BRP Inc. Files 6-K, Submits Form 40-F

TL;DR

BRP Inc. filed a 6-K on 3/26/25, submitting their 40-F annual report.

AI Summary

BRP Inc. filed a Form 6-K on March 26, 2025, indicating it is submitting its annual report on Form 40-F. The filing includes Exhibit 99.1, which is considered filed for purposes under the Securities Act of 1933 and the Securities Exchange Act of 1934.

Why It Matters

This filing signifies BRP Inc.'s compliance with SEC reporting requirements for foreign private issuers, providing an update on their annual reporting status.

Risk Assessment

Risk Level: low — This is a routine administrative filing related to annual reporting requirements.

Key Players & Entities

• BRP Inc. (company) — Registrant
• March 26, 2025 (date) — Filing Date
• Form 40-F (document) — Annual Report Form
• Exhibit 99.1 (document) — Included Exhibit

FAQ

From the Filing

0001193125-25-063127.txt : 20250326 0001193125-25-063127.hdr.sgml : 20250326 20250326070015 ACCESSION NUMBER: 0001193125-25-063127 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20250326 FILED AS OF DATE: 20250326 DATE AS OF CHANGE: 20250326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRP Inc. CENTRAL INDEX KEY: 0001748797 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 STATE OF INCORPORATION: A8 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38648 FILM NUMBER: 25770087 BUSINESS ADDRESS: STREET 1: 726 SAINT-JOSEPH STREET CITY: VALCOURT STATE: A8 ZIP: J0E 2L0 BUSINESS PHONE: 450-532-2211 MAIL ADDRESS: STREET 1: 726 SAINT-JOSEPH STREET CITY: VALCOURT STATE: A8 ZIP: J0E 2L0 6-K 1 d877151d6k.htm 6-K 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March, 2025 Commission File Number: 001-38648 BRP INC. (Translation of registrant’s name into English) 726 Saint-Joseph Street Valcourt, Quebec, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F  ☐    Form 40-F  ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):         Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):         EXHIBIT INDEX Exhibit 99.1 to this report of a Foreign Private Issuer on Form 6-K are deemed filed for all purposes under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Exhibit No. Description 99.1 Press Release of BRP Inc., dated March 26, 2025 announcing fourth quarter and fiscal 2025 results SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BRP Inc. Date: March 26, 2025 By: /s/ Sébastien Martel Name Sébastien Martel Title: Chief Financial Officer EX-99.1 2 d877151dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 PRESS RELEASE For immediate distribution BRP PRESENTS ITS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS Highlights for FY25 Q4 • As expected, revenues of $2,097.6 million, a decrease of 19.7% compared to last year, resulting from continued softer demand and the Company’s objective to reduce network inventory; • Net loss of $44.5 million, a decrease of 114.7% compared to last year; • Normalized EBITDA [1] of $239.8 million, a decrease of 44.6% compared to last year; • Normalized diluted earnings per share [1] [2] of $0.98 in line with expectations, a decrease of $1.80 per share, and diluted earnings per share of $(0.60), a decrease of $4.55 per share, compared to last year; • North American retail sales decreased by 21% compared to last year, resulting from lower industry volumes in Snowmobile and market share loss in Off-Road Vehicles due to high non-current inventory from other OEMs; • The Company increased its quarterly dividend to $0.215 per share. Highlights for FY25 • Revenues of $7,829.7 million, a decrease of 21.4% compared to last year; • Achieved revised FY25 guidance adjusted for Marine businesses discontinued operations with Normalized diluted earnings per share [1] [2] of $4.68; • Provided shareholder returns through $277.0 million deployed in share repurchases and dividend payments; • North American network inventory decreased by 13% compared to last year, or 18% when excluding snowmobiles for which network inventory increased due to lower