June 9, 2026

On May 28, 2026, BRP Inc. (TSX/NASDAQ: DOO) reported its financial results for the three-month period ended April 30, 2026. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available on SEDAR+ and EDGAR as well as in the section Quarterly Reports of BRP’s website.

“We delivered Q1 financial results above expectations, driven by higher volumes, disciplined cost management, strong overall execution and a more favourable promotional environment. We also sustained our solid retail momentum across key off road vehicle segments (ORV), as new product introductions in the second half of last year contributed to additional market share gains,” said Denis Le Vot, President and CEO of BRP.

“As tariff policies shifted significantly during the quarter, our teams moved quickly to define mitigation measures to reduce their impact. Looking ahead, we are focused on navigating these headwinds while also protecting our long-term growth prospects. Although the geopolitical and trade environment remains volatile, we are issuing a revised full-year guidance that incorporates both positive trends in our business and net tariff costs. Thanks to our engaged dealer network, valued suppliers and leading-edge product lineups, we are confident in our ability to further strengthen our position in the future,” concluded Mr. Le Vot.

Highlights

              • Revenues of $2,391.8 million, an increase of 29.5% compared to last year, driven by higher ORV and PWC shipments, as well as favourable ORV product mix;

              • Net income of $127.3 million, a decrease of 20.9% compared to last year;

              • Normalized EBITDA [1] of $334.4 million, an increase of 66.5% compared to last year;

              • Normalized diluted earnings per share [1][2] of $1.83, an increase of $1.36 per share, and diluted earnings per share [2] of $1.73, a decrease of $0.46 per share, compared to last year;

              • North American Powersports retail sales decreased by 7% compared to last year, mainly due to a strong end-of-season in Snowmobile last year;

              • Market share gains in North America for ORV;

              • Issuing a revised full-year guidance, incorporating incremental tariff cost net of mitigation measures, with revenues between $9.1 and $9.4 billion, and Normalized diluted earnings per share [1][2] between $3.00 and $3.50.  

FIRST QUARTER RESULTS

The first quarter of Fiscal 2027 was marked by double-digit revenue growth compared to the same period last year. The increase in revenues was primarily driven by higher ORV shipments and favourable product mix resulting from the introduction of new models and features in this product category. Revenue growth was also attributable to higher PWC shipments compared to the same period last year, during which shipments occurred later in the season. Gross profit and gross profit margin increased compared to last year, reflecting the positive impacts of higher volumes, lower sales programs and favourable pricing, partially offset by the impacts of global tariffs.

The Company’s North American retail sales were down 7% for the three-month period ended April 30, 2026 compared to the same period last year. The decrease in retail sales was mainly due to lower Snowmobile industry volumes compared with a strong end-of-season last year, as well as to market share losses in PWC. The decrease was partially offset by market share gains in ORV.

Revenues

Revenues increased by $544.9 million, or 29.5%, to $2,391.8 million for the three-month period ended April 30, 2026, compared to $1,846.9 million for the corresponding period ended April 30, 2025. The increase in revenues was primarily due to higher ORV and PWC shipments, as well as a favourable product mix in ORV resulting from the introduction of new models and features in this product category. The increase includes an unfavourable foreign exchange rate variation of $15 million.

• Year-Round Products (61% of Q1-FY27 revenues): Revenues from Year-Round Products increased by $342.9 million, or 31.0%, to $1,448.7 million for the three-month period ended April 30, 2026, compared to $1,105.8 million for the corresponding period ended April 30, 2025. The increase in revenues from Year-Round Products was primarily attributable to a higher volume of units sold across most product lines and to a favourable product mix in ORV resulting from the introduction of new models and features in this product category. The increase was also attributable to a favourable pricing net of sales programs across most product lines. The increase includes an unfavourable foreign exchange rate variation of $14 million.

• Seasonal Products (24% of Q1-FY27 revenues): Revenues from Seasonal Products increased by $149.2 million, or 35.6%, to $568.4 million for the three-month period ended April 30, 2026, compared to $419.2 million for the corresponding period ended April 30, 2025. The increase in revenues from Seasonal Products was primarily attributable to a higher volume of PWC sold compared to the same period last year, during which shipments occurred later in the season. The increase was also attributable to lower sales programs in Snowmobile.

• PA&A, OEM Engines and Others (15% of Q1-FY27 revenues): Revenues from PA&A, OEM Engines and Others increased by $52.8 million, or 16.4%, to $374.7 million for the three-month period ended April 30, 2026, compared to $321.9 million for the corresponding period ended April 30, 2025. The increase in revenues from PA&A, OEM Engines and Others was primarily attributable to a higher volume of PA&A sold, as well as to favourable pricing across most product lines. The increase was partially offset by higher sales programs and unfavourable product mix in PA&A.

The Company’s first quarter FY27 webcast presentation is posted in the Quarterly Reports section of BRP’s website.

About BRP

BRP Inc. is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its product lines with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Headquartered in Quebec, Canada, BRP had annual sales of CA$8.4 billion from over 110 countries and employed close to 17,000 driven, resourceful people as of January 31, 2026.

www.brp.com