Published:
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.
Read Here
Advertise
Sign Up
