BC Q4 2025 Earnings Presentation

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Q4 2025 Earnings Conference Call JANUARY 29, 2026

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 2 BRUNSWICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements Certain statements in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections about Brunswick’s business and by their nature address matters that are, to different degrees, uncertain. Words such as “may,” “could,” “should,” “expect,” "anticipate," "project," "position," “intend,” “target,” “plan,” “seek,” “estimate,” “believe,” “predict,” “outlook,” “will,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this presentation. These risks include, but are not limited to: the effect of adverse general economic conditions, including rising interest rates, and the amount of disposable income consumers have available for discretionary spending; changes to trade policy and tariffs, including retaliatory tariffs; changes in currency exchange rates; fiscal and monetary policy changes; adverse capital market conditions; competitive pricing pressures; higher energy and fuel costs; managing our manufacturing footprint and operations; loss of key customers; international business risks, geopolitical tensions or conflicts, sanctions, embargoes, or other regulations; actual or anticipated increases in costs, disruptions of supply, or defects in raw materials, parts, or components we purchase from third parties; supplier manufacturing constraints, increased demand for shipping carriers, and transportation disruptions; adverse weather conditions, climate change events and other catastrophic event risks; our ability to develop new and innovative products and services at a competitive price; absorbing fixed costs in production; our ability to meet demand in a rapidly changing environment; public health emergencies or pandemics; our ability to successfully implement our strategic plan and growth initiatives; attracting and retaining skilled labor, implementing succession plans for key leadership, and executing organizational and leadership changes; our ability to integrate acquisitions and the risk for associated disruption to our business; the risk that restructuring or strategic divestitures will not provide business benefits; our ability to identify and complete targeted acquisitions; maintaining effective distribution; dealer and customer ability to access adequate financing; inventory reductions by dealers, retailers, or independent boat builders; requirements for us to repurchase inventory; risks related to the Freedom Boat Club franchise business model; outages, breaches, or other cybersecurity events regarding our technology systems, which have affected and could further affect manufacturing and business operations and could result in lost or stolen information and associated remediation costs; our ability to protect our brands and intellectual property; an impairment to the value of goodwill and other assets; product liability, warranty, and other claims risks; legal, environmental, and other regulatory compliance, including increased costs, fines, and reputational risks; risks associated with joint ventures that do not operate solely for our benefit; changes in income tax legislation or enforcement; managing our share repurchases; and risks associated with certain divisive shareholder activist actions. Additional risk factors are included in the Company’s Annual Report on Form 10-K for 2024 and subsequent quarterly reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and Brunswick does not undertake any obligation to update them to reflect events or circumstances after the date of this presentation. Stephen Weiland – Senior Vice President & Deputy CFO Brunswick Corporation, 26125 N. Riverwoods, Mettawa, IL 60045 Phone: +1-847-383-0867 Email: stephen.weiland@brunswick.com

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 3 BRUNSWICK CORPORATION – EARNINGS RELEASE Use of Non-GAAP Financial Information and Constant Currency Reporting In this presentation, Brunswick uses certain non-GAAP financial measures, which are numerical measures of a registrant’s historical or future financial performance, financial position, or cash flows that exclude amounts, or are subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets, or statements of cash flows of the registrant; or include amounts, or are subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Brunswick has used certain non-GAAP financial measures that are included in this presentation for several years, both in presenting its results to shareholders and the investment community and in its internal evaluation and management of its businesses. Brunswick’s management believes that these measures and the information that they provide are useful to investors because they permit investors to view Brunswick’s performance using the same tools that Brunswick uses and to better evaluate Brunswick’s ongoing business performance. In addition, in order to better align Brunswick's reported results with the internal metrics used by the Company's management to evaluate business performance as well as to provide better comparisons to prior periods and peer data, non-GAAP measures exclude the impact of purchase accounting amortization related to acquisitions, and certain restructuring, exit and impairment charges, among other adjustments. For additional information and reconciliations of GAAP to non-GAAP measures, please see Brunswick's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2026, which is available at www.brunswick.com, and the Appendix to this presentation. Brunswick does not provide forward-looking guidance for certain financial measures on a GAAP basis because it is unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include restructuring, exit and impairment costs, special tax items, acquisition-related costs, and certain other unusual adjustments. For purposes of comparison, 2025 net sales growth is also shown using 2024 exchange rates for the comparative period to enhance the visibility of the underlying business trends, excluding the impact of translation arising from foreign currency exchange rate fluctuations. We refer to this as "constant currency" reporting.

