Trio Petroleum FY26 Q3 net loss widens 42.2% to $1.97 million; revenue climbs 81.2% to $348,581
TPET•Liquidity improves after ATM proceeds
Liquidity strengthened with working capital of USD 23.48 million at July 31, 2026, following USD 26.99 million of ATM gross proceeds.
Quarterly loss widens as revenue rises
Trio Petroleum posted a GAAP net loss of USD 1.97 million for the quarter ended July 31, 2026, widening 42.2% year over year.
Revenue rose 81.2% to USD 348,581, while operating loss widened to USD 2.11 million from higher operating expenses.
Expenses increase on stock-based compensation and Canadian activity
Stock-based compensation jumped to USD 1.25 million from one-time restricted share grants; general and administrative expense climbed 37.4% to USD 922,944.
Gross profit increased 15.2% to USD 108,153; cost of goods sold rose 144.1% to USD 240,428 on expanded Canadian activity.
