Reported Earnings • May 31
Full year 2026 earnings released: S$0.003 loss per share (vs S$0 in FY 2025) Full year 2026 results: S$0.003 loss per share (further deteriorated from S$0 in FY 2025). Revenue: S$18.2m (down 27% from FY 2025). Net loss: S$3.52m (down S$3.55m from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Apr 03
Tritech Group Limited has filed a Follow-on Equity Offering in the amount of SGD 1 million. Tritech Group Limited has filed a Follow-on Equity Offering in the amount of SGD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 95,238,095
Price\Range: SGD 0.0105
Transaction Features: Subsequent Direct Listing New Risk • Feb 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Market cap is less than US$100m (S$15.1m market cap, or US$11.9m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: S$0.001 loss per share (vs S$0 in 3Q 2025) Third quarter 2026 results: S$0.001 loss per share (further deteriorated from S$0 in 3Q 2025). Revenue: S$4.31m (down 33% from 3Q 2025). Net loss: S$1.42m (down 358% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: S$0 (vs S$0 in 2Q 2025) Second quarter 2026 results: EPS: S$0 (in line with 2Q 2025). Revenue: S$5.10m (down 17% from 2Q 2025). Net income: S$53.0k (up S$577.0k from 2Q 2025). Profit margin: 1.0% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (S$12.7m market cap, or US$9.82m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Aug 15
First quarter 2026 earnings released: S$0.001 loss per share (vs S$0 in 1Q 2025) First quarter 2026 results: S$0.001 loss per share (further deteriorated from S$0 in 1Q 2025). Revenue: S$4.76m (down 29% from 1Q 2025). Net loss: S$795.0k (down 297% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Tritech Group Limited has completed a Follow-on Equity Offering in the amount of SGD 1.4175 million. Tritech Group Limited has completed a Follow-on Equity Offering in the amount of SGD 1.4175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,000,000
Price\Range: SGD 0.0105
Transaction Features: Subsequent Direct Listing Announcement • Jul 31
Tritech Group Limited has filed a Follow-on Equity Offering in the amount of SGD 1.05 million. Tritech Group Limited has filed a Follow-on Equity Offering in the amount of SGD 1.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: SGD 0.0105
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: S$0 (vs S$0.002 loss in FY 2024) Full year 2025 results: EPS: S$0 (improved from S$0.002 loss in FY 2024). Revenue: S$24.8m (down 9.4% from FY 2024). Net income: S$35.5k (up S$2.36m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jul 11
Tritech Group Limited, Annual General Meeting, Jul 29, 2025 Tritech Group Limited, Annual General Meeting, Jul 29, 2025, at 10:30 Singapore Standard Time. Location: 31 changi south avenue 2, tritech building, singapore 486478, Singapore New Risk • Jun 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 131% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (24% average weekly change). Market cap is less than US$10m (S$9.45m market cap, or US$7.33m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: S$0 (vs S$0.002 loss in FY 2024) Full year 2025 results: EPS: S$0 (improved from S$0.002 loss in FY 2024). Revenue: S$24.8m (down 9.4% from FY 2024). Net income: S$72.0k (up S$2.39m from FY 2024). Profit margin: 0.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: S$0.001 (vs S$0 in 3Q 2024) Third quarter 2025 results: EPS: S$0.001 (up from S$0 in 3Q 2024). Revenue: S$6.43m (down 9.3% from 3Q 2024). Net income: S$551.0k (up S$746.1k from 3Q 2024). Profit margin: 8.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Roger Tan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 16
Tritech Group Limited, Annual General Meeting, Jul 31, 2024 Tritech Group Limited, Annual General Meeting, Jul 31, 2024, at 10:30 Singapore Standard Time. Location: 31 changi south avenue 2, tritech building, singapore 486478, Singapore Reported Earnings • Jun 04
Full year 2024 earnings released: S$0.002 loss per share (vs S$0.01 loss in FY 2023) Full year 2024 results: S$0.002 loss per share (improved from S$0.01 loss in FY 2023). Revenue: S$27.3m (flat on FY 2023). Net loss: S$2.76m (loss narrowed 77% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (S$11.8m market cap, or US$8.77m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • Feb 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.0m (US$9.65m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$13.0m market cap, or US$9.65m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Dec 28
Tritech Group Limited Announces Appointment of Tan Chade Phang as Non-Executive Independent Director and as Member of Audit Committee and Nominating Committee Tritech Group Limited announced appointment of Tan Chade Phang as Non-Executive Independent Director and a member of Audit Committee and Nominating Committee. Appointment date is January 1, 2024. Board comments: The Board has accepted the Nominating Committee's recommendation, which has reviewed and considered Mr. Tan's qualification and experience, and approved the appointment of Mr. Tan as Independent Director. Working experience: November 2015 to Present - President (Small and Middle Capitalization Companies Association) August 2013 to September 2023 - Chief Executive Officer (Voyage Research Pte. Ltd. (formerly known as SIAS Research Pte. Ltd.)) August 2017 to September 2018 - Director (Bodhi Tree Network Pte. Ltd.). Other directorships past: (a) Revez Corporation Ltd. (b) Camsing Healthcare Limited (c) TIH Limited. Other directorships present: (a) SMI Vantage Limited (b) Y Ventures Group Ltd. (c) OUE Healthcare Limited (d) Luminor Financial Holdings Limited. Director experience details:September 2023 to Present - Independent Director (SMI Vantage Limited) August 2021 to Present - Independent Director (Y Ventures Group Ltd.) January 2017 to Present - Independent Director (OUE Healthcare Limited) February 2016 to Present - Independent Director (Luminor Financial Holdings Limited) February 2021 to March 2023 - Independent Director (Revez Corporation Ltd.) March 2021 to September 2021 - Independent Director (Camsing Healthcare Limited) June 2018 to April 2021 - Independent Director (TIH Limited) September 2019 to October 2020 - Independent Director (TBK and Sons Holdings Limited) May 2017 to February 2018 - Independent Director (Transcorp Holdings Limited) March 2016 to July 2018 - Independent Director (Dapai International Holdings Co. Ltd.). Professional qualifications: March 2000 to March 2002 - Master of Finance (RMIT University) January 1998 to January 2000 - Bachelor of Business in Accountancy (RMIT University) July 1994 to June 1997 - Diploma in Risk and Insurance Management (Nanyang Polytechnic). New Risk • Nov 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.0m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$5.2m free cash flow). Market cap is less than US$10m (S$13.0m market cap, or US$9.56m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (S$408k sold). New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-S$5.2m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (S$18.9m market cap, or US$13.8m). Reported Earnings • Sep 04
Full year 2023 earnings released: S$0.01 loss per share (vs S$0.001 loss in FY 2022) Full year 2023 results: S$0.01 loss per share (further deteriorated from S$0.001 loss in FY 2022). Revenue: S$27.5m (flat on FY 2022). Net loss: S$11.9m (loss widened S$10.9m from FY 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Tritech Group Limited, Annual General Meeting, Sep 14, 2023 Tritech Group Limited, Annual General Meeting, Sep 14, 2023. Reported Earnings • Jun 01
Full year 2023 earnings released: S$0.005 loss per share (vs S$0.001 loss in FY 2022) Full year 2023 results: S$0.005 loss per share (further deteriorated from S$0.001 loss in FY 2022). Revenue: S$27.5m (flat on FY 2022). Net loss: S$5.76m (loss widened 471% from FY 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
First half 2023 earnings released: S$0.002 loss per share (vs S$0 in 1H 2022) First half 2023 results: S$0.002 loss per share (further deteriorated from S$0 in 1H 2022). Revenue: S$11.9m (down 19% from 1H 2022). Net loss: S$2.34m (down S$2.63m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 15
Full year 2022 earnings released: S$0.001 loss per share (vs S$0.005 loss in FY 2021) Full year 2022 results: S$0.001 loss per share (up from S$0.005 loss in FY 2021). Revenue: S$27.4m (up 20% from FY 2021). Net loss: S$1.01m (loss narrowed 78% from FY 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 14
Tritech Group Limited, Annual General Meeting, Jul 29, 2022 Tritech Group Limited, Annual General Meeting, Jul 29, 2022, at 10:30 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2022 together with the Auditors' Report thereon; to approve the payment of Directors' fees of SGD 191,250 for the financial year ended 31 March 2022 (FY2021: SGD 190,000); to re-elect Dr Wang Xiaoning retiring pursuant to Regulation 117 of the Constitution of the Company; to re-elect Mr Ong Eng Keang retiring pursuant to Regulation 122 of the Constitution of the Company; to re-elect Mr Zhou Xinping retiring pursuant to Regulation 122 of the Constitution of the Company; to re-appoint Messrs Ernst & Young LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Jun 05
