AIR T FUNDING 8% ALPHA INCOME TR PFD SECS NEW(R/S) | 10-Q: FY2026 Q2 Revenue: USD 64.15 M

Revenue: As of FY2026 Q2, the actual value is USD 64.15 M.

EPS: As of FY2026 Q2, the actual value is USD 1.61.

EBIT: As of FY2026 Q2, the actual value is USD 9.486 M.

Segment Revenue

• Overnight Air Cargo: Revenue decreased by $1.3 million (4%) to $29.9 million for the three-month period ended September 30, 2025, compared to the prior year.
• Ground Support Equipment: Revenue decreased by $4.8 million (33%) to $9.6 million for the three-month period ended September 30, 2025, compared to the prior year.
• Commercial Aircraft, Engines, and Parts: Revenue decreased by $12.0 million (37%) to $20.9 million for the three-month period ended September 30, 2025, compared to the prior year.
• Digital Solutions: Revenue increased by $0.4 million (20%) to $2.2 million for the three-month period ended September 30, 2025, compared to the prior year.

Operational Metrics

• Operating Expenses: Consolidated segment operating expenses decreased by $15.2 million (24%) for the three-month period ended September 30, 2025, compared to the prior year.
• General and Administrative Expenses: Increased by $3.9 million (27%) to $18.1 million for the three-month period ended September 30, 2025, compared to the prior year.

Cash Flow

• Net Cash Used in Operating Activities: $6.5 million for the six-month period ended September 30, 2025, compared to net cash provided by operating activities of $3.0 million in the prior year period.
• Net Cash Provided by Investing Activities: $13.9 million for the six-month period ended September 30, 2025, compared to net cash used in investing activities of $14.2 million in the prior year period.
• Net Cash Provided by Financing Activities: $3.7 million for the six-month period ended September 30, 2025, compared to $12.5 million in the prior year period.

Unique Metrics

• Adjusted EBITDA: $7.9 million for the three-month period ended September 30, 2025, compared to $5.0 million in the prior year period.

Future Outlook and Strategy

• Core Business Focus: The Company aims to prudently and strategically diversify Air T’s earnings power and compound the growth in its free cash flow per share over time.
• Non-Core Business: The Company is exploring the acquisition of Regional Express Holdings Limited (Rex), which operates the leading regional airline in Australia, with expectations to close the transaction by calendar year end.