Trek 2000 (SGX:5AB
) has reported earnings of US$4.6 million for FY2025, ended Dec 31, 2025, up by more than 12 times y-o-y.
Despite the jump in bottom line, revenue was down by 1.1% y-o-y to US$19.6 million. The decline in revenue was mainly due to the company’s prudence decision in selecting and prioritising projects that were more financially viable.
Trek 2000’s artificial intelligence of things (AIoT) remains the key revenue driver for the company, accounting for 93.2% of total revenue in FY2025.
Gross profit surged 128.8% y-o-y to US$2.4 million, primarily driven by higher gross profit margin, which went up to 12.8% in FY2025, compared against just 5.2% in FY2024.
Higher gross profit margin was attributed to the company’s decision to prioritise profitable projects within its existing market and client’s base.
Other income went up by more than 470% y-o-y to US$6.9 million as a result of gain on disposal of an unquoted equity investment of US$6.1 million in FY2025.
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The gain included the considerations for strategic cooperation, technical and commercial support provided by the company to the investee.
As of Dec 31, 2025, Trek 2000 holds liquid assets of around US$33.7 million, comprising cash and cash equivalents of US$27.3 million and short-term investments of US$6.4 million.
“We will continue to invest in R&D to expand our portfolio innovative solutions and maintain our competitive edge. Backed by a strong balance sheet with zero borrowings, we remain committed to delivering value to our shareholders,” says Wayne Tan, Trek 2000’s president and executive chairman.
Based on the last traded share price of 8.9 cents on Feb 25, Trek 2000 has a price to book ratio of 0.6 times.