Full year 2022 earnings released: S$0.006 loss per share (vs S$0.005 loss in FY 2021) Full year 2022 results: S$0.006 loss per share (down from S$0.005 loss in FY 2021). Revenue: S$27.6m (up 21% from FY 2021). Net loss: S$5.53m (loss widened 20% from FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 16
Insider recently bought S$256k worth of stock On the 11th of April, Sui Hee Lee bought around 8m shares on-market at roughly S$0.032 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buying Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be S$0.034, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years, while earnings per share has been flat. Announcement • Jan 29
Tritech Group Limited Appoints Zhou Xinping as Executive Director The Board of Directors of Tritech Group Limited appointed Mr. Zhou Xinping has been appointed as an Executive Director with effect from 27 January 2022. Reported Earnings • Jul 15
Full year 2021 earnings released: S$0.005 loss per share (vs S$0.023 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: S$22.9m (up 115% from FY 2020). Net loss: S$4.60m (loss narrowed 79% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 29
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: S$22.9m (up 115% from FY 2020). Net loss: S$4.44m (loss narrowed 80% from FY 2020). Executive Departure • Feb 21
Company Secretary has left the company On the 19th of February, Pih Peng Lee's tenure in the role of Company Secretary ended. We don't have any record of a personal shareholding under Pih Peng's name. A total of 2 executives have left over the last 12 months. Announcement • Jan 29
Tritech Group Limited Announces Change of Company Secretary Tritech Group Limited announced that Ms Siau Kuei Lian has been appointed as the Company Secretary in place of Ms Lee Pih Peng with effect from February 19, 2021. Announcement • Sep 19
Tritech Group Limited Makes Its Maiden Foray into Sanitiser and Disinfectant Industry Tritech Group Limited announced that the Group has made its maiden foray into the sanitiser and disinfectant industry with its newly developed proprietary product, VaVieTM Clean Wash Sanitize ("CWS"). This new product is created by leveraging on the Group's well-established water and membrane technology and expertise. Produced with purified water and food grade materials by using electrical ionization technology, VavieTM CWS is an environment friendly, odourless, colourless, and alcohol-free cleaning solution with high alkalinity. Notably, this proprietary product has been tested effective by Microchem Laboratory, USA in killing >99.99996% of bacteria and 99.90% of human coronaviruses after 15 seconds. CWS has been also proven to have strong antibacterial properties and superior cleaning capabilities in addition to its high efficacy in eliminating human coronaviruses which sets it apart from other products available in the market. In addition to killing bacteria and human coronavirus, it can be used to remove stubborn oil and dirt stains, sterilise surfaces and for washing fruit/vegetables, being a one-stop cleaning solution for households. Besides, Vavie Strong Alkaline Cleaning Water (now known as CWS) has been included in National Environment Agency's Interim List of Household Products/Cleaning Products Effective Against Coronavirus. With its high degree of cleanliness, bactericidal and
deodorising properties, CWS can also be used in the food processing industry and commercial buildings. Announcement • Sep 09
Qingdao Ocean Group Finance Holdings Co., Ltd. and Rongtai Construction Group Co Ltd completed the acquisition of 60% stake in Tritech Environmental Group Co., Limited from Tritech Group Limited (Catalist:5G9) Qingdao West Coast New District Ocean Holding Group Co Ltd and Rongtai Construction Group Co Ltd entered into a sale and purchase agreement to acquire 60% stake in Tritech Environmental Group Co., Limited from Tritech Group Limited (Catalist:5G9) for CNY 42.2 million on July 25, 2019. Qingdao West Coast New District Ocean Holding Group Co Ltd is acquiring 40% stake for CNY 28.2 million and Rongtai Construction Group Co Ltd is acquiring 20% stake for CNY 14.1 million. The consideration will be paid in cash. CNY 12.7 million, being 30% of consideration, will be paid within 10 working days from the agreement where Qingdao West Coast New District Ocean Holding Group Co Ltd will pay CNY 8.45 million and Rongtai Construction Group Co Ltd will pay CNY 4.2 million.
