Trio Petroleum (TPET) Income Statement

Trio Petroleum reported revenue of $398.73K in fiscal 2025 (fiscal year ended Oct 31, 2025), up 87.0% from $213.20K a year earlier. Trio Petroleum posted a net loss of $7.28M, compared with a net loss of $9.63M a year earlier. Gross margin was 55.9% and operating margin -1322.2%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 31, 2026), revenue was $348.58K, up 81.2% from the same quarter a year earlier.

Trio Petroleum Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Trio Petroleum Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Revenue & Gross Profit
Revenue	0.40	0.21	0.00	0.00	0.00
Cost of Revenue	0.18	0.00	0.00	0.00	0.00
Gross Profit	0.22	0.21	0.00	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	5.45	6.25	4.61	0.80	0.06
Operating Expenses	5.50	6.43	4.61	0.80	0.06
Operating Income	-5.27	-6.22	-4.61	-0.81	-0.06
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.61	-2.12	0.79	1.66	0.04
Other Income/Expense	-1.40	-3.41	-1.93	-2.99	-0.04
Income
Income Before Tax	-7.28	-9.63	-6.54	-3.80	-0.10
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-7.28	-9.63	-6.54	-3.80	-0.10
Net Income - Continuous Operations	-7.28	-9.63	-6.54	-3.80	-0.10
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	-6.68	-6.21	-5.75	-2.14	-0.06
EBIT	-6.68	-6.22	-4.61	-2.14	-0.26
Depreciation & Amortization	0.61	0.00	0.00	0.00	0.00
Earnings Per Share
Basic EPS	-7.00	-39.00	-51.00	-30.00	-1.00
Diluted EPS	-7.00	-4.00	-51.00	-30.00	-1.00
Basic Shares Outstanding	1.01	0.25	0.13	0.13	0.13
Diluted Shares Outstanding	1.01	0.25	0.13	0.13	0.13

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Trio Petroleum Financial Statements

What was Trio Petroleum's revenue in fiscal 2025?

Trio Petroleum reported revenue of $398.73K in fiscal 2025 (fiscal year ended Oct 31, 2025). That was up 87.0% from $213.20K a year earlier.

Is Trio Petroleum profitable?

No. Trio Petroleum reported a net loss of $7.28M in fiscal 2025. In fiscal 2024 it lost $9.63M.

What is Trio Petroleum's operating margin?

Trio Petroleum's operating income was −$5.27M on revenue of $398.73K in fiscal 2025, an operating margin of -1322.2%, compared with -2916.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition