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Trio-Tech (TRT) posts 82% Q2 revenue surge but lower earnings

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8-K

Rhea-AI Filing Summary

Trio-Tech International reported very strong revenue growth but softer profits for its fiscal second quarter ended December 31, 2025. Revenue rose 82% year over year to $15.6 million, led by Semiconductor Back-End Solutions at $12.4 million and Industrial Electronics at $3.3 million.

Operating income improved to $0.1 million from a small loss, helped by higher volumes but offset by increased operating expenses. Net income attributable to common shareholders fell to $0.1 million from $0.5 million, with diluted earnings per share declining to $0.01 from $0.06.

For the first six months of fiscal 2026, revenue grew to $31.2 million from $18.4 million, while net income attributable to common shareholders decreased to $0.2 million from $0.3 million, or $0.02 per diluted share versus $0.03. Management highlights strong demand tied to AI compute chips, EV power devices, and aerospace-related electronics.

Positive

  • None.

Negative

  • None.

Insights

Revenue is surging on AI and EV demand, but profitability remains modest and below last year.

Trio-Tech International delivered an 82% year-over-year revenue increase in Q2 FY2026 to $15.6 million, driven mainly by Semiconductor Back-End Solutions serving AI compute chips and EV power devices, plus growth in aerospace-related Industrial Electronics. This confirms strong end-market demand and the company’s positioning in higher-value testing niches.

However, earnings did not keep pace. Operating income was only $0.1 million, and net income attributable to common shareholders fell to $0.1 million from $0.5 million a year earlier, indicating margin pressure from higher costs or mix. For the first half, revenue rose to $31.2 million while net income attributable to common shareholders declined to $0.2 million.

Management points to ongoing investments in capabilities and regional expansion across Southeast Asia, and stresses a focus on operational efficiency and disciplined capital allocation through the rest of fiscal 2026. Actual value creation will depend on whether high growth in AI and EV-related testing can translate into sustained margin improvement in subsequent quarters.

false 0000732026 0000732026 2026-02-13 2026-02-13
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
 
Date of report (Date of earliest event reported): February 13, 2026
 
TRIO-TECH INTERNATIONAL

(Exact Name of Registrant as Specified in Its Charter)
 
California

(State or Other Jurisdiction of Incorporation)
 
1-14523 95-2086631
(Commission File Number) (IRS Employer Identification No.)
 
Block 1008 Toa Payoh North, Unit 03-09 Singapore 318996
(Address of Principal Executive Offices) (Zip Code)
                                                                 
(65) 6265 3300

(Registrant’s Telephone Number, Including Area Code)
 
 

(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered or to be registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
     
Common Stock, no par value
TRT
NYSE American
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b2 of the Securities Exchange Act of 1934 (17 CFR 240.12b2) Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
 
 

 
Item 2.02 Results of Operations and Financial Conditions
 
On February 13, 2026, Trio-Tech International (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1.
 
The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report, including the exhibit hereto, shall not be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
 
99.1 Press Release of Trio-Tech International dated February 13, 2026
104  Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date:   February 13, 2026
 
TRIO-TECH INTERNATIONAL
       
       
By:
/s/ SRINIVASAN ANITHA
Name: Srinivasan Anitha
Title: Chief Financial Officer
 
 

 
EXIBIT INDEX
 
Exhibit Number Description
   
99.1 Press Release of Trio-Tech International dated February 13, 2026
      
 

Exhibit 99.1

 

TRIO-TECH REPORTS 82% REVENUE GROWTH IN Q2 FY2026, REFLECTING EXPANDING ROLE IN AI AND EV SEMICONDUCTOR RELIABILITY TESTING

 

 

Van Nuys, Calif. February 13, 2026 – Trio-Tech International (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced financial results for its fiscal second quarter ended December 31, 2025. The Company reported 82% year-over-year revenue growth, driven primarily by strong demand for advanced semiconductor testing services supporting AI compute chips and EV power devices, along with continued growth in aerospace-related industrial electronics.

 

Trio-Tech International Chairman and CEO S.W. Yongs Comments

 

Semiconductor Back-End Solutions Driving Growth

 

“We delivered a strong quarter marked by substantial revenue growth and improved operating performance, driven by continued momentum in our Semiconductor Back-End Solutions segment, which is increasingly serving customers developing AI compute chips and EV power devices that require advanced reliability and performance validation.

