TRIO-TECH INTERNATIONAL Earnings Per Share Disclosure
22. EARNINGS PER SHARE
The Company follows ASC Topic 260, Earnings Per Share. Basic earnings per share (“EPS”) are computed by dividing net income available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS give effect to all dilutive potential common shares outstanding during a period. In computing diluted EPS, the average price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants.
Options to purchase 819,250 shares of common stock at exercise prices ranging from $3.73 to $7.76 per share were outstanding as of June 30, 2025. 82,467 stock options were excluded in the computation of diluted EPS for Fiscal 2025 because they were anti-dilutive.
Options to purchase 701,750 shares of common stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of June 30, 2024. 140,500 stock options were excluded in the computation of diluted EPS for Fiscal 2024 because they were anti-dilutive.
The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the years presented herein:
| For the Year Ended June 30, | ||||||||
| 2025 | 2024 | |||||||
| (Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax | $ | (36 | ) | $ | 1,051 | |||
| Loss attributable to Trio-Tech International common shareholders from discontinued operations, net of tax | (5 | ) | (1 | ) | ||||
| Net (loss) / income attributable to Trio-Tech International Common Shareholders | $ | (41 | ) | $ | 1,050 | |||
| Weighted average number of common shares outstanding - basic | 4,271 | 4,160 | ||||||
| Dilutive effect of stock options | 93 | 139 | ||||||
| Number of shares used to compute earnings per share - diluted | 4,364 | 4,299 | ||||||
| Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International | $ | (0.01 | ) | $ | 0.25 | |||
| Basic earnings per share from discontinued operations attributable to Trio-Tech International | - | - | ||||||
| Basic (loss) / earnings per share from net income attributable to Trio-Tech International | $ | (0.01 | ) | $ | 0.25 | |||
| Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International | $ | (0.01 | ) | $ | 0.24 | |||
| Diluted earnings per share from discontinued operations attributable to Trio-Tech International | - | - | ||||||
| Diluted (loss) / earnings per share from net income attributable to Trio-Tech International (1*) | $ | (0.01 | ) | $ | 0.24 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 19, 2025 | Showing above |
| 2024 | Sep 23, 2024 | |
| 2023 | Sep 27, 2023 | |
| 2022 | Sep 23, 2022 | |
| 2021 | Oct 1, 2021 | |
| 2020 | Sep 23, 2020 | |
| 2019 | Sep 23, 2019 | |
| 2018 | Sep 25, 2018 | |
| 2017 | Sep 20, 2017 | |
| 2016 | Sep 28, 2016 | |
| 2015 | Sep 28, 2015 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.