Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles. news, RideApart. com, Motor1. com, Cycle World, motorbikewriter. com
NEWS
BRIEFS
The 2026 Indian Riders Fest announced the 5th anniversary edition of the Budweis Indian Motorcycle Custom Show( BCS), taking place during the legendary Indian Riders Fest 2026 from June 18-21 at Lipno Lake, Czech Republic. Pre-registration is mandatory for all entrants; no on-site entries will be accepted. An international jury will select a maximum of five custom motorcycles per class- 25 finalists total- to compete and be showcased at BCS. In honor of the brand ' s heritage, BCS entries are encouraged( but not required) to celebrate Indian Motorcycle ' s 125th anniversary. The Budweis Custom Show( BCS)- the only international custom bike show dedicated exclusively to Indian Motorcycle- proudly carries the AMDapproved custom show accolade for 2026 and promises a " creative and inspiring showcase by European custom bike builders and Indian Motorcycle dealers."
LeMans Chairman Paul Langley and legendary Bonneville streamliner racer Denis Manning have been named among the 2026 Sturgis Motorcycle Museum Hall of Fame Inductees. Legendary customizer Dave Perewitz receives a Lifetime Achievement award and John Andrews receives the posthumous ' Kickstands Down Award ' for his lifetime as a pioneering engineer and founder of cams and gear innovator Andrews Products; www. sturgismuseum. com
Human rights groups have reported that among the fatalities in the Iranian regime ' s January crack down on protests was a teenager called Duana Bahador. Known as Iran ' s ' Baby Rider ' the motorbike influencer was shot dead by security forces. The 19- year-old had built a strong following in Iran and elsewhere and, among other efforts to enjoy her young life, is known to have posted videos of herself online without a headscarf. Doing God ' s will?
Polaris Reports FY 2025 North American Indian Motorcycle Unit Sales Down High Single Digits
In releasing its fourth quarter and full year 2025 results in January, Polaris Inc.( NYSE: PII) reported worldwide sales of $ 1,922m, up nine percent versus the fourth quarter of 2024. North America sales of $ 1,623m represented 84 % of total company sales and increased 10 % from $ 1,481m in 2024. International sales of $ 299m represented 16 % of total Company sales and increased nine percent versus the fourth quarter of 2024. Total Company sales in the fourth quarter of 2025 were positively impacted by higher shipment volumes to meet demand. Full year 2025 sales were $ 7,152m, approximately flat compared to 2024( adjusted sales were $ 7,143m) with a full year 2025 reported diluted loss per share of $ 8.18( adjusted diluted net loss per share was $ 0.01). Primary factors affecting fourth quarter sales were cited as including higher shipments and higher mix within off-road vehicles( ORV) partially offset by lower net price. Polaris gained market share in all segments for full-year 2025, gaining share in ORV( excluding Youth), Snow and Marine during Q4. Powersports retail sales for the quarter were up nine percent excluding Youth versus 2024. CEO Mike Speetzen is reported as saying that " 2025 may have brought headwinds outside our control, but the Polaris team met the year with resolve, a disciplined focus, and unwavering commitment to our dealers and riders. " We delivered strong results for the year, gaining share across our segments, enhancing operations, achieving healthy dealer inventory levels, and advancing strategies that strengthen our foundation. " Our long-term growth plan remains anchored in category-defining innovation, efficient operations, and a best-in-class dealer network. We believe these priorities position us to lead the industry, drive profitable growth and deliver strong returns for shareholders." Off Road segment sales were driven by higher volume and favorable mix within ORV, partially offset by lower net price. PG & A sales increased 22 %. Gross profit margin performance was driven by pressure from tariffs and higher promotions, mostly offset by
CONSOLIDATED STATEMENTS OF INCOME( LOSS)( in millions US $)
Fourth Quarter & FullYear 2025 Earnings Results
volume and operational efficiencies. Polaris North America ORV excluding Youth unit retail sales were up five percent. Estimated North America industry ORV excluding Youth unit retail sales were up low-single digits
Polaris CEO Mike Speetzen is quoted as having said that " we delivered strong results for the year, gaining share across our segments, enhancing operations, achieving healthy dealer inventory levels."
Three months ended December 31 Twelve months ended December 31
2025 2024 2025 2024
Sales |
1,921.9 |
1,755.4 |
7,152.0 |
7,175.4 |
Cost of sales |
1,537.7 |
1,397.5 |
5,783.3 |
5,708.6 |
Gross profit |
384.2 |
357.9 |
1,368.7 |
1,466.8 |
Operating expenses: Selling and marketing |
136.1 |
113.8 |
505.0 |
500.4 |
Research and development |
105.9 |
78.2 |
371.9 |
336.9 |
General and administrative |
193.9 |
126.2 |
541.8 |
436.5 |
Goodwill impairment |
— |
— |
52.6 |
— |
Loss on disposal group held for sale |
288.1 |
— |
330.4 |
— |
Total operating expenses |
724.0 |
318.2 |
1,801.7 |
1,273.8 |
Income from financial services |
19.7 |
26.1 |
84.3 |
97.6 |
Operating( loss) income |
( 320.1) |
65.8 |
( 348.7) |
290.6 |
Net( loss) income |
( 303.6) |
10.6 |
( 465.5) |
110.8 |
Diluted Net income per share: |
$( 5.34) |
$ 0.19 |
$( 8.18) |
$ 1.95 |
percent. On Road segment sales were driven by higher mix of Aixam and Goupil; PG & A sales increased six percent.
Continues on page 12 >>>