Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 56

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 56
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 pursuing new corporate business initiatives.

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Six Months Ended September 30, 2025Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotalRevenue from external customers$60,513 $42,840 $24,707 $4,305 $132,365 Intersegment revenue2,014 1,051 — — 3,065 62,527 43,891 24,707 4,305 135,430 Reconciliation of revenueOther revenue12,743 Elimination of intersegment revenue2(3,153)Total consolidated revenue$135,020 Cost of sales:Cost of sales from external sources50,821 29,084 18,842 1,598 Intersegment operating expense2,014 953 — — 52,835 30,037 18,842 1,598 Less:3General and administrative6,336 12,865 2,838 2,814 24,853 Gain on sale of aircraft— (7,034)— — (7,034)Other segment items4275 389 70 420 1,154 Segment profit (loss)3,081 7,634 2,957 (527)13,145 Reconciliation of profit (loss)Other revenue12,743 Other cost of sales1(780)Other expenses1(2,394)Interest expense(4,565)Income from equity method investments4,160 Other non-operating income478 Other corporate expenses5(6,646)Elimination of intersegment profits286 Income before income taxes$6,427 

1 Revenue, cost of sales, and expenses from segments below the quantitative thresholds or that do not constitute a business segment are attributable to an investment advisory business, a laser printer manufacturer, and a commercial property owned by the Company.

2 Elimination of intersegment revenue includes eliminations related to Other revenue in the tables above totaling $88.0 thousand for the six months ended September 30, 2025. After eliminations, Other revenue from third parties is $2.7 million for the six months ended September 30, 2025.

3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.

4 Other segment items consist of depreciation and amortization and remeasurement of