Vision Marine reports FY 2025 results after Nautical Ventures acquisition
Electric boatbuilder and outboard manufacturer Vision Marine Technologies has reported its financial results for the fiscal year ending 31 August 2025, following a period of commercial expansion driven by its acquisition of Nautical Ventures Group.
Nautical Ventures operates a dealership network in Florida, one of the largest US recreational boating markets.
Canada-headquartered Vision Marine says the acquisition gave it direct access to a high‑volume marine region and new opportunities across retail, services and electric product integration.
From the acquisition date on 20 June 2025 to the end of the fiscal year, Nautical Ventures generated US$12.8m in revenue and US$4.7m in gross profit, resulting in a gross profit percentage of 36.8 per cent.
Since the start of fiscal 2026, Nautical Ventures says it has continued to record strong customer activity across its brands, including Beneteau, Axopar, Highfield, Northstar, Wellcraft, Starcraft, EdgeWater and Nimbus.
Vision Marine says it plans to release full first‑quarter results for the period ending 30 November 2025 in January 2026.
Operational measures have also advanced. Since 20 June 2025, Nautical Ventures’ floor‑plan financing balance decreased from US$42m to US$32.5m at fiscal year end, and further to about US$22.1m as of 28 November 2025. Consolidation of two North Palm Beach sites is expected to generate annual operational savings of about US$1.6m. As part of the acquisition structure, Vision Marine holds a real estate receivable entitling it to the net proceeds from the future sale of four Florida properties. Following the sale of two North Palm Beach properties after year-end, this receivable stands at US$6.6m.
Alexandre Mongeon, co‑founder and CEO, says: “Nautical Ventures gives Vision Marine a powerful platform to scale. 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.”
