Highway Holdings Limited Reports Decline in Q1 FY2026 Net Sales and Net Income; EPS Falls to $0.01 from $0.02

Reuters
09/12
Highway Holdings Limited Reports Decline in Q1 FY2026 Net Sales and Net Income; EPS Falls to $0.01 from $0.02

Highway Holdings Limited has announced its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported net sales of $1.55 million, a decrease from $1.88 million in the same period of fiscal 2025. Net income for the first quarter of fiscal 2026 stood at $61,000, or $0.01 per diluted share, down from $98,000, or $0.02 per diluted share, in the previous year. Gross profit and profit margins also saw a decline, with gross profit at $527,000 and a margin of 34%, compared to $661,000 and a 35% margin in the first quarter of fiscal 2025. Selling, general, and administrative expenses increased slightly by 1% to $665,000 due to inflationary pressures. The company noted a $4,000 currency exchange gain, compared to $38,000 in the same period last year, and recorded a gain of $82,000 from the disposal of a small underutilized property. Interest income amounted to $43,000 for the quarter. Highway Holdings ended the quarter with $5.82 million in cash and cash equivalents, surpassing its combined short- and long-term liabilities by $3.06 million. The company had a working capital balance of $5.7 million and a current ratio of 3.2:1, with total shareholders' equity rising to $6.4 million from $6.3 million as of March 31, 2025. In terms of business developments, the company reported renewed interest in its proprietary CO₂ cleaning machines, driven by governmental efforts in China to promote non-environmental damaging cleaning solutions. Additionally, there is renewed interest from a previous gaming console customer to ramp up production after a two-year pause.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highway Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN71679) on September 11, 2025, and is solely responsible for the information contained therein.

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