HTCO

NEW YORK, July 23, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global maritime logistics company, today announced its strengthened financial position as of April 30, 2026, highlighted by a cash balance of $17.3 million, the full retirement of its promissory note obligation, and the completion of a $15 million equity financing in May 2026. Cash and Balance Sheet Strength Cash and Cash Equivalents: $17.3 million as of April 30, 2026, representing a 71.1% increase from $10.1 million as of October 31, 2025. Total Current Assets: $32.4 million as of April 30, 2026, compared to $30.3 million as of October 31, 2025. Total Assets: $33.8 million as of April 30, 2026, compared to $32.4 million as of October 31, 2025. Net Cash Provided by Operating Activities: $5.9 million for the six months ended April 30, 2026. Net Increase in Cash: $7.2 million for the six months ended April 30, 2026. Promissory Note Retirement On April 28, 2026, the Company entered into a Payoff Acknowledgment and Termination Agreement with Streeterville Capital, LLC, pursuant to which the Company paid a total of $4.2 million in full satisfaction of all obligations under the promissory note. The Securities Purchase Agreement was deemed terminated, effective as of April 28, 2026, with no Pre-Paid Purchases remaining outstanding. As of April 30, 2026, the balance of the promissory note was nil. The retirement of the promissory note eliminates a significant financial liability, simplifies the Company's capital structure, and removes a material overhang from the balance sheet. With an improved liquidity profile and substantial cash reserves, HTCO is positioned to pursue growth opportunities with discipline and strategic clarity. Post-Period $15 Million Equity Financing On May 14, 2026, the Company closed a securities purchase agreement with certain institutional investors for the issuance and sale of 2,307,700 Class A Ordinary Shares at an offering price of $6.50 per share. The Company received gross proceeds of approximately $15 million before deducting placement agent fees and other estimated offering expenses. This financing significantly strengthens HTCO's capital base and provides the financial resources necessary to fund its strategic transformation initiatives and potential value-accretive acquisitions. Foundation for Strategic Transformation With improved liquidity profile following the promissory note payoff and May 2026 equity financing, and a cash position exceeding $17 million — supplemented by the additional $15 million equity financing — HTCO has established the financial foundation necessary to execute its strategic vision. The Company intends to deploy this capital toward digital infrastructure, technology platforms, and strategic partnerships that will accelerate its evolution from traditional shipping operator to integrated digital infrastructure platform. Management Commentary "Financial strength creates strategic flexibility. With a robust cash position exceeding $17 million, the successful retirement of our promissory note, and the additional $15 million equity financing completed in May, HTCO is well-capitalized to pursue its next phase of growth. We have eliminated our debt burden, simplified our capital structure, and positioned the Company to invest in the strategic initiatives that will drive long-term value creation," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board. "Our shareholders have entrusted us with capital, and we take that responsibility seriously. The financial foundation we have built — strong cash generation and a strengthened balance sheet — gives us the flexibility to pursue both organic development and disciplined M&A. We are not just repairing the balance sheet; we are laying the groundwork for a fundamental transformation of our business model," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board. About High-Trend International Group High-Trend International Group is a global ocean transportation company with core businesses in international shipping. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Actual results may differ materially from those indicated by these forward-looking statements due to various risks and uncertainties, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. View original content:https://www.prnewswire.com/news-releases/htco-reports-abundant-cash-reserves-in-first-half-fiscal-2026-with-strong-liquidity-following-debt-retirement-and-post-period-equity-financing-laying-a-solid-foundation-for-strategic-transformation-302833092.html

NEW YORK, July 22, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global maritime logistics company, today announced its unaudited financial results for the six months ended April 30, 2026, highlighted by a 38.3% surge in total revenue to $137.5 million. First Half Fiscal 2026 Revenue Highlights Total Revenue: $137.5 million, compared to $99.4 million for the six months ended April 30, 2025, an increase of 38.3%. Ocean Freight Revenue: $136.9 million, an increase of $37.9 million or 38.3% from $99.0 million in the prior-year period. Vessel Services and Other Revenue: $0.5 million, compared to $0.4 million in the prior-year period. Total Voyage Days: 4,698 days for the six months ended April 30, 2026, an increase of 1,278 days from 3,420 days in the prior-year period. Average Charge Per Day: Approximately $29,149 for the six months ended April 30, 2026, compared to $28,945 in the prior-year period. Favorable Dry Bulk Market and Strategic Expansion into High-Margin Lithium Resources Transportation The Baltic Dry Index (BDI), a leading benchmark for dry bulk shipping rates, reached 2,686 points as of April 30, 2026, reflecting robust demand for dry bulk cargo transportation globally. The sustained elevation of the BDI underscores the strength of the current shipping cycle, driven by increased demand for coal, iron ore, and other dry bulk commodities across key trade routes including Australia to China, Indonesia to Southeast Asia and Vietnam. HTCO has benefited directly from this favorable market environment, with expanded operations into coal transportation routes and increased voyage activity driving the substantial revenue growth reported for the first half of fiscal 2026. Building on its established presence in dry bulk shipping, HTCO has strategically expanded its service capabilities to include lithium resources transportation, a segment critical to the global energy transition and electric vehicle supply chain. The Company's maritime shipping business has achieved growth in revenue driven primarily by business structure upgrades — with the transportation of key mineral resources such as spodumene as its strategic focus. This segment has rapidly grown into one of the Company's core high-margin businesses. Management Commentary "The first half of fiscal 2026 demonstrates the resilience and growth potential of our core ocean freight business. Our revenue surge of nearly 38% reflects not only favorable market conditions as evidenced by the elevated BDI, but also increased coal transportation routes and increased dry bulk activity, and we believe that our strategic decision to expand into high-margin lithium resources transportation will provide a basis for future growth. These contracts provide earnings visibility and reduce our reliance on cyclical spot markets," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board. "Moving forward, we will continue to deepen our presence in lithium resources and high-value-added mineral transportation. Subject to market feasibility, we will actively secure long-term transportation partnerships, further optimize cargo mix, and drive sustainable growth of high-profit businesses. The combination of a favorable dry bulk market and our strategic cargo mix positions HTCO for continued revenue growth," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board. About High-Trend International Group High-Trend International Group is a global ocean transportation company with core businesses in international shipping. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Actual results may differ materially from those indicated by these forward-looking statements due to various risks and uncertainties, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. View original content:https://www.prnewswire.com/news-releases/htco-revenue-surges-38-3-to-137-5-million-in-first-half-fiscal-2026--driven-by-expanded-operations-and-favorable-dry-bulk-market-conditions-302831508.html

NEW YORK, March 11, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global ocean technology company believes that a window for earnings growth has opened with the continuous rise of the Baltic Dry Index (BDI), a leading indicator of the global dry bulk shipping market. The industry's rising prosperity evidenced by sustained freight rate hikes, expanded market demand and released profit elasticity, are expected to enhance the profit potential of HTCO's core business. The BDI is highly correlated with the operating performance of dry bulk shipping enterprises, and its upward trend directly drives up freight rates across all vessel types. Coupled with the industry's operating leverage characteristic of rigid fixed costs, the revenue increment from rising freight rates should rapidly be converted into profit growth. Mr. Shixuan He, CEO of HTCO, stated, "The current sustained rise of the BDI has created an extremely favorable industry environment for the Company's earnings growth. With a core focus on the dry bulk shipping business, HTCO specializes in the transportation of bulk commodities, with shipping routes covering key Asia-Pacific corridors including Australia-Asia, Indonesia-Southeast Asia and Vietnam, West Africa. Aligned perfectly with the core flow of global bulk commodity trade, the Company is well-positioned to fully capture the freight rate increases brought by the BDI's upward movement and directly translate the growing market demand into incremental business revenue." Against the backdrop of the continuous uptrend in industry freight rates, the Company believes that its operational advantages will serve as a core pillar for its earnings growth. The Company has been optimizing fleet operational efficiency, maximizing the profit margin per unit of shipping capacity by improving vessel turnover and exercising control over operating costs, which should enhance its ability to improve its profitability based on the rising freight rates. Meanwhile, backed by efficient route scheduling and customer resource integration capabilities, HTCO can quickly satisfy the newly added transportation demand in the market and further boost its market share amid the industry's boom cycle. In addition, the Company believes that its precise planning in fleet structure and route layout enables it to effectively capture the freight rate dividends from the upward movement of various vessel types, amplifying the positive driving effect of the BDI's rise on the Company's performance. About High-Trend International Group High-Trend International Group is a global ocean technology company with core businesses in international shipping and marine carbon neutrality. Forward-Looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by these statements, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2025. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. View original content:https://www.prnewswire.com/news-releases/htco-leverages-upward-bdi-cycle-to-unleash-full-momentum-for-earnings-growth-302711003.html

