#USA #New York #ocean technology #High-Trend #higher growth

High-Trend International Group Highlights Exceptional Fiscal Performance for 2025

High-Trend International Group (NASDAQ: HTCO), a recognized leader in the ocean technology sector, has unveiled impressive financial results for the fiscal year ending on October 31, 2025. The company reported a remarkable revenue growth of nearly 98%, soaring to approximately $214.4 million, up from $108.2 million in the previous fiscal year. This substantial growth underscores the company's strategic expansion in coal transportation along vital trade routes that connect Australia with Asia, Indonesia, and Southeast Asia.

Growth in Revenue and Operational Performance

A closer look at the financial data reveals that the surge in ocean freight revenue was particularly noteworthy, boasting a striking increase of 103% year-over-year, which elevated it to around $214.0 million from the prior year’s $105.4 million. The total number of voyage days more than doubled, climbing from 3,496 days in 2024 to an impressive 7,470 days in 2025. This expansion highlights High-Trend's ability to enhance fleet deployment and meet rising demand from customers significantly.

Enhanced Cash Flow and Liquidity

Additionally, High-Trend showcased a robust improvement in its operating cash flow, generating approximately $4.6 million, a major turnaround from the net cash used in operating activities of $3.3 million in 2024. The company also enhanced its liquidity with cash and cash equivalents increasing to about $10.1 million compared to $6.9 million a year earlier. This strengthened cash position is seen as a testament to the company's operational efficiency and commitment to fiscal responsibility.

Analysis of Net Loss and Non-Cash Expenses

Despite these encouraging figures, High-Trend reported a net loss of approximately $20.1 million, although this represents an improvement from a loss of approximately $21.2 million in the previous year. The loss was largely attributed to non-cash charges, particularly share-based compensation, which amounted to around $21.9 million. This strategic choice aimed to incentivize management and key partners by offering equity rather than cash, which aligns interests for future growth.

The previous fiscal year had been impacted significantly by non-cash losses resulting from changes in the fair value of convertible notes, which did not reoccur this fiscal year. Had it not been for these timing-related expenses, the underlying performance in 2025 reflects strong revenue generation and improved cash flows.

Management Insights and Future Outlook

High-Trend's Chairman, Christopher Nixon Cox, expressed confidence in the company’s trajectory, noting that the exceptional fiscal results exhibit the successful scaling of the company’s core shipping business while reinforcing the company’s financial position. "Despite the reported net loss, the bulk of which was due to non-cash compensation, our operations were able to provide positive cash flow and a significantly better balance sheet," he said.
Moreover, Cox stated the company’s focus moving forward will include prioritizing trade routes with high demand, practicing disciplined cost management, and optimizing capital structures to ensure that long-term shareholder value continues to rise in tandem with operational success.

High-Trend International Group showcases not only a robust recovery from previous challenges but also a solid plan for ongoing growth, cementing its position in the dynamically evolving ocean technology industry.