Malibu Boats announced fourth quarter and full year 2025 results today.
Net sales for the quarter were $207 million, up from $158.7 million year-over-year, and gross margin was 15.8%, compared with 7.9% the previous year. Gross profit was $32.7 million in the quarter, compared with $12.5 million a year ago.
Malibu noted in a statement the strong year-over-year growth in the fourth quarter, and its generation of $29 million of free cash flow in fiscal year 2025. The company said it is driving innovation with 11 new model-year 2026 boats.
Malibu said it sees “more opportunities to generate new synergies across brands” in 2026 and beyond, according to the statement.
For fiscal year 2025, net sales were down 2.6% year-over-year to $808 million, driven by decreased unit volumes in the saltwater fishing and Cobalt segments. Gross margin was 17.8%, up 10 basis points year-over-year. Adjusted EBITDA decreased 9.1% year-over-year to $74.8 million.
For fiscal year 2026, the company projects consolidated net sales to be flat to down mid-single digits and adjusted EBITDA margin of 8% to 9%.
