NYSEAMERICAN : TPET
Trio Petroleum Corp. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 1.88 USD (Oct 30, 2026, 10:20 AM EDT) · Market cap 10.01M
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Financial statements
Trio Petroleum Corp. (TPET) reported revenue of 851.28K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 851.28K | 398.73K | 213.20K | |||
| Cost of Revenue | 691.13K | 175.73K | ||||
| Gross Profit | 160.15K | 223.00K | 213.20K | |||
| Selling, General & Admin | 6.78M | 5.45M | 6.25M | 4.36M | 768.38K | 99.31K |
| Other Operating Expenses | 10.95K | 2.78K | 2.78K | 2.78K | 2.78K | 1.44K |
| Operating Expenses | 6.89M | 6.11M | 6.43M | 4.61M | 806.03K | 255.80K |
| Operating Income | -6.73M | -5.88M | -6.22M | -4.61M | -806.03K | -255.80K |
| Interest Expense | -270.68K | -605.51K | -2.12M | -791.81K | -1.66M | -152.46K |
| Currency Exchange Gain (Loss) | -41.47K | 8.84K | ||||
| Other Non Operating Income (Expenses) | 43.53K | -13.05K | -9.45K | |||
| EBT Excluding Unusual Items | -6.79M | -6.48M | -8.34M | -5.42M | -2.48M | -408.26K |
| Other Unusual Items | -171.11K | -801.59K | -1.29M | -1.12M | -1.32M | |
| Pretax Income | -6.96M | -7.28M | -9.63M | -6.54M | -3.80M | -408.26K |
| Net Income | -6.96M | -7.28M | -9.63M | -6.54M | -3.80M | -408.26K |
| Net Income to Common | -6.96M | -7.28M | -9.63M | -6.54M | -3.80M | -408.26K |
| Shares Outstanding (Basic) | 2.80M | 1.01M | 247.37K | 128.22K | 82.21K | 28.14K |
| Shares Outstanding (Diluted) | 2.80M | 1.01M | 247.37K | 128.22K | 82.21K | 28.14K |
| EPS (Basic) | -2.49 | -7.19 | -38.92 | -51.04 | -46.23 | -14.51 |
| EPS (Diluted) | -2.49 | -7.20 | -38.92 | -51.04 | -46.80 | -14.51 |
| Free Cash Flow | -3.24M | -3.49M | -5.01M | -8.15M | -502.14K | -2.24M |
| Free Cash Flow Per Share | -1.16 | -3.44 | -20.26 | -63.55 | -6.11 | -79.44 |
| Gross Margin | 18.81% | 55.93% | 100.00% | |||
| Operating Margin | -790.16% | -1,475.64% | -2,916.32% | |||
| Profit Margin | -817.90% | -1,826.31% | -4,515.30% | |||
| Free Cash Flow Margin | -380.14% | -874.23% | -2,350.86% | |||
| EBITDA | -6.70M | -5.27M | -6.21M | -4.61M | -803.25K | -254.36K |
| D&A For EBITDA | 24.47K | 614.54K | 2.78K | 2.78K | 2.78K | 1.44K |
| EBIT | -6.73M | -5.88M | -6.22M | -4.61M | -806.03K | -255.80K |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.29M | 882.16K | 285.94K | 1.56M | 73.65K | 78.88K |
| Cash & Short-Term Investments | 24.29M | 882.16K | 285.94K | 1.56M | 73.65K | 78.88K |
| Receivables | 157.39K | 59.97K | ||||
| Prepaid Expenses | 228.06K | 128.86K | 279.27K | 133.42K | 35.00K | 21.15K |
| Other Current Assets | 1.64M | 190.30K | ||||
| Total Current Assets | 24.68M | 1.07M | 565.22K | 1.70M | 1.75M | 290.33K |
| Property, Plant & Equipment | 13.22M | 12.14M | 11.12M | 9.95M | 5.84M | 5.58M |
| Other Long-Term Assets | 1.90M | 1.90M | ||||
| Total Assets | 37.90M | 13.21M | 11.68M | 11.64M | 9.49M | 7.77M |
| Accounts Payable | 1.06M | 1.31M | 1.04M | 609.36K | 1.16M | 16.12K |
| Short-Term Debt | 467.18K | 877.85K | 1.22M | 5.43M | 3.66M | |
| Other Current Liabilities | 144.73K | 83.71K | 676.56K | 24.43K | 117.66K | 2.78K |
| Total Current Liabilities | 1.20M | 1.86M | 2.59M | 1.85M | 6.71M | 3.68M |
| Other Long-Term Liabilities | 210.60K | 53.87K | 51.09K | 48.31K | 54.98K | 42.76K |
| Total Liabilities | 1.41M | 1.91M | 2.64M | 1.90M | 6.77M | 3.72M |
| Common Stock | 532.00 | 906.00 | 320.00 | 155.00 | 1.70K | 1.10K |
| Additional Paid-In Capital | 68.08M | 38.65M | 29.13M | 20.20M | 6.63M | 4.20M |
| Retained Earnings | -31.60M | -27.36M | -20.07M | -10.45M | -3.90M | -102.06K |
| Comprehensive Income & Other | 13.05K | 4.46K | -10.01K | -10.01K | -10.01K | -50.55K |
| Shareholders' Equity | 36.49M | 11.30M | 9.04M | 9.74M | 2.72M | 4.05M |
| Total Liabilities & Equity | 37.90M | 13.21M | 11.68M | 11.64M | 9.49M | 7.77M |
| Total Debt | 467.18K | 877.85K | 1.22M | 5.43M | 3.66M | |
| Net Cash (Debt) | 24.29M | 414.98K | -591.91K | 344.33K | -5.36M | -3.58M |
| Net Cash Per Share | 8.69 | 0.41 | -2.39 | 2.69 | -65.14 | -127.31 |
| Filing Date Shares Outstanding | 5.32M | 1.37M | 747.30K | 177.21K | 94.29K | 61.02K |
| Total Common Shares Outstanding | 5.32M | 1.01M | 355.90K | 172.48K | 94.29K | 61.02K |
| Working Capital | 23.48M | -785.90K | -2.03M | -156.04K | -4.96M | -3.39M |
| Book Value Per Share | 6.85 | 11.24 | 25.41 | 56.49 | 28.88 | 66.39 |
| Tangible Book Value | 36.49M | 11.30M | 9.04M | 9.74M | 2.72M | 4.05M |
| Tangible Book Value Per Share | 6.85 | 11.24 | 25.41 | 56.49 | 28.88 | 66.39 |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.96M | -7.28M | -9.63M | -6.54M | -3.80M | -408.26K |
| Depreciation & Amortization | 24.47K | 614.54K | 2.78K | 2.78K | 2.78K | 1.44K |
| Other Amortization | 271.48K | 603.45K | 2.09M | 473.24K | 1.22M | |
| Stock-Based Compensation | 3.42M | 2.69M | 2.27M | 1.04M | 6.20K | |
| Provision & Write-off of Bad Debts | 25.00K | |||||
| Other Operating Activities | 170.17K | 800.65K | 674.57K | 975.55K | 1.50M | 152.46K |
| Change in Accounts Receivable | -69.70K | -59.97K | ||||
| Change in Accounts Payable | 44.48K | 267.19K | 433.96K | 110.18K | 582.54K | 64.48K |
| Change in Other Net Operating Assets | -42.02K | -236.28K | 309.11K | -123.42K | -13.85K | -845.81K |
| Operating Cash Flow | -3.14M | -2.60M | -3.84M | -4.04M | -502.14K | -1.04M |
