HTCO

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 fr...

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 directo...