MALIBU BOATS, INC.

Listed Company

MBUUCIK 0001590976NasdaqLarge AcceleratedShip & Boat Building & RepairingDelawareFY ends Jun 30

Period

FY 2025

Revenue

$807.56M

Net Income

$14.88M

Total Assets

$734.58M

Equity

$515.46M

Shares Out

Op. Cash Flow

$56.51M

Business

Malibu Boats, Inc. designs, manufactures and markets a diverse range of recreational powerboats and related accessories. It offers performance sport boats, sterndrive and outboard boats across eight brands (Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt) along with optional technological features and aftermarket parts. The company reports its business through product-based segments including Malibu and Axis (performance sport), Pursuit and Maverick Boat Group (saltwater outboard/fishing) and Cobalt (sterndrive/cruisers). Products are sold primarily through an extensive independent dealer network across North America and through international dealer locations.

Summary from filing dated 2025-08-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	808	829	1,388	1,215	927
Cost of sales	663	682	1,037	905	690
Gross profit	144	147	351	310	236
Selling and marketing	23	23	24	23	18
General and administrative	92	76	176	66	62
Goodwill and other intangible asset impairment	0	88	0	0	—
Abandonment of construction in process	0	9	0	0	—
Amortization	7	7	7	7	7
Operating income (loss)	22	−56	145	214	150
Other (income) expense, net	−385,000	−4,000	331,000	983,000	−1
Interest expense	2	2	3	3	—
Other expense, net	1	2	3	4	2
Income (loss) before provision (benefit) for income taxes	20	−58	141	210	148
Provision (benefit) for income taxes	5	−1	34	47	34
Net income (loss)	15	−56	108	163	114
Net income (loss) attributable to non-controlling interest	361,000	−531,000	3	6	4
Net income (loss) attributable to Malibu Boats, Inc.	15	−56	105	158	110
Change in cumulative translation adjustment	−448,000	142,000	−833,000	−2	1
Other comprehensive (loss) income	−448,000	142,000	−833,000	−2	1
Comprehensive income (loss)	15	−56	107	162	116
Less: comprehensive income (loss) attributable to non-controlling interest, net of tax	346,000	−516,000	3	6	5
Comprehensive income (loss) attributable to Malibu Boats, Inc., net of tax	14	−56	104	156	111
Basic (in shares)	20	20	21	21	21
Diluted (in shares)	20	20	21	21	21
Basic (in dollars per share)	0.76	−2.74	5.1	7.6	5.29
Diluted (in dollars per share)	0.76	−2.74	5.06	7.51	5.23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash	37	27	79	84	41
Trade receivables, net	23	23	68	52	50
Inventories, net	142	146	171	157	117
Prepaid expenses and other current assets	15	6	8	6	—
Assets held for sale	3	0	—	—	—
Total current assets	220	202	326	298	213
Property, plant and equipment, net	236	245	205	171	133
Goodwill	51	51	101	101	101
Other intangible assets, net	169	175	221	228	235
Deferred tax assets	52	58	63	42	48
Other assets	7	8	10	11	13
Total assets	735	740	926	851	743
Accounts payable	24	19	40	44	46
Accrued expenses	110	119	187	88	77
Income taxes and tax distribution payable	151,000	4,000	847,000	2	3
Payable pursuant to tax receivable agreement, current portion	271,000	0	4	4	4
Total current liabilities	135	139	232	139	134
Deferred tax liabilities	15	18	28	27	28
Other liabilities	7	8	10	12	16
Payable pursuant to tax receivable agreement, less current portion	40	41	39	42	44
Long-term debt	18	0	0	118	139
Total liabilities	215	205	310	338	362
Commitments and contingencies (See Note 17)	—	—	—	—	—
Preferred Stock, par value $0.01 per share; 25,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025; no shares issued and outstanding as of June 30, 2024	0	0	0	0	0
Additional paid in capital	35	64	86	85	111
Accumulated other comprehensive loss, net of tax	−5	−4	−4	−4	—
Accumulated earnings	485	470	526	421	264
Total stockholders' equity attributable to Malibu Boats, Inc.	515	530	608	503	373
Non-controlling interest	4	5	8	10	8
Total stockholders equity	520	535	616	514	381
Total liabilities and stockholders' equity	735	740	926	851	743

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Non-cash compensation expense	6	5	6	6	6
Non-cash compensation to directors	1	2	1	1	834,000
Depreciation	32	26	22	19	16
Amortization	7	7	7	7	7
Deferred income taxes	4	−4	−16	5	7
Adjustment to tax receivable agreement liability	−347,000	36,000	188,000	—	—
Other items, net	2	2	2	1	2
Trade receivables	106,000	45	−17	−2	−33
Inventories	3	26	−14	−38	−36
Prepaid expenses and other assets	−493,000	2	−2	−1	3
Accounts payable	7	−21	−5	−287,000	24
Income taxes receivable and payable	269,000	−708,000	6,000	−794,000	4
Accrued expenses	−18	−68	99	11	25
Other liabilities	−2	−2	−2	−4	−5
Payment pursuant to tax receivable agreement	0	−4	−4	−4	−4
Net cash provided by operating activities	57	56	185	165	131
Purchases of property and equipment	−28	−76	−55	−55	−31
Proceeds from sale of property and equipment	543,000	120,000	202,000	9,000	9,000
Net cash used in investing activities	−27	−76	−55	−62	−181
Proceeds from revolving credit facility	48	75	242	72	65
Payments on revolving credit facility	−30	−75	−339	−20	−29
Principal payments on long-term borrowings	0	0	−23	−76	−625,000
Payment of deferred financing costs	0	0	−1	0	−638,000
Proceeds received from exercise of stock options	233,000	0	1	3	375,000
Cash paid for tax withholdings	−1	−1	−3	−2	−1
Distributions to non-controlling LLC Unit holders	0	−890,000	−3	−3	−2
Repurchase and retirement of Class A Common Stock	−36	−29	−8	−35	0
Net cash used in financing activities	−19	−32	−135	−60	57
Effect of exchange rate changes on cash	−255,000	−13,000	−328,000	−580,000	127,000
Changes in cash	10	−52	−5	42	8
Cash paid for interest	2	3	3	2	2
Cash paid for income taxes	910,000	4	51	42	23
Income tax refunds	−2	−1	0	0	—
Establishment of deferred tax assets from step-up in tax basis	367,000	2	3	0	3
Establishment of amounts payable under tax receivable agreements	167,000	1	2	0	2
Exchange of LLC Units for Class A Common Stock	691,000	3	3	0	1
Reclassification of properties to assets held for sale	3	0	0	—	—
ROU assets obtained in exchange for lease liabilities	2	0	0	—	—
Repurchase/retirement of common stock not settled	0	527,000	0	0	—
Capital expenditures in accounts payable	250,000	1	2	1	2

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