Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 120

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 120
---
 exercised.Certain of our lease agreements include rental payments based on percentage of retail sales over contractual levels and others include rental payments adjusted periodically based on index rates. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

16.    Related Party Transactions

In accordance with agreements approved by the Board, we purchased inventory, in conjunction with our retail sale of the products, from certain entities affiliated with the Company. Total purchases incurred under these arrangements were $28.4 million and $32.3 million for the three months ended June 30, 2025 and 2024, respectively, and $118.8 million and $103.8 million for the nine months ended June 30, 2025 and 2024, respectively. In accordance with agreements approved by the Board, certain entities affiliated with the Company receive fees for rent of commercial property. Total expenses incurred under these arrangements were $0.8 million and $0.6 million for the three months ended June 30, 2025 and 2024, respectively, and $2.8 million and $1.8 million for the nine months ended June 30, 2025 and 2024, respectively. In accordance with agreements approved by the Board, the Company received fees from certain entities and individuals affiliated with the Company for goods and services. Total fees recorded under these arrangements were $0.5 million and $0.1 million for the three months ended June 30, 2025 and 2024, respectively, and $3.3 million and $1.4 million for the nine months ended June 30, 2025 and 2024, respectively.In accordance with agreements approved by the Board, the Company made payments to certain entities and individuals affiliated with the Company for goods and services. No payments were recorded under these arrangements for the three months ended June 30, 2025. Total payments recorded under these arrangements were $0.2 million for the nine months end June 30, 2025. Total payments recorded under these arrangements were $0.1 million for the three and nine months ended June 30, 2024.In connection with transactions noted above, the Company owed $0.2 million and $6.0 million as recorded within accounts payable as of June 30, 2025 and September 30, 2024, respectively. Additionally, the Company had $2.5 million recorded within accounts receivable as of June 30, 2025. No amounts