Vision Marine's Nautical Ventures Division Generates $3.9M in Real Estate Gains While Moving 166 Vessels in Four Months

Vision Marine Technologies Inc. (NASDAQ: VMAR), the marine technology innovator behind electric propulsion systems and North America’s first vertically integrated boat retail ecosystem, has demonstrated remarkable operational momentum following its June 20, 2025 acquisition of Nautical Ventures. The Florida-based retail network has become a cornerstone of the company’s dual-track strategy, delivering substantial value through aggressive inventory management and strategic asset optimization.

Four-Month Track Record: Sales Performance and Market Positioning

In the 120 days following the integration, Vision Marine and Nautical Ventures successfully sold 166 boats across their diversified product portfolio. The sales breakdown reveals a well-balanced retail operation: Axopar led with 40 units, Beneteau Group brands contributed 14 units, while tenders and other recreational vessels accounted for 44 units. The performance underscores how multi-brand positioning and expanded geographic reach create resilience even during softer market cycles.

Notably, adventure boats under 45 feet emerged as the strongest performer, driving both volume and margin expansion. This segment—encompassing various used formula boats for sale alongside new inventory—represents Nautical Ventures’ sweet spot for profitability and customer acquisition, allowing the company to maintain pricing power while optimizing cash conversion.

Capital Efficiency: Reducing Leverage and Strengthening Liquidity

Beyond topline sales, Vision Marine’s management team executed disciplined working-capital improvements that reverberate across the balance sheet. The company achieved a floor-plan financing reduction exceeding 40%—a critical metric indicating improved inventory velocity and reduced leverage. Complementing this, total inventory contracted by more than 25%, signaling tighter operational discipline and enhanced cash-flow conversion.

The monetization of two North Palm Beach properties (300 U.S. Highway 1 and 139 Shore Court) yielded approximately $3.9 million in net proceeds, directly reinvested into dealership operations and used to further pay down floor-plan obligations. Combined with prior asset sales, Vision Marine projects aggregate annual operating expense reductions of $1.6 million, with an additional $0.8 million in run-rate savings materializing from the Nautical Ventures consolidation.

Market Resilience and Strategic Implications

What distinguishes this performance is its achievement during a period of modest recreational-boating industry headwinds. Maintaining stable throughput, preserving all service locations across Florida’s primary boating hubs, and generating meaningful capital while doing so underscores the structural benefits of vertical integration. By controlling both the propulsion technology (E-Motion™) and the retail distribution network, Vision Marine has created a differentiated competitive moat.

Looking forward, Vision Marine’s management, led by Co-Founder and CEO Alexandre Mongeon, remains committed to optimizing this integrated model—balancing technology innovation with retail excellence while methodically deleveraging the capital structure.