Trio Petroleum Corp income statement

In fiscal 2025, Trio Petroleum Corp reported revenue of $398,734, up 87.0% on the year before, operating income of −$5.3m (a -1322.2% margin) and net income of −$7.3m, or −$0.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Trio Petroleum Corp: income statement, annual
Fiscal year	2024Oct 2024	2025Oct 2025	LTMJul 2026
Revenue	213	399	851
Cost of revenue	—	176	691
Gross profit	213	223	160
General and administrative	4,716	2,818	—
Operating income	−6,218	−5,272	−6,831
Interest expense	2,119	606	271
Net interest income	—	28	—
Income before tax	−9,627	−7,282	−7,068
Net income	−9,627	−7,282	−6,963
Diluted EPS	−$1.08	−$0.80	—
Diluted shares (average)	9m	9m	—

US$ thousands unless shown otherwise. Fiscal quarters.

Trio Petroleum Corp: income statement, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Revenue	77	11	23	192	172	122	208	349
Cost of revenue	—	—	9	98	68	68	314	240
Gross profit	77	11	14	94	104	54	−106	108
Selling, general and administrative	—	—	—	—	—	—	105	—
General and administrative	957	712	755	672	679	752	—	—
Operating income	−1,308	−1,216	−869	−675	−2,512	−804	−1,405	−2,111
Interest expense	308	318	30	148	109	137	22	2
Income before tax	−1,700	−1,616	−1,564	−1,387	−2,716	−1,013	−1,367	−1,971
Net income	−1,700	−1,616	−1,564	−1,387	−2,716	−1,013	−1,262	−1,971
Diluted EPS	−$0.48	−$0.33	−$0.22	−$1.57	$5.37	−$0.90	−$0.45	−$0.39

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Trio Petroleum Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Trio Petroleum Corp.