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 5 Full Year 2025 Outstanding finish to a challenging year – FY sales and FCF1 increased vs. 2024 BRUNSWICK CORPORATION – EARNINGS RELEASE Adjusted1 EPS (-28% vs. 2024) $3.27 Flat Global BC Boat Retail in 2H 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES. Net Sales (+2% vs. 2024) $5.4B Free Cash Flow1 (+$158M vs. 2024) $442M ✓ Q4 sales and adjusted earnings1 increased for all segments vs. Q4 2024 ✓ Outstanding 2025 free cash flow1, supporting shareholder capital return while retiring ~$240M of debt ✓ Boat and engine pipeline inventories remain extremely healthy and at record low levels ✓ Boat pipeline vs. Q4 2024: • U.S. boat pipeline down ~1,300 units • Global boat pipeline down ~2,200 units

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6 BRUNSWICK CORPORATION – EARNINGS RELEASE Q4 2025 – All Segments Grew Sales for Second Consecutive Quarter ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. ✓ Robust new product development pipeline and significant OEM interest in Simrad AutoCaptain ✓ Strong aftermarket performance during Q4 holiday season and electronics share gains at leading retailers ✓ Operating margin expansion trend continues, reflecting traction from improvement actions ✓ 2H retail significantly improved vs. Q2, with continued exceptionally healthy dealer pipelines – low and fresh ✓ Improving dealer sentiment and retail environment ✓ Record FLIBs performance – units and sales ✓ Grew Freedom Boat Club to 442 global locations with over 640k annual member trips, up 5% over last year Navico Group Boat1Engine P&APropulsion ✓ Showed Mercury ‘808’ concept at CES, highlighting uncontested high-hp leadership – five engine development programs underway ✓ Continued U.S. outboard retail market share leader, with 46.5% share for the year ✓ Record Mercury outboard share at FLIBS: 61% overall and 76% on- the-water ✓ Favorable weather and strong fall sales program performance with dealers drove parts growth ✓ Continued momentum in distribution business with Q4 sales up 22% YoY ✓ Land ‘N’ Sea distribution share up 210bps in 2025 1BOAT SEGMENT INCLUDES BUSINESS ACCELERATION.

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BRUNSWICK CORPORATION – EARNINGS RELEASE External, Customer, and Consumer Conditions ✓ Continued Mercury wholesale strength from steady OEM build rates ✓ With record low pipelines, retail outpaced wholesale in boats and engines, setting up 2026 positively in a range of scenarios ✓ Navico Group marine OEM sales stabilization ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. ✓ Total 2025 incremental net tariff impact of ~$75M ✓ Driving mitigation actions to manage 2026 full year impact – estimating $35-$45M net incremental tariff impact ✓ Supreme Court IEEPA decision outstanding, but trade agreements expected to remain in place including tariffs on Japanese Mercury competitors External Landscape Tariffs Dealer & Customer Sentiment OEM Environment ✓ U.S. Fed Funds rate reductions benefitting wholesale and retail financing rates with market expecting further cuts ✓ Overall strength in equity markets benefitting premium and core consumers ✓ Geopolitical and trade policy landscape remains very dynamic ✓ Improved long-term dealer outlook ✓ Healthy dealer pipelines and increasing boating participation – U.S. boat registrations and Freedom Boat Club trips both up ✓ Incentives remain elevated but improved ~100bps YoY ✓ Retail demand improved significantly in the second half of the year 7

