Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 104

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 104
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 31, 2025 and 2024, respectively. Additionally, contributions from and distributions to both Air T and MRC for the fiscal year ended March 31, 2025 and 2024 are as follows (in thousands):

|               |     | Year Ended March 31, |   2025 |     |   |  2024 |
|:--------------|:----|:---------------------|-------:|:----|:--|------:|
| Contributions |     | $                    |  7,029 |     | $ | 4,095 |
| Distributions |     | $                    | 11,847 |     | $ | 4,852 |

Investment balances for the Company's equity method investees as of March 31, 2025 and 2024 is as follows (in thousands):

|                                 | Investment |   | March 31, 2025 |     |   | March 31, 2024 |
|:--------------------------------|:-----------|:--|---------------:|:----|:--|---------------:|
| Lendway                         |            | $ |            729 |     | $ |          2,339 |
| CCI                             |            |   |          3,889 |     |   |          3,723 |
| CAM                             |            |   |         12,428 |     |   |          7,397 |
| Other equity method investments |            |   |          1,957 |     |   |          3,194 |
| Total                           |            | $ |         19,003 |     | $ |         16,653 |

Summarized income statement financial information for the Company's equity method investees accounted for on a three month lag for the twelve months ended December 31, 2024 and December 31, 2023 are as follows (in thousands):

|                                                            |     | Twelve Months Ended December 31, |    2024 |     |   |    2023 |
|:-----------------------------------------------------------|:----|:---------------------------------|--------:|:----|:--|--------:|
| Revenue                                                    |     | $                                | 174,810 |     | $ | 143,208 |
| Gross Profit                                               |     |                                  |  20,942 |     |   |  19,137 |
| Operating (loss) income                                    |     |                                  |  -1,150