Highway Holdings Limited reported fiscal 2026 Q3 and nine-month results with net revenue declining 40.5% to $1.1 million and 34.6% to $3.8 million, respectively, and net losses of $115,000 and $427,000 due to loss of a major customer. The company completed acquisition of 51% of Regent-Feinbau Adermann GmbH for €662,000 on February 28, 2026, to diversify into automotive and aviation sectors.
Key takeaways
Net revenue Q3 FY2026: $1,147 thousand (down 40.5% from $1,929 thousand YoY)
Net loss Q3 FY2026: $115 thousand or $(0.02) per basic share (vs. $92 thousand income YoY)
Nine months FY2026 net revenue: $3,874 thousand (down 34.6% from $5,925 thousand)
Nine months FY2026 net loss: $427 thousand or $(0.09) per basic share (vs. $421 thousand income)
Completed acquisition of 51% Regent-Feinbau for €662,000 (€612k cash + 64,851 shares) on Feb 28, 2026
Cash balance Dec 31, 2025: $5,131 thousand; current ratio 4.26:1