Vision Marine Technologies released financial results for the fiscal year ended Aug. 31. The company said it was a year of “significant commercial expansion” and that its acquisition of Florida dealership Nautical Ventures marked a turning point.
The full, audited financial statements and MD&A, including net loss for the fiscal year, are available in the company’s filings with the U.S. Securities and Exchange Commission and Canadian securities regulators.
“Nautical Ventures gives Vision Marine a powerful platform to scale,” co-founder and CEO Alexandre Mongeon said in a statement. “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.”
Between the June 20 date of acquisition and the end of Vision Marine’s fiscal year, Nautical Ventures generated $12.8 million in revenue and $4.7 million of gross profit, representing a gross profit percentage of 36.8%. Since the beginning of fiscal 2026, the statement said, Nautical Ventures has “continued to experience strong customer engagement and robust sales activity across its key brands.”
The company intends to report first-quarter results for the three months ending Nov. 30 in January.
