Highway Holdings reports 21% YoY revenue increase for FY2025 nine months. Q3 revenue decreased 13.5% to $1.9M; Net income $92,000. Nine months revenue up 21% to $5.9M; Net income $421,000. Gross margin, exchange gain, cash balance and current ratio also detailed. CEO optimistic about future amid challenges. Website for more info: www.highwayholdings.com.

Highway Holdings Limited reported a 21% year-over-year increase in revenue for the first nine months of fiscal year 2025. Their net revenue for this period was $5.9 million, up from $4.9 million in the previous year. The company's net income for the same period was $421,000, or $0.1 per diluted share, compared to $223,000, or $0.05 per diluted share in the previous year. In contrast, net revenue for the third quarter of fiscal year 2025 decreased by 13.5% to $1.9 million compared to $2.2 million in the same period the previous year. The company reported a gross margin of 34% for the third quarter and 36.5% for the first nine months of fiscal year 2025. The company's cash balance at the end of December 31, 2024, was approximately $5.2 million. Highway Holdings also mentioned plans for strategic ventures to enhance future growth and lessen dependence on customer business health. The company operates primarily in China and Myanmar, focusing on manufacturing parts for German-based equipment manufacturers.