Financial Analysis

16. COMMITMENTS AND CONTINGENCIES The Company has capital commitments for capital expenditure amounting to $281 as at June 30, 2026 , as compared to capital commitment of $16 as at June 30, 2025 . As at June 2026, the capital commitment is attributable to China and Malaysia operation's capital investment. The increase in capital commitments reflects planned investments in equipment and infrastructure intended to support capacity expansion for current and expected burn-in service orders. Deposits with banks are not fully insured by the local government or agency and are consequently exposed to risk of loss. The Company believes that the probability of bank failure, causing loss to the Company, is remote. During the third quarter of Fiscal 2026 , the Company's Malaysia subsidiary entered into a one -year customs bond arrangement totaling MYR10 million or approximately $2,470. This bond serves as a financial guarantee for the payment of duties and taxes in the event of any violation of temporary import or controlled schemes. As of the reporting date, management does not expect any material liabilities to arise from this arrangement. Refer to Note 29, Subsequent Events, for an increase in the value of this bond arrangement effective after Fiscal 2026. The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not have a materi …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

14. BANK LOANS PAYABLE June 30, June 30, 2026 2025 Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in July 2028, bearing interest at the banks prime rate less 2.00 % ( 4.60 % and 4.85 % for June 30, 2026 and 2025 respectively) per annum, with monthly payments of principal plus interest through July 2028, collateralized by the acquired building with a carrying value of $ 2,401 and $ 2,351 , as of June 30, 2026 and 2025 respectively. $ 365 $ 508 Financing arrangement at fixed interest rate 3.2 % per annum, with monthly payments of principal plus interest through July 2025. - 4 Financing arrangement at fixed interest rate 3.0 % per annum, with monthly payments of principal plus interest through December 2026. 30 85 Financing arrangement at fixed interest rate 3.0 % per annum, with monthly payments of principal plus interest through August 2027. 50 87 Total bank loans payable $ 445 $ 684 Current portion of bank loans payable 235 225 Currency translation effect on current portion of bank loans 11 31 Current portion of bank loans payable 246 256 Long-term portion of bank loans payable 184 368 Currency translation effect on long-term portion of bank loans 15 60 Long-term portion of bank loans payable $ 199 $ 428 Future minimum payments (excluding interest) as of June 30, 2026 , were as follows: 2027 $ 246 2028 189 2029 10 Total obligations and commitments $ 445 Future minimum payments (excluding interest) as of June 30, 2025 , were as foll …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

25. STOCK OPTIONS On September 14, 2017, the Companys Board of Directors unanimously adopted the 2017 Employee Stock Option Plan (the 2017 Employee Plan ) and the 2017 Directors Equity Incentive Plan (the 2017 Directors Plan ) each of which was approved by the shareholders on December 4, 2017. Assumptions The fair value for the stock options granted to both employees and directors was estimated using the Black-Scholes option pricing model with the following weighted average assumptions, assuming: An expected life varying fro m 2.50 to 3.25 years, calculated in accordance with the guidance provided in SEC Staff bulletin No. 110 for plain vanilla options using the simplified method, since the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. A risk-free interest rate varying fr om 3.15% to 4.40% ( 2025 : 0.11% to 4.59%); No expected dividend payments and; Expected volatility o f 74% to 128% ( 2025 : 46.0% to 73.9 %). The expected volatilities are based on the historical volatility of the Companys Common Stock. Due to higher volatility, the observation was made on a daily basis for the 12 months ended June 30, 2026 and 2025 respectively. The observation period covered is consistent with the expected life of the options. The expected life of the options granted to employees has been determined utilizing the simplified method as prescribed by ASC Topic 718 Stock Based Compensation , which, among other prov …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

17. FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with ASC Topic 825 and 820, the following presents assets and liabilities measured and carried at fair value and classified by level of fair value measurement hierarchy: There were no transfers between Levels 1 and 2 during the year ended June 30, 2026 , or for the same period in the prior year. Term deposits (Level 2 ) The carrying amount approximates fair value because of the short maturity of these instruments. Restricted term deposits (Level 2 ) The carrying amount approximates fair value because of the short maturity of these instruments. Short-term investments (Level 2 ) - Fair value is determined based on the unit net asset value published by the product manager, which is derived primarily from observable market inputs relating to the underlying fixed-income assets. Lines of credit (Level 3 ) The carrying value of the lines of credit approximates fair value due to the short-term nature of the obligations. Bank loans payable (Level 3 ) The carrying value of the Companys bank loans payable approximates its fair value as the interest rates associated with long-term debt is adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities. …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

