TPET Trio Petroleum Corp

Overview and Growth

In fiscal 2025, Trio Petroleum Corp recorded $398.73K of revenue, net loss of $7.28M, and an operating cash outflow of $2.60M. The $398.73K revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $213.20K in fiscal 2024, revenue recorded a 87.0% year-over-year increase. The company reported diluted EPS of -$0.80, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 9.12M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 2.23M diluted shares in fiscal 2024, the current 9.12M base was 309.5% higher. The company employed $13.21M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.03x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $223.00K as gross profit before recognizing operating expenses and other items. Gross margin was 55.9%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $5.27M after the reported operating expense base. The company ended the period with a net loss of $7.28M, extending the operating result through all remaining items. Before income taxes, the company recorded a loss of $7.28M, bridging the operating result to the final net loss. The net loss equaled 64.4% of period-end equity, showing the deficit relative to book capital. The net loss equaled 55.1% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $9.63M in fiscal 2024 to $7.28M.

Liquidity and Capital Structure

The company held $13.21M of assets against $1.91M of liabilities and $11.30M of equity, revealing how the asset base was financed. At period end, current assets of $1.07M compared with current liabilities of $1.86M, defining the company’s short-term resource position. The current ratio was 0.58x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $882.16K, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 47.5% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was 85.5%, placing book capital against the total resource base. Relative to total assets, liabilities measured 14.5%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 6.7% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $11.68M in fiscal 2024, the current asset base moved 13.1% and finished higher. Against $9.04M of equity in fiscal 2024, the current book-equity balance moved 25.0% and ended higher. The reported cash balance changed 208.5% from $285.94K in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $2.60M of cash, resulting in an operating cash outflow for the year. Compared with a $3.84M operating cash outflow in fiscal 2024, the current outflow improved to $2.60M.

Based on the annual report for the fiscal year ending Oct 31, 2025. Analysis generated Sep 24, 2026.