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-20% -10% 0% 10% Premium/Core Value Industry Retail ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 8 BRUNSWICK CORPORATION – EARNINGS RELEASE Boats ✓ 2H internal retail acceleration vs. Q2; 2H flat to prior year ✓ SSI 2025 U.S. boat industry retail units down 9% with Brunswick U.S. internal retail outperforming • Global internal retail units down 5% for the year due to weakness in value product lines ✓ Retail continued to outpace wholesale with global pipeline down ~2,200 units versus last year, ~4,100 last two years Engines ✓ Full year U.S. outboard engine industry retail down slightly, Mercury leadership position remains solid ✓ U.S. outboard December R12 share of 46.5%; overall share gain of 70bps in 2H, with larger gains in high horsepower ✓ U.S. outboard pipeline down ~10% versus last year, ~26% last two years SOURCE: STATISTICAL SURVEYS, INC.: PRELIMINARY DATA IS SHOWN ON A COMPARATIVE BASIS USING STATES REPORTING TO DATE AS OF DECEMBER 2025, APPROXIMATELY 73.2% OF THE U.S. BOAT MARKET, COAST GUARD DATA. 2H Market Stabilization for Global Brunswick Boat Retail units vs. prior year 1H (-HSD%) 2H retail acceleration for Brunswick boats, Mercury engines, and P&A 2H (Flat) FY (-MSD%) >90% of Current Boat Group Gross Margin

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2025 Shares Repurchased $80M Exceptional Free Cash Flow1 Performance Supporting Capital Strategy ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 9 2025 Free Cash Flow1 +$158M vs. prior year $442M 1SEE THE APPENDIX TO THIS PRESENTATION, TODAY’S FORM 8-K, AND PREVIOUSLY FILED FORM 8-KS FOR RECONCILIATIONS TO GAAP FIGURES. BRUNSWICK CORPORATION – EARNINGS RELEASE Investment Grade Credit Rating $1.3B of liquidity, with full access to undrawn facility 2025 Debt Reduction +$40M vs. Q3 Guidance ~$240M ✓ Recently converted $300M of long-term debt into rate-advantaged commercial paper ✓ Net leverage of 3x, on path to 2x target ✓ 13th consecutive year of dividend increase Proven Track Record of Debt Reduction $2,509 $2,430 $2,341 $2,102 2022 2023 2024 2025 Total Debt ($M) 2025 Dividends $113M

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Overview of Fourth Quarter 2025 Adjusted Results ✓ Sales and earnings growth in each segment vs. Q4 2024 ✓ Increase in adjusted operating margin1 due to higher net sales and operational improvements ✓ $88M of free cash flow1 BRUNSWICK CORPORATION – EARNINGS RELEASE ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 11 $1,155 $1,334 2024 2025 Net Sales ($M) Diluted EPS1 $0.24 $0.58 2024 2025 Operating Earnings1 ($M) Operating Margin1 % Free Cash Flow1 ($M) $47 $67 4.1% 5.0% 0.00 % 1.00 % 2.00 % 3.00 % 4.00 % 5.00 % 6.00 % 7.00 % 8.00 % 0 10 20 30 40 50 60 70 2024 2025 +16% +142% $278 $88 2024 2025 (68%) 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES.

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Overview of Full-Year 2025 Adjusted Results ✓ Sales exceeded guidance driven by a strong second half overcoming challenging first- half retail environment ✓ Adjusted operating earnings1 and diluted EPS1 slightly above expectations ✓ Outstanding 2025 free cash flow1 of $442M BRUNSWICK CORPORATION – EARNINGS RELEASE ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 12 $5,237 $5,363 2024 2025 Net Sales ($M) Diluted EPS1 $4.57 $3.27 2024 2025 Operating Earnings1 ($M) Operating Margin1 % Free Cash Flow1 ($M) $495 $371 9.5% 6.9% 0.00 % 2.00 % 4.00 % 6.00 % 8.00 % 10.0 0% 12.0 0% 14.0 0% 16.0 0% 18.0 0% 20.0 0% 0 100 200 300 400 500 600 2024 2025 +2% (28%) $284 $442 2024 2025 +56% 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES.

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Propulsion Segment – Q4’25 Performance1 Adjusted Operating Margin of 6.5% Up 90 bps vs. Q4’24 Adjusted Operating Earnings of $36.3M Up 43% vs. Q4’24 $445.9 $32.6 $78.3 $556.6 Outboard Engines Sterndrive Engines Controls, Rigging, and Propellers Total Propulsion Q4’25 Net Sales % Change vs. Q4’24 11% 13% 23% Significant sales increases in all categories benefiting from strong OEM orders and market leadership 26% 13 BRUNSWICK CORPORATION – EARNINGS RELEASE ($ in millions) ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. (GAAP Operating Margin of 6.5% up 120 bps vs. Q4’24) (GAAP Operating Earnings of $36.0M up 49% vs. Q4’24) 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES.

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Engine P&A Segment – Q4’25 Performance1 $106.2 $154.5 $260.7 Products Distribution Total Engine P&A Q4’25 Net Sales % Change vs. Q4’24 7% 22% 15% Strong performance in each business, together with distribution market share gains, driving sales growth 10.4% Down 80 bps vs. Q4’24 $27.1M Up 7% vs. Q4’24 BRUNSWICK CORPORATION – EARNINGS RELEASE ($ in millions) ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 14 (GAAP Operating Margin of 10.4% down 60 bps vs. Q4’24) (GAAP Operating Earnings of $27.1M up 9% vs. Q4’24) Adjusted Operating Margin of Adjusted Operating Earnings of 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES.

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Navico Group Segment – Q4’25 Performance1 8.4% Up 180 bps vs. Q4’24 (GAAP Operating Margin of (0.1%) NM2 vs. Q4’24) Q4’25 Navico Group Net Sales $203.0M Up 4.0% vs. Q4’24 $17.1M Up 33% vs. Q4’24 (GAAP Operating Earnings of ($0.3M) up 99.7% vs. Q4’24) Sales and earnings increases reflect solid OEM orders, steady aftermarket performance, and operational improvements BRUNSWICK CORPORATION – EARNINGS RELEASE ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 15 Adjusted Operating Margin of Adjusted Operating Earnings of 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES. 2NM = NOT MEANINGFUL. ($ in millions)

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Boat Segment – Q4’25 Performance1 6.1% Up 290 bps vs. Q4’24 $23.6M Up 115% vs. Q4’24 $147.2 $111.6 $85.7 $47.9 $387.3 Aluminum Freshwater Recreational Fiberglass Saltwater Fishing Business Acceleration Total Boat Q4’25 Net Sales % Change vs. Q4’24 11% 33% 11% 6% (3%) 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY'S FORM 8-K FOR RECONCILIATIONS TO GAAP FIGURES.. 2TOTAL BOAT NET SALES INCLUDES $5.1M OF BOAT ELIMINATIONS. Sales and Adjusted Operating Earnings growth driven by stronger wholesale sales and lower discounting environment (GAAP Operating Margin of 4.3% up 170 bps vs. Q4’24) (GAAP Operating Earnings of $16.7M up 82% vs. Q4’24) BRUNSWICK CORPORATION – EARNINGS RELEASE ($ in millions) 2 ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 16 Adjusted Operating Margin of Adjusted Operating Earnings of

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 17 2026 Guidance1 1EACH ON AN “AS ADJUSTED” BASIS WHERE APPLICABLE. Revenue $5.6B to $5.8B $3.80 to $4.40 7.5% to 8.0% $350M+ $1.2B to $1.4B $0.35 to $0.45 Operating Margin Diluted EPS Free Cash Flow Q1 Revenue Q1 EPS Key Assumptions ✓ Stable macro- environment ✓ Flat-to-slightly up U.S. retail boat market ✓ Wholesale / retail alignment ✓ Stable boating participation ✓ Growth in sales and operating margin for all segments ✓ Continued successful tariff mitigation ✓ Q1 bears majority of FY incremental tariff cost Full year guidance reflects broad-based growth and strong operating leverage in a flat-to-slightly up market

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18 2026 Adjusted EPS Midpoint Bridge1 ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. $3.27 $4.10 FY 2025 Sales Cost Reductions Currency Strategic Opex Incremental Tariffs FY 2026 Guidance Midpoint BRUNSWICK CORPORATION – EARNINGS RELEASE 1SEE THE APPENDIX TO THIS PRESENTATION AND TODAY’S FORM 8-K FOR RECONCILIATIONS TO HISTORICAL GAAP FIGURES. $4.10 EPS guidance midpoint reflects 25% growth from 2025

