TrioTech International reported a modest revenue base of USD 9.80 million for QQ1 2025, marking a YoY decline of 1.68% and a QoQ increase of 0.54%. The quarter delivered a gross margin of 23.7%, with operating income of USD 0.133 million and an EBITDA of USD 0.545 million. Net income registered a loss of USD 0.236 million, with EPS of USD -0.0555. The results illustrate a fragile profitability profile in a cyclically sensitive semiconductor equipment market, but the company maintained a healthy liquidity position.
From a cash-flow perspective, TRT produced negative cash flow from operations of USD -1.857 million and free cash flow of USD -2.926 million, reflecting working capital dynamics (accounts receivable and accounts payable movements) and ongoing capital allocations. Despite the negative near-term cash flow, the balance sheet remains solid, supported by USD 8.95 million in cash and cash equivalents and USD 6.51 million in short-term investments (total cash & short-term investments approx. USD 15.46 million), yielding a net-debt position of approximately USD -6.33 million. The current ratio stood at 3.99 and the quick ratio at 3.64, underscoring ample short-term liquidity to weather a softening demand environment.
Management commentary is not available in the provided transcript dataset, limiting the ability to extract direct quotes or call-specific guidance. Nevertheless, the quarterly metrics imply that profitability hinges on margin expansion and working-capital optimization, while the company’s diversified structure—spanning Testing Services, Manufacturing, Distribution, and Real Estate—could provide optionality for future upside as semiconductor demand recovers and mix shifts toward higher-margin portfolios.