Trio‑Tech International (NYSE MKT: TRT) announced a 2‑for‑1 forward stock split that will double the number of shares outstanding. The split will be effective after the close of trading on January 2, 2026, with a record date of December 29, 2025. The company’s Chairman and CEO, S.W. Yong, said the move is intended to improve liquidity and make the shares more accessible to a broader investor base as the company continues to execute its strategic objectives.
The split is a routine financing action, but it signals management’s confidence in Trio‑Tech’s long‑term growth trajectory. The company’s Q4 2025 revenue rose to $10.7 million, up 10.4% from $9.7 million in the same quarter a year earlier, driven largely by growth in its Industrial Electronics segment. Despite the revenue increase, the company reported a full‑year loss, reflecting ongoing investment in research and development and higher operating costs.
In the first quarter of fiscal 2026, Trio‑Tech reported revenue of $15.5 million, a 58% increase from $9.8 million in Q1 FY2025, and returned to profitability. The surge was led by the Semiconductor Back‑End Solutions (SBS) segment, which contributed $9.2 million of the total revenue, up 70% YoY, while the Industrial Electronics (IE) segment grew 30% to $6.3 million. The company’s balance sheet remains strong, with a current ratio of 3.15 and a debt‑to‑equity ratio of 0.06.
The company also completed the acquisition of the remaining 50% equity interest in its Malaysian subsidiary, Trio‑Tech (Malaysia) Sdn. Bhd., making it a wholly owned subsidiary. This consolidation is part of Trio‑Tech’s strategy to streamline operations and reduce transaction costs across its global footprint.
The 2‑for‑1 split will lower the share price, potentially attracting retail investors and enhancing trading volume. By doubling the share count, the company aims to make its shares more affordable and improve market depth, which can support a more efficient price discovery process. The split is expected to be reflected in the market on January 5, 2026, when trading begins on a split‑adjusted basis.
S.W. Yong emphasized that the split underscores the company’s confidence in its growth plans and its commitment to creating shareholder value. He noted that improving liquidity is a key component of the company’s strategy to support future capital allocation decisions and to provide a more accessible investment vehicle for a broader range of investors.
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