For the quarter ending 2026-01-31, TPET made $122,193 in revenue. -$977,777 in net income. Net profit margin of -800.19%.
| Income Statement | 2026-01-31 | 2025-10-31 | 2024-10-31 | 2024-07-31 |
|---|---|---|---|---|
| Revenues, net | 122,193 | 99,683.5* | 24,048* | 63,052 |
| Cost of goods sold | 68,402 | 43,932.25* | - | - |
| Gross profit | 53,791 | 55,751.25* | - | - |
| Exploration expense | 19,690 | 11,398.5* | - | - |
| General and administrative expense | 751,824 | 704,406.5* | 750,174* | 1,321,961 |
| Stock-based compensation expense | 84,872 | 657,277.5* | 819,701* | 238,322 |
| Exploration expense | - | - | 153,254* | 8,054 |
| Accretion expense | 1,797 | 694.5* | 693* | 695 |
| Total operating expenses | 858,183 | 1,373,777* | 1,723,822* | 1,569,032 |
| Loss from operations | -804,392 | -1,318,025.75* | -1,699,774* | -1,505,980 |
| Licenses and fees | - | - | - | 4,210 |
| Loss on note conversion | - | - | 1,277,905* | - |
| Interest expense | 136,734 | 151,378.75* | 113,405* | 668,381 |
| Loss on abandonment of oil and gas properties | - | 152,940.75* | - | - |
| Loss on extinguishment | - | -22,334.75* | - | - |
| Loss on conversion | 71,503 | 178,063.25* | - | - |
| Gain on foreign currency translation | - | 2,210* | - | - |
| Total other expenses | -208,237 | -502,507.5* | -1,391,310* | -672,591 |
| Loss before income taxes | -1,012,629 | -1,820,533.25 | -3,091,084 | -2,178,571 |
| Net loss | -1,012,629 | -1,820,533.25* | -3,091,084 | -2,178,571 |
| Foreign currency translation adjustment | -34,852 | -3,617.75* | - | - |
| Comprehensive loss | -977,777 | -1,816,915.5 | - | - |
| Basic EPS | -0.1 | -0.199 | 0.067 | -0.04 |
| Diluted EPS | -0.1 | -0.199 | 0.067 | -0.04 |
| Basic Average Shares | 10,516,634 | 9,116,944 | -45,875,688 | 50,328,328 |
| Diluted Average Shares | 10,516,634 | 9,116,944 | -45,875,688 | 50,328,328 |
Trio Petroleum Corp (TPET)
Trio Petroleum Corp (TPET)