Segment information (Tables)

9 Months Ended

May 31, 2026

Segment results for the three-month period ended May 31, 2026


		Vision Marine	NVG	Total
		$	$	$
Sales of boats		325,945	16,540,610	16,866,555
Sales of parts and boat maintenance		14,388	1,427,081	1,441,469
Boat rental and boat club membership revenue		55,787	7,410	63,197
Sale of powertrain systems		—	—	—
Segment revenues		396,120	17,975,101	18,371,221

Segment gross profit (loss)		30,845	3,157,452	3,188,297

Research and development		49,739	—	49,739
Office salaries and benefits		800,346	1,540,006	2,340,352
Selling and marketing expenses		646,989	1,507,080	2,154,069
Professional fees		551,152	79,123	630,275
Office and general		1,342,051	1,147,356	2,489,407
Share-based compensation		21,035	—	21,035
Depreciation and amortization		88,332	763,613	851,945
Net finance expense (income)		(97,561)	467,045	369,484
Segment expenses		3,402,083	5,504,223	8,906,306

Segment loss before taxes		(3,371,238)	(2,346,771)	(5,718,009)

Segment results for the three-month period ended May 31, 2025


	Vision Marine	NVG	Total
	$	$	$
Sales of boats	114,971	—	114,971
Sales of parts and boat maintenance	7,028	—	7,028
Boat rental and boat club membership revenue	31,405	—	31,405
Sale of powertrain systems	57,304	—	57,304
Segment revenues	210,708	—	210,708

Segment gross profit (loss)	25,210	—	25,210

Research and development	528,777	—	528,777
Office salaries and benefits	512,525	—	512,525
Selling and marketing expenses	740,666	—	740,666
Professional fees	499,256	—	499,256
Office and general	321,127	—	321,127
Share-based compensation	8,440	—	8,440
Depreciation and amortization	95,651	—	95,651
Net finance expense (income)	2,435,885	—	2,435,885
Segment expenses	5,142,327	—	5,142,327

Segment loss before taxes	(5,117,117)	—	(5,117,117)

Segment results for the nine-month period ended May 31, 2026


		Vision Marine	NVG	Total
		$	$	$
Sales of boats		706,266	43,547,077	44,253,343
Sales of parts and boat maintenance		52,775	4,046,546	4,099,321
Boat rental and boat club membership revenue		132,070	25,914	157,984
Sale of powertrain systems		84,901	—	84,901
Segment revenues		976,012	47,619,537	48,595,549

Segment gross profit (loss)		108,260	11,675,844	11,784,104

Research and development		268,752	—	268,752
Office salaries and benefits		2,041,685	5,430,115	7,471,800
Selling and marketing expenses		1,772,077	3,828,219	5,600,296
Professional fees		1,576,658	319,037	1,895,695
Office and general		2,061,023	3,452,823	5,513,846
Share-based compensation		65,146	—	65,146
Depreciation and amortization		294,152	2,200,482	2,494,634
Net finance expense (income)		(1,813,596)	2,201,068	387,472
Segment expenses		6,265,897	17,431,744	23,697,641

Segment loss before taxes		(6,157,637)	(5,755,900)	(11,913,537)

Segment results for the nine-month period ended May 31, 2025


		Vision Marine	NVG	Total
		$	$	$
Sales of boats		227,512	—	227,512
Sales of parts and boat maintenance		36,788	—	36,788
Boat rental and boat club membership revenue		66,323	—	66,323
Sale of powertrain systems		57,304	—	57,304
Segment revenues		387,927	—	387,927

Segment gross profit (loss)		(14,904)	—	(14,904)

Research and development		1,276,326	—	1,276,326
Office salaries and benefits		1,538,915	—	1,538,915
Selling and marketing expenses		1,891,794	—	1,891,794
Professional fees		1,937,474	—	1,937,474
Office and general		925,587	—	925,587
Share-based compensation		31,660	—	31,660
Depreciation and amortization		263,556	—	263,556
Net finance expense (income)		948,432	—	948,432
Segment expenses		8,813,744	—	8,813,744

Segment loss before taxes		(8,828,648)	—	(8,828,648)

Segment assets and liabilities as at May 31, 2026

Segment assets and liabilities as at August 31, 2025