BRP Reports Fiscal Year 2025 Results Amid Challenging Market Conditions

Valcourt, Quebec – March 26, 2025 – BRP, a global leader in powersports, BRP reports Fiscal Year 2025 Results ended January 31, 2025, highlighting strategic adjustments amid continued softer market demand and inventory management efforts.

Fourth Quarter Financial Overview

In Q4 FY2025, BRP’s revenue stood at CAD $2.1 billion, down 19.7% compared to the same period last year, reflecting the softer demand across the powersports industry and intentional reductions in dealer inventories. BRP recorded a net loss of CAD $44.5 million, marking a significant year-over-year decrease driven by lower shipment volumes, increased promotional efforts, and decreased production efficiency.

North American retail sales declined by 21%, particularly affected by softer snowmobile sales due to late snowfall and market share erosion in Off-Road Vehicles. The market share loss in the off-road segment was attributed primarily to excess non-current inventory among competitor OEMs.

Despite these challenges, BRP increased its quarterly dividend to $0.215 per share, demonstrating continued confidence in its financial strategy and commitment to shareholder returns.

BRP Reports Fiscal Year 2025 Results Highlights

Overall annual revenue reached CAD $7.8 billion, representing a 21.4% decrease from the previous year. This reduction aligns with BRP’s strategic focus on inventory management to sustain dealer network strength and brand value. Normalized diluted earnings per share stood at $4.68, achieving the company’s revised expectations adjusted for discontinued marine operations.

BRP successfully reduced North American dealer inventories by 13%, or 18% excluding snowmobiles, which experienced inventory increases due to unusually low industry retail figures from delayed winter conditions.

Throughout the year, BRP actively rewarded its shareholders, deploying $277 million through dividend payments and share repurchases.

Navigating Challenges and Adapting Strategically

Commenting on these results, BRP’s President and CEO, José Boisjoli, remarked, “BRP demonstrated its agility throughout fiscal 2025 by rapidly adapting to softer market conditions. We proactively adjusted shipments to reduce dealer inventory, achieving our objective. Though this temporarily impacted market share, our strategy protected our dealer network and strengthened our brands’ long-term value.”

Despite the volatile market, BRP’s current product lineup remains robust and competitive, consistently outperforming industry trends in many categories.

Looking Ahead to Fiscal Year 2026

Due to ongoing global tariff disputes and uncertainty around international trade regulations, BRP has opted to defer providing financial guidance for FY2026. This prudent approach accounts for increased uncertainty affecting consumer demand forecasts.

Boisjoli emphasized, “Our strategic decision to double down on powersports positions us strongly for the future. With our unmatched product portfolio, resilient dealer network, and robust balance sheet, we remain confident about sustaining profitable growth.”

Continued Commitment to Innovation and Sustainability

BRP is committed to long-term industry leadership through continued innovation, including the ongoing development of electric vehicle options across its product lines. This aligns with global shifts towards sustainability and positions BRP as an industry innovator in responsible powersports manufacturing.

About BRP

BRP Inc., headquartered in Valcourt, Quebec, is a global leader with over 80 years of innovation, developing brands including Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Quintrex, and Manitou. Employing approximately 16,500 people worldwide, BRP is dedicated to creating exceptional experiences through industry-leading powersports products, propulsion systems, and dedicated accessories and apparel lines.

For additional information, please visit www.brp.com.

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