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HTCO Reports Strong Revenue Growth in H1 Fiscal 2026

High-Trend International Group (HTCO), listed on NASDAQ, has announced an impressive revenue growth of 38.3% for the first half of fiscal 2026, reaching a total revenue of $137.5 million. This substantial increase can be attributed to the company's expanded operations and favorable market conditions in the dry bulk shipping sector.

Revenue Surge Breakdown

In the first half of the fiscal year ending April 30, 2026, HTCO reported revenue figures that clearly reflect its operational success:

• - Total Revenue: $137.5 million, compared to $99.4 million during the same period last year.
• - Ocean Freight Revenue: This segment brought in $136.9 million, an increase of $37.9 million from the prior year.
• - Vessel Services and Other Revenue: Is up slightly to $0.5 million from $0.4 million.
• - Total Voyage Days: The company recorded 4,698 total voyage days, a noticeable increase of 1,278 days from the previous year.
• - Average Charge Per Day: The average charge rose to approximately $29,149, up from $28,945.

These figures signify not only a recovery from the challenges faced in prior years but also highlight strategic decisions made by HTCO that leveraged current market dynamics.

Market Conditions Favoring HTCO

The Baltic Dry Index (BDI), a benchmark for dry bulk shipping rates, reached a significant 2,686 points as of late April 2026. This indicates strong demand for dry bulk cargo globally, driven by increased activity in coal and iron ore markets. The favorable conditions in this sector have allowed HTCO to capitalize on its expanded operations, increasing its coal transportation routes and enhancing its voyage activities.

Beyond coal and iron ore, HTCO has strategically diversified by entering the critical segment of lithium resources transportation, which is essential for the global transition to renewable energy and the electric vehicle supply chain. The growth in this area has enabled HTCO to enhance its revenue channels further, targeting high-margin businesses.

Management's Outlook

Mr. Christopher Nixon Cox, the Chairman of the Board at HTCO, commented on the company's performance: "The first half of fiscal 2026 showcases the strength and growth potential of our core ocean freight business. Our nearly 38% revenue increase reflects not just favorable market conditions, but also our proactive expansion into coal and lithium transportation routes."

Looking ahead, HTCO plans to continue strengthening its position in lithium resources and high-value mineral transportation. The company intends to secure long-term partnerships, optimize its cargo mix, and ensure sustainable growth in lucrative business segments, leveraging the favorable dry bulk market as well as their strategic positioning in the transportation of minerals critical for future technologies.

About High-Trend International Group

HTCO is a global leader in maritime logistics and transportation, focusing on international shipping operations crucial for commerce and trade. As the demand for effective maritime shipping solutions continues to grow, HTCO remains dedicated to enhancing its services while maximizing revenue and market share.

In summary, HTCO’s robust financial performance in the first half of fiscal 2026 underscores its ability to navigate the maritime logistics landscape successfully, adapting to market needs and expanding into high-demand sectors, thereby laying a solid foundation for future growth.