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Capital Structure ✓ ~$240M debt retired in 2025 against $400M ’25/’26 target ✓ Attractive long-term debt profile with no maturities until 2029 ✓ On path to 2x net leverage target $400 $550 $450 $215 $200 2029 2031 2032 2049 2052 Pre-Payable 2026 Guidance1 P&L and Cash Flow Assumptions ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19 BRUNSWICK CORPORATION – EARNINGS RELEASE 1EACH ON AN “AS ADJUSTED” BASIS WHERE APPLICABLE. 2REFLECTS DEPRECIATION ONLY; EXCLUDES ~$75M OF TOTAL INTANGIBLE ASSET AMORTIZATION. ONLY PURCHASE ACCOUNTING AMORTIZATION IS ADJUSTED WITHIN THE NON- GAAP OPERATING EARNINGS RECONCILIATIONS FOUND IN THE APPENDIX. $35M to $45M ~$200M $15M to $25M ~$50M ~$50M+ ~$225M Positive Currency Impact Capital Expenditures Net Working Capital Generation Share Repurchases Depreciation2 Debt Maturity Profile Incremental Net Tariff Impact ($ in millions) 5.85% 2.40% 4.40% 6.40% 5.10%

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 21 BRUNSWICK CORPORATION – EARNINGS RELEASE CES 2026 • Featured boats from 3 of our industry-leading brands • Showcased revolutionary Simrad AutoCaptain • Demonstrated on-vessel AI assistant concepts Product Launches • World premiere of Sea Ray SLX 360 generated strong consumer interest ahead of early-season boat shows • Global unveiling of Flite RACE, the world’s fastest and most advanced eFoil Mercury 808 Concept • Ultra-high horsepower concept based on 600hp platform signaling future direction of outboard propulsion • Emphasized Mercury Marine’s position as the world leader in outboard innovation Cutting-Edge Product Innovation Displayed at CES 2026 Awards Recognition • CES 'Picks' Award for Simrad AutoCaptain • Top 10 'Best Booth Experience’ award from Event Marketer • Finalist for BOSS Award for best experiential design

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BRUNSWICK CORPORATION – EARNINGS RELEASE Encouraging Recent Boat Show Performance 22©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. FLIBS • Record 61% overall outboard Mercury share • Combined unit sales of Boston Whaler, Sea Ray, and Navan up 6% • Revenue up 15% YoY Dusseldorf • Global debut of Navan T30 model • Our premium fiberglass brands recorded a 15% YoY revenue growth • Mercury share exceeded 50%, 70% engine share 300+ hp Award Recognition • Navan S30 – Motorboat of Year for Best Weekender up to 40ft • SDX 270 Surf – European Powerboat of the Year • Princecraft Platinum 190 – Innovation Award from the NMMA

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 23 100+ Awards for the 4th Consecutive Year ~17% Of Brunswick’s 2025 Awards Represent National/Global Accolades 6th Consecutive 3rd Consecutive 1st Year 3rd Consecutive 2nd Consecutive 2nd Consecutive BRUNSWICK CORPORATION – EARNINGS RELEASE Growing Awards Recognition

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Thank Y ou + Q&A Brunswick Investor Event The Convention Center at the Miami International Boat Show February 12, 2026 Experience Our Product and Engage with the Leadership Team Contact Pam Eriksen for details: pamela.eriksen@brunswick.com 2:00 – 3:30 PM EST Guided Exhibit Tours Meeting Point: Brunswick Booth (MB320L – convention center lobby) 5:00 – 6:30 PM EST Cocktail Reception Ritz Carlton South Beach – One Lincoln Road, Miami Beach – DiLido South ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 24

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 26 BRUNSWICK CORPORATION – EARNINGS RELEASE 2026 Outlook - Segment Guide1 1EACH ON AN “AS ADJUSTED” BASIS WHERE APPLICABLE, VERSUS COMPARABLE PRIOR YEAR. 2SEGMENT NET SALES GUIDANCE FIGURES ARE EXCLUSIVE OF SEGMENT ELIMINATIONS. Propulsion Engine P&A Navico Group Boat Mid-to-High Single-Digit Percent Low-to-Mid Single-Digit Percent Mid Single-Digit Percent Mid-to-High Single-Digit Percent Flat-to-Up 30 Basis Points ~20% Up 50+ Basis Points Up 100+ Basis Points Revenue Growth Guide2 Operating Margin Guide

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2026 Outlook – Capital Strategy and Other Assumptions ©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 27 1TAX PROVISION, AS ADJUSTED FOR SPECIAL TAX ITEMS. BRUNSWICK CORPORATION – EARNINGS RELEASE Debt Retirement Average Diluted Shares Outstanding Net Interest Expense Effective Tax Rate As Adjusted1 ~$160M ~65.5M ~$95M ~22%

