<a href="https://laohu8.com/S/VMAR">Vision Marine Technologies Inc.</a> reports Nautical Ventures revenue of USD 12.8 million with gross profit margin of 36.8% in FY 2025
Vision Marine Technologies Inc. reported its financial results for the fiscal year ended August 31, 2025, highlighting significant expansion following the acquisition of Nautical Ventures Group Inc. Nautical Ventures, acquired on June 20, 2025, generated revenue of USD 12.8 million and gross profit of USD 4.7 million, resulting in a gross profit margin of 36.8% between the acquisition date and fiscal year-end. As of August 31, 2025, Nautical Ventures' floor-plan financing balance was reduced to USD 32.5 million, down from USD 42 million on June 20, 2025, and further decreased to approximately USD 22.1 million by November 28, 2025. The consolidation of operations at two North Palm Beach locations is expected to provide annual operational savings of approximately USD 1.6 million. Vision Marine holds a real estate receivable of USD 6.6 million following the sale of two North Palm Beach properties after the fiscal year-end. Full audited financial statements, including net loss for the fiscal year ended August 31, 2025, are available in the company's regulatory filings.
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