Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 58

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 58
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 past.

The digital solutions segment contributed $7.3 million of revenues in the fiscal year ended March 31, 2025 compared to $5.8 million in the prior fiscal year which is an increase of $1.5 million (26%). The increase is primarily due to increased software subscriptions driven by continued acquisition of new and recurring customers.

Following is a table detailing operating income (loss) for the Company's four segments and Corporate and other, net of intercompany during Fiscal 2025 and Fiscal 2024 (in thousands):

|                                        |     | Year Ended March 31, |   2025 |     |   |   2024 |     | Change |        |
|:---------------------------------------|:----|:---------------------|-------:|:----|:--|-------:|:----|:-------|-------:|
| Overnight Air Cargo                    |     | $                    |  6,251 |     | $ |  6,765 |     | $      |   -514 |
| Commercial Aircraft, Engines and Parts |     |                      |  7,116 |     |   |  4,169 |     |        |  2,947 |
| Ground Support Equipment               |     |                      | -1,210 |     |   | -1,553 |     |        |    343 |
| Digital Solutions                      |     |                      | -1,064 |     |   |   -661 |     |        |   -403 |
| Segments total                         |     |                      | 11,093 |     |   |  8,720 |     |        |  2,373 |
| Corporate and Other                    |     |                      | -9,185 |     |   | -7,456 |     |        | -1,729 |
| Total                                  |     | $                    |  1,908 |     | $ |  1,264 |     | $      |    644 |

Consolidated operating income for the fiscal year ended March 31, 2025 was $1.9 million compared to consolidated operating

income of $1.3 million in the prior fiscal year.

Operating income for the overnight air cargo segment decreased by $0.5 million in the current fiscal year, due primarily to increased loss provisioning for bad debt and additional taxes related to conducting business in Puerto Rico.

Operating loss for the ground support equipment segment was $1.2 million compared to operating loss