Trio Petroleum Corp. (TPET) Income Statement
TPET FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsTPET revenue and net income
Where TPET's revenue goes
FY2025Each bar shows an amount and its share of revenue. TPET kept −1,826.3% of revenue as net income.
TPET profit margins
TPET growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +87.0% | — | — | — |
| Gross profit | −17.0% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TPET quarterly EPS vs estimates
TPET income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $398,734 | $213,204 | $0 | $0 | $0 |
| Cost of revenue | $224,101 | $2,778 | — | $2,778 | $359 |
| Gross profit | $174,633 | $210,426 | — | −$2,778 | −$359 |
| Sales, general & admin | $2.8M | $6.0M | $3.3M | $774,581 | — |
| Total operating expenses | $5.4M | $6.4M | $4.6M | $803,250 | $63,589 |
| Operating income | −$5.3M | −$6.2M | −$4.6M | −$806,028 | −$63,949 |
| Interest expense | $605,515 | $2.1M | $791,811 | $1.7M | $38,115 |
| Income before taxes | −$7.3M | −$9.6M | −$6.5M | −$3.8M | −$102,064 |
| Income taxes | — | −$167,895 | — | $1.7M | $3 |
| Net income | −$7.3M | −$9.6M | −$6.5M | −$3.8M | −$102,064 |
| EBITDA | −$6.7M | −$7.5M | −$4.6M | −$2.1M | −$63,590 |
| EPS (diluted) | −$0.88 | −$40.08 | −$37.15 | −$0.04 | −$0.80 |
| Gross margin | 43.8% | 98.7% | — | — | — |
| Operating margin | −1,322.2% | −2,916.3% | — | — | — |
| Net margin | −1,826.3% | −4,515.3% | — | — | — |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $348,581 | $208,257 | $122,193 | $172,249 | $192,395 | $23,271 | $10,819 | $77,229 | $63,052 | $72,923 | $0 | $0 |
| Cost of revenue | $295,857 | $314,320 | $89,889 | $78,650 | $98,489 | $9,262 | $695 | $694 | $695 | $694 | $695 | $694 |
| Gross profit | $52,724 | −$106,063 | $32,304 | $93,599 | $93,906 | $14,009 | $10,819 | $76,535 | $62,357 | $72,229 | −$695 | −$694 |
| Sales, general & admin | $922,944 | $1.3M | $751,824 | $2.6M | $768,503 | $871,133 | $1.2M | $1.4M | $1.6M | $2.0M | $1.4M | $1.2M |
| Total operating expenses | $2.2M | $1.3M | $836,696 | $2.6M | $768,932 | $882,988 | $1.2M | $1.4M | $1.6M | $2.0M | $1.4M | $1.3M |
| Operating income | −$2.1M | −$1.4M | −$804,392 | −$2.5M | −$675,026 | −$868,979 | −$1.2M | −$1.3M | −$1.5M | −$1.9M | −$1.4M | −$1.3M |
| Interest expense | $2,119 | $22,385 | $136,734 | $109,443 | $147,552 | $30,154 | $318,366 | $308,178 | $668,381 | $982,691 | $159,298 | $44,881 |
| Income before taxes | −$2.0M | −$1.4M | −$1.0M | −$2.7M | −$1.4M | −$1.6M | −$1.6M | −$1.7M | −$2.2M | −$4.0M | −$1.7M | −$1.3M |
| Income taxes | — | — | — | — | — | — | −$1.6M | −$1.1M | $668,381 | $982,691 | $159,298 | — |
| Net income | −$2.0M | −$1.4M | −$1.0M | −$2.7M | −$1.4M | −$1.6M | −$1.6M | −$1.7M | −$2.2M | −$4.0M | −$1.7M | −$1.3M |
| EBITDA | −$2.1M | −$1.3M | −$738,398 | −$2.6M | −$1.2M | −$1.5M | −$1.3M | −$1.4M | −$1.5M | −$3.1M | −$1.5M | −$1.3M |
| EPS (diluted) | −$0.39 | −$0.44 | −$0.87 | −$0.16 | −$0.17 | −$0.22 | −$0.33 | −$4.78 | −$7.79 | −$17.82 | −$9.69 | −$7.65 |
| Gross margin | 15.1% | −50.9% | 26.4% | 54.3% | 48.8% | 60.2% | 100.0% | 99.1% | 98.9% | 99.0% | — | — |
| Operating margin | −605.5% | −674.5% | −658.3% | −1,458.1% | −350.9% | −3,734.2% | −11,243.7% | −1,713.0% | −2,388.5% | −2,672.1% | — | — |
| Net margin | −565.6% | −656.6% | −828.7% | −1,576.9% | −720.8% | −6,719.7% | −14,932.3% | −2,201.6% | −3,455.2% | −5,548.2% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TPET's financial statements (latest annual report filed January 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TPET financial results
In fiscal year 2025 (ended October 31, 2025), Trio Petroleum reported revenue of $0.4 million, up 87.0% from the year before. It had a net loss of $7.3 million, a net profit margin of −1,826.3%. Diluted earnings per share came to −$0.88.
See the TPET stock overview for the latest quote and news, or the TPET chart for price history and technical indicators.
TPET income statement FAQ
What is Trio Petroleum's annual revenue?
Trio Petroleum reported total revenue of $0.4 million for fiscal year 2025, which ended on October 31, 2025. That was up 87.0% from $0.2 million the previous year.
Is Trio Petroleum profitable?
No. Trio Petroleum reported a net loss of $7.3 million in fiscal 2025, a net profit margin of −1,826.3%; its operating margin was −1,322.2%.
What is Trio Petroleum's gross margin?
Trio Petroleum's gross margin was 43.8% in fiscal 2025: for every $100 of revenue, Trio Petroleum kept $44 after the direct cost of its products and services.
What are Trio Petroleum's earnings per share?
Trio Petroleum earned $-0.88 per diluted share in fiscal 2025, compared with $-40.08 a year earlier.
When does Trio Petroleum's fiscal year end?
Trio Petroleum's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on January 20, 2026.