Trio Petroleum

Q2 FY2026 EarningsQ2 FY26 net revenue surged to $208.3K, up 794.9% YoY, driven by the expansion of heavy-oil production in Saskatchewan, Canada. Despite the top-line growth, the company reported a gross loss of $106.1K due to aggressive well workover and remediation costs. Net loss for the quarter was $1.37M, narrowing 12.6% YoY. Liquidity improved significantly following $24.2M in gross proceeds from an ATM offering, increasing cash to $22.1M and alleviating previous going concern doubts.