Malibu Boats, Inc. reported financial results for the first quarter ended September 30, 2025. Net sales increased by 13.5% to $194.7 million, with unit volume up by 10.3% to 1,129 units. Gross profit decreased by 1.0% to $27.9 million, while GAAP net loss decreased by 86.2% to $0.7 million.

The company’s President and CEO, Steve Menneto, highlighted strong results in a challenging market environment. Malibu Boats, Inc. prioritized dealer health and showcased the Model Year 2026 lineup, including the all-new Pathfinder 2600 at the Fort Lauderdale International Boat Show.

For the first quarter of fiscal year 2026, Malibu Boats, Inc. reported an increase in Adjusted EBITDA by 19.1% to $11.8 million. Adjusted net income per share also increased by 114.3% to $0.15 per share. The company’s CFO, Bruce Beckman, cited solid execution and operational discipline for the results.

Malibu Boats, Inc. provided guidance for fiscal year 2026, anticipating flat to mid-single digits year-over-year net sales. The company expects an Adjusted EBITDA margin ranging from 8% to 9% for the full fiscal year.

The company’s net sales for the three months ended September 30, 2025, increased by $23.2 million, driven by increased unit volumes in the Malibu segment and favorable model mix in the Cobalt segment. Unit volumes across segments showed varied performance with increases and decreases.

Overall consolidated net sales per unit increased by 2.9% to $172,483 per unit for the three months ended September 30, 2025. This increase was driven by favorable model mix and inflation-driven price increases. Cost of sales increased by 16.3% primarily due to higher net per unit material and labor costs.

Malibu Boats, Inc. reported a decrease in gross profit by 1.0% to $27.9 million for the three months ended September 30, 2025. Selling and marketing expenses increased by 29.4%, while general and administrative expenses decreased by 23.8% compared to the same period in the previous year.

Operating loss for the first quarter of fiscal year 2026 decreased to $0.8 million from $5.6 million in the first quarter of fiscal year 2025. Net loss decreased by 86.2% to $0.7 million, with Adjusted EBITDA increasing by 19.1% to $11.8 million.

Malibu Boats, Inc. defines Adjusted EBITDA as net loss before interest expense, income taxes, depreciation, amortization, and certain non-cash expenses. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by net sales. The company uses these measures to evaluate operating performance and trends consistently.

The company emphasized that forward-looking statements are subject to risks and uncertainties that could affect actual results. Malibu Boats, Inc. is committed to transparent reporting and financial performance in the recreational powerboats market.

Read more at GlobeNewswire: Malibu Boats, Inc. Announces First Quarter Fiscal 2026