High-Trend International Group

High-Trend International Group

NNASDAQ:HTCO
1.17
USD
-0.01
(-0.85%)
73.92MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
39.18
60.98
87.94
45.43
45.95
39.19
- -
Basic EPS, GAAP
-1.58
2.66
5.8
-4.45
-10.02
-3.92
- -
Free Cash Flow per Basic Share
0.55
0.32
15.72
-8.48
-1.41
0.85
- -
Dividend per Share
- -
- -
8.04
0.43
- -
- -
- -
Book Value per Share
-2.29
0.28
2.15
-2.56
1.14
1.17
1.17
Tangible Book Value per Share
-2.29
0.28
2.15
-2.56
1.14
1.17
1.17
Basic Weighted Avg Shares
2
2
2
2
2
5
6
Sales/Revenue/Turnover
78
122
185
95
108
214
- -
Operating Margin (%)
-7.32
8.59
12.72
-16.41
2.13
-9.29
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-3
5
12
-9
-24
-21
- -
Effective Tax Rate (%)
- -
0.02
0.05
- -
- -
- -
- -
Profit Margin (%)
-4.04
4.35
6.6
-9.8
-21.81
-10.01
- -
Working Capital
-4
6
10
-7
6
11
11
LT Debt
4
3
2
2
1
- -
- -
Total Equity
-7
3
10
-7
9
13
13
Return on Invested Capital (%)
- -
121.87
157.99
- -
- -
- -
- -
Return on Capital (%)
- -
5.66
6.51
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
478.02
- -
- -
-324.21
- -

Capital Structure

USD

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
ST Debt
6
- -
- -
LT Borrowings
1
1
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
6
7
Market Capitalization
124
170
74

Working Capital

USD

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
Total Current Assets
26
31
30
Cash, Cash Equivalents & STI
7
13
10
Accounts Receivable, Net
8
4
9
Inventories
- -
- -
- -
Total Current Liabilities
20
15
20
Payables & Accruals
8
8
12
ST Debt
6
- -
- -
Deferred Revenue
6
7
7

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-60.38%
44.25%
Free Cash Flow
- -
924.36%
-239.02%
Net Income, GAAP
- -
-33.94%
-9.05%
Sales/Revenue/Turnover
- -
34.16%
98.21%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
95
2024
- -
- -
108
2025
- -
- -
214

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-4.45
2024
- -
- -
-10.02
2025
- -
- -
-3.92

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.43
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Shi Xuan He
Full Time Employees
18
Sector
Transportation
Industry
Marine shipping
Address
60 Paya Lebar Road Singapore CE Singapore 409051
IPO Date
Sep 27, 2021
Business
High-Trend International Group delivers comprehensive ocean freight solutions across Hong Kong, Singapore, and global regions. The organization specializes in advanced marine decarbonization strategies and manages digital carbon assets for the shipping sector. It executes seaborne transit operations primarily through voyage agreements. Additionally, the company offers specialized vessel management services on behalf of ship owners. High-Trend International Group, which was previously known as Caravelle International Group, adopted its current name in January 2025. Established in 2022, the company maintains its primary operational hub in Singapore. Notably, the firm recently secured the initial $3 million of a potential $20 million financing deal and reported a substantial 185% increase in revenues during the first half of 2025. Its commitment to sustainable practices extends to innovative solutions like its CO-Tech business, which focuses on carbon-neutral wood desiccation leveraging vessel waste heat.

Company News

  • HTCO Highlights Strengthening Dry Bulk Market as BDI Rises Approximately 9.2% in July and Shipping Equities Gain Investor Attention

  • HTCO Announces Ten-Year Extension of Singapore MSI-AIS Maritime Tax Exemption Through 2035

  • HTCO Reports Abundant Cash Reserves in First Half Fiscal 2026, With Strong Liquidity Following Debt Retirement and Post-Period Equity Financing, Laying a Solid Foundation for Strategic Transformation

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

  • High‑Trend International Group Announces Cancellation and Retirement of 630,000 Class A Ordinary Shares

  • High-Trend International Group Announces Pricing of $15 Million Registered Direct Offering with Global Institutional Investors

  • High-Trend International Group Class A Shareholders Approve Major Corporate Governance Enhancements

  • High-Trend International Group Eliminates Financing Overhang and Plans Cancellation of 630,000 Class A Ordinary Shares (Originally Scheduled to Become Eligible for Resale on May 1, 2026)

  • HTCO Expands Lithium Resources Transportation Business As It Optimizes Its Strategy and Capital Structure

  • HTCO Launches U.S. Strategic Initiative Led by Chairman Christopher Nixon Cox, Establishes Independent Governance Committee for U.S. Operations

  • HTCO Leverages Upward BDI Cycle to Unleash Full Momentum for Earnings Growth

  • Caravelle International Group (NASDAQ:HTCO) and Blackboxstocks (NASDAQ:BLBX) Head-To-Head Survey

  • High-Trend International Group (NASDAQ: HTCO) Appoints Mr. Chew Men Leong, the Former Chief of Navy of the Republic of Singapore Navy, as a Director to Strengthen Its Global Maritime Strategy and Cross-Border Capital Capabilities

  • High-Trend International Group Announces Nearly 98% Revenue Growth for Fiscal Year 2025 and Stronger Balance Sheet

  • Caravelle International Group (NASDAQ:HTCO) Stock Price Up 5% – Time to Buy?

  • High-Trend International Group Appoints Veteran Private Equity Executive Shahryar Oveissi as Chief Capital Markets Officer (CCMO)

  • HTCO Announces Initial Closing of $3 Million Strategic Financing to Accelerate Digital Transformation

  • HTCO Announces Initial Closing of $3 Million Strategic Financing to Accelerate Digital Transformation

  • U.S.-China Suspension of Section 301 Tariffs Provides Direct Policy Boost to Operations and Shareholder Value for High-Trend International Group

  • High-Trend International Group Announces Operational Adjustments in Response to U.S.- China Port Fee Policy