v3.26.1
Basis of preparation and going concern uncertainty (Tables)
9 Months Ended
May 31, 2026
Basis of preparation and going concern uncertainty  
Schedule of significant subsidiaries

Country of 

Proportion of

 

incorporation

ownership held 

 

Name of subsidiary

  ​ ​ ​

Principal activity

  ​ ​ ​

and operation

  ​ ​ ​

by the Company

 

7858078 Canada Inc.

Owns an electric boat rental center

Canada

100

%

NVG Holdings Inc.

Holding company

United States

100

%

Nautical Ventures Group Inc.

Operates a boat retailing business

United States

100

%

Nautical Ventures North LLC

Operates a boat retailing business

 

United States

100

%

Nautical Ventures Marine LLC

 

Operates a boat retailing business

 

United States

100

%

NV Marina LLC

Operates a boat retailing business

United States

100

%

Nautical Ventures West LLC

Operates a boat retailing business

United States

100

%

Nautical Ventures Panhandle LLC

Operates a boat retailing business

United States

100

%

Vision Watersports Corp.

Operates a boat retailing business

United States

100

%

EB Rental Ventura Corp.

Operates an electric boat rental center

United States

100

%

EB Rental FL Corp.

Operates an electric boat rental center

United States

100

%

EBR Palm Beach Inc.

Operates an electric boat rental center

United States

100

%

Vision Marine Technologies Corp.

 

Operates an electric boat service center

 

United States

 

100

%

Schedule of reconciles the movement in accumulated other comprehensive income

  ​ ​ ​

Three-month

  ​ ​ ​

Three-month

  ​ ​ ​

Nine-month

  ​ ​ ​

Nine-month

period ended

period ended

period ended

period ended

May 31, 2026

May 31, 2025

May 31, 2026

May 31, 2025

$

$

$

$

Opening balance

1,183,405

 

301,219

 

1,102,489

 

717,753

Foreign currency translation differences for Canadian dollar functional currency operations

(196,375)

 

750,467

 

(115,459)

 

333,933

987,030

 

1,051,686

 

987,030

 

1,051,686

Average exchange rate for the

Exchange rate as at:

nine-month period ended

May 31,

August 31,

May 31,

May 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Canadian dollar

 

0.7247

 

0.7138

 

0.7240

 

0.7161