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. BRUNSWICK CORPORATION – EARNINGS RELEASE Net Sales – Q4 2025 Net Sales increased by $178.9 million, or 16 percent SALES BY REGION 28 NET SALES (in millions) Segments Q4 2025 Q4 2024 % Change Propulsion $556.6 $452.1 23% Engine Parts & Accessories 260.7 226.2 15% Navico Group 203.0 195.1 4% Boat 387.3 348.3 11% Segment Eliminations (73.8) (66.8) (11%) Total $1,333.8 $1,154.9 16% Region Q4 2025 % of Sales % Change Constant Currency E x Acquisitions % Change United States 67% 14% 14% Europe 14% 22% 12% Asia-Pacific 8% 11% 11% Canada 5% 27% 27% Rest-of-World 6% 21% 17% Total International 33% 20% 15% Consolidated 16% 14%

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. GAAP to Non-GAAP Reconciliations – Q4 2025 29 BRUNSWICK CORPORATION – EARNINGS RELEASE Operating Earnings and Diluted Earnings per Share (in millions, except per share data) Q4 2025 Q4 2024 Q4 2025 Q4 2024 GAAP $41.9 ($55.7) $0.28 ($1.07) Purchase accounting amortization 14.5 14.7 0.20 0.19 Restructuring, exit and impairment charges 10.2 88.1 0.07 1.05 Acquisition, integration, and IT related costs — 0.3 — — IT security incident costs — (0.2) — — (Gain) Loss on Early Extinguishment of Debt — — (0.11) 0.15 Special tax items — — 0.14 0.05 Gain on Sale of Business — — — (0.13) As Adjusted $66.6 $47.2 $0.58 $0.24 GAAP operating margin 3.1% (4.8%) Adjusted operating margin 5.0% 4.1% Operating Earnings Diluted Earnings per Share

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 30 BRUNSWICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q4 2025 Operating Earnings By Segment (in millions) Propulsion P&A Navico Boat Corporate Net sales $556.6 $260.7 $203.0 $387.3 GAAP operating earnings (loss) 36.0 27.1 (0.3) 16.7 (37.6) Purchase accounting amortization 0.3 — 13.1 1.1 — Restructuring, exit and impairment charges — — 4.3 5.8 0.1 Adjusted operating earnings (loss) $36.3 $27.1 $17.1 $23.6 ($37.5) GAAP operating margin 6.5% 10.4% (0.1%) 4.3% Adjusted operating margin 6.5% 10.4% 8.4% 6.1% (in millions) Propulsion P&A Navico Boat Corporate Net sales $452.1 $226.2 $195.1 $348.3 GAAP operating earnings (loss) 24.1 24.8 (86.5) 9.2 (27.3) Purchase accounting amortization 0.3 — 13.3 1.1 — Restructuring, exit and impairment charges 0.7 0.5 86.1 0.7 0.1 Acquisition, integration, and IT related costs 0.3 — — — — IT security incident costs — — — — (0.2) Adjusted operating earnings (loss) $25.4 $25.3 $12.9 $11.0 ($27.4) GAAP operating margin 5.3% 11.0% (44.3%) 2.6% Adjusted operating margin 5.6% 11.2% 6.6% 3.2% Q4 2024 Q4 2025

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. BRUNSWICK CORPORATION – EARNINGS RELEASE Net Sales – Full-Year 2025 Net Sales increased by $125.7 million, or 2 percent SALES BY REGION 31 NET SALES (in millions) Segments FY 2025 FY 2024 % Change Propulsion $2,177.2 $2,074.2 5% Engine Parts & Accessories 1,217.5 1,160.8 5% Navico Group 800.4 800.2 0% Boat 1,525.2 1,553.5 (2%) Segment Eliminations (357.5) (351.6) (2%) Total $5,362.8 $5,237.1 2% Region FY 2025 % of Sales % Change Constant Currency E x Acquisitions % Change United States 67% 2% 2% Europe 14% 2% (2%) Asia-Pacific 7% 5% 6% Canada 6% 7% 9% Rest-of-World 6% 1% 3% Total International 33% 4% 3% Consolidated 2% 2%

