Permex Petroleum Corporation Financials
This page shows Permex Petroleum Corporation (OILCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Permex Petroleum Corporation has an operating margin of -2602.1%, meaning the company retains $-2602 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -577.7% the prior year.
Permex Petroleum Corporation's revenue declined 83.2% year-over-year, from $689K to $116K. This contraction results in a growth score of 0/100.
Permex Petroleum Corporation has a moderate D/E ratio of 1.94. This balance of debt and equity financing earns a leverage score of 39/100.
Permex Petroleum Corporation's current ratio of 0.23 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Permex Petroleum Corporation generated -$2.3M in operating cash flow, capex of $3K consumed most of it, leaving -$2.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Permex Petroleum Corporation passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Permex Petroleum Corporation generates $0.57 in operating cash flow (-$2.3M OCF vs -$4.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Permex Petroleum Corporation earns $-6.2 in operating income for every $1 of interest expense (-$3.0M vs $483K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Permex Petroleum Corporation generated $116K in revenue in fiscal year 2024. This represents a decrease of 83.2% from the prior year.
Permex Petroleum Corporation's EBITDA was -$2.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.2% from the prior year.
Permex Petroleum Corporation generated -$2.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 38.8% from the prior year.
Permex Petroleum Corporation reported -$4.0M in net income in fiscal year 2024. This represents a decrease of 1.3% from the prior year.
Permex Petroleum Corporation earned $-7.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 17.9% from the prior year.
Permex Petroleum Corporation held $1.5M in cash against $0 in long-term debt as of fiscal year 2024.
Permex Petroleum Corporation had 551,503 shares outstanding in fiscal year 2024. This represents a decrease of 75.0% from the prior year.
Permex Petroleum Corporation's operating margin was -2602.1% in fiscal year 2024, reflecting core business profitability. This is down 2024.3 percentage points from the prior year.
Permex Petroleum Corporation's net profit margin was -3438.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2866.1 percentage points from the prior year.
Permex Petroleum Corporation invested $3K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 99.8% from the prior year.
OILCF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $110K-62.8% | $296K+133.4% | $127K+4646.6% | $3K-91.3% | $31K-41.9% | $53K-66.2% | $157K-13.1% | $181K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $373K-61.8% | $978K-23.3% | $1.3M+102.4% | $630K+74.4% | $361K-47.2% | $684K-13.3% | $789K-22.0% | $1.0M |
| Operating Income | -$407K+51.5% | -$839K+42.1% | -$1.4M-119.1% | -$662K-57.2% | -$421K+44.1% | -$753K+17.5% | -$912K+18.2% | -$1.1M |
| Interest Expense | $536K+13.1% | $474K+60.0% | $296K+204.5% | $97K | N/A | $1K0.0% | $1K-13.2% | $1K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$961K+26.8% | -$1.3M+28.2% | -$1.8M-46.4% | -$1.2M-200.6% | -$415K+44.8% | -$752K+17.3% | -$910K+18.2% | -$1.1M |
| EPS (Diluted) | $-1.74+26.9% | $-2.38+28.3% | $-3.32-46.9% | $-2.26-201.3% | $-0.75+44.9% | $-1.36 | $-2.96-28.7% | $-2.30 |
OILCF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.9M+15.5% | $11.2M-2.0% | $11.4M-5.4% | $12.1M+13.8% | $10.6M-1.3% | $10.7M-1.9% | $10.9M-1.9% | $11.2M |
| Current Assets | $2.4M+271.9% | $643K-25.9% | $868K-49.1% | $1.7M+1872.0% | $86K-54.4% | $190K-34.2% | $288K-43.7% | $512K |
| Cash & Equivalents | $2.1M+724.3% | $253K-63.3% | $691K-54.4% | $1.5M+32001.6% | $5K-85.3% | $32K-61.3% | $83K-53.1% | $176K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.0M+32.4% | $8.3M+15.0% | $7.2M-9.4% | $8.0M+73.2% | $4.6M+6.4% | $4.3M+14.4% | $3.8M+21.3% | $3.1M |
| Current Liabilities | $10.5M+34.0% | $7.9M+15.7% | $6.8M-10.1% | $7.6M+77.2% | $4.3M+7.2% | $4.0M+16.1% | $3.4M+25.0% | $2.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.9M-33.2% | $2.9M-31.2% | $4.2M+2.4% | $4.1M-31.6% | $6.0M-6.5% | $6.4M-10.5% | $7.2M-10.9% | $8.0M |
| Retained Earnings | -$20.3M-5.0% | -$19.3M-7.3% | -$18.0M-11.3% | -$16.2M-21.1% | -$13.4M-3.2% | -$13.0M-6.2% | -$12.2M-14.2% | -$10.7M |
OILCF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$170K+60.9% | -$435K+64.8% | -$1.2M-6.4% | -$1.2M-4157.2% | -$27K+82.5% | -$156K+56.7% | -$360K+70.3% | -$1.2M |
| Capital Expenditures | -$5K-291.2% | $3K-98.6% | $188K | N/A | N/A | N/A | $195K-35.6% | $303K |