NEW YORK, Jan. 23, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global ocean technology company, today announced its financial results for the fiscal year ended October 31, 2025. Total revenue soared 98% year-over-year to approximately US$214.4 million in fiscal year 2025 Ocean freight revenue jumped 103% year-over-year, with total voyage days more than doubling Operating cash flow turned positive at approximately US$4.6 million Cash and cash equivalents increased to approximately US$10.1 million as of October 31, 2025 Revenue and volume growth For the fiscal year ended October 31, 2025, High-Trend's total revenue increased to approximately US$214.4 million, compared to approximately US$108.2 million for the fiscal year ended October 31, 2024, representing an increase of approximately US$106.2 million, or 98.2%. This growth was primarily driven by a significant expansion of the Company's coal transportation business on routes including Australia–Asia, Indonesia–Southeast Asia and Vietnam, which substantially increased voyage days and dry bulk shipping volumes. Ocean freight revenue increased to approximately US$214.0 million in fiscal 2025 from approximately US$105.4 million in fiscal 2024, an increase of approximately US$108.6 million, or 103.1%. Total voyage days rose from 3,496 days in fiscal 2024 to 7,470 days in fiscal 2025, reflecting the Company's expanded fleet deployment and higher customer demand. Stronger cash position The Company generated net cash provided by operating activities of approximately US$4.6 million in fiscal 2025, compared to net cash used in operating activities of approximately US$3.3 million in fiscal 2024, reflecting a significant year-over-year improvement in operating cash flow. As a result, cash and cash equivalents increased to approximately US$10.1 million as of October 31, 2025, from approximately US$6.9 million as of October 31, 2024. Net loss primarily driven by non-cash items High-Trend reported a net loss of approximately US$20.1 million for fiscal 2025, an improvement from a net loss of approximately US$21.2 million for fiscal 2024. The 2025 net loss was driven largely by non-cash expenses, most notably share-based compensation of approximately US$21.9 million, compared to approximately US$1.2 million in fiscal 2024, as the Company issued shares and options to directors, management and consultants in lieu of cash compensation and to support future growth. By contrast, non-cash losses related to the Company's convertible notes that significantly impacted the prior year did not recur in fiscal 2025. In fiscal 2024, the Company recorded a non-cash loss of approximately US$23.2 million from the change in fair value of convertible notes and an additional non-cash loss of approximately US$0.3 million on the settlement of convertible notes, which were major contributors to the prior-year net loss. Excluding these prior-year non-cash fair value and settlement losses, the Company's underlying operating performance in 2025 reflects substantial revenue growth and improved cash flow generation despite reported net losses being dominated by non-cash charges. Management commentary "Our fiscal 2025 results clearly demonstrate that High-Trend has successfully scaled its core shipping business, nearly doubling revenue year-over-year while strengthening our cash position and book value per share," said Christopher Nixon Cox, Chairman of High-Trend International Group. "Although we reported a net loss in 2025, this was primarily driven by non-cash share-based compensation, as we chose to incentivize management and partners with equity rather than cash. From a cash perspective, our operations delivered positive cash flow and a significantly stronger balance sheet." He continued, "Looking ahead, we intend to continue focusing on high-demand trade lanes and disciplined cost management, while optimizing our capital structure and equity-based incentives to align long-term shareholder value with operational performance." About High-Trend International Group High-Trend International Group is a global ocean technology company with core businesses in international shipping and marine carbon neutrality. Forward-Looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by these statements, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2025. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. View original content:https://www.prnewswire.com/news-releases/high-trend-international-group-announces-nearly-98-revenue-growth-for-fiscal-year-2025-and-stronger-balance-sheet-302669139.html