-water experiences across electric and ICE segments. Through its two pillars — high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network — Vision Marine delivers a scalable marine platform built for consumer experience and long-term growth. For more information, visit www.visionmarinetechnologies.com.

Forward-Looking Statements

This release contains forward-looking statements based on current expectations and assumptions. Actual results may differ materially due to risks and uncertainties. Vision Marine undertakes no obligation to update forward-looking statements except as required by law.

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SOURCE Vision Marine Technologies, Inc

FAQ

What did Vision Marine (VMAR) report for Nautical Ventures revenue after the June 20, 2025 acquisition?

Nautical Ventures generated US$12.8 million revenue from June 20 to August 31, 2025.

How much gross profit did Nautical Ventures contribute to VMAR in fiscal 2025?

Nautical Ventures contributed US$4.7 million gross profit, a 36.8% gross margin.

What is Vision Marine's floor-plan financing level after the Nautical Ventures acquisition?

Outstanding floor-plan financing fell from US$42.0M on June 20, 2025 to ~US$22.1M as of Nov 28, 2025.

What operational savings did Vision Marine forecast from consolidating Nautical Ventures locations?

Consolidation of two North Palm Beach locations is expected to generate approximately US$1.6 million annually.

Does Vision Marine hold any proceeds from real estate sales related to the Nautical Ventures deal?

Yes. Vision Marine holds a real estate receivable currently at US$6.6 million from future property sale proceeds.

When will Vision Marine report its next quarterly results for fiscal 2026 first quarter?

The company intends to report the quarter ending Nov 30, 2025 in January 2026.