MONTREAL, Jan. 14, 2026 — Vision Marine Technologies Inc. (NASDAQ: VMAR), a marine technology company focused on high-voltage electric propulsion systems and premium recreational boat retail, reported its financial results for the first quarter of fiscal 2026, covering the three months ended November 30, 2025.
The quarter marked a significant operational milestone for the company, as Vision Marine generated $1.9 million in cash from operating activities, its first quarter of positive operating cash flow after a period in which operations historically required cash investment. Management noted that this performance reflects the early impact of integrating Nautical Ventures Group Inc. (NVG), along with the initial rollout of operating efficiencies and organizational alignment initiatives.
As of November 30, 2025, Vision Marine reported $2.3 million in cash and a working capital surplus of approximately $4.7 million. These figures exclude $9.6 million in gross proceeds from an equity financing completed on December 19, 2025. When combined with positive operating cash flow for the quarter, the company’s liquidity position strengthened as it advanced its fiscal 2026 optimization strategy.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of applicable Canadian securities laws and the U.S. Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and assumptions that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Additional risk factors are detailed in the company’s filings with the SEC and on SEDAR+.
About Vision Marine Technologies, Inc.
Vision Marine Technologies (NASDAQ: VMAR) is a marine technology and retail company delivering premium boating experiences across internal combustion and electric segments. Through its E-Motion™ high-voltage electric propulsion platform and Nautical Ventures retail network, the company provides integrated solutions spanning propulsion systems, retail sales, service, and on-water consumer engagement.