| Free Cash Flow | -$175K+60.0% | -$437K+69.3% | -$1.4M | N/A | N/A | N/A | -$555K+63.4% | -$1.5M |
| Investing Cash Flow | $5K+291.2% | -$3K+98.6% | -$188K-5727.1% | -$3K | $0-100.0% | $70K+135.8% | -$195K+35.6% | -$303K |
| Financing Cash Flow | $2.0M | $0-100.0% | $602K-73.3% | $2.3M | $0-100.0% | $35K+127.7% | -$126K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OILCF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -370.5%-86.9pp | -283.6%+859.7pp | -1143.3%+23628.7pp | -24772.0%-23408.3pp | -1363.7%+54.3pp | -1418.0%-836.9pp | -581.1%+36.4pp | -617.5% |
| Net Margin | -874.3%-430.6pp | -443.8%+998.7pp | -1442.4%+45309.9pp | -46752.3%-45406.8pp | -1345.5%+70.1pp | -1415.6%-836.3pp | -579.3%+35.9pp | -615.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.4%+4.3pp | -11.7%+4.3pp | -16.0%-4.7pp | -11.3%-7.4pp | -3.9%+3.1pp | -7.0%+0.8pp | -7.8%+2.2pp | -10.0% |
| Current Ratio | 0.23+0.1 | 0.08-0.0 | 0.13-0.1 | 0.23+0.2 | 0.02-0.0 | 0.05-0.0 | 0.08-0.1 | 0.19 |
| Debt-to-Equity | 5.69+2.8 | 2.87+1.2 | 1.72-0.2 | 1.94+1.2 | 0.77+0.1 | 0.67+0.1 | 0.53+0.1 | 0.39 |
| FCF Margin | -159.0%-11.2pp | -147.8%+975.7pp | -1123.5% | N/A | N/A | N/A | -63.7%+776.2pp | -840.0% |
Note: The current ratio is below 1.0 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Permex Petroleum Corporation's annual revenue?
Permex Petroleum Corporation (OILCF) reported $116K in total revenue for fiscal year 2024. This represents a -83.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Permex Petroleum Corporation's revenue growing?
Permex Petroleum Corporation (OILCF) revenue declined by 83.2% year-over-year, from $689K to $116K in fiscal year 2024.
Is Permex Petroleum Corporation profitable?
No, Permex Petroleum Corporation (OILCF) reported a net income of -$4.0M in fiscal year 2024, with a net profit margin of -3438.0%.
What is Permex Petroleum Corporation's earnings per share (EPS)?
Permex Petroleum Corporation (OILCF) reported diluted earnings per share of $-7.23 for fiscal year 2024. This represents a 17.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Permex Petroleum Corporation's EBITDA?
Permex Petroleum Corporation (OILCF) had EBITDA of -$2.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Permex Petroleum Corporation's operating margin?
Permex Petroleum Corporation (OILCF) had an operating margin of -2602.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Permex Petroleum Corporation's net profit margin?
Permex Petroleum Corporation (OILCF) had a net profit margin of -3438.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Permex Petroleum Corporation's free cash flow?
Permex Petroleum Corporation (OILCF) generated -$2.3M in free cash flow during fiscal year 2024. This represents a 38.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Permex Petroleum Corporation's operating cash flow?
Permex Petroleum Corporation (OILCF) generated -$2.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Permex Petroleum Corporation's total assets?
Permex Petroleum Corporation (OILCF) had $12.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Permex Petroleum Corporation's capital expenditures?
Permex Petroleum Corporation (OILCF) invested $3K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Permex Petroleum Corporation have outstanding?
Permex Petroleum Corporation (OILCF) had 551,503 shares outstanding as of fiscal year 2024.
What is Permex Petroleum Corporation's current ratio?
Permex Petroleum Corporation (OILCF) had a current ratio of 0.23 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Permex Petroleum Corporation's debt-to-equity ratio?
Permex Petroleum Corporation (OILCF) had a debt-to-equity ratio of 1.94 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Permex Petroleum Corporation's return on assets (ROA)?
Permex Petroleum Corporation (OILCF) had a return on assets of -33.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Permex Petroleum Corporation's cash runway?
Based on fiscal year 2024 data, Permex Petroleum Corporation (OILCF) had $1.5M in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Permex Petroleum Corporation's Piotroski F-Score?
Permex Petroleum Corporation (OILCF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Permex Petroleum Corporation's earnings high quality?
Permex Petroleum Corporation (OILCF) has an earnings quality ratio of 0.57x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Permex Petroleum Corporation cover its interest payments?
Permex Petroleum Corporation (OILCF) has an interest coverage ratio of -6.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Permex Petroleum Corporation?
Permex Petroleum Corporation (OILCF) scores 8 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.