Trio-Tech revenue rises 72% to $62.6M in FY2026
TRT’s three largest customers accounted for approximately 57.6% of revenue; one SBS customer accounted for 38.7%.
Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
10-K
Rhea-AI Filing Summary
Trio-Tech International (TRT) reported Fiscal 2026 revenue of $62.605 million, up 72% from $36.473 million. Semiconductor Back-end Solutions revenue rose 99% to $49.018 million, supported by AI- and automotive-related semiconductor testing; Industrial Electronics revenue rose 15% to $13.554 million.
Gross profit increased 14% to $10.417 million, while gross margin fell to 16.6% from 25.1%. Trio-Tech recorded a $204,000 operating loss, versus $254,000 operating income, and a $34,000 net loss attributable to TRT shareholders, versus $41,000. Operating cash flow was $3.427 million, compared with $371,000.
The April 27, 2026 registered direct offering of 1,052,632 shares at $9.50 per share generated approximately $10.0 million in gross proceeds; net proceeds are intended for working capital and general corporate purposes. Through Trio-Tech Singapore, the company acquired the remaining 50% of Trio-Tech Malaysia on December 3, 2025. A cybersecurity incident at a Singapore subsidiary was identified March 11, 2026, and resulted in unauthorized data disclosure on March 18, 2026; Trio-Tech reported no material operational or <a href="https://bitcomme.com/ais-financial-jenga-towers-start-to-wobble/” title=”AI's financial Jenga towers start to wobble”>financial impact for Fiscal 2026.
Positive
- Revenue rose 72% to $62.605 million in Fiscal 2026.
- Operating cash flow reached $3.427 million, versus $371,000.
Negative
- Gross margin fell to 16.6% from 25.1% in Fiscal 2025.
- Operations swung to a $204,000 loss from $254,000 income.
Insights
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