In fiscal 2025, which ended Oct 31, 2025, Trio Petroleum Corp reported revenue of $398,734, up 87.0% from the year before. It recorded a net loss of $7.3 million. The operating loss came to $5.3 million, an operating margin of -1322.2%. Diluted earnings per share were -$0.80. Over the twelve months ended Jul 31, 2026, revenue was $851,280 and the net loss was $7.0 million.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jul 31, 2026
|
FY 2025
Oct 31, 2025
|
FY 2024
Oct 31, 2024
|
FY 2023
Oct 31, 2023
|
|---|---|---|---|---|
| Revenue |
1
+180.3%
|
0
+87.0%
|
0
|
—
|
| Cost of revenue |
1
|
0
|
—
|
—
|
| Gross profit |
0
|
0
|
—
|
—
|
| Selling, general and administrative |
—
|
3
-40.3%
|
5
+42.2%
|
3
|
| Operating income |
-7
-65.3%
|
-5
+15.2%
|
-6
-34.7%
|
-5
|
| Foreign currency gain (loss) |
-0
|
0
|
—
|
—
|
| Other income (expense) |
-0
+89.3%
|
-2
+41.0%
|
-3
-76.6%
|
-2
|
| Pretax income |
-7
-11.1%
|
-7
+24.4%
|
-10
-47.1%
|
-7
|
| Net income |
-7
-11.1%
|
-7
+24.4%
|
-10
-47.1%
|
-7
|
| Basic EPS |
-0.64
+87.4%
|
-0.80
+81.5%
|
-4.32
+23.8%
|
-5.67
|
| Diluted EPS |
-0.64
+87.4%
|
-0.80
+81.5%
|
-4.32
+23.8%
|
-5.67
|
| Weighted average shares, basic |
11
+778.9%
|
9
+309.5%
|
2
+92.9%
|
1
|
| Weighted average shares, diluted |
11
+778.9%
|
9
+309.5%
|
2
+92.9%
|
1
|
| Other measures | ||||
| Interest coverage |
-24.85x
|
-8.71x
|
-2.93x
|
—
|
| Margins | ||||
| Gross margin |
18.81%
|
55.93%
|
—
|
—
|
| Operating margin |
-790.16%
|
-1,322.21%
|
-2,916.32%
|
—
|
| Pretax margin |
-817.90%
|
-1,826.31%
|
-4,515.30%
|
—
|
| Profit margin |
-817.90%
|
-1,826.31%
|
-4,515.30%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- TPET (NYSE)
- Fiscal year ends
- October 31
- Incorporated in
- DE
- Headquarters
- Boca Raton, FL
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1898766
- Former names
- Trio Petroleum Corp. (until Sep 9, 2025)
Other Crude Petroleum & Natural Gas companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.