Trio-Tech International (TRT) Cash Flow Statement
Where TRT’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $3.4M +823.7% vs FY2025
- Capital expenditures
- $1.7M
- Free cash flow
- $1.7M
- Returned to shareholders
- $12,000 1% of free cash flow
- Change in cash
- $10.6M cash at year-end $24.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
TRT operating cash flow, capex and free cash flow
TRT cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $4.0MFY2017 | $3.4MFY2026 | −1.6%/yr | |
| Capital expenditures | $2.3MFY2017 | $1.7MFY2026 | −3.0%/yr | |
| Free cash flow | $1.7MFY2017 | $1.7MFY2026 | +0.1%/yr | |
| Free cash flow margin | 4.3%FY2017 | −1.6%FY2025 | −6.0 pts | |
| Operating cash flow / net income | 2.72FY2017 | 5.55FY2026 | +2.84 | |
| Stock-based compensation | $18,000FY2017 | $569,000FY2026 | +46.8%/yr | |
| Dividends paid | $177,000FY2017 | $10,000FY2022 | −43.7%/yr | |
| Share buybacks (net) | $0FY2017 | $12,000FY2026 | — | |
| Capex / revenue | 5.9%FY2017 | 2.7%FY2025 | −3.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRT cash flow by activity
TRT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
TRT cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $617,000 | −$30,000 | $1.1M | $1.8M | $2.3M | −$1.2M | $1.1M | $1.4M | $1.3M | $1.5M |
| Depreciation & amortization | $2.3M | $2.7M | $4.2M | $5.1M | $3.1M | $3.1M | $3.1M | $2.5M | $2.2M | $1.8M |
| Stock-based compensation | $569,000 | $448,000 | $465,000 | $358,000 | $475,000 | $249,000 | $146,000 | $56,000 | $43,000 | $18,000 |
| Change in working capital | — | −$1.9M | −$1.8M | $2.0M | −$3.8M | −$1.8M | −$278,000 | $1.6M | $622,000 | $316,000 |
| Other non-cash items | −$50,000 | −$914,000 | −$1.3M | −$1.1M | $112,000 | $1.3M | −$1.1M | −$1.1M | $310,000 | $328,000 |
| Cash from operating activities | $3.4M | $371,000 | $2.7M | $8.1M | $2.1M | $1.6M | $3.0M | $4.5M | $4.5M | $4.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.7M | −$967,000 | −$542,000 | −$4.5M | −$1.5M | −$1.1M | −$1.0M | −$2.8M | −$2.3M | −$2.3M |
| Investments (net) | — | $167,000 | −$113,000 | −$6.1M | −$444,000 | −$567,000 | −$141,000 | −$5.3M | −$2.1M | −$2.4M |
| Acquisitions & other investing | $719,000 | $967,000 | $542,000 | $4.5M | $1.5M | $1.1M | −$1.5M | $2.8M | $2.3M | $2.3M |
| Cash from investing activities | −$1.0M | $167,000 | −$113,000 | −$6.1M | −$444,000 | −$567,000 | −$2.6M | −$5.3M | −$2.1M | −$2.4M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | −$10,000 | −$32,000 | −$235,000 | −$125,000 | −$189,000 | −$177,000 |
| Share repurchases & issuance (net) | −$12,000 | $165,000 | $506,000 | $69,000 | $572,000 | $754,000 | $0 | $401,000 | $51,000 | $0 |
| Net borrowing (repayment) | — | −$205,000 | −$596,000 | −$1.3M | $464,000 | −$567,000 | $54,000 | −$179,000 | −$136,000 | $549,000 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $7.4M | $0 | $0 | $0 | −$115,000 | −$157,000 | −$551,000 | −$687,000 | −$733,000 | −$721,000 |
| Cash from financing activities | $7.4M | −$40,000 | −$90,000 | −$1.2M | $911,000 | −$2,000 | −$732,000 | −$590,000 | −$1.0M | −$349,000 |
| Summary | ||||||||||
| Net change in cash | $10.6M | $1.1M | $2.5M | $662,000 | $1.8M | $1.8M | −$759,000 | −$1.7M | $1.8M | $965,000 |
| Cash at end of period | $24.2M | $13.6M | $12.6M | $10.0M | $9.4M | $7.6M | $5.8M | $6.6M | $6.5M | $4.8M |
| Free cash flow | $1.7M | −$596,000 | $2.2M | $3.6M | $655,000 | $526,000 | $2.0M | $1.6M | $2.2M | $1.7M |
| Free cash flow margin | — | −1.6% | 5.1% | 8.4% | 1.5% | 1.6% | 5.8% | 4.1% | 5.1% | 4.3% |
| Capex / revenue | — | 2.7% | 1.3% | 10.4% | 3.3% | 3.4% | 3.0% | 7.2% | 5.5% | 5.9% |
| Operating cash flow / net income | 5.55 | — | 2.38 | 4.61 | 0.92 | — | 2.70 | 3.08 | 3.47 | 2.72 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$290,000 | −$40,000 | $381,000 | $75,000 | $170,000 | −$476,000 | $529,000 | −$223,000 | $286,000 | $163,000 | $486,000 | $207,000 |
