AIR T INC
For the period ended Mar 31, 2026. Filed Jun 29, 2026.
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FY2026 · Filed Jun 29, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity for the Years Ended and
CONSOLIDATED STATEMENTS OF EQUITY
| (In thousands) · Common Stock · Treasury Stock | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · AdditionalPaid-InCapital · RetainedEarnings · Accumulated Other Comprehensive Income (Loss) · Non-controllingInterests1 · TotalEquity | ||||||||||||
| Balance, March 31, 2025 | 3,030 | $758 | 328 | $(6,404) | $947 | $2,130 | $(647) | $1,698 | $(1,518) | |||
| Net income1 | — | — | — | — | — | 77,983 | — | 2,415 | 80,398 | |||
| Distributions to non-controlling interests | — | — | — | — | — | — | — | (3,094) | (3,094) | |||
| Repurchase of common stock | — | — | 1 | (28) | — | — | — | (28) | ||||
| Stock compensation expense | — | — | — | — | 175 | — | — | — | 175 | |||
| Foreign currency translation gain2 | — | — | — | — | — | — | 4,816 | — | 4,816 | |||
| Unrealized loss on interest rate swaps | — | — | — | — | — | — | (14) | — | (14) | |||
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | 49 | — | 49 | |||
| Allocation of comprehensive income from unconsolidated investments | — | — | — | — | — | — | 229 | — | 229 | |||
| Allocation of comprehensive income to redeemable non-controlling interests | — | — | — | — | — | — | (184) | — | (184) | |||
| ATA 25.1 warrants (Note 22) | — | — | — | — | — | — | — | 46 | 46 | |||
| Balance, March 31, 2026 | 3,030 | $758 | 329 | $(6,432) | $1,122 | $80,113 | $4,249 | $1,065 | $80,875 | |||
(1) Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")
(2)Cumulative translation adjustments were at a gain of $4.5 million and loss of $0.4 million as of March 31, 2026 and March 31, 2025, respectively.
| (In thousands) · Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | Non-controllingInterests1 | TotalEquity | |
| Balance, March 31, 2024 | 3,030 | $758 | 257 | $(4,959) | $859 | $8,192 | $(80) | $1,050 | $5,820 |
| Net loss (income)1 | — | — | — | — | — | (6,140) | — | 16 | (6,124) |
| Declared distributions to non-controlling interests | — | — | — | — | — | — | — | (98) | (98) |
| Repurchase of common stock | — | — | 71 | (1,445) | — | — | — | — | (1,445) |
| Stock option forfeiture (Note 15) | — | — | — | — | (54) | — | — | — | (54) |
| Stock compensation expense | — | — | — | — | 142 | — | — | — | 142 |
| Foreign currency translation gain | — | — | — | — | — | — | 407 | — | 407 |
| Redemption of non-controlling interest | — | — | — | — | — | 78 | 146 | — | 224 |
| Unrealized gain on interest rate swaps | — | — | — | — | — | — | — | — | — |
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | (1,351) | — | (1,351) |
| Initial consolidation of CASP, LLC | — | — | — | — | — | — | — | 730 | 730 |
| Allocation of comprehensive income from unconsolidated investments | — | — | — | — | — | — | (3) | — | (3) |
| 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) |
(1)Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.