Double-Digit Growth in Second Half 2025
New product successes drove double-digit growth in the second half of the year, resulting in a solid finish to fiscal 2025.
Reduction in Operating Loss
Operating loss of $16.2 million improved compared to fiscal 2024, showing progress in profitability.
Successful Product Launches
Humminbird's new XPLORE Series and MEGA Live 2 fishfinders exceeded demand expectations and received industry awards.
Increase in Gross Margin
Gross margin for fiscal 2025 improved to 35.1%, up 1.2 points from the prior year.
Positive Cash Flow and Inventory Reduction
Positive cash flow from operations achieved for the third consecutive year, with inventory reduced by $39 million from fiscal '24.
Debt-Free Balance Sheet
The company maintains a debt-free balance sheet, with a healthy cash position.