Highway Holdings Limited
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8M | $7.4M | $6.3M | $10.2M | $12.4M | $9.2M | $12.6M | $14.3M |
| Cost of Revenue | $3.4M | $4.9M | $4.6M | $7.1M | $8.6M | $6.5M | $8.4M | $10.7M |
| Gross Profit | $1.4M | $2.5M | $1.7M | $3.1M | $3.8M | $2.7M | $4.2M | $3.6M |
| Gross Margin | 28.4% | 33.3% | 27.0% | 30.7% | 30.5% | 29.5% | 33.1% | 25.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.5M | $3.0M | $2.5M | $3.6M | $3.2M | $3.3M | $3.4M | $4.3M |
| Operating Income | $-2.3M | $-535.0K | $-1.6M | $-477.0K | $567.0K | $-616.0K | $747.0K | $-755.0K |
| Operating Margin | -48.0% | -7.2% | -25.8% | -4.7% | 4.6% | -6.7% | 5.9% | -5.3% |
| Interest Expense | $1.0K | — | — | — | — | — | — | — |
| Pretax Income | $-2.0M | $147.0K | $-1.1M | $-313.0K | $568.0K | $-600.0K | $896.0K | $-694.0K |
| Income Tax Expense | $-486.0K | $38.0K | $-161.0K | $-20.0K | $101.0K | $-146.0K | $209.0K | $-26.0K |
| Net Income | $-1.5M | $106.0K | $-959.0K | $-294.0K | $443.0K | $-461.0K | $686.0K | $-630.0K |
| Net Margin | -31.7% | 1.4% | -15.2% | -2.9% | 3.6% | -5.0% | 5.5% | -4.4% |
| EPS (Basic) | $-0.33 | $0.02 | $-0.22 | $-0.07 | $0.11 | $-0.12 | $0.18 | $-0.17 |
| EPS (Diluted) | $-0.33 | $0.02 | $-0.22 | $-0.07 | $0.11 | $-0.12 | $0.18 | $-0.17 |
| Shares Outstanding (Basic) | 4.6M | 4.4M | 4.4M | 4.1M | 4.0M | 4.0M | 3.9M | 3.8M |
| Shares Outstanding (Diluted) | 4.6M | 4.4M | 4.4M | 4.1M | 4.2M | 4.0M | 3.9M | 3.8M |
| Dividends Per Share | — | $0.15 | $0.20 | $0.20 | $0.17 | $0.18 | $0.08 | $0.25 |