Highway Holdings Limited (HIHO) Income Statement
HIHO FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsHIHO revenue and net income
Where HIHO's revenue goes
FY2026Each bar shows an amount and its share of revenue. HIHO kept −31.7% of revenue as net income.
HIHO profit margins
HIHO growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −35.2% | −22.3% | −12.1% | −14.5% |
| Gross profit | −44.7% | −24.2% | −12.8% | −13.7% |
| Operating income | — | — | — | — |
| Net income | −1,537.7% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HIHO quarterly EPS vs estimates
HIHO income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8M | $7.4M | $6.3M | $10.2M | $12.4M | $9.2M | $12.6M | $14.3M | $19.2M | $19.6M |
| Cost of revenue | $3.4M | $4.9M | $4.6M | $7.1M | $8.6M | $6.5M | $8.4M | $10.7M | $12.4M | $14.0M |
| Gross profit | $1.4M | $2.5M | $1.7M | $3.1M | $3.8M | $2.7M | $4.2M | $3.6M | $6.7M | $5.6M |
| Sales, general & admin | $3.5M | $3.0M | $2.5M | $3.6M | $3.2M | $3.3M | $3.4M | $4.3M | $4.8M | $4.8M |
| Total operating expenses | $3.5M | $3.0M | $2.5M | $3.6M | $3.2M | $3.3M | $3.4M | $4.3M | $4.8M | $4.8M |
| Operating income | −$2.2M | −$535,000 | −$769,000 | −$477,000 | $567,000 | −$616,000 | $747,000 | −$755,000 | $1.9M | $761,000 |
| Interest income | $159,000 | $203,000 | $248,000 | $87,000 | $11,000 | $16,000 | $65,000 | $33,000 | $16,000 | $8,000 |
| Interest expense | — | — | — | $202,000 | $11,000 | $42,000 | $1.4M | $33,000 | $16,000 | $8,000 |
| Income before taxes | −$2.0M | $147,000 | −$1.1M | −$313,000 | $568,000 | −$600,000 | $896,000 | −$694,000 | $2.1M | $761,000 |
| Income taxes | −$486,000 | $38,000 | −$161,000 | −$20,000 | $101,000 | −$146,000 | $209,000 | −$26,000 | $512,000 | $236,000 |
| Net income | −$1.5M | $106,000 | −$959,000 | −$294,000 | $443,000 | −$461,000 | $686,000 | −$630,000 | $1.6M | $527,000 |
| EBITDA | −$1.5M | $756,000 | −$381,000 | $828,000 | $1.7M | $400,000 | $2.1M | −$433,000 | $2.4M | $1.0M |
| EPS (diluted) | −$0.33 | −$0.23 | −$0.22 | −$0.07 | $0.11 | $0.30 | −$0.05 | −$0.15 | $0.42 | $0.17 |
| Gross margin | 28.4% | 33.3% | 27.0% | 30.7% | 30.5% | 29.5% | 33.1% | 25.1% | 35.2% | 28.4% |
| Operating margin | −45.4% | −7.2% | −12.2% | −4.7% | 4.6% | −6.7% | 5.9% | −5.3% | 10.1% | 3.9% |
| Net margin | −31.7% | 1.4% | −15.2% | −2.9% | 3.6% | −5.0% | 5.5% | −4.4% | 8.1% | 2.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M | $931,000 | $1.1M | $1.2M | $1.5M | $1.5M | $1.9M | $2.1M | $1.9M | $0 | $2.2M | $1.3M |
| Cost of revenue | $1.2M | $685,000 | $855,000 | $879,000 | $1.0M | $1.2M | $1.3M | $1.3M | $1.2M | −$527,000 | $1.3M | $939,000 |
| Gross profit | $835,000 | $246,000 | $292,000 | $301,000 | $527,000 | $305,000 | $670,000 | $834,000 | $661,000 | $72,000 | $922,000 | $383,000 |
| Sales, general & admin | $776,000 | $1.3M | $778,000 | $843,000 | $665,000 | $957,000 | $666,000 | $724,000 | $658,000 | $749,000 | $679,000 | $272,000 |
| Total operating expenses | $776,000 | $1.9M | $778,000 | $843,000 | $665,000 | $957,000 | $666,000 | $724,000 | $658,000 | $222,000 | $679,000 | $272,000 |
| Operating income | $59,000 | −$1.0M | −$486,000 | −$542,000 | −$138,000 | −$652,000 | $4,000 | $110,000 | $3,000 | −$677,000 | $243,000 | $111,000 |
| Interest income | $21,000 | $31,000 | $31,000 | $54,000 | $43,000 | $56,000 | $44,000 | $58,000 | $45,000 | $92,000 | $63,000 | $53,000 |
| Income before taxes | $85,000 | −$1.1M | −$457,000 | −$472,000 | −$4,000 | −$277,000 | $100,000 | $231,000 | $93,000 | −$1.3M | $344,000 | $197,000 |
| Income taxes | −$13,000 | — | −$327,000 | −$100,000 | −$61,000 | $38,000 | — | — | −$154,000 | — | −$1,000 | −$3,000 |
| Net income | $109,000 | −$1.1M | −$115,000 | −$373,000 | $61,000 | −$315,000 | $92,000 | $231,000 | $98,000 | −$1.1M | $348,000 | $213,000 |
| EBITDA | $59,000 | −$1.0M | −$457,000 | −$472,000 | −$4,000 | −$277,000 | $100,000 | $231,000 | $93,000 | — | $344,000 | $197,000 |
| EPS (diluted) | $0.02 | −$0.24 | −$0.03 | −$0.08 | $0.01 | −$0.08 | $0.02 | $0.05 | −$0.27 | — | $0.07 | $0.05 |
| Gross margin | 41.8% | 26.4% | 25.5% | 25.5% | 34.1% | 20.5% | 34.7% | 39.4% | 35.2% | — | 41.3% | 29.0% |
| Operating margin | 3.0% | −109.1% | −42.4% | −45.9% | −8.9% | −43.8% | 0.2% | 5.2% | 0.2% | — | 10.9% | 8.4% |
| Net margin | 5.5% | −117.8% | −10.0% | −31.6% | 3.9% | −21.2% | 4.8% | 10.9% | 5.2% | — | 15.6% | 16.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HIHO's financial statements (latest annual report filed July 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HIHO financial results
In fiscal year 2026 (ended March 31, 2026), Highway reported revenue of $4.8 million, down 35.2% from the year before. It had a net loss of $1.5 million, a net profit margin of −31.7%. Diluted earnings per share came to −$0.33. Over five years revenue grew at an average rate of −12.1% a year.
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HIHO income statement FAQ
What is Highway's annual revenue?
Highway reported total revenue of $4.8 million for fiscal year 2026, which ended on March 31, 2026. That was down 35.2% from $7.4 million the previous year.
Is Highway profitable?
No. Highway reported a net loss of $1.5 million in fiscal 2026, a net profit margin of −31.7%; its operating margin was −45.4%.
What is Highway's gross margin?
Highway's gross margin was 28.4% in fiscal 2026: for every $100 of revenue, Highway kept $28 after the direct cost of its products and services.
How fast is Highway growing?
Revenue grew −12.1% a year on average over the last five fiscal years, from $9.2 million to $4.8 million.
What are Highway's earnings per share?
Highway earned $-0.33 per diluted share in fiscal 2026, compared with $-0.23 a year earlier.
When does Highway's fiscal year end?
Highway's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 14, 2026.