BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS

Core Insights - BRP Inc. reported a significant decline in revenues and net income for the fiscal year 2025, primarily due to softer market demand and strategic inventory reduction efforts [3][4][5] Financial Performance - Revenues for Q4 FY25 were $2,097.6 million, a decrease of 19.7% compared to$ 2,611.5 million in Q4 FY24 [6][12] - For the twelve-month period ended January 31, 2025, total revenues decreased by 21.4% to $7,829.7 million from$ 9,963.0 million in the previous year [19] - The company experienced a net loss of $44.5 million in Q4 FY25, a decrease of 114.7% compared to a net income of$ 302.8 million in Q4 FY24 [7][17] - Normalized EBITDA for Q4 FY25 was $239.8 million, down 44.6% from$ 432.6 million in Q4 FY24 [16] Product Segments - Year-Round Products, which accounted for 54% of Q4 FY25 revenues, saw a revenue decrease of 17.4% to $1,127.1 million [12] - Seasonal Products, making up 32% of Q4 FY25 revenues, experienced a 28.9% decline to$ 677.6 million [12] - Revenues from PA&A and OEM Engines decreased slightly by 0.7% to $292.9 million [12] Market Dynamics - North American retail sales dropped by 21% in Q4 FY25, attributed to lower industry volumes in Snowmobiles and market share loss in Off-Road Vehicles [11][13] - The company proactively adjusted shipments to manage network inventory, resulting in short-term market share loss but protecting dealer network value [4] Strategic Outlook - The company has deferred providing financial guidance for FY26 due to ongoing global tariff disputes and economic uncertainty [3][5] - Long-term strategies focus on innovation and growth opportunities in the Powersports sector, supported by a strong dealer network and healthy balance sheet [5] Shareholder Returns - The company returned$ 277.0 million to shareholders through dividends and share repurchases during FY25 [25] - A quarterly dividend of $0.215 per share was declared, payable on April 18, 2025 [26]