Grand Banks Yachts net profit falls 42.4% YoY in Q3 2025

The company’s net order book stood at $119.5m.

Grand Banks Yachts’ net profit after tax declined by 42.4% year-on-year to $2.3m in the third quarter of the financial year 2025.

Despite revenue increasing by 37.8% YoY to $40.1m during the period, a higher proportion of lower-margin trade-in boats and enhancements costs caused the gross profit margin to decline.

For the period under review, it booked 11 new boat orders, including seven build-to-order, two trade-in boats, one pre-owned boat, and one stock boat.

The company’s net order book stood at $119.5m, an increase of 8.8% YoY.

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