| Depreciation & amortization | $680,000 | $638,000 | $441,000 | $532,000 | $648,000 | $671,000 | $711,000 | $711,000 | $688,000 | $762,000 | $1.3M | $1.5M |
| Stock-based compensation | $118,000 | $280,000 | $113,000 | $58,000 | $35,000 | $288,000 | $54,000 | $71,000 | $37,000 | $338,000 | $30,000 | $60,000 |
| Change in working capital | $220,000 | −$38,000 | −$604,000 | $412,000 | −$426,000 | $187,000 | $898,000 | −$2.5M | $481,000 | −$35,000 | −$851,000 | −$1.4M |
| Other non-cash items | $381,000 | $411,000 | −$197,000 | −$144,000 | −$1.1M | $111,000 | −$81,000 | $117,000 | −$1.4M | −$77,000 | $365,000 | −$354,000 |
| Cash from operating activities | $1.1M | $1.3M | $134,000 | $933,000 | −$664,000 | $781,000 | $2.1M | −$1.9M | $45,000 | $1.2M | $1.3M | −$57,000 |
| Investing activities | ||||||||||||
| Capital expenditures | −$865,000 | −$544,000 | −$286,000 | −$46,000 | −$557,000 | −$158,000 | −$183,000 | −$69,000 | −$334,000 | −$50,000 | −$81,000 | −$77,000 |
| Investments (net) | — | $1.1M | $1.1M | $652,000 | $268,000 | −$341,000 | $159,000 | $81,000 | −$569,000 | −$680,000 | $322,000 | $814,000 |
| Acquisitions & other investing | −$2.1M | −$100,000 | $100,000 | $46,000 | $557,000 | $158,000 | $183,000 | $69,000 | $334,000 | $50,000 | $81,000 | $77,000 |
| Cash from investing activities | −$3.0M | $419,000 | $894,000 | $652,000 | $268,000 | −$341,000 | $159,000 | $81,000 | −$569,000 | −$680,000 | $322,000 | $814,000 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | −$12,000 | $284,000 | — | $165,000 | $165,000 | $0 | — | — | — | — | — |
| Net borrowing (repayment) | — | −$505,000 | $316,000 | −$219,000 | $56,000 | −$78,000 | −$90,000 | −$93,000 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $10.4M | −$1.1M | −$1.8M | $0 | −$165,000 | $0 | $0 | $0 | −$12,000 | −$358,000 | $136,000 | $144,000 |
| Cash from financing activities | $10.4M | −$1.6M | −$1.2M | −$219,000 | $56,000 | $87,000 | −$90,000 | −$93,000 | −$12,000 | −$358,000 | $136,000 | $144,000 |
| Summary | ||||||||||||
| Net change in cash | $8.5M | $568,000 | $146,000 | $1.4M | $23,000 | $747,000 | $1.2M | −$906,000 | −$674,000 | −$276,000 | $2.7M | $751,000 |
| Cash at end of period | $24.2M | $13.8M | $13.2M | $13.1M | $13.6M | $13.6M | $12.9M | $11.7M | $12.6M | $13.2M | $13.5M | $10.8M |
| Free cash flow | $244,000 | $707,000 | −$152,000 | $887,000 | −$1.2M | $623,000 | $1.9M | −$1.9M | −$289,000 | $1.1M | $1.3M | −$134,000 |
| Free cash flow margin | — | 4.3% | −1.0% | 5.7% | −11.4% | 8.4% | 22.4% | −19.7% | −3.0% | 10.6% | 10.3% | −1.3% |
| Capex / revenue | — | 3.3% | 1.8% | 0.3% | 5.2% | 2.1% | 2.1% | 0.7% | 3.4% | 0.5% | 0.7% | 0.8% |
| Operating cash flow / net income | — | — | 0.35 | 12.44 | −3.91 | — | 3.99 | — | 0.16 | 7.06 | 2.76 | −0.28 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
TRT cash generation
In fiscal 2026 (ended June 30, 2026), Trio-Tech International generated $3.4 million of cash from operations (up 823.7%) and spent $1.7 million on capital expenditures, leaving free cash flow of $1.7 million. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents rose by $10.6 million over the year.
Related: TRT income statement, TRT balance sheet. See the TRT stock overview for the latest quote and news.
TRT cash flow FAQ
What is Trio-Tech International's free cash flow?
Trio-Tech International's free cash flow was $1.7 million in fiscal 2026: $3.4 million of operating cash flow minus $1.7 million of capital expenditures It was -$0.6 million a year earlier..
How much cash does Trio-Tech International generate from operations?
Trio-Tech International generated $3.4 million of cash from operating activities in fiscal 2026, 5.55 times its net income of $0.6 million.
How much does Trio-Tech International spend on capital expenditures?
Trio-Tech International spent $1.7 million on capital expenditures in fiscal 2026, compared with $1.0 million the year before.
How much stock does Trio-Tech International buy back?
Trio-Tech International spent $0.0 million on net share repurchases in fiscal 2026.