22. INCOME TAXES Income before provision for income taxes consists of the following: For the Year Ended June 30, 2026 2025 United States (585 ) (642 ) Foreign 974 815 Total $ 389 $ 173 The components of the provision for income taxes are as follows: For the Year Ended June 30, 2026 2025 Current: Federal $ 51 $ (25 ) State 2 5 Foreign 340 141 $ 393 $ 121 Deferred: Federal 6 - Foreign (171 ) 47 Total $ 228 $ 168 Beginning in the fiscal year ended June 30, 2026, we adopted ASU 2023 - 09 on a prospective basis. The reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate pursuant to the disclosure requirements of ASU 2023 - 09 for the fiscal year ended June 30, 2026 was as follows: For the Year Ended June 30, 2026 US federal statutory tax rate $ 82 21.00 % State and local income taxes, net of federal income tax effect 2 0.49 % Foreign tax effects Cayman Islands 33 8.61 % China 184 47.38 % Malaysia (323 ) (83.12 )% Singapore 51 13.09 % Thailand (11 ) (2.93 )% Effect of cross border tax laws 9 2.40 % Tax credits 11 2.87 % Changes in valuation allowances 46 11.95 % Non-taxable or non-deductible items Stock options 119 30.70 % Other non-taxable or non-deductible Items 28 7.24 % Other reconciling items Return to provision adjustments 20 5.11 % Penalties 1 0.12 % Adjustment to rate differential (24 ) (6.38 )% Effective income tax rate $ 228 58.53 % The reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate was …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

23. REVENUE The Company generates revenue primarily from SBS and IE, it's two reporting segments. The Company accounts for a contract with a customer when there is approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. The Companys revenues are measured based on consideration stipulated in the arrangement with each customer, net of any sales incentives and amounts collected on behalf of third parties, such as sales taxes. The revenues are recognized as separate performance obligations that are satisfied by transferring control of the product or service to the customer. Significant Judgments The Companys arrangements with its customers include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. A product or service is considered distinct if it is separately identifiable from other deliverables in the arrangement and if a customer can benefit from it on its own or with other resources that are readily available to the customer. The Company allocates the transaction price to each performance obligation on a relative standalone selling price basis ( SSP ). Determining the SSP for each distinct performance obligation and allocation of consideration from an arrangement to the individual performance obligations and the appropriate timing of rev …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"19. BUSINESS SEGMENTS ASC Topic 280, Segment Reporting , establishes standards for reporting information about operating segments. Operating segments are defined as components of a reporting entity, the operating results of which are reviewed regularly by the chief operating decision maker ( CODM ) to make decisions about resource allocation and to assess performance. Our CODM is our Chief Executive Officer. Our operating businesses are organized based on the nature of markets. The SBS segment comprises our core semiconductor back-end equipment manufacturing and testing operations that serve the semiconductor industry. Our value-added distribution business, along with our services and equipment manufacturing operations that serve various industries are being reported together in our IE segment. A detailed description of our operating segments can be found in the overall business strategies and business segments section of Item 1 of this Report, entitled ""Business"". Our CODM uses total revenue, gross profit, operating income and total assets in assessing segment performance and deciding how to allocate resources. Segment operating income includes corporate allocations. Segment revenues include sales of equipment and services by our segments. Total intersegment sales were $65 in the year ended June 30, 2026 and $216 in the year ended June 30, 2025 . Certain corporate costs, including those related to legal, information technology, human resources and shared services are allo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

28. STOCK REPURCHASE PROGRAM On May 8, 2025 , the Companys Board of Directors authorized a share repurchase program under which the Company may repurchase up to $1 million of its issued and outstanding Common Stock over a period of two years. Any and all share repurchase transactions are subject to market conditions and applicable legal requirements. As of June 30, 2026, the Company repurch ased 2,593 shares of Common Stock for an aggregate purchase price of $ 12. $988 re mained available under the repurchase authorization. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

29. SUBSEQUENT EVENTS Transfer of Stock Exchange Listing On September 16, 2026, the Company transferred the listing of its Common Stock from NYSE American LLC to the Nasdaq Global Market. The Companys Common Stock ceased trading on NYSE American LLC at the close of trading on September 15, 2026, and commenced trading on the Nasdaq Global Market on September 16, 2026, under the existing ticker symbol TRT. The transfer did not affect the number of shares outstanding or the Companys reporting obligations under the Securities Exchange Act of 1934. Customs Bond Arrangement On September 8, 2026, the Company's Malaysia subsidiary entered into a revised one -year customs bond arrangement increasing the total bond value from MYR10 million to MYR50 million, or approximately $12,305, to support the subsidiary's expanded business needs. Consistent with the original arrangement, this bond serves as a financial guarantee for the payment of duties and taxes in the event of any violation of temporary import or controlled schemes. Management does not expect any material liabilities to arise from this arrangement. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing