Platform Integration / Operational ExecutionOne year after acquiring Nautical Ventures, Vision Marine has advanced a broader marine platform combining premium retail distribution, marina operations, service

Platform Integration / Operational ExecutionOne year after acquiring Nautical Ventures, Vision Marine has advanced a broader marine platform combining premium retail distribution, marina operations, service infrastructure, OEM relationships and proprietary electric propulsion capabilities. The Company&#39;s latest disclosed financial and operating information through February 28, 2026, reflects measurable progress in floor-plan reduction, inventory discipline, real estate optimization and platform integration, while the Company continues to address liquidity, profitability and market-related challenges common to the recreational marine industry.BOISBRIAND, QC and FORT LAUDERDALE, Fla., June 16, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VMAR">VMAR</a>; TSXV: VMAR), (NASDAQ: VMAR; TSXV:<a class="ticker" href="https://www.benzinga.com/quote/VMAR">VMAR</a>) (&#34;Vision Marine&#34; or the &#34;Company&#34;), a marine technology company and vertically integrated recreational boating platform, today provided an update on the Company&#39;s operational and strategic progress during the first year following its acquisition of Nautical Ventures Group Inc. (&#34;Nautical Ventures&#34;), completed on June 20, 2025.
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Since the acquisition, Vision Marine has focused on disciplined execution across four core priorities: reducing financing exposure, improving liquidity, optimizing inventory and building a scalable marine platform that connects premium retail, marina operations, service infrastructure and Vision Marine&#39;s E-Motion&#x2122; high-voltage electric propulsion technology.Unless otherwise indicated, all financial and operating metrics presented in this release are based on the Company&#39;s publicly disclosed results and operating information up to February 28, 2026.Execution Since AcquisitionFrom June 20, 2025, to February 28, 2026, Vision Marine advanced Nautical Ventures from acquisition integration toward a more disciplined operating platform. During this period, Nautical Ventures floor-plan financing was reduced from US$42.0 million at acquisition to US$18.2 million as of February 28, 2026, representing a 57% reduction. Management believes this reduction improved operating flexibility, reduced financing exposure and supported the Company&#39;s broader balance sheet improvement strategy.Inventory in the Nautical Ventures segment dropped from US$35.1 million at acquisition to US$24.5 million as of February 28, 2026, representing a 30% reduction. This comparison reflects the Company&#39;s continued focus on inventory quality, product mix, working capital discipline and alignment with customer demand across key marine categories.The Company also advanced real estate and asset optimization initiatives during the period. Vision Marine previously disclosed the monetization of selected North Palm Beach real estate assets, generating US$3.8 million in net proceeds, with proceeds reinvested into operations and floor-plan debt reduction. The Company also previously disclosed that its proceeds receivable related to certain Nautical Ventures real estate was reduced from US$10.4 million as of June 20, 2025, to US$6.6 million following the sale of the two North Palm Beach properties.Operationally, Vision Marine completed important integration work across management, reporting and operating systems. This included the transition of Nautical Ventures financial reporting from U.S. GAAP to IFRS, alignment of reporting processes, and the integration of Vision Marine products, technology and service initiatives into the Nautical Ventures platform.Measurable Platform ProgressBetween June 20, 2025, and February 28, 2026, the Company&#39;s integration work was focused on capital efficiency, inventory discipline and operating alignment. Key measurable areas include:<ul xmlns="http://www.w3.org/1999/xhtml" type="disc"><li xmlns="http://www.w3.org/1999/xhtml">Floor-plan financing reduction: US$42.0 million to US$18.2 million  </li><li xmlns="http://www.w3.org/1999/xhtml">Nautical Ventures Inventory optimization: US$35.1 million to US$24.5 million</li></ul><ul xmlns="http://www.w3.org/1999/xhtml" type="disc"><li xmlns="http://www.w3.org/1999/xhtml">Real estate proceeds generated: US$3.8 million  </li><li xmlns="http://www.w3.org/1999/xhtml">Proceeds receivable reduction: US$10.4 million to US$6.6 million  </li><li xmlns="http://www.w3.org/1999/xhtml">Estimated annualized savings from real estate and footprint optimization: approximately US$ 2.8 million  </li><li xmlns="http://www.w3.org/1999/xhtml">Nautical Ventures locations: 6 Florida-based locations  </li><li xmlns="http://www.w3.org/1999/xhtml">Consolidated inventory and deposits to suppliers as of February 28, 2026: US$32.9 million  </li><li xmlns="http://www.w3.org/1999/xhtml">Unencumbered inventory in the Vision Marine segment ready for sale or integration as of February 28, 2026: US$5.7 million</li></ul>While management believes these initiatives have strengthened the Company&#39;s operating platform, Vision Marine continues to face challenges associated with liquidity management, financing requirements, inventory turnover, integration of acquired operations and broader recreational marine market conditions. The Company continues to implement cost reduction initiatives and operational efficiencies designed to improve long-term financial performance.Commercial PerformanceFrom June 20, 2025, to February 28, 2026, Nautical Ventures generated gross retail sales of approximately US$42.5 million across 469 total units sold, including 283 boats, 98 outboards and 88 trailers. During the same period, the Company&#39;s electric product division contributed 15 electric boat sales representing approximately US$0.5 million in sales value, while its water toys division generated approximately US$1.5 million in additional sales value.The Company notes that sales activity occurred during a period of continued integration, inventory optimization and balance sheet restructuring. For the six months ended February 28, 2026, Vision Marine reported consolidated revenue of US$30.2 million, gross profit of US$8.6 million and a net loss before taxes of US$6.2 million. The Company also reported an EBITDA loss of US$4.5 million during the period.Management believes that while profitability remains a key area of focus, the reduction of floor-plan financing, inventory optimization initiatives and ongoing operating efficiency measures have positioned the Company to continue improving its operating performance.Nautical Ventures as a Platform for Market AccessNautical Ventures has become a central part of Vision Marine&#39;s operating strategy. The platform provides premium brand representation, dealership operations, marina access, factory-authorized service, parts and accessories, financing and insurance capabilities, after-sales support and on-water demonstration opportunities.Management believes this infrastructure gives Vision Marine a practical commercial channel for introducing new products and technologies through established customer relationships and service infrastructure. Rather than operating solely as an electric propulsion developer, Vision Marine now combines proprietary marine technology with retail distribution, service capacity and direct customer engagement through an established Florida marine platform.This structure is particularly relevant for electric marine adoption, where customer education, product demonstrations, installation expertise, service readiness and dealer support are important to commercialization. Through Nautical Ventures, Vision Marine is building customer access and infrastructure designed to support electric marine technologies where they improve the boating experience, while continuing to serve today&#39;s premium recreational boating market across propulsion types.A More Complete Marine PlatformToday, Vision Marine&#39;s operating model combines premium boat retail, marina operations, factory-authorized service, parts and accessories, financing and insurance, high-voltage electric marine expertise, electric recreational products, customer support infrastructure, strategic OEM relationships and proprietary electric propulsion technology.Management believes this integrated structure provides a differentiated foundation across both traditional and electric boating markets. It also gives Vision Marine a direct feedback loop from customers, service teams, marina operations and OEM partners, helping the Company align technology development with real-world boating demand.CEO Commentary&#34;The first year following the Nautical Ventures acquisition has been defined by integration, discipline and operational execution,&#34; said Alexandre Mongeon, Chief Executive Officer of Vision Marine. &#34;Our priority has been to build a stronger platform, reduce financing exposure, improve liquidity and create a more direct connection between our technology, our customers and the marine market. While significant work remains to improve profitability and strengthen liquidity, we believe the actions taken during the integration period have created a more disciplined operating foundation for the business.&#34;Mr. Mongeon continued, &#34;Nautical Ventures gives Vision Marine direct access to premium brands, marina operations, service infrastructure and real-world boating demand. When combined with our E-Motion&#x2122; technology, we believe this platform provides a practical foundation to support the next phase of recreational boating.&#34;&#34;Our focus remains disciplined: capital efficiency, operational execution, customer experience and long-term shareholder value creation. The actions taken since the acquisition have created a stronger foundation for Vision Marine as we continue building across both traditional and electric boating markets.&#34;Looking ForwardVision Marine remains focused on strengthening liquidity, optimizing inventory, reducing financing exposure, expanding OEM relationships, growing marina and service operations, advancing E-Motion&#x2122; commercialization and building a more scalable platform for long-term growth.Management believes the progress achieved during the first year following the Nautical Ventures acquisition represents an important step in Vision Marine&#39;s broader strategy to connect technology, retail access, service infrastructure and customer experience into a vertically integrated marine platform.Capital Markets UpdateDuring the period beginning June 1, 2026, and ending June 15, 2026, the Company issued an aggregate of 3,767,550 common shares pursuant to its at-the-market equity program. Gross proceeds from such sales totalled US$1,485,471, resulting in net proceeds to the Company of US$1,440,907 after payment of aggregate commissions of US$44,464. The Company intends to use the net proceeds from the program for general corporate purposes, including working capital and the execution of its strategic initiatives.About Vision Marine Technologies Inc.Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VMAR">VMAR</a>, TSXV:<a class="ticker" href="https://www.benzinga.com/quote/VMAR">VMAR</a>) is a marine technology company and vertically integrated recreational boating platform delivering premium on-water experiences across electric and internal combustion engine segments. Through its proprietary E-Motion&#x2122; high-voltage electric propulsion technology and its Nautical Ventures multi-brand retail, marina and service network, Vision Marine combines marine engineering, direct consumer access, OEM relationships, service infrastructure and customer support capabilities. The Company is focused on building a scalable platform that supports today&#39;s boating market while advancing the adoption of electric marine technologies where they improve the customer experience.Forward-Looking StatementsCertain statements in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company&#39;s business strategy, operational execution, integration of Nautical Ventures, balance sheet strengthening, liquidity, inventory optimization, floor-plan financing reduction, asset monetization, OEM relationships, marina and service growth, financing and insurance offerings, customer engagement, E-Motion&#x2122; commercialization, electric propulsion adoption, infrastructure development, market opportunities, future growth, long-term shareholder value creation and the Company&#39;s ability to execute its strategic vision.Forward-looking statements are based on management&#39;s current expectations, assumptions and beliefs and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the Company&#39;s ability to continue as a going concern, its ability to achieve and maintain profitability, dependence on floor-plan financing and compliance with financing covenants, risks associated with integration and execution of acquired operations, inventory and liquidity management risks, customer demand for recreational boating and electric marine technologies, general economic and capital market conditions, competition, supply chain disruptions, regulatory developments, tariff and trade policy uncertainties, and other risks described in the Company&#39;s filings with the U.S. Securities and Exchange Commission and Canadian securities regulators available on SEDAR+.Forward-looking statements speak only as of the date of this press release. Readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.



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Vision Marine Technologies Highlights One Year of Nautical Ventures Integration, Operational Discipline and Platform Expansion

Vision Marine updates Nautical Ventures integration; liquidity improving, platform expanding

Vision Marine reports one-year post-acquisition progress from Nautical Ventures, detailing a 57% floor-plan debt reduction to $18.2M and a 30% inventory cut to $24.5M, plus $3.8M in real estate proceeds reinvested into operations. Six-month revenue reached $30.2M with $8.6M gross profit and a $6.2M pre-tax loss, underscoring ongoing liquidity and profitability challenges ahead.

Vision Marine Technologies Highlights One Year of Nautical Ventures Integration, Operational Discipline and Platform Expansion

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