BRP responds to ACCC block of Telwater sale

Executive Summary

• BRP Inc. acknowledges the Australian Competition and Consumer Commission's (ACCC) decision to oppose the proposed sale of its Telwater business to Yamaha Motor Australia.
• BRP will continue to operate Telwater as a standalone profitable business, maintaining its presence in the Australian market with iconic boat brands.
• The company confirms that the reversal of the sale will have no impact on its fiscal year 2026 financial guidance.

Key Details

• Regulatory Decision: The ACCC opposed the proposed acquisition of Telwater Pty. Ltd. by Yamaha Motor Australia Pty. Ltd. (a subsidiary of Yamaha Motor Co. Ltd.).
• Strategic Outcome: BRP retains ownership of Telwater and will continue to operate the business, offering quality boats to Australian consumers.
• Financial Impact: BRP explicitly states that the decision has no impact on its fiscal year 2026 financial guidance.
• Next Steps: BRP is evaluating all available options to determine the best path forward regarding the Telwater business.

Notable Quotes

• "In light of the ACCC's decision, BRP remains the owner of Telwater, and will continue to operate this profitable business and offer Australian consumers quality and reliable boats through its iconic brands."
• "Given the size of Telwater's business, BRP confirms this will have no impact on its fiscal year 2026 financial guidance."