VMAR

MONTREAL, Jan. 13, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), an electric marine propulsion company designing and manufacturing high-voltage powertrain systems, and operating a premium recreational boat retail network, today reported financial results for the three-month period ended November 30, 2025. The first quarter of fiscal 2026 represents a meaningful operational inflection point for Vision Marine, as the Company generated $1.9 million of cash provided by operating activities, marking its first positive operating cash flow quarter following a period in which operations had historically consumed cash. This quarter reflects the early stages of integrating Nautical Ventures Group Inc. ("NVG" or "Nautical Ventures") and the initial implementation of operating efficiencies and organizational alignment, which are only beginning. We are striving to continue optimization of operations throughout fiscal 2026, as management remains focused on achieving EBITDA-positive and cash-flow-positive operations as swiftly as practicable to create long-term shareholder value. As at November 30, 2025, Vision Marine reported cash of $2.3 million and a working capital surplus of approximately $4.7 million. These figures do not include the Company's $9.6 million of gross proceeds of equity financing completed on December 19, 2025. Combined with $1.9 million of cash provided by operating activities during the quarter, driven primarily by the early execution of operating efficiencies, these items reflect a strengthening liquidity profile as the Company executes its 2026 operational optimization initiatives. Total revenues for the quarter were $15.7 million, compared to $0.1 million in the prior-year period, driven primarily by the scale of the Company's expanded U.S. retail platform following the inclusion of NVG's dealership operations. Gross profit for the quarter totalled $4.2 million or 27%, reflecting the operating leverage of the expanded retail network. The Company reported a net loss before taxes of $4.3 million for the quarter, compared to $1.1 million in the prior-year period. The increase reflects the strategic acquisition of NVG, which significantly expanded the Company's operating footprint, as well as a $1.1 million reduction in non-cash gains related to mark-to-market movements on derivative liabilities...

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 balan...