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Trio Petroleum (TPET) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed Jan 20, 2026

Trio Petroleum (TPET) reported revenue of $172K for the fourth quarter fiscal 2025 (Q4 FY25), +123% from a year earlier and -10% from the quarter before.

Revenue$172K
Year over year+123%
Quarter over quarter-10%
Operating margin—
Net earnings−$2.7M

Trio Petroleum, Q4 FY25: revenue $172K (+123% year over year), net loss $2.7M, operating cash flow −$589K. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$172K-10%+123%
Operating profit−$2.5M——
Net earnings−$2.7M——
Operating cash flow−$589K——

What changed

Revenue was $172K in Q4 FY25, up 123% year over year and down 10% from the previous quarter.

Gross margin was 60.5%, down 39.5 points from Q4 FY24. Operating costs exceeded revenue by $2.5M, an operating margin of -1458.1%. Operating expenses grew 89% against revenue growth of 123%. The fastest-growing cost line was Other operating costs (+351%). The quarter ended with a net loss of $2.7M, wider than the previous quarter's $1.4M loss.

Operating cash flow was −$589K. Non-cash charges added back $1.9M of share-based compensation. Working capital and other items added $201K. Capital expenditures of −$12K exceeded it, leaving free cash flow of −$577K.

Questions

What was Trio Petroleum's revenue in the fourth quarter fiscal 2025?

Trio Petroleum (TPET) reported revenue of $172K for the fourth quarter fiscal 2025 (Q4 FY25), +123% from a year earlier and -10% from the quarter before.

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Source: Trio Petroleum 10-K on SEC EDGAR.