Trio Petroleum FY26 Q3 net loss widens 42.2% to $1.97 million; revenue climbs 81.2% to $348,581

Reuters2026/09/09 13:04

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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.
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.
Liquidity strengthened with working capital of USD 23.48 million at July 31, 2026, following USD 26.99 million of ATM gross proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trio Petroleum Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041903), on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Trio Petroleum FY26 Q3 net loss widens 42.2% to $1.97 million; revenue climbs 81.2% to $348,581

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