Malibu Boats Reports $914.6 Million in Net Sales for Fiscal Year 2026, Acquires Saxdor Yachts

Malibu Boats, Inc. reported net sales of $914.6 million for the fiscal year ended June 30, 2026, an increase of 13.3% compared to $807.6 million in fiscal year 2025. The company's net income for fiscal year 2026 was $1.7 million, a decrease from $15.2 million in fiscal year 2025. This financial performance was significantly influenced by the acquisition of Saxdor Yachts Oy in March 2026, which contributed $84.3 million in net sales and 246 units. Despite an overall increase in net sales, gross profit saw a modest increase of 1.7% to $146.5 million, while gross margin decreased to 16.0% from 17.8% in the prior year, primarily due to higher per-unit material and labor costs.

The company's strategic focus on expanding its global reach and product portfolio was underscored by the acquisition of Saxdor, a European manufacturer of premium adventure dayboats. This acquisition, completed in March 2026, added a new reportable segment and increased Malibu's international footprint to 68 countries. Operationally, Malibu Boats maintained a disciplined approach to wholesale shipments, leading to a modest increase in overall unit volume to 4,944 units for fiscal year 2026, up from 4,898 units in fiscal year 2025. This increase was largely driven by Saxdor's contribution, as unit volumes in the existing Malibu, Saltwater Fishing, and Cobalt segments saw decreases due to lower retail activity and dealers managing inventory levels.

Malibu Boats' operational structure includes four reportable segments: Malibu, Saltwater Fishing, Cobalt, and Saxdor. The company operates eleven manufacturing facilities across the U.S., Australia, Poland, and Finland. To enhance its competitive position and control over its supply chain, Malibu has pursued vertical integration, manufacturing key components such as engines, trailers, towers, and wiring harnesses in-house. The company's distribution network comprises over 345 dealer locations globally, with a significant portion of sales, 62.4% in fiscal year 2026, attributed to its top ten dealers.

Looking ahead, Malibu Boats anticipates continued macroeconomic challenges, including inflation and elevated interest rates, which are expected to impact retail demand and maintain promotional activity and dealer incentive costs at elevated levels. The company aims to increase market share through new product development, distribution improvements, and innovative features, leveraging its strong brands and dealer network. The integration of Saxdor is in its early stages, with expected synergies anticipated over the coming years. Malibu Boats also recently entered into an amended and restated credit agreement, providing a $250 million revolving credit facility and a $100 million term loan, offering financial flexibility for continued investment and capital return to shareholders.