PHOTO COURTESY BRP

BRP reported its financial results for the three- and 12-month periods ending Jan. 31.

For the fourth quarter, revenues were CAD$2.1 billion ($1.5 billion), a decrease of 19.7% compared with the previous year, resulting from continued softer demand and the company’s objective to reduce network inventory. Net loss was CAD$44.5 million ($31.2 million), a decrease of 114.7% year-over-year.

“BRP demonstrated its agility throughout fiscal 2025 by rapidly adapting to softer market conditions,” president and CEO José Boisjoli said in a statement. “We were the first OEM to proactively adjust shipments to reduce network inventory, and we have achieved our objective. As anticipated, our leaner inventory position compared to competitors resulted in short-term market share loss but protected our dealer network and the value of our brands.”

For fiscal year 2025, revenues were CAD$7.8 billion ($5.5 billion), a decrease of 21.4% compared to last year. In October 2024, BRP announced its intention to sell its marine businesses, including Alumacraft, Manitou, Telwater and associated products, though excluding Sea-Doo, and adjusted its guidance. The sale of the brands is underway.

Looking ahead, the company said that given the ongoing global tariff disputes and the uncertainty surrounding potential changes to trade regulations, it has decided to defer providing financial guidance for 2026. This uncertainty has also had a negative impact on consumer demand, making it difficult to offer reliable projections at this time, BRP added.