TrickleStar Ltd.

TrickleStar Ltd.

SSGX:CYW
0.08
SGD
+0.00
(-3.61%)
22.60MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.08
0.1
0.12
0.15
0.12
0.1
0.13
0.09
0.1
0.03
- -
Basic EPS, GAAP
- -
0.01
0.02
- -
0.01
-0.02
- -
- -
-0.01
- -
- -
Free Cash Flow per Basic Share
0.01
- -
0.01
- -
0.01
- -
- -
0.01
-0.02
- -
- -
Dividend per Share
0.01
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.04
0.04
0.05
0.07
0.07
0.05
0.05
0.05
0.04
0.03
0.03
Tangible Book Value per Share
0.04
0.04
0.05
0.06
0.06
0.04
0.05
0.05
0.04
0.03
0.03
Basic Weighted Avg Shares
107
107
107
98
107
108
109
109
110
188
165
Sales/Revenue/Turnover
9
10
13
15
13
11
14
10
11
6
- -
Operating Margin (%)
-2.97
3.78
17.93
1.64
4.72
-18.87
-0.93
-2.5
-5.67
-2.54
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
1
2
- -
1
-2
- -
- -
-1
- -
- -
Effective Tax Rate (%)
- -
- -
14.92
29.98
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-2.88
6.27
15.32
1.21
5.55
-21.21
1.19
-2.74
-5.8
-2.67
- -
Working Capital
4
4
5
7
7
5
5
5
4
5
6
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
4
4
5
7
8
5
5
5
5
5
6
Return on Invested Capital (%)
- -
- -
41.64
2.76
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
42.48
2.95
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
15.78
42.48
2.88
9.55
-36.96
3.17
-5.4
-13.74
-3.2
- -

Capital Structure

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
155
155
238
Market Capitalization
3
4
17

Working Capital

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
7
6
7
Cash, Cash Equivalents & STI
3
1
3
Accounts Receivable, Net
1
1
1
Inventories
3
3
2
Total Current Liabilities
2
1
1
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-6.44%
13.28%
Free Cash Flow
- -
-126.29%
-82.85%
Net Income, GAAP
- -
-151.07%
-76.63%
Sales/Revenue/Turnover
- -
-10.62%
-49.35%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
11
2025
- -
- -
6
2026
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.01
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ong Huat Tan
Full Time Employees
11
Sector
Producer manufacturing
Industry
Electrical products
Address
C3-U6-15 Solaris Dutamas Kuala Lumpur WP Malaysia 50480
IPO Date
Jun 18, 2019
Business
TrickleStar Limited designs and supplies energy optimization and management products aimed at helping consumers and businesses reduce energy consumption in homes and workplaces across the United States, Canada, Malaysia, and globally. Its product portfolio includes advanced power strips such as Tier 1 and Tier 2 Advanced PowerStrips, light level sensor PowerStrips, timer PowerStrips, motion sensor PowerStrips, and GSA-compliant PowerStrips; surge protectors; energy monitors including the TS2003 Plug-in Energy Monitor; smart thermostats featuring Wi-Fi capability, occupancy sensors, and C-Wire adapters; power switches such as the TS2101 PowerSwitch; USB motion sensors; portable power stations like the PowerStation1500; Wi-Fi electric water heater controllers; the TrickleStar DryerSaver device for energy-efficient clothes drying; and advanced keyboards with radar sensing technology. The company also offers related operational support services and develops electrical and energy-saving products targeting electric utilities, mechanical, electrical, and plumbing contractors, energy auditors, and energy efficiency programs. Founded in 2007 and headquartered in Kuala Lumpur, Malaysia, with offices in Singapore, Malaysia, and the United States, TrickleStar is publicly listed on the Singapore Exchange (Ticker: CYW.SI). In recent years, the company has strategically expanded its product offerings and market reach, including integration of smart IoT features in its energy-saving devices and enhanced API integrations that enable standard appliances like water heaters to be converted into smart energy devices. Notably, in 2024 and 2025, TrickleStar raised approximately S$0.8 million through a rights issue to support corporate purposes and business expansion initiatives. It also continues to expand its presence in the US market with new products beyond traditional advanced power strips, aiming to grow its footprint outside North America. The company remains focused on innovation in green technology by enhancing energy efficiency through smart, intuitive solutions that reduce environmental impact while offering reliability and safety. TrickleStar operates primarily in the energy management and conservation industry, serving residential and commercial clients with a range of energy-efficient smart devices and protective products. Its sustained emphasis on product quality, superior safety features, and outstanding customer service underpin its reputation in energy efficiency markets internationally. This comprehensive product and service portfolio combined with recent financial strengthening and geographic expansion reflect TrickleStar’s strategic positioning as a leader in affordable, easy-to-use energy-saving solutions for global consumers and businesses.