Trio-Tech CEO S.W. Yong Highlights Strong Start to FY2026 as Revenue Surges 58%

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 first quarter ended September 30, 2025. The Company reported 58% year-over-year revenue growth, driven by strong performance across both its Semiconductor Back-End and Industrial Electronics segments.

Trio-Tech International Chairman and CEO S.W. Yong’s Comments

“We began fiscal 2026 with strong momentum, delivering solid revenue growth and profitability. Our Semiconductor Back-End segment achieved significant growth, driven by our successful entry into providing final testing services for next-generation high-performance AI devices for a leading AI chip manufacturer. This milestone reinforces our reputation for reliability, performance, and security in mission-critical applications and demonstrates our ability to meet the highest standards before full-scale deployment. We’re proud to support this customer’s innovation journey and look forward to delivering outstanding results.

“Also, as the global semiconductor industry continues its shift from cost optimization to resilience, our Semiconductor Back-End solutions segment is benefiting from our regional expertise in Southeast Asia and deep, long-standing customer relationships.

“At the same time, our Industrial Electronics segment continued to scale, expanding into new aerospace channels and broadening its customer base. Notably, U.S. sales in the segment have grown for two consecutive quarters, reflecting increasing demand and the strength of our diversified portfolio. Our focus on operational discipline and strategic growth gives us confidence in achieving sustainable long-term success.”

Fiscal 2026 First Quarter Financial Results

• Total revenue: $15.5 million, a 58% increase from $9.8 million in Q1 FY2025, reflecting robust contributions from both segments.
• Semiconductor Back-End Solutions: $11.4 million, up 66% from $6.9 million in the prior year, driven by new AI chip testing and higher testing volumes across Southeast Asia.
• Industrial Electronics: $4.0 million, up 39% from $2.9 million, reflecting growth from new aerospace channel sales.
• Gross margin: $2.6 million, or 17% of revenue, compared to $2.3 million, or 23%, a year ago; the margin decline reflects higher-volume, lower-margin AI chip testing services.
• Operating income: $46 thousand, compared to $133 thousand in Q1 FY2025.
• Net income attributable to common shareholders: $77 thousand, or $0.02 per diluted share, compared to a net loss of $236 thousand ($0.06 per share) in the prior year.
• Cash, cash equivalents, and restricted cash: $20.1 million as of September 30, 2025, up from $19.5 million at June 30, 2025.

Outlook

Trio-Tech expects continued momentum through fiscal 2026. The Company anticipates steady growth in its Industrial Electronics segment and additional revenue from its AI chip manufacturing customer for final test services. Trio-Tech remains focused on cost control, operational efficiency, and strategic growth investments to support profitability and cash generation.