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. GAAP to Non-GAAP Reconciliations – Full-Year2025 32 BRUNSWICK CORPORATION – EARNINGS RELEASE Operating Earnings and Diluted Earnings per Share (in millions, except per share data) FY 2025 FY 2024 FY 2025 FY 2024 GAAP ($40.7) $311.6 ($2.06) $2.21 Restructuring, exit and impairment charges 353.1 121.7 5.03 1.41 Purchase accounting amortization 58.6 58.5 0.84 0.68 Acquisition, integration and IT-related costs 0.1 3.6 — 0.04 Special tax items — — (0.48) 0.19 Loss on early extinguishment of debt — — (0.06) 0.15 Release of dissolved entity foreign currency translation — — — 0.01 Gain on sale of business — — — (0.12) As Adjusted $371.1 $495.4 $3.27 $4.57 GAAP operating margin (0.8%) 5.9% Adjusted operating margin 6.9% 9.5% Operating Earnings Diluted Earnings per Share

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 33 BRUNSWICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Full-Year2025 Operating Earnings by Segment (in millions) Propulsion P&A Navico Boat Corporate Net sales $2,177.2 $1,217.5 $800.4 $1,525.2 GAAP operating earnings (loss) 193.0 220.3 (339.6) 32.2 (146.6) Purchase accounting amortization 1.2 — 53.0 4.4 — Restructuring, exit and impairment charges 1.2 0.4 334.5 16.4 0.6 Acquisition, integration, and IT related costs 0.1 — — — — Adjusted operating earnings (loss) $195.5 $220.7 $47.9 $53.0 ($146.0) GAAP operating margin 8.9% 18.1% (42.4%) 2.1% Adjusted operating margin 9.0% 18.1% 6.0% 3.5% (in millions) Propulsion P&A Navico Boat Corporate Net sales $2,074.2 $1,160.8 $800.2 $1,553.5 GAAP operating earnings (loss) 242.6 219.9 (100.6) 63.3 (113.6) Purchase accounting amortization 1.5 — 53.0 4.0 — Restructuring, exit and impairment charges 9.6 4.8 98.6 6.3 2.4 Acquisition, integration, and IT related costs 1.5 — 1.7 0.4 — Adjusted operating earnings (loss) $255.2 $224.7 $52.7 $74.0 ($111.2) GAAP operating margin 11.7% 18.9% (12.6%) 4.1% Adjusted operating margin 12.3% 19.4% 6.6% 4.8% FY 2025 FY 2024

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. BRUNSWICK CORPORATION – EARNINGS RELEASE Tax Rate 34 2026 outlook for the adjusted effective tax rate at ~22% Q4 YTD Q4 2025 Q4 2024 Effective Tax Rate - GAAP 31.5% 17.3% Effective Tax Rate - As Adjusted 1 13.8% 11.0% FY 2025 FY 2024 Effective Tax Rate - GAAP (0.2%) 26.6% Effective Tax Rate - As Adjusted 2 20.4% 21.0% (1) TAX PROVISION, AS ADJUSTED, EXCLUDES $9.2 MILLION AND $3.6 MILLION OF NET PROVISIONS (BENEFITS) FOR SPECIAL TAX ITEMS FOR Q4 2025 AND Q4 2024, RESPECTIVELY. (2) TAX PROVISION, AS ADJUSTED, EXCLUDES ($32.0) MILLION AND $12.8 MILLION OF NET (BENEFIT) PROVISIONS FOR SPECIAL TAX ITEMS FOR YTD 2025 AND YTD 2024, RESPECTIVELY.

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©2026 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. BRUNSWICK CORPORATION – EARNINGS RELEASE Free Cash Flow 35 Q4 YTD (in millions) Q4 2025 Q4 2024 Net cash provided by operating activities from continuing operations $134.6 $312.0 Net cash (used for) provided by: Capital expenditures (49.3) (30.3) Proceeds from sale of property, plant, equipment 3.8 6.8 Effect of exchange rate changes (1.5) (10.8) Free Cash Flow $87.6 $277.7 (in millions) FY 2025 FY 2024 Net cash provided by operating activities from continuing operations $585.7 $449.5 Net cash (used for) provided by: Capital expenditures (165.8) (167.4) Proceeds from sale of property, plant, equipment 12.6 15.0 Effect of exchange rate changes 9.7 (12.8) Free Cash Flow $442.2 $284.3

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