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Trio Petroleum cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow−$397K in Q3 FY26 · −$3.2M over twelve months

Operating cash flow−$397K
Free cash flow−$397K
Cash conversion cycle-177 days

Analysis

In Q3 FY26, Trio Petroleum generated −$397K of operating cash flow. That is $454K more than in Q3 FY25 (−$851K).

Over the twelve months to Jul 31, 2026, operating cash flow was −$3.1M; the largest uses were operating cash flow ($3.1M), capital spending ($96K), other investing ($8K); besides operations, cash came from shares issued ($26.0M), other financing ($929K); the cash balance rose by $23.7M.

Operating cash flow was −$397K against net income of −$2.0M. The largest differences: stock-based pay +$1.3M, payables +$227K, receivables −$53K.

Its cash conversion cycle was -177 days (receivables 35 + inventory 0 − payables 212): suppliers fund its working capital.

Free cash flow

Trio Petroleum: free cash flow by quarterTrio Petroleum: free cash flow by quarter−$4.0MQ4 FY24−$999KQ1 FY25−$1.1MQ2 FY25−$851KQ3 FY25−$577KQ4 FY25−$589KQ1 FY26−$1.6MQ2 FY26−$397KQ3 FY26
Operating cash flow less capital spending.
Trio Petroleum: operating cash flow against capital spendingTrio Petroleum: operating cash flow against capital spendingOperating cash flowCapital spending−$4.0M$36KQ4 FY24−$920K$78KQ1 FY25−$740K$319KQ2 FY25−$355K$496KQ3 FY25−$589K−$12KQ4 FY25−$534K$55KQ1 FY26−$1.6M$142Q2 FY26−$397K$0Q3 FY26
Latest (Q3 FY26): Operating cash flow −$397K, Capital spending $0.

Capital allocation, year by year

Trio Petroleum: where the cash came from (up) and went (down), by fiscal yearTrio Petroleum: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY22: Operating cash flow −$502KFY22: Shares issued $61K$61KFY22FY23: Operating cash flow −$4.0MFY23: Net borrowing $527KFY23: Shares issued $739KFY23: Asset sales $1.9MFY23: Capital spending −$362K$3.2MFY23FY24: Operating cash flow −$3.8MFY24: Net borrowing $2.3MFY24: Shares issued $1.2MFY24: Capital spending −$1.2M$3.5MFY24FY25: Operating cash flow −$2.6MFY25: Net borrowing $839KFY25: Shares issued $3.5MFY25: Capital spending −$881K$4.3MFY25
Over these 4 years operating cash flow totalled −$11.0M; the largest uses were operating cash flow ($11.0M) and capital spending ($2.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$23.2M
Debtnone
Net cash$23.2M
Cash runway7.2 years

Trio Petroleum is burning cash: its operations consume cash, a free cash flow of −$3.2M a year at the current rate against $23.2M of cash and investments: a runway of about 7.2 years before any new financing.

Where the cash came from and went

Trio Petroleum: sources (+) and uses (−) of cash, Q3 FY26Trio Petroleum: sources (+) and uses (−) of cash, Q3 FY26Shares issued$2.5MCash drawn (+) / kept (−)−$2.2MOperating cash flow−$397KExchange rates$88KOther investing−$36K
Trio Petroleum: sources (+) and uses (−) of cash, TTM to Q3 FY26Trio Petroleum: sources (+) and uses (−) of cash, TTM to Q3 FY26Shares issued$26.0MCash drawn (+) / kept (−)−$23.7MOperating cash flow−$3.1MOther financing$929KCapital spending−$96KExchange rates$18KOther investing−$8K

From profit to cash

Trio Petroleum: net income to operating cash flow, Q3 FY26Trio Petroleum: net income to operating cash flow, Q3 FY26Net income−$2.0MStock-based pay$1.3MReceivables−$53KPayables$227KPrepaid and other assets$17KOther liabilities−$39KOperating cash flow−$397K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY2635—212-177
Q2 FY2632—923
Q1 FY2638—885-847
Q4 FY2542—1834-1793
Q3 FY2530—1187-1157

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26−$397K——$2.5M−$2.2M−$397K
Q2 FY26−$1.6M−$142—$23.1M−$21.4M−$1.6M
Q1 FY26−$534K−$55K—$383K$198K−$589K
Q4 FY25−$589K$12K$1.0M−$15K−$298K−$577K
Q3 FY25−$355K−$496K$1—$873K−$851K
Q2 FY25−$740K−$319K−$69K—$504K−$1.1M
Q1 FY25−$920K−$78K−$719K$3.5M−$1.7M−$999K
Q4 FY24−$4.0M−$36K$3.0M—$7K−$4.0M

Trio Petroleum: income statement and cash flow

Trio Petroleum, Q3 FY26: revenue $349K (+81% year over year), operating margin -605.5%. The chart follows the revenue to costs, profit and cash.

Trio Petroleum: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.