Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 81

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 81
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| Allocation of comprehensive income to redeemable non-controlling interests |     |              |     — |     |        |   — |     |                |   — |     |        |      — |     |            |   — |     |          |      — |     |               |    234 |     |                 |     — |     |        |    234 |
| Balance, March 31, 2025                                                    |     |              | 3,030 |     | $      | 758 |     |                | 328 |     | $      | -6,404 |     | $          | 947 |     | $        |  2,130 |     | $             |   -647 |     | $               | 1,698 |     | $      | -1,518 |

* Excludes amount attributable to redeemable non-controlling interest in Contrail and Shanwick.

See notes to consolidated financial statements.

<div align='center'>53

AIR T, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED MARCH 31, 2025 AND 2024</div>

Air T, Inc. (the “Company,” “Air T,” “we” or “us” or “our”) is a holding company with a portfolio of operating businesses and financial assets. Our goal is to prudently and strategically diversify Air T’s earnings power, compounding its free-cash-flow per share over time.

We currently operate in four reportable segments:

• Overnight air cargo, which operates in the air express delivery services industry;

• Ground support equipment, which manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers;

• Commercial aircraft, engines and parts, which manages and leases aviation assets; supplies surplus and aftermarket commercial jet engine components; provides commercial aircraft disassembly/part-out services; commercial aircraft parts sales; procurement services and overhaul and repair services to airlines and;

• Digital solutions, which develops and provides digital aviation and other business services to customers within the aviation industry to generate recurring subscription revenues.

The Company additionally has a central corporate function that acts as the capital allocator and resource for other consolidated businesses, referred to as Corporate and other. Further, Corporate and other also comprises insignificant businesses and business interests.

Each reportable segment has separate management teams and infrastructures that offer different products and services. We evaluate the performance of our report