0001437749-26-004010
SEC filingTrio-Tech International reported Q2 2026 (period ending December 31, 2025) financial results with revenues of $15.6 million and net income attributable to common shareholders of $126 thousand. The company generated operating income of $97 thousand, with total other income of $215 thousand contributing significantly to pre-tax income of $312 thousand. Gross margin was $2.5 million on cost of sales of $13.2 million. The balance sheet shows strong liquidity with $12.4 million in cash and cash equivalents, total assets of $45.7 million, and total equity of $31.7 million. Cash flow from operations was positive at $1.1 million, while investing activities provided $1.5 million primarily from withdrawal of unrestricted term deposits. The company ended the period with $13.6 million in cash, cash equivalents, and restricted cash. No prior period comparison data is provided in the filing for QoQ analysis.
Trio-Tech International reported Q2 2026 financial results for the period ending December 31, 2025. The company generated revenues of $15.6 million with cost of sales of $13.2 million, resulting in gross margin of $2.5 million. Operating expenses totaled $2.4 million, comprising general and administrative expenses of $2.2 million, selling expenses of $99 thousand, and research and development expenses of $106 thousand. This resulted in operating income of $97 thousand. Other income contributed significantly with $215 thousand, primarily from other income, net of $237 thousand, partially offset by interest expense of $22 thousand. Income from continuing operations before income taxes was $312 thousand, with income tax expense of $77 thousand. Net income was $291 thousand, with $126 thousand attributable to common shareholders after accounting for $165 thousand attributable to non-controlling interest. No prior period comparison data is provided in the filing for quarter-over-quarter analysis.
The filing does not provide segment breakdown, geographic mix, or specific growth drivers for revenue. The total revenue figure of $15.6 million is reported without further disaggregation by business segment, product line, or geographic region. The XBRL data includes placeholder fields for segment reporting (Semiconductor Back-end Solutions, Industrial Electronics, Product and Service, Other) but no actual segment revenue figures are provided. Therefore, detailed revenue analysis beyond the aggregate $15.6 million figure cannot be performed based on the available data.
Gross margin was $2.5 million on revenue of $15.6 million, representing a gross margin percentage of approximately 16.0%. Operating income was $97 thousand, resulting in an operating margin of approximately 0.6%. The cost structure shows general and administrative expenses of $2.2 million as the largest operating expense component, representing approximately 14.1% of revenue. Selling expenses were $99 thousand (0.6% of revenue) and research and development expenses were $106 thousand (0.7% of revenue). Other income of $215 thousand significantly boosted profitability, contributing to pre-tax income margin of approximately 2.0%. Net income margin was approximately 1.9%.
The company generated positive operating cash flow of $1.1 million, driven by net income of $291 thousand adjusted for non-cash items including depreciation and amortization of $973 thousand and changes in working capital. Investing activities provided $1.5 million primarily from withdrawal of unrestricted term deposits of $1.8 million, partially offset by additions to property, plant and equipment of $332 thousand. Financing activities used $1.4 million, mainly for acquisition of non-controlling interest of $1.8 million and debt repayments. The balance sheet shows strong liquidity with $12.4 million in cash and cash equivalents, $4.1 million in short-term deposits, and total current assets of $34.7 million. Total assets are $45.7 million with total liabilities of $14.0 million and total equity of $31.7 million. The current ratio is approximately 3.0 based on current assets of $34.7 million and current liabilities of $11.7 million.
The filing does not contain management guidance, strategic priorities, or specific risk factors discussion. As a 10-Q filing, it primarily presents financial statements without the forward-looking commentary typically found in annual reports or earnings releases. No information about future expectations, market conditions, or strategic initiatives is provided in the available document content. Investors should refer to subsequent filings or company communications for outlook information.