The balance CNY 29.56 million, being 70% of consideration, will be paid within 10 working days from the completion date where Qingdao West Coast New District Ocean Holding Group Co Ltd will pay CNY 19.7 million and Rongtai Construction Group Co Ltd will pay CNY 9.85 million. The consideration is subject to adjustments. Tritech Environmental’s shareholdings in Tritech Water Technologies Pte Ltd and Tritech SysEng (S) Pte Ltd will be held directly by Tritech Group Limited and are not part of the transaction. Upon completion, Tritech Group Limited will hold 40% stake in Tritech Environmental.
Upon completion, Tritech Environmental its subsidiaries will cease to be subsidiaries of Tritech Group Limited and will be considered associates of Tritech Group Limited. Tritech Group Limited will be required to pay termination fee of 20% of the consideration and such excess of liquidated damages incurred by the respective buyers. If the agreement is terminated due to the fault of Tritech Group Limited, Tritech Group Limited shall refund the payments received so far plus interest within 10 days upon receiving the notification from the buyers. If the buyers cause delay in the payments, they shall compensate Tritech Group Limited at 0.03% per day of the outstanding amount of such payment. However, the accumulated compensation shall be limited to 10% of the outstanding amount.
As of March 31, 2019, Tritech Environmental reported book value of CNY 76.3 million. The new board of directors of Tritech Environmental will be formed by five members with an appointment term of three years. Qingdao West Coast New District Ocean Holding Group Co Ltd and Tritech Group Limited shall each be entitled to 2 members to the new board and Rongtai Construction will be entitled to appoint a single member to the new board. Further, the chairman and deputy chairman of the new board shall be appointed by way of vote by the new board.
The transaction is subject to Tritech Group Limited, Qingdao West Coast New District Ocean Holding Group Co Ltd and Rongtai Construction Group Co Ltd obtaining all relevant necessary consents and approvals in accordance with the respective company constitution, approve and adopt the new constitution of Tritech Environmental and cooperate closely on a best efforts basis to achieve these conditions within three working days after the agreement date. The transaction shall be completed on or before July 31, 2019.
Rongtai Construction is in the course of obtaining clearance from local governmental agencies for the transfer of funds out of China. The payment from Rongtai Construction i.e. CNY 14.1 million, which represents 20% of the acquisition price of Tritech Environmental is expected to be received by Tritech Group by end of the week ending September 8, 2019. Tritech Group Limited intends to utilize the net proceeds estimated at approximately CNY 42 million for general working capital purposes as well as other business and/or other investment opportunities as and when they arise.
Qingdao Ocean Group Finance Holdings Co., Ltd. and Rongtai Construction Group Co Ltd completed the acquisition of 60% stake in Tritech Environmental Group Co., Limited from Tritech Group Limited (Catalist:5G9) on August 5, 2019.