Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES ENTERS AGREEMENT TO SELL 1400 S. FEDERAL AND ADVANCES FLORIDA REAL ESTATE OPTIMIZATION SUPPORTING APPROXIMATELY US$13.1 MILLION IN GROSS PROCEEDS, US$5.6 MILLION IN ESTIMATED NET EQUITY AND US$3.5 MILLION IN ANNUALIZED COST REDUCTIONS

Vision Marine Technologies Inc. has entered into an agreement to sell the property located at 1400 S. Federal Highway in Fort Lauderdale, Fla. The company also provided an aggregate update on its pending real-estate optimization transactions involving the 1440 S. Federal property in Fort Lauderdale and the Palm City property.

The three pending transactions form part of a co-ordinated Florida real estate and operating optimization initiative undertaken following the Nautical Ventures acquisition.

Key take-aways:

• Vision Marine entered into an agreement to sell 1400 S. Federal, formerly a principal office, showroom and operating location within the Nautical Ventures platform.
• The pending sales of 1400 S. Federal, 1440 S. Federal and Palm City are supported by signed transaction agreements and are expected to generate approximately $13.1-million (U.S.) in aggregate gross sale proceeds and approximately $5.58-million (U.S.) in estimated net equity, subject to closing.
• Management estimates that the broader Florida operating optimization initiative could reduce annualized site-related operating expenses by approximately $3.46-million (U.S.), before transition-related costs.
• Dania Beach and Fort Lauderdale Marina now operate as a more integrated waterfront platform for tenders, selected fibreglass boats, retail sales, marina operations, service, rigging, parts, logistics, delivery and E-Motion customer engagement.

Over the past year, Vision Marine has consolidated key Florida activities into its waterfront platform. Tender preparation, rigging, logistics and delivery were centralized at Nautical Ventures' Fort Lauderdale Marina in May, 2026, while tender display and sales activities previously supported at 1440 S. Federal were transitioned in June, 2026, to Nautical Ventures' Dania Beach waterfront location at 50 South Bryan Rd. Selected fibreglass boat activity is also being transitioned to Fort Lauderdale Marina as part of the company's plan to further develop the marina into a customer-facing waterfront location supporting showroom activity, delivery co-ordination and ownership support.

With these transitions complete, the 1400 S. Federal property, which historically served as a principal administrative, showroom and operating location within the Nautical Ventures platform, is no longer required under the company's optimized operating footprint. Management believes the resulting configuration simplifies operations, improves capital efficiency, supports a more co-ordinated customer experience and strengthens the commercial foundation for future E-Motion demonstrations, customer visibility, integration opportunities and after-sales support.

The pending transactions are supported by signed agreements, as set forth below.

The 1400 S. Federal purchase price reflected in the table is based on closing on or before Aug. 30, 2026. Under the 1400 S. Federal agreement, the purchase price increases to $10-million (U.S.) if closing occurs after Aug. 30, 2026. Estimated net equity is based on the $9.65-million (U.S.) purchase price and may change based on the final closing date, customary closing adjustments, taxes and other transaction-related costs.

Subject to closing and implementation of the related operational changes, management estimates that the initiative could reduce annualized site-related operating expenses by approximately $3.46-million (U.S.), before transition-related costs. Based on the company's annualized operating-cost base for the period from Sept. 1, 2025, through May 31, 2026, excluding depreciation and interest, the estimated reduction represents approximately 18.2 per cent of annualized operating expenses.

Collectively, the pending transactions are expected to simplify Vision Marine's real estate portfolio while preserving the waterfront infrastructure supporting retail, marina, service, delivery and technology-commercialization activities.

"Over the past year, our team focused on strengthening the operating platform before advancing the monetization of real estate no longer required under the company's optimized operating footprint," said Alexandre Mongeon, chief executive officer of Vision Marine. "With customer-facing retail activity consolidated into Dania Beach and marina operations, rigging, service, parts, logistics and delivery centred at Nautical Ventures' Fort Lauderdale Marina, we believe the platform is better positioned to reduce fixed site costs, enhance financial flexibility and support the continued commercialization of our E-Motion technology."

If realized, the estimated net equity from the pending transactions is expected to provide additional flexibility for balance sheet management, working capital requirements, financing optimization and strategic operating investments. The pending transactions remain subject to customary closing conditions, and there can be no assurance that any transaction will close on the anticipated terms or at all.

Financial and operating measure disclosure

The financial and operating figures in this release are based on signed transaction agreements, internal operating records and management estimates.

Expected gross sale proceeds represent aggregate contractual sale prices, subject to the completion of the pending transactions.

Estimated net equity represents expected gross sale proceeds less current mortgage balances and assumed brokerage commissions of 5 per cent, before customary closing adjustments, taxes and other transaction-related costs. Actual net proceeds may differ materially from these estimates.

Estimated annualized site-related operating-expense reductions represent management estimates based on current site-related operating expenses and anticipated operational changes. These estimates exclude depreciation and interest, are not financial measures prepared in accordance with IFRS (international financial reporting standards), and may differ materially from future realized savings. They should not be considered a substitute for, or necessarily indicative of, changes in operating income, net income, cash flow or liquidity reflected in the company's consolidated financial statements prepared in accordance with IFRS.

About Vision Marine Technologies Inc.

Vision Marine is a marine technology and recreational boating company focused on delivering a better on-water experience across propulsion types. The company develops proprietary high-voltage electric propulsion technology through its E-Motion platform and supports commercialization through its Nautical Ventures retail, marina, service and delivery platform across Florida. Vision Marine's integrated operating model combines technology, consumer access, service infrastructure and multibrand boating operations.

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