NASDAQ · Financial Statements

High-Trend International Group (HTCO) Financial Statements

$1.53 NASDAQ: HTCO Market Cap $12.90M

High-Trend International Group most recently reported annual revenue of $214.0M, a net loss of $21.0M. Revenue grew at an average annual rate of 22.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

High-Trend International Group: Revenue rose from $78.0M in 2020 to $214.0M in 2025, a change of +174.4% over 5 years; net profit was positive in 2 of 6 reported years; operating margin moved from -7.3% to -9.3%, a shift of -2.0 percentage points; the most recent year shows a net loss of $21.0M.

Income Statement — 6 Years (USD millions)

Metric202020212022202320242025
Revenue$78.0M$122.0M$185.0M$95.0M$108.0M$214.0M
Operating Expenses$84.0M$111.0M$162.0M$111.0M$106.0M$234.0M
Operating Profit$-6.0M$10.0M$24.0M$-16.0M$2.0M$-20.0M
Operating Margin-7.3%8.6%12.7%-16.4%2.1%-9.3%
Other Income$0$0$0$0$-24.0M$0
Interest$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0
Profit Before Tax$-6.0M$10.0M$24.0M$-16.0M$-21.0M$-20.0M
Tax$-40,000$20,000$50,000$-20,000$-20,000$-50,000
Net Profit$-3.0M$5.0M$12.0M$-9.0M$-24.0M$-21.0M
EPS$-5.25$8.88$3.00$-2.25$-5.00$-3.92
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 9 Quarters (USD millions)

MetricMar '21Sep '21Mar '22Sep '22Mar '24Sep '24Mar '25Sep '25Mar '26
Revenue$0$0$0$185.0M$35.0M$73.0M$99.0M$115.0M$137.0M
Operating Expenses$0$0$0$161.0M$35.0M$71.0M$112.0M$123.0M$140.0M
Operating Profit$0$0$0$24.0M$0$2.0M$-12.0M$-8.0M$-2.0M
Operating Margin0.0%0.0%0.0%12.9%0.4%3.0%-12.5%-6.5%-1.6%
Interest$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$0$0$24.0M$0$-21.0M$-12.0M$-8.0M$-4.0M
Tax$0$0$0$50,000$-1.7M$0$-10,000$-100,000$0
Net Profit$0$0$0$13.0M$-1.0M$-23.0M$-13.0M$-8.0M$-5.0M
EPS$-0.01$-0.06$-0.63$3.63$-0.36$-9.66$-2.69$-1.23$-0.67

Over the 6 years reported for High-Trend International Group, borrowings decreased from $10.0M in 2020 to $0 in 2025, cash stood at $10.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.50 times.

Balance Sheet — 6 Years (USD millions)

Metric202020212022202320242025
Total Assets$16.0M$27.0M$36.0M$8.0M$29.0M$32.0M
Current Assets$15.0M$26.0M$33.0M$7.0M$26.0M$30.0M
Cash$8.0M$10.0M$22.0M$2.0M$7.0M$10.0M
Inventory$0$0$0$0$0$0
Receivables$3.0M$8.0M$5.0M$1.0M$8.0M$10.0M
Fixed Assets$0$0$1.0M$1.0M$0$0
Capital Work in Progress$0$0$0$0$0$0
Investments$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0
Total Liabilities$23.0M$24.0M$26.0M$16.0M$20.0M$20.0M
Current Liabilities$19.0M$20.0M$23.0M$14.0M$20.0M$20.0M
Borrowings$10.0M$11.0M$6.0M$6.0M$7.0M$0
Other Liabilities$13.0M$13.0M$20.0M$10.0M$13.0M$20.0M
Equity$0$0$0$0$0$0
Reserves$-5.0M$1.0M$5.0M$-5.0M$5.0M$8.0M

For High-Trend International Group, operating cash flow was positive in 4 of 6 reported years; free cash flow in the latest year was $5.0M; free cash flow was positive in 4 of 6 years.

Cash Flow Statement — 6 Years (USD millions)

Metric202020212022202320242025
Operating Cash Flow$1.0M$1.0M$33.0M$-18.0M$-3.0M$5.0M
Investing Cash Flow$0$0$0$0$0$0
Financing Cash Flow$0$-60.0M$-6.0M$-13.0M$-9.0M$0
Net Cash Flow$6.0M$2.0M$11.0M$-19.0M$5.0M$3.0M
Free Cash Flow$1.0M$1.0M$33.0M$-18.0M$-3.0M$5.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.01
EV / EBITDA-0.27
FCF Yield20.48%
Quick Ratio1.46
Interest Coverage-25.96
Return 1Y-47.69%
Return 3Y-78.37%
Return 5Y—

High-Trend International Group (HTCO) financials — frequently asked questions

What is High-Trend International Group's annual revenue?

High-Trend International Group (HTCO) reported annual revenue of $214.0M in its most recent fiscal year.

What is High-Trend International Group's net profit?

High-Trend International Group (HTCO) reported a net loss of $21.0M in its most recent fiscal year.

What is HTCO EV/EBITDA?

High-Trend International Group's enterprise value to EBITDA (EV/EBITDA) ratio is -0.27. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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