| Capital Expenditures | -96.25K | -881.09K | -1.17M | -4.11M | -1.20M | |
| Other Investing Activities | -8.12K | -97.48K | 81.50K | 1.92M | ||
| Investing Cash Flow | -104.37K | -978.56K | -1.09M | -2.19M | -1.20M | |
| Short-Term Debt Issued | 1.63M | 3.09M | 2.00M | 4.82M | ||
| Total Debt Issued | 1.02M | 1.63M | 3.09M | 2.00M | 4.82M | |
| Short-Term Debt Repaid | -787.11K | -352.77K | -1.47M | -2.92M | ||
| Total Debt Repaid | 861.00 | -787.11K | -352.77K | -1.47M | -2.92M | |
| Net Debt Issued (Repaid) | 1.02M | 838.89K | 2.74M | 527.49K | 1.90M | |
| Issuance of Common Stock | 26.01M | 3.46M | 1.17M | 8.55M | 60.54K | 2.55M |
| Other Financing Activities | -91.40K | -134.73K | -259.90K | -1.36M | -1.46M | |
| Financing Cash Flow | 26.93M | 4.17M | 3.65M | 7.71M | 496.92K | 2.55M |
| Foreign Exchange Rate Adjustments | 17.67K | 14.47K | ||||
| Net Cash Flow | 23.71M | 596.22K | -1.28M | 1.49M | -5.23K | 315.51K |
| Free Cash Flow | -3.24M | -3.49M | -5.01M | -8.15M | -502.14K | -2.24M |
| Free Cash Flow Margin | -380.14% | -874.23% | -2,350.86% | |||
| Free Cash Flow Per Share | -1.16 | -3.44 | -20.26 | -63.55 | -6.11 | -79.44 |
| Levered Free Cash Flow | -1.20M | -1.26M | -1.08M | -5.07M | -519.18K | |
| Unlevered Free Cash Flow | -1.30M | -1.49M | -1.85M | -5.05M | -699.40K | |
| Change in Working Capital | -67.24K | -29.06K | 743.07K | -13.24K | 568.70K | -781.33K |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.33M | 8.69M | 6.47M | 15.86M | ||
| Enterprise Value | -13.96M | 8.11M | 7.75M | 14.36M | ||
| Last Close Price | 1.94 | 9.27 | 23.02 | 96.81 | ||
| PS Ratio | 12.13 | 21.80 | 30.34 | |||
| PB Ratio | 0.28 | 0.77 | 0.71 | 1.63 | ||
| P/TBV Ratio | 0.28 | 0.77 | 0.71 | 1.63 | ||
| EV/Sales Ratio | 20.34 | 36.35 | ||||
| Debt / Equity Ratio | 0.04 | 0.10 | 0.12 | 1.99 | 0.90 | |
| Net Debt / Equity Ratio | -0.67 | -0.04 | 0.07 | -0.04 | 1.97 | 0.89 |
| Net Debt / EBITDA Ratio | 3.62 | 0.08 | -0.10 | 0.07 | -6.67 | -14.09 |
| Net Debt / FCF Ratio | 7.51 | 0.12 | -0.12 | 0.04 | -10.66 | -1.60 |
| Asset Turnover | 0.03 | 0.03 | 0.02 | |||
| Quick Ratio | 20.36 | 0.51 | 0.11 | 0.84 | 0.01 | 0.02 |
| Current Ratio | 20.55 | 0.58 | 0.22 | 0.92 | 0.26 | 0.08 |
| Return on Equity (ROE) | -29.07% | -71.58% | -102.49% | -104.99% | -112.21% | |
| Return on Assets (ROA) | -16.51% | -29.54% | -33.32% | -27.30% | -5.84% | |
| Return on Capital Employed (ROCE) | -18.30% | -51.80% | -68.40% | -47.10% | -29.00% | -6.20% |
| Earnings Yield | -128.39% | -83.76% | -148.81% | -41.25% | ||
| FCF Yield | -31.33% | -40.09% | -77.48% | -51.36% | ||
| Buyback Yield / Dilution | -343.22% | -309.51% | -92.92% | -55.97% | -192.10% |