TRIO PETROLEUM CORP Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
TRIO PETROLEUM CORP has an operating margin of -1322.2%, meaning the company retains $-1322 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 up from -2916.3% the prior year.
TRIO PETROLEUM CORP's revenue surged 87.0% year-over-year to $399K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
TRIO PETROLEUM CORP carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
TRIO PETROLEUM CORP's current ratio of 0.58 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.
TRIO PETROLEUM CORP passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, TRIO PETROLEUM CORP generates $0.36 in operating cash flow (-$2.6M OCF vs -$7.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
TRIO PETROLEUM CORP earns $-8.7 in operating income for every $1 of interest expense (-$5.3M vs $606K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows TRIO PETROLEUM CORP (TPET) 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).
Key Financial Metrics
TRIO PETROLEUM CORP generated $399K in revenue in fiscal year 2025. This represents an increase of 87.0% from the prior year.
TRIO PETROLEUM CORP reported -$7.3M in net income in fiscal year 2025. This represents an increase of 24.4% from the prior year.
TRIO PETROLEUM CORP earned $-0.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 81.5% from the prior year.
TRIO PETROLEUM CORP held $882K in cash against $0 in long-term debt as of fiscal year 2025.
TRIO PETROLEUM CORP had 12M shares outstanding in fiscal year 2025. This represents an increase of 82.9% from the prior year.
TRIO PETROLEUM CORP's gross margin was 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 44.1 percentage points from the prior year.
TRIO PETROLEUM CORP's operating margin was -1322.2% in fiscal year 2025, reflecting core business profitability. This is up 1594.1 percentage points from the prior year.
TRIO PETROLEUM CORP's net profit margin was -1826.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2689.0 percentage points from the prior year.
TPET Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $192K+726.8% | $23K+115.1% | $11K-82.8% | $63K-13.5% | $73K | N/A | N/A | N/A |
| Cost of Revenue | $98K+963.4% | $9K | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $94K+570.3% | $14K | N/A | $63K-13.5% | $73K | 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 | $672K-11.1% | $755K+6.2% | $712K-46.3% | $1.3M-10.1% | $1.5M+26.0% | $1.2M+27.3% | $920K+640.6% | $124K |
| Operating Income | -$675K+22.3% | -$869K+28.6% | -$1.2M+19.5% | -$1.5M+22.5% | -$1.9M+9.7% | -$2.2M-112.2% | -$1.0M-513.5% | -$166K |
| Interest Expense | $148K+389.3% | $30K-90.5% | $318K-52.4% | $668K-32.0% | $983K | N/A | $94K-85.5% | $653K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.4M+11.3% | -$1.6M+3.2% | -$1.6M+25.8% | -$2.2M+46.2% | -$4.0M-86.4% | -$2.2M+2.9% | -$2.2M-173.3% | -$818K |
| EPS (Diluted) | $-0.17+22.7% | $-0.22+33.3% | $-0.33+62.1% | $-0.87+56.1% | $-1.98-2375.0% | $-0.08+33.3% | $-0.12-140.0% | $-0.05 |
TPET Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.2M-4.0% | $13.8M+4.2% | $13.2M+13.1% | $11.7M-1.1% | $11.8M+1.5% | $11.6M+5.7% | $11.0M | N/A |
| Current Assets | $1.1M-38.4% | $1.7M-13.7% | $2.0M+256.5% | $565K-29.8% | $805K-52.5% | $1.7M-26.4% | $2.3M | N/A |
| Cash & Equivalents | $882K-39.5% | $1.5M-25.7% | $2.0M+585.9% | $286K+29.6% | $221K-85.9% | $1.6M | $0-100.0% | $113K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $60K+90.0% | $32K | 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 | $1.9M-17.8% | $2.3M+52.9% | $1.5M-42.5% | $2.6M+27.7% | $2.1M+8.9% | $1.9M+55.5% | $1.2M | N/A |
| Current Liabilities | $1.9M-18.2% | $2.3M+54.7% | $1.5M-43.3% | $2.6M+28.3% | $2.0M+9.0% | $1.9M+58.1% | $1.2M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $11.3M-1.3% | $11.4M-2.1% | $11.7M+29.3% | $9.0M-7.2% | $9.7M0.0% | $9.7M-0.5% | $9.8M+322.3% | $2.3M |
| Retained Earnings | -$27.4M-17.6% | -$23.3M-7.2% | -$21.7M-8.0% | -$20.1M-24.0% | -$16.2M-55.0% | -$10.4M-50.2% | -$7.0M | N/A |
TPET Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$589K+20.4% | -$740K+19.6% | -$920K+76.8% | -$4.0M-371.8% | $1.5M+197.5% | -$1.5M-156.0% | -$584K-168.5% | -$217K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$12K+95.9% | -$293K-82.1% | -$161K-430.3% | $49K+109.8% | -$496K-28.5% | -$386K | N/A | N/A |
| Financing Cash Flow | $915K+85.2% | $494K-82.1% | $2.8M-29.4% | $3.9M+458.4% | -$1.1M-156.3% | $1.9M-46.7% | $3.6M+1315.9% | $256K |
| 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 |
TPET Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.8%-11.4pp | 60.2% | N/A | 100.0%0.0pp | 100.0% | N/A | N/A | N/A |
| Operating Margin | -350.9%+3383.3pp | -3734.2%+7509.5pp | -11243.7%-8848.6pp | -2395.2%+277.0pp | -2672.1% | N/A | N/A | N/A |
| Net Margin | -720.8%+5999.0pp | -6719.8%+8212.6pp | -14932.3%-11477.1pp | -3455.2%+2093.0pp | -5548.2% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -10.6%+0.7pp | -11.4%+0.9pp | -12.2%+6.4pp | -18.6%+15.6pp | -34.3%-14.8pp | -19.4%+0.9pp | -20.3% | N/A |
| Current Ratio | 0.58-0.2 | 0.77-0.6 | 1.37+1.2 | 0.22-0.2 | 0.40-0.5 | 0.92-1.1 | 1.97 | N/A |
| Debt-to-Equity | 0.17-0.0 | 0.20+0.1 | 0.13-0.2 | 0.29+0.1 | 0.21+0.0 | 0.20+0.1 | 0.12 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.58), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is TRIO PETROLEUM CORP's annual revenue?
TRIO PETROLEUM CORP (TPET) reported $399K in total revenue for fiscal year 2025. This represents a 87.0% 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 TRIO PETROLEUM CORP's revenue growing?
TRIO PETROLEUM CORP (TPET) revenue grew by 87% year-over-year, from $213K to $399K in fiscal year 2025.
Is TRIO PETROLEUM CORP profitable?
No, TRIO PETROLEUM CORP (TPET) reported a net income of -$7.3M in fiscal year 2025, with a net profit margin of -1826.3%.
What is TRIO PETROLEUM CORP's earnings per share (EPS)?
TRIO PETROLEUM CORP (TPET) reported diluted earnings per share of $-0.80 for fiscal year 2025. This represents a 81.5% 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 TRIO PETROLEUM CORP's gross margin?
TRIO PETROLEUM CORP (TPET) had a gross margin of 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is TRIO PETROLEUM CORP's operating margin?
TRIO PETROLEUM CORP (TPET) had an operating margin of -1322.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TRIO PETROLEUM CORP's net profit margin?
TRIO PETROLEUM CORP (TPET) had a net profit margin of -1826.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is TRIO PETROLEUM CORP's operating cash flow?
TRIO PETROLEUM CORP (TPET) generated -$2.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TRIO PETROLEUM CORP's total assets?
TRIO PETROLEUM CORP (TPET) had $13.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does TRIO PETROLEUM CORP have outstanding?
TRIO PETROLEUM CORP (TPET) had 12M shares outstanding as of fiscal year 2025.
What is TRIO PETROLEUM CORP's current ratio?
TRIO PETROLEUM CORP (TPET) had a current ratio of 0.58 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is TRIO PETROLEUM CORP's debt-to-equity ratio?
TRIO PETROLEUM CORP (TPET) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TRIO PETROLEUM CORP's return on assets (ROA)?
TRIO PETROLEUM CORP (TPET) had a return on assets of -55.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TRIO PETROLEUM CORP's cash runway?
Based on fiscal year 2025 data, TRIO PETROLEUM CORP (TPET) had $882K in cash against an annual operating cash burn of $2.6M. This gives an estimated cash runway of approximately 4 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 TRIO PETROLEUM CORP's Piotroski F-Score?
TRIO PETROLEUM CORP (TPET) has a Piotroski F-Score of 3 out of 9, indicating weak 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 TRIO PETROLEUM CORP's earnings high quality?
TRIO PETROLEUM CORP (TPET) has an earnings quality ratio of 0.36x, 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 TRIO PETROLEUM CORP cover its interest payments?
TRIO PETROLEUM CORP (TPET) has an interest coverage ratio of -8.7x, 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 TRIO PETROLEUM CORP?
TRIO PETROLEUM CORP (TPET) scores 51 out of 100 on our Financial Profile, indicating moderate 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.