High-Trend International Group income statement HTCO
In fiscal 2025, which ended Oct 31, 2025, High-Trend International Group reported revenue of $214.4 million, up 98.2% from the year before. It recorded a net loss of $21.5 million. The operating loss came to $19.9 million, an operating margin of -9.3%. Diluted earnings per share were -$4.18. Across the 4 fiscal years shown, revenue grew from $185.3 million in fiscal 2022 to $214.4 million in fiscal 2025, about 5.0% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Oct 31, 2025
|
FY 2024
Oct 31, 2024
|
FY 2023
Oct 31, 2023
|
FY 2022
Oct 31, 2022
|
|---|---|---|---|---|
| Revenue |
214
+98.2%
|
108
+13.6%
|
95
-48.6%
|
185
|
| Cost of revenue |
208
+107.5%
|
100
-6.6%
|
107
-32.4%
|
159
|
| Gross profit |
7
-16.0%
|
8
+168.2%
|
-12
-144.3%
|
27
|
| Selling, general and administrative |
5
+3.9%
|
5
+22.8%
|
4
+15.2%
|
3
|
| Operating income |
-20
-964.0%
|
2
+114.7%
|
-16
-166.3%
|
24
|
| Interest income |
0
+1666.3%
|
0
-55.5%
|
0
+42888.9%
|
0
|
| Interest expense |
0
|
—
|
—
|
—
|
| Other non-operating income (expense) |
-0
-323.4%
|
0
+312.6%
|
-0
-133.3%
|
0
|
| Pretax income |
-20
+5.2%
|
-21
-34.5%
|
-16
-166.8%
|
24
|
| Income tax |
0
+120.0%
|
0
+62.8%
|
0
-77.4%
|
0
|
| Net income |
-21
+9.0%
|
-24
-152.9%
|
-9
-176.3%
|
12
|
| Basic EPS |
-4.18
+58.3%
|
-10.02
-125.2%
|
-4.45
-1954.2%
|
0.24
|
| Diluted EPS |
-4.18
+58.3%
|
-10.02
-125.2%
|
-4.45
-1954.2%
|
0.24
|
| Weighted average shares, basic |
5
+132.4%
|
2
+12.3%
|
2
-95.8%
|
50
|
| Weighted average shares, diluted |
5
+132.4%
|
2
+12.3%
|
2
-95.8%
|
50
|
| Other measures | ||||
| Depreciation and amortization |
0
-97.7%
|
0
-47.4%
|
0
+0.5%
|
0
|
| EBITDA |
-20
-955.8%
|
2
+114.9%
|
-16
-166.0%
|
24
|
| Interest coverage |
-433.49x
|
—
|
—
|
—
|
| Margins | ||||
| Gross margin |
3.17%
|
7.49%
|
-12.48%
|
14.48%
|
| Operating margin |
-9.29%
|
2.13%
|
-16.41%
|
12.72%
|
| Pretax margin |
-9.37%
|
-19.61%
|
-16.56%
|
12.74%
|
| Profit margin |
-10.01%
|
-21.81%
|
-9.80%
|
6.60%
|
| EBITDA margin |
-9.29%
|
2.15%
|
-16.36%
|
12.75%
|
| Effective tax rate |
—
|
—
|
—
|
0.05%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Deep Sea Foreign Transportation of Freight (SIC 4412)
- Listed as
- HTCO (Nasdaq)
- Fiscal year ends
- October 31
- Incorporated in
- Cayman Islands
- Headquarters
- Singapore
- SEC filer status
- Non-accelerated filer, Emerging growth company
- SEC CIK
- 1928948
- Former names
- Caravelle International Group (until Jan 16, 2025)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.