Highway Holdings Limited (Nasdaq: HIHO) released its financial results for the fiscal fourth quarter and full year ending March 31, 2025. The company reported a 17.3% year-over-year increase in revenue for the fiscal year 2025, totaling $7.4 million compared to $6.3 million in 2024. Gross profit saw a significant rise of 44.6%, reaching $2.5 million with a gross margin of 33%, up from $1.7 million and a 27% margin in the previous year. The company returned to profitability with a net income of $106,000, or $0.02 per diluted share, contrasting with a net loss of $959,000 in fiscal year 2024. For the fiscal fourth quarter, net sales increased to $1.5 million from $1.4 million in the same period the previous year. Despite these gains, the quarter ended with a net loss of $315,000, an improvement from the $1.2 million loss in the comparable period of the prior year. The company highlighted ongoing challenges such as the impact of COVID-19, geopolitical issues, and trade wars, which have continued to pressure their OEM business. Highway Holdings maintains a strong financial position with total equity of $6.3 million, approximately $1.42 per diluted share. The company is optimistic about future growth, supported by a strengthened board and involvement of younger managers in decision-making processes. The results reflect a currency exchange gain of $124,000 for fiscal year 2025, primarily due to the weakened Kyat. Highway Holdings does not engage in currency exchange rate hedging.