GlobeNewswire·Mar 4, 2026, 7:30 AM ET

Holley Reports Fourth Quarter and Full Year 2025 Results

HLLY

Holley Performance Brands reported fourth quarter 2025 net sales of $155.4 million, representing a 10.9% year-over-year increase.
Fourth quarter net income was $6.3 million ($0.05 per diluted share), a significant improvement from a $37.8 million net loss in the prior year period.
Fourth quarter adjusted EBITDA reached $33.2 million, up $4.1 million year-over-year, while free cash flow was $3.9 million.
Core business net sales for the fourth quarter grew 13.5% year-over-year after excluding non-core business sales of $3.2 million.
Full year 2025 net sales totaled $613.5 million, an increase of 1.9% over 2024, with core business net sales growing 6.6%.
Full year 2025 net income was $19.2 million ($0.16 per diluted share), reversing a $23.2 million net loss from 2024.
Full year 2025 adjusted EBITDA was $124.0 million, up from $110.5 million in 2024, and adjusted net income was $21.2 million.
The company prepaid $10 million of debt in Q4 2025, bringing total debt prepayments to $100 million since September 2023.
Holley ended 2025 with a net debt to EBITDA leverage ratio of 3.75x, which is below the 4.0x target.
Strategic initiatives delivered meaningful revenue growth and approximately $20 million in cost savings for the full year 2025.
Growth was achieved across 22 brands, with B2B channels growing ~10.8% and DTC channels growing 7.0% in the fourth quarter.
For the full year 2026, Holley introduced guidance projecting net sales between $625 million and $655 million.
Full year 2026 adjusted EBITDA is expected to range from $127 million to $137 million.
Capital expenditures for 2026 are forecasted between $15 million and $20 million.
Depreciation and amortization expense for 2026 is projected to be between $24 million and $26 million.
Interest expense for 2026 (excluding collar revaluation) is estimated to be between $42 million and $47 million.