Highway Holdings Limited has reported its financial results for the fiscal year ended March 31, 2025. The company experienced a significant increase in net sales, which rose by approximately $1.091 million, or 17.3%, compared to the previous fiscal year. This growth was primarily driven by a general increase in demand in Europe, which constituted the company's highest region by net sales. Sales to European customers increased to 85.3% from 66.7% the previous year, while sales to North American customers decreased to 3.9% from 19.0%. Additionally, sales to Hong Kong/China decreased to 10.7% from 14.3%. Highway Holdings Limited reported a net income attributable to its shareholders of $1.4 million for fiscal 2025, a significant turnaround from the net loss of $15.2 million reported in fiscal 2024. The company's gross profit margin improved to 33.3% from 27.0% in the prior year. The company continues to operate in two segments: the "metal stamping and mechanical OEM" segment and the "electric OEM" segment. Highway Holdings Limited's operations are primarily based in Hong Kong, which allows the company to benefit from low income tax rates due to the region's tax structure.