Off The Hook YS (OTH) investor relations material

Executive summary

• Achieved record nine-month revenues of $82.6 million, up 19.3% year-over-year, driven by increased boat sales and strategic expansion following the public listing.

• Sold 310 boats in the first nine months of 2025, a 24.4% increase year-over-year, with strong growth in both new and pre-owned segments.

• Completed IPO in November 2025, raising $15 million to support growth initiatives and public company infrastructure.

• Launched Autograph Yachts Group to strengthen presence in the high-end segment and expanded broker network to 45 nationwide.

• Net income for the nine months was $776,949, down from $1.67 million prior year, reflecting higher operating and interest expenses.

Financial highlights

• Year-to-date gross profit rose 20.8% to $8.4 million, with margin improvement attributed to disciplined inventory management.

• Boat sales revenue grew 20.4% to $80.7 million for the nine months; finance income declined 14.1% to $1.86 million.

• Adjusted EBITDA for the nine months was $2.6 million, down from $3.1 million year-over-year, reflecting investments in growth.

• SG&A expenses increased to $6.1 million from $4.3 million, mainly due to marketing, advertising, and IPO costs.

• Q3 revenue was $24.0 million, down 7.2% year-over-year, attributed to timing of large boat sales.

Outlook and guidance

• 2026 full-year revenue guidance set at $140–$145 million, reflecting confidence in continued growth.

• Targeting 20–40% annual top-line growth and 30–45% bottom-line growth over the next three to five years.

• Management expects sales growth to accelerate due to increased broker pool and capital for inventory expansion.

• Expecting strong finish to 2025 with significant increases in pre-owned inventory and continued below-market purchases.

• The company anticipates higher effective tax rates going forward as a result of its transition to C corporation status.