HTCO Revenue Surges 38.3% to $137.5 Million in First Half Fiscal 2026, Driven by Expanded Operations and Favorable Dry Bulk Market Conditions

Rhea-AI Summary

High-Trend International Group (NASDAQ: HTCO) reported unaudited results for the six months ended April 30, 2026, with total revenue rising 38.3% to $137.5 million from $99.4 million a year earlier. Ocean freight revenue reached $136.9 million, up $37.9 million or 38.3%, while vessel services and other revenue was $0.5 million versus $0.4 million.

Total voyage days increased to 4,698, up 1,278 days from 3,420, and average charge per day edged up to approximately $29,149 from $28,945. According to the company, revenue growth was supported by an elevated Baltic Dry Index of 2,686 points and expanded coal transportation routes. HTCO also reports a strategic expansion into high-margin lithium resources transportation, including spodumene, which it describes as having rapidly become a core business segment.

Positive

• Total revenue up 38.3% to $137.5 million in H1 FY2026
• Ocean freight revenue $136.9 million, up $37.9 million year over year
• Total voyage days increased by 1,278 to 4,698 days
• Average charge per day increased to approximately $29,149
• Baltic Dry Index at 2,686 points supports higher dry bulk rates
• Lithium resources transportation positioned as core high-margin business

Negative

• None.

News Market Reaction – HTCO

+1.66%

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$27.37M Market Cap

0.5x Rel. Volume

In the Jul 22 session, HTCO gained 1.66%, reflecting a mild positive market reaction. Argus tracked a trough of -13.6% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, July 22, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global maritime logistics company, today announced its unaudited financial results for the six months ended April 30, 2026, highlighted by a 38.3% surge in total revenue to $137.5 million.

First Half Fiscal 2026 Revenue Highlights

• Total Revenue: $137.5 million, compared to $99.4 million for the six months ended April 30, 2025, an increase of 38.3%.
• Ocean Freight Revenue: $136.9 million, an increase of $37.9 million or 38.3% from $99.0 million in the prior-year period.
• Vessel Services and Other Revenue: $0.5 million, compared to $0.4 million in the prior-year period.
• Total Voyage Days: 4,698 days for the six months ended April 30, 2026, an increase of 1,278 days from 3,420 days in the prior-year period.
• Average Charge Per Day: Approximately $29,149 for the six months ended April 30, 2026, compared to $28,945 in the prior-year period.

Favorable Dry Bulk Market and Strategic Expansion into High-Margin Lithium Resources Transportation

The Baltic Dry Index (BDI), a leading benchmark for dry bulk shipping rates, reached 2,686 points as of April 30, 2026, reflecting robust demand for dry bulk cargo transportation globally. The sustained elevation of the BDI underscores the strength of the current shipping cycle, driven by increased demand for coal, iron ore, and other dry bulk commodities across key trade routes including Australia to China, Indonesia to Southeast Asia and Vietnam. HTCO has benefited directly from this favorable market environment, with expanded operations into coal transportation routes and increased voyage activity driving the substantial revenue growth reported for the first half of fiscal 2026.

Building on its established presence in dry bulk shipping, HTCO has strategically expanded its service capabilities to include lithium resources transportation, a segment critical to the global energy transition and electric vehicle supply chain. The Company's maritime shipping business has achieved growth in revenue driven primarily by business structure upgrades — with the transportation of key mineral resources such as spodumene as its strategic focus. This segment has rapidly grown into one of the Company's core high-margin businesses.

Management Commentary

"The first half of fiscal 2026 demonstrates the resilience and growth potential of our core ocean freight business. Our revenue surge of nearly 38% reflects not only favorable market conditions as evidenced by the elevated BDI, but also increased coal transportation routes and increased dry bulk activity, and we believe that our strategic decision to expand into high-margin lithium resources transportation will provide a basis for future growth. These contracts provide earnings visibility and reduce our reliance on cyclical spot markets," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board.

"Moving forward, we will continue to deepen our presence in lithium resources and high-value-added mineral transportation. Subject to market feasibility, we will actively secure long-term transportation partnerships, further optimize cargo mix, and drive sustainable growth of high-profit businesses. The combination of a favorable dry bulk market and our strategic cargo mix positions HTCO for continued revenue growth," stated Mr. Christopher Nixon Cox, HTCO Chairman of the Board.

About High-Trend International Group

High-Trend International Group is a global ocean transportation company with core businesses in international shipping.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Actual results may differ materially from those indicated by these forward-looking statements due to various risks and uncertainties, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.

View original content:https://www.prnewswire.com/news-releases/htco-revenue-surges-38-3-to-137-5-million-in-first-half-fiscal-2026--driven-by-expanded-operations-and-favorable-dry-bulk-market-conditions-302831508.html

SOURCE High-Trend International Group

FAQ

How did HTCO (NASDAQ: HTCO) perform in the first half of fiscal 2026?

HTCO reported a 38.3% year-over-year revenue increase to $137.5 million for the first half of fiscal 2026. According to High-Trend International Group, growth was driven by expanded voyage activity, higher ocean freight revenue, and favorable dry bulk shipping market conditions.

What were HTCO’s key revenue drivers in H1 fiscal 2026?

HTCO’s revenue was primarily driven by ocean freight revenue of $136.9 million, up 38.3% year over year. According to High-Trend International Group, increased coal transportation routes, more voyage days, and expansion into lithium resources transportation contributed to the stronger performance.

How many voyage days and what average daily charge did HTCO report for H1 2026?

HTCO reported 4,698 total voyage days and an average charge of approximately $29,149 per day in H1 2026. According to High-Trend International Group, voyage days rose by 1,278 from the prior-year period, while the daily rate increased modestly from $28,945.

How is the Baltic Dry Index impacting HTCO’s results in 2026?

The Baltic Dry Index stood at 2,686 points as of April 30, 2026, indicating strong dry bulk rates. According to High-Trend International Group, this elevated index supported robust demand, benefiting HTCO’s coal transportation routes and contributing to its first-half revenue growth.

What role does lithium resources transportation play in HTCO’s strategy in 2026?

HTCO is expanding into lithium resources transportation, including spodumene, as a strategic focus. According to High-Trend International Group, this segment has rapidly developed into one of its core high-margin businesses, intended to support future growth and diversify away from purely cyclical spot markets.

Did HTCO’s vessel services and other revenue change in the first half of fiscal 2026?

HTCO’s vessel services and other revenue reached $0.5 million in the first half of fiscal 2026, compared with $0.4 million a year earlier. According to High-Trend International Group, this represents a modest increase alongside much larger gains in ocean freight revenue.

What guidance or outlook did HTCO’s management share for future growth in 2026?

HTCO’s management emphasized continued focus on lithium resources and high-value mineral transportation for future growth. According to High-Trend International Group, the company aims to secure long-term partnerships, optimize cargo mix, and build on favorable dry bulk markets, while acknowledging these plans remain subject to market feasibility.