Feed / TRT

Trio-Tech International

TRT

Technology · 6.20 -4.0% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:55 GMT-4

Market read

No connected market move is active around Trio-Tech International.

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Revenue YoY-13.8%2025-06-30
Operating margin0.7%-1.9 pts YoY
Company-4.0% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Aviation backlog increased, while equipment and electronic-component sales backlog declined.

Invalidation: The isolated read changes if TRT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Semiconductor Equipment & Materials

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Aviation backlog increased, while equipment and electronic-component sales backlog declined.

Company research

Understand the business, not just the ticker

As of Oct 2, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations330
Usable filing statements226
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +71.6% year over year.
Evidence challenging the case
  • Operating margin changed -1.0 percentage points in the latest annual period.
  • Diluted shares increased 5.5% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Foreign exchange has repeated adverse evidence across 5 filings.
  • Demand and volume has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 96% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 1, 2026

6.12
6m+5.2%12m+11.7%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$44.1M+35.7%$0.57+7.4%
2023-06-30$43.3M-1.8%$0.37-0.2%
2024-06-30$42.3M-2.2%$0.24+3.2%
2025-06-30$36.5M-13.8%$0.00—
2026-06-30$62.6M+71.6%$0.00+5.5%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
“Interest Expense Interest expense for the years ended June 30, 2026 and 2025 was as follows: For the Year Ended June 30, 2026 2025 Interest expense $ 65 $ 45 Interest expense was $65 in Fiscal 2026, an increase of $20 compared to $45 in Fiscal 2025 due to inc…”
10-K · Sep 24, 2026 ↗
Foreign exchangenegative · 5 filings
“The change was primarily due to lower foreign exchange losses a nd dividend income received by Prestal Sdn.”
10-K · Sep 24, 2026 ↗
Demand and volumemixed · 4 filings
“The increase was primarily attributable to new service business associated with the customer's geographic sourcing realignment, which expanded demand for the Company's services.”
10-K · Sep 24, 2026 ↗
Supply chain and availabilitymixed · 4 filings
“The increase was mainly attributable to higher backlog for aviation products, partially offset by lower equipment and electronic component sales backlog.”
10-K · Sep 24, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.9× · EV/sales 0.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

6.20-4.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TRT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TRT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TRT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JHPCYFiling-linked nameinvesteeSep 19, 2025 ▾

“Ltd, resulting in the acquisition of all the equity interest in Trio-Tech (Jiangsu) Co.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TRT is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for TRT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.