Trio Petroleum Corp. (TPET) - Net Assets
Based on the latest financial reports, Trio Petroleum Corp. (TPET) has net assets worth $11.31 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.22 Million) and total liabilities ($1.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read TPET total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.31 Million |
| % of Total Assets | 85.55% |
| Annual Growth Rate | 29.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 115.62 |
Trio Petroleum Corp. - Net Assets Trend (2021–2025)
This chart illustrates how Trio Petroleum Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore TPET current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Trio Petroleum Corp. (2021–2025)
The table below shows the annual net assets of Trio Petroleum Corp. from 2021 to 2025. For live valuation and market cap data, see Trio Petroleum Corp. (TPET) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $11.30 Million | +25.00% |
| 2024-10-31 | $9.04 Million | -7.19% |
| 2023-10-31 | $9.74 Million | +257.80% |
| 2022-10-31 | $2.72 Million | -32.77% |
| 2021-10-31 | $4.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trio Petroleum Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2725374800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $906.00 | 0.01% |
| Other Comprehensive Income | $14.47K | 0.13% |
| Other Components | $38.64 Million | 341.88% |
| Total Equity | $11.30 Million | 100.00% |
Trio Petroleum Corp. Competitors by Market Cap
The table below lists competitors of Trio Petroleum Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qualigen Therapeutics Inc
NASDAQ:QLGN
|
$4.74 Million |
|
TV Thunder Public Company Limited
BK:TVT
|
$4.74 Million |
|
Cycurion, Inc.
NASDAQ:CYCU
|
$4.74 Million |
|
Helios Energy Ltd
AU:HE8
|
$4.74 Million |
|
Nexgel Inc
NASDAQ:NXGL
|
$4.73 Million |
|
Noroo Holdings Co Ltd
KO:000325
|
$4.73 Million |
|
Soco Corporation Ltd
AU:SOC
|
$4.73 Million |
|
Innovotech Inc
V:IOT
|
$4.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trio Petroleum Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,042,548 to 11,303,351, a change of 2,260,803 (25.0%).
- Net loss of 7,282,133 reduced equity.
- New share issuances of 3,460,894 increased equity.
- Other comprehensive income increased equity by 14,471.
- Other factors increased equity by 6,067,571.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.28 Million | -64.42% |
| Share Issuances | $3.46 Million | +30.62% |
| Other Comprehensive Income | $14.47K | +0.13% |