Highway Holdings Limited (HIHO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.18M | 1.55M | 1.49M | 1.93M | 2.12M | 1.88M | 1.42M | 2.23M | 1.32M | 1.35M | 1.7M | 2.56M | 3.04M | 2.94M | 3.01M | 3M | 3.36M | 3M | 1.85M | 2.54M |
| Revenue Growth % | -44.26% | -17.67% | 4.72% | -13.58% | 60.14% | 39.5% | -16.22% | -12.88% | -56.56% | -54.21% | -43.65% | -14.46% | -9.54% | -1.87% | 62.77% | 17.73% | 23.72% | 45.75% | -36.89% | -29.14% |
| Cost of Goods Sold | 879K | 1.02M | 1.18M | 1.26M | 1.28M | 1.22M | 1.39M | 1.31M | 939K | 970K | 1.43M | 1.83M | 1.94M | 1.89M | 2.12M | 2.14M | 2.27M | 2.07M | 1.46M | 1.68M |
| COGS % of Revenue | 74.49% | 65.93% | 79.49% | 65.27% | 60.6% | 64.82% | 98.17% | 58.69% | 71.03% | 72.01% | 84.48% | 71.62% | 63.88% | 64.24% | 70.45% | 71.35% | 67.51% | 68.98% | 79.06% | 65.88% |
| Gross Profit | 301K | 527K | 305K | 670K | 834K | 661K | 26K | 922K | 383K | 377K | 263K | 727K | 1.1M | 1.05M | 889K | 858K | 1.09M | 930K | 387K | 868K |
| Gross Margin % | 25.51% | 34.07% | 20.51% | 34.73% | 39.4% | 35.18% | 1.83% | 41.31% | 28.97% | 27.99% | 15.52% | 28.38% | 36.12% | 35.76% | 29.55% | 28.65% | 32.49% | 31.02% | 20.94% | 34.12% |
| Gross Profit Growth % | -63.91% | -20.27% | 1073.08% | -27.33% | 117.75% | 75.33% | -90.11% | 26.82% | -65.15% | -64.16% | -70.42% | -15.27% | 0.55% | 13.12% | 129.72% | -1.15% | 17.4% | 78.85% | -71.35% | -28.32% |
| Operating Expenses | 843K | 665K | 957K | 666K | 724K | 658K | 749K | 679K | 272K | 777K | 1.49M | 722K | 716K | 687K | 1.05M | 671K | 859K | 617K | 1.05M | 849K |
| OpEx % of Revenue | 71.44% | 42.99% | 64.36% | 34.53% | 34.2% | 35.02% | 52.75% | 30.42% | 20.57% | 57.68% | 87.79% | 28.18% | 23.53% | 23.35% | 35.07% | 22.4% | 25.54% | 20.58% | 56.6% | 33.37% |
| Selling, General & Admin | 843K | 665K | 957K | 666K | 724K | 658K | 749K | 679K | 272K | 777K | 1.49M | 722K | 716K | 687K | 1.05M | 671K | 859K | 617K | 1.05M | 849K |
| SG&A % of Revenue | 71.44% | 42.99% | 64.36% | 34.53% | 34.2% | 35.02% | 52.75% | 30.42% | 20.57% | 57.68% | 87.79% | 28.18% | 23.53% | 23.35% | 35.07% | 22.4% | 25.54% | 20.58% | 56.6% | 33.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -542K | -138K | -652K | 4K | 110K | 3K | -723K | 243K | 111K | -400K | -1.23M | 5K | 383K | 365K | -166K | 187K | 234K | 313K | -659K | 19K |
| Operating Margin % | -45.93% | -8.92% | -43.85% | 0.21% | 5.2% | 0.16% | -50.92% | 10.89% | 8.4% | -29.7% | -72.27% | 0.2% | 12.59% | 12.41% | -5.52% | 6.24% | 6.96% | 10.44% | -35.66% | 0.75% |
| Operating Income Growth % | -592.73% | -4700% | 9.82% | -98.35% | -0.9% | 100.75% | 40.98% | 4760% | -71.02% | -209.59% | -637.95% | -97.33% | 63.68% | 16.61% | 74.81% | 884.21% | 0.43% | 249.05% | -188.34% | -94.35% |
| EBITDA | -472K | -4K | -277K | 100K | 231K | 93K | -1.34M | 344K | 197K | -343K | -1.13M | 26K | 410K | 392K | -169K | 175K | 257K | 307K | -615K | 4K |
| EBITDA Margin % | -40% | -0.26% | -18.63% | 5.18% | 10.91% | 4.95% | -94.15% | 15.41% | 14.9% | -25.46% | -66.9% | 1.01% | 13.47% | 13.32% | -5.62% | 5.84% | 7.64% | 10.24% | -33.28% | 0.16% |
| EBITDA Growth % | -304.33% | -104.3% | 79.28% | -70.93% | 17.26% | 127.11% | -17.9% | 1223.08% | -51.95% | -187.5% | -571.01% | -85.14% | 59.53% | 27.69% | 72.52% | 4275% | 9.83% | 237.05% | -185.06% | -98.94% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | -472K | -4K | -277K | 100K | 231K | 93K | -1.34M | 344K | 197K | -343K | -1.13M | 26K | 410K | 392K | -169K | 175K | 257K | 307K | -615K | 4K |
| Net Interest Income | 54K | 43K | 56K | 44K | 58K | 45K | 92K | 63K | 53K | 40K | 52K | 16K | 15K | 4K | 2K | 3K | 5K | 1K | 1K | 7K |
| Interest Income | 54K | 43K | 56K | 44K | 58K | 45K | 92K | 63K | 53K | 40K | 52K | 16K | 15K | 4K | 2K | 3K | 5K | 1K | 1K | 7K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 70K | 134K | 375K | 96K | 121K | 90K | -614K | 101K | 86K | 57K | 91K | 21K | 27K | 27K | -3K | -12K | 23K | -6K | 44K | -15K |
| Pretax Income | -472K | -4K | -277K | 100K | 231K | 93K | -1.34M | 344K | 197K | -343K | -1.13M | 26K | 410K | 392K | -169K | 175K | 257K | 307K | -615K | 4K |
| Pretax Margin % | -40% | -0.26% | -18.63% | 5.18% | 10.91% | 4.95% | -94.15% | 15.41% | 14.9% | -25.46% | -66.9% | 1.01% | 13.47% | 13.32% | -5.62% | 5.84% | 7.64% | 10.24% | -33.28% | 0.16% |
| Income Tax | -100K | -61K | 38K | 0 | 0 | 0 | -154K | -1K | -3K | -3K | -10K | -15K | 8K | -4K | 201K | -72K | 5K | -33K | -66K | -80K |
| Effective Tax Rate % | 21.19% | 1525% | -13.72% | 0% | 0% | 0% | 11.52% | -0.29% | -1.52% | 0.87% | 0.88% | -57.69% | 1.95% | -1.02% | -118.93% | -41.14% | 1.95% | -10.75% | 10.73% | -2000% |
| Net Income | -373K | 61K | -315K | 92K | 231K | 98K | -1.18M | 348K | 213K | -338K | -1.13M | 52K | 396K | 390K | -369K | 240K | 242K | 333K | -551K | 84K |
| Net Margin % | -31.61% | 3.94% | -21.18% | 4.77% | 10.91% | 5.22% | -83.24% | 15.59% | 16.11% | -25.09% | -66.37% | 2.03% | 13.01% | 13.26% | -12.27% | 8.01% | 7.19% | 11.11% | -29.82% | 3.3% |
| Net Income Growth % | -261.47% | -37.76% | 73.35% | -73.56% | 8.45% | 128.99% | -5.07% | 569.23% | -46.21% | -186.67% | -204.88% | -78.33% | 63.64% | 17.12% | 33.03% | 185.71% | 5.68% | 249.33% | -197.87% | -73.58% |
| Net Income (Continuing) | -372K | 57K | -315K | 100K | 231K | 93K | -1.18M | 345K | 200K | -340K | -1.12M | 41K | 402K | 396K | -370K | 247K | 252K | 340K | -549K | 84K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -7K | -6K | -2K | -4K | -12K | -12K | -7K | -7K | -3K | 10K | 12K | 0 | 12K | 6K | 0 | 42K | 34K | 24K | 17K | 15K |
| EPS (Diluted) | -0.08 | 0.01 | -0.07 | 0.02 | 0.05 | 0.02 | -0.26 | 0.07 | 0.05 | -0.08 | -0.28 | 0.01 | 0.10 | 0.09 | -0.09 | 0.06 | 0.06 | 0.08 | -0.14 | 0.02 |
| EPS Growth % | -254.29% | -36.87% | 72.46% | -69.58% | 4.37% | 127.26% | 7.14% | - | -47.11% | -187.38% | -205.34% | -83.5% | 58.5% | 13.88% | 34.5% | 200% | 0% | 240.35% | -200% | -75% |
| EPS (Basic) | -0.08 | 0.01 | -0.07 | 0.02 | 0.05 | 0.02 | -0.26 | 0.07 | 0.05 | -0.08 | -0.28 | 0.01 | 0.10 | 0.09 | -0.09 | 0.06 | 0.06 | 0.08 | -0.14 | 0.02 |
| Diluted Shares Outstanding | 4.6M | 4.45M | 4.4M | 4.4M | 4.4M | 4.51M | 4.4M | 4.4M | 4.24M | 4.25M | 4.09M | 4.13M | 4.17M | 4.28M | 4.03M | 4.21M | 4.21M | 4.16M | 4.01M | 4.17M |
| Basic Shares Outstanding | 4.6M | 4.45M | 4.4M | 4.4M | 4.4M | 4.51M | 4.4M | 4.39M | 4.22M | 4.25M | 4.09M | 4.07M | 4.07M | 4.28M | 4.03M | 4.03M | 4.03M | 4.02M | 3.93M | 3.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |