High-Trend International Group Reports $214.4M Revenue for FY 2025, Up 98.2%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Significant Revenue Growth: High-Trend International Group's total revenue for FY 2025 reached approximately $214.4 million, up 98.2% from about $108.2 million in FY 2024, primarily driven by the expansion of its coal transportation business on routes including Australia-Asia and Indonesia-Southeast Asia, significantly increasing voyage days and dry bulk shipping volumes.
- Ocean Freight Revenue Surge: Ocean freight revenue rose to approximately $214.0 million in FY 2025 from about $105.4 million in FY 2024, marking a 103.1% increase, with total voyage days increasing from 3,496 to 7,470, reflecting expanded fleet deployment and heightened customer demand.
- Improved Cash Flow: The company generated approximately $4.6 million in net cash from operating activities in FY 2025, a significant improvement from a net cash outflow of $3.3 million in FY 2024, with cash and cash equivalents increasing from $6.9 million to $10.1 million, indicating a strengthened financial position.
- Reduced Net Loss: High-Trend reported a net loss of approximately $20.1 million for FY 2025, an improvement from a net loss of about $21.2 million in FY 2024, primarily driven by non-cash expenses, particularly share-based compensation, reflecting the company's strategic choice to incentivize management and partners with equity rather than cash.
Analyst Views on HTCO
About HTCO
High-Trend International Group, formerly Caravelle International Group, is an ocean technology company. The Company provides international shipping services, as well as a carbon neutral solution for wood desiccation, its carbon neutral ocean technology (CO-Tech) solution. The Company's segments include ocean transportation and heating business. Its business comprises of two sectors, such as the traditional business in international shipping, operated by the Topsheen Companies and the new CO-Tech business under Singapore Garden. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. It offers transportation services under voyage contracts and vessels services for and on behalf of ship owners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
