Mackenzie Financial reports 7.56% BRP Inc. (DOO) stake in 13G/A

Rhea-AI Filing Summary

Mackenzie Financial Corporation has filed an amended Schedule 13G reporting a passive ownership stake in BRP Inc. common shares. As of December 31, 2025, Mackenzie beneficially owned 2,911,795 common shares, representing 7.56% of the class. Mackenzie has sole power to vote and dispose of all these shares and reports no shared voting or dispositive power. The filing certifies that the position is held in the ordinary course of business and is not intended to change or influence control of BRP Inc.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

BRP Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

05577W200

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05577W200

1

Names of Reporting Persons

MACKENZIE FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,911,795.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,911,795.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,911,795.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BRP Inc.
(b)	Address of issuer's principal executive offices: 726 SAINT-JOSEPH STREET, VALCOURT, QUEBEC, CANADA, J0E 2L0
Item 2.
(a)	Name of person filing: Mackenzie Financial Corporation
(b)	Address or principal business office or, if none, residence: 180 Queen Street West, Toronto, Ontario M5V 3K1
(c)	Citizenship: Organized in Toronto, Ontario, Canada
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 05577W200
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,911,795
(b)	Percent of class: 7.56%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,911,795
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,911,795
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MACKENZIE FINANCIAL CORP

Signature:	Gillian Seidler
Name/Title:	Vice-President & Chief Compliance Officer
Date:	02/13/2026

FAQ

What percentage of BRP Inc. (DOO) does Mackenzie Financial own?

Mackenzie Financial beneficially owns 7.56% of BRP Inc.’s common shares. This stake, disclosed in an amended Schedule 13G, reflects a significant but passive institutional holding above the 5% reporting threshold for large shareholders.

How many BRP Inc. (DOO) shares does Mackenzie Financial report holding?

Mackenzie Financial reports beneficial ownership of 2,911,795 BRP Inc. common shares. The firm has sole voting and dispositive power over all these shares, indicating direct control over how they are voted and whether they are sold.

Is Mackenzie Financial’s BRP Inc. (DOO) stake reported as passive or active?

The stake is reported as passive under Schedule 13G. Mackenzie certifies the BRP Inc. shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

What is the key date for Mackenzie Financial’s BRP Inc. (DOO) ownership disclosure?

The relevant event date is December 31, 2025. Mackenzie’s 2,911,795 BRP Inc. common shares and 7.56% ownership percentage are stated as of that date, providing investors a snapshot of the firm’s position at year-end 2025.

Does Mackenzie Financial share voting power over BRP Inc. (DOO) shares?

No, Mackenzie reports sole voting and dispositive power over its BRP Inc. shares. The filing shows zero shared voting or shared dispositive power, meaning no other party is reported as sharing control over how these shares are voted or sold.

Why did Mackenzie Financial file an amended Schedule 13G for BRP Inc. (DOO)?

Mackenzie filed Amendment No. 9 to update its Schedule 13G ownership report. The amendment reflects its current 2,911,795 BRP Inc. shares and 7.56% stake, as required when a large passive shareholder’s reportable ownership information changes.