Trio Petroleum Corp. (TPET) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5401 BUSINESS PARK, SUITE 115 BAKERSFIELD, CA 93309 |
| State of Incorp. | DE |
| Fiscal Year End | October 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 4/30/2025 MRQ | 10/31/2024 | 10/31/2023 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 286 | 1,562 | |||
| Cash and cash equivalent | 286 | 1,562 | |||
| Receivables | |||||
| Prepaid expense | 279 | 133 | |||
| Total current assets: | 565 | 1,695 | |||
| Noncurrent Assets | |||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 11,119 | 9,948 | |||
| Total noncurrent assets: | 11,119 | 9,948 | |||
| TOTAL ASSETS: | 11,684 | 11,643 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 1,036 | 609 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,036 | 609 | |||
| Debt | 1,218 | ||||
| Postemployment benefits liability | 3 | 3 | |||
| Asset retirement obligation | 3 | 3 | |||
| Other liabilities | 455 | ||||
| Other undisclosed current liabilities | 1,094 | 19 | |||
| Total current liabilities: | 2,591 | 1,851 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 51 | 48 | |||
| Asset retirement obligations | 51 | 48 | |||
| Total noncurrent liabilities: | 51 | 48 | |||
| Total liabilities: | 2,642 | 1,900 | |||
| Equity | |||||
| Equity, attributable to parent | 9,043 | 9,743 | |||
| Common stock | 0 | 3 | |||
| Additional paid in capital | 29,126 | 20,197 | |||
| Accumulated other comprehensive income | |||||
| Accumulated deficit | (20,074) | (10,447) | |||
| Stockholders' equity note, subscriptions receivable | (10) | (10) | |||
| Total equity: | 9,043 | 9,743 | |||
| TOTAL LIABILITIES AND EQUITY: | 11,684 | 11,643 | |||
Income Statement (P&L) ($ in thousands)
| 4/30/2025 TTM | 10/31/2024 | 10/31/2023 | ||
|---|---|---|---|---|
| Revenues | 213 | |||
| Cost of revenue (Other undisclosed Cost of revenue) | ||||
| Gross profit: | 213 | |||
| Operating expenses | (6,431) | (4,611) | ||
| Operating loss: | (6,218) | (4,611) | ||
| Nonoperating expense | (3,409) | (1,934) | ||
| Interest and debt expense | (2,119) | (792) | ||
| Loss from continuing operations before equity method investments, income taxes: | (11,745) | (7,336) | ||
| Other undisclosed income from continuing operations before income taxes | 2,119 | 792 | ||
| Net loss available to common stockholders, diluted: | (9,627) | (6,544) | ||
Comprehensive Income ($ in thousands)
| 4/30/2025 TTM | 10/31/2024 | 10/31/2023 | ||
|---|---|---|---|---|
| Net loss: | (9,627) | (6,544) | ||
| Other comprehensive income | ||||
| Comprehensive loss, net of tax, attributable to parent: | (9,627) | (6,544) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.