 

“Demand for final test services supporting next-generation semiconductor products remained robust during the quarter, reflecting our customers’ growing focus on device reliability, yield optimization, and compliance with increasingly stringent performance standards. As AI and electrification trends drive greater complexity in semiconductor design, our testing capabilities are becoming increasingly critical to our customers’ development and qualification processes.

 

“We believe Trio-Tech is well-positioned as a critical infrastructure partner for semiconductor reliability and performance validation, particularly for customers operating in high-growth, high-value markets such as AI and electric vehicles. At the same time, we continue to invest in our capabilities and regional footprint to capitalize on anticipated growth opportunities in these expanding end markets. Our focused approach, combined with expanding testing activity across Southeast Asia and increasing demand outside of China, continues to support strong segment performance.

 

“In our Industrial Electronics segment, revenue growth was driven by higher sales of aerospace-related products and increased equipment demand, reflecting the benefits of our ongoing expansion into diversified end markets. With a solid balance sheet and continued operational discipline, we remain focused on executing our strategy and positioning the Company for sustainable growth through the remainder of fiscal 2026.”

 

Fiscal 2026 Second Quarter Financial Results

 

Total revenue: $15.6 million, an 82% increase from $8.6 million in Q2 FY2025.

 

 

 

Semiconductor Back-End Solutions: $12.4 million, up 113% from $5.8 million in the prior year quarter, driven by higher testing volumes.

Industrial Electronics: $3.3 million, up 17% from $2.8 million, reflecting steady demand across industrial and commercial applications.

Gross margin: $2.5 million, or 16% of revenue, compared to $2.2 million, or 26%, in the prior year period; the decline reflects a higher proportion of lower-margin, high-volume testing services.

Operating income: $97 thousand, compared to an operating loss of $3 thousand in Q2 FY2025.

Net income attributable to common shareholders: $126 thousand, or $0.01 per diluted share, compared to $507 thousand, or $0.06 per diluted share, in the prior year quarter. The prior-year period included a $550 thousand foreign currency gain; excluding this item, the Company meaningfully improved its year-over-year profitability.

Cash, cash equivalents, and restricted cash: $19.2 million as of December 31, 2025, compared to $19.5 million at June 30, 2025.

 

Fiscal 2026 First Six Months Financial Results

 

Total revenue: $31.2 million, a 69% increase from $18.4 million in the year ago period.

Semiconductor Back-End Solutions: $23.8 million, up 88% from $12.7 million in the prior year period.

Industrial Electronics: $7.3 million, up 28% from $5.7 million in the year-ago period.

Gross margin: $5.1 million, or 16% of revenue, compared to $4.5 million, or 25%, in the prior year period.

Operating income: $143 thousand, compared to operating income of $130 thousand a year ago.

Net income attributable to common shareholders: $203 thousand, or $0.02 per diluted share, compared to $271 thousand, or $0.03 per diluted share, in the prior year period.

 

Outlook

 

Trio-Tech expects continued demand for its semiconductor back-end testing services through fiscal 2026, supported by customer programs for advanced and AI-related devices. The Company anticipates increased contributions from its Industrial Electronics segment. Trio-Tech remains focused on operational efficiency, disciplined capital allocation, and maintaining a strong liquidity position to support long-term growth and profitability.

 

About Trio-Tech International

 

Trio-Tech International (NYSE MKT: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The Company’s diversified business segments include Semiconductor Back-End Solutions and Industrial Electronics.

 

 


For more information, visit www.triotech.com and www.universalfareast.com.

 

Forward-Looking Statements

This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, imposition of tariffs, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

 

For inquiries, please contact:

 

PondelWilkinson Inc.
Todd Kehrli or Jim Byers
tkehrli@pondel.com | jbyers@pondel.com

 

 

 

Tables to Follow

 

 

 

 

TRIO-TECH INTERNATIONAL AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT NUMBER OF SHARES)

 

   

December 31,

   

June 30,

 
   

2025

   

2025

 
   

(Unaudited)

         

ASSETS

               

CURRENT ASSETS:

               

Cash and cash equivalents

  $ 12,404     $ 10,890  

Short-term deposits

    4,059       5,817  

Trade accounts receivable, less allowance for expected credit losses of $193 and $35, respectively

    13,455       10,804  

Other receivables

    716       608  

Inventories, less provision for obsolete inventories of $823 and $851, respectively

    2,835       2,262  

Prepaid expense and other current assets

    389       384  

Restricted term deposits

    819       816  

Total current assets

    34,677       31,581  

NON-CURRENT ASSETS:

               

Deferred tax assets

    94       91  

Investment properties, net

    319       345  

Property, plant and equipment, net

    5,875       6,021  

Operating lease right-of-use assets

    2,551       864  

Other assets

    272       231  

Restricted term deposits

    1,941       1,935  

Total non-current assets

    11,052       9,487  

TOTAL ASSETS

  $ 45,729     $ 41,068  
                 

LIABILITIES

               

CURRENT LIABILITIES:

               

Lines of credit

  $ 401     $ 141  

Accounts payable

    5,527       1,896  

Accrued expense

    4,624       3,036  

Contract liabilities

    128       250  

Income taxes payable

    122       122  

Current portion of bank loans payable

    271       256  

Current portion of finance leases

    13       43  

Current portion of operating leases

    617       540  

Total current liabilities

    11,703       6,284  

NON-CURRENT LIABILITIES:

               

Bank loans payable, net of current portion

    310       428  

Operating leases, net of current portion

    1,934       324  

Deferred tax liabilities

    14       10  

Other non-current liabilities

    32       31  

Total non-current liabilities

    2,290       793  

TOTAL LIABILITIES

  $ 13,993     $ 7,077  
                 

EQUITY

               

TRIO-TECH INTERNATIONAL SHAREHOLDERS’ EQUITY:

               

Common stock, no par value, 15,000,000 shares authorized; 8,736,110 and 8,625,610 shares issued outstanding as at December 31, 2025 and June 30, 2025, respectively

  $ 13,774     $ 13,490  

Paid-in capital

    6,092       5,979  

Accumulated retained earnings

    11,068       12,037  

Accumulated other comprehensive income-translation adjustments

    2,579       2,522  

Total Trio-Tech International shareholders equity

    33,513       34,028  

Non-controlling interest

    (1,777 )     (37 )

TOTAL EQUITY

  $ 31,736     $ 33,991  

TOTAL LIABILITIES AND EQUITY

  $ 45,729     $ 41,068  

 

 

 

TRIO-TECH INTERNATIONAL AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / (LOSS)

UNAUDITED (IN THOUSANDS, EXCEPT EARNINGS PER SHARE)

 

   

Three Months Ended

   

Six Months Ended

 
   

December 31,

   

December 31,

   

December 31,

   

December 31,

 
   

2025

   

2024

   

2025

   

2024

 

Revenue

                               

Semiconductor Back-end Solutions

  $ 12,357     $ 5,809     $ 23,809     $ 12,688  

Industrial Electronics

    3,284       2,801       7,336       5,715  

Others

    8       9       18       15  
      15,649       8,619       31,163       18,418  
                                 

Cost of Sales

    13,150       6,401       26,079       13,878  
                                 

Gross Margin

    2,499       2,218       5,084       4,540  
                                 

Operating Expense:

                               

General and administrative

    2,197       1,965       4,371       3,929  

Selling

    99       176       370       326  

Research and development

    106       114       200       202  

Gain on disposal of property, plant and equipment

    -       (34 )     -       (47 )

Total operating expense

    2,402       2,221       4,941       4,410  
                                 

Income / (Loss) from Operations

    97       (3 )     143       130  
                                 

Other Income / (Expense)

                               

Interest expense

    (22 )     (13 )     (30 )     (26 )

Other income, net

    237       686       422       321  

Government grant

    -       5       4       71  

Total other income

    215       678       396       366  
                                 

Income from Continuing Operations before Income Taxes

    312       675       539       496  
                                 

Income Tax Expense

    (77 )     (139 )     (141 )     (190 )
                                 

Income from Continuing Operations before Non-controlling Interest, Net of Taxes

    235       536       398       306  
                                 

Discontinued Operations

                               

Income / (Loss) from discontinued operations, net of tax

    56       (7 )     58       -  

Net Income

    291       529       456       306  
                                 

Less: Net income attributable to non-controlling interest

    165       22       253       35  

Net Income Attributable to Common Shareholders

  $ 126     $ 507     $ 203     $ 271  
                                 

Amounts Attributable to Common Shareholders:

                               

Income from continuing operations, net of tax

    95       511       171       271  

Income / (Loss) from discontinued operations, net of tax

    31       (4 )     32       -  

Net Income Attributable to Common Shareholders

  $ 126     $ 507     $ 203     $ 271  
                                 

Basic Earnings per Share:

                               

Basic earnings per share from continuing operations

  $ 0.01     $ 0.06     $ 0.02     $ 0.03  

Basic earnings from discontinued operations

    -       -       -       -  

Basic Earnings per Share from Net Income

  $ 0.01     $ 0.06     $ 0.02     $ 0.03  
                                 

Diluted Earnings per Share:

                               

Diluted earnings per share from continuing operations

  $ 0.01     $ 0.06     $ 0.02     $ 0.03  

Diluted earnings per share from discontinued operations

    -       -       -       -  

Diluted Earnings per Share from Net Income

  $ 0.01     $ 0.06     $ 0.02     $ 0.03  
                                 

Weighted Average Number of Common Shares Outstanding(1)

                               

Basic

    8,697       8,501       8,662       8,500  

Dilutive effect of stock options

    667       306       383       238  

Number of Shares Used to Compute Earnings Per Share Diluted

    9,364       8,807       9,045       8,738  

 

(1)

On January 5, 2026, the Company effected a two-for-one forward stock split of the Company's issued Common Stock. All share and per-share amounts included in the accompanying condensed consolidated financial statements have been retrospectively adjusted to reflect the stock split.

 

 

 

   

Three Months Ended

   

Six Months Ended

 
   

December 31,

   

December 31,

   

December 31,

   

December 31,

 
   

2025

   

2024

   

2025

   

2024

 

Comprehensive Income / (Loss) Attributable to Common Shareholders:

                               
                                 

Net income

  $ 291     $ 529     $ 456     $ 306  

Foreign currency translation, net of tax

    465       (1,794 )     395       220  

Comprehensive Income / (Loss)

    756       (1,265 )     851       526  

Less: comprehensive income / (loss) attributable to non-controlling interest

    167       (2 )     292       137  

Comprehensive Income / (Loss) Attributable to Common Shareholders

  $ 589     $ (1,263 )   $ 559     $ 389  

 

 

FAQ

How did Trio-Tech International (TRT) perform in Q2 fiscal 2026?

Trio-Tech International delivered strong top-line growth in Q2 fiscal 2026, with revenue rising 82% year over year to about $15.6 million. However, net income attributable to common shareholders declined to $0.1 million, and diluted EPS fell to $0.01 from $0.06.

What drove Trio-Tech International’s 82% revenue growth in Q2 FY2026?

The 82% revenue growth in Q2 FY2026 was driven mainly by the Semiconductor Back-End Solutions segment, which supports AI compute chips and EV power devices, and by higher aerospace-related sales in Industrial Electronics. These trends reflect rising demand for advanced reliability and performance testing services.

How profitable was Trio-Tech International in Q2 fiscal 2026?

Profitability was modest in Q2 fiscal 2026. Income from operations was roughly $0.1 million, and net income attributable to common shareholders was also about $0.1 million. This compares with $0.5 million a year earlier, indicating pressure on margins despite higher revenue.

What were Trio-Tech International’s first-half fiscal 2026 results?

For the first six months of fiscal 2026, Trio-Tech International generated revenue of about $31.2 million, up from $18.4 million in the prior-year period. Net income attributable to common shareholders was approximately $0.2 million, compared with $0.3 million previously, with diluted EPS of $0.02.

Which business segments are most important to Trio-Tech International’s growth?

The Semiconductor Back-End Solutions segment is the primary growth driver, serving AI compute chips and EV power devices requiring advanced reliability testing. The Industrial Electronics segment also contributes, supported by higher aerospace-related product sales and increased equipment demand across diversified end markets.

What outlook did Trio-Tech International provide for fiscal 2026?

Trio-Tech expects continued demand for semiconductor back-end testing services through fiscal 2026, supported by customer programs for advanced and AI-related devices. The company also anticipates greater contributions from Industrial Electronics and emphasizes operational efficiency, disciplined capital allocation, and maintaining strong liquidity to support long-term growth.

How did Trio-Tech’s balance sheet look at December 31, 2025?

As of December 31, 2025, Trio-Tech reported total assets of about $45.7 million and total liabilities of roughly $14.0 million. Cash and cash equivalents were around $12.4 million, with additional short-term deposits of $4.1 million, supporting the company’s stated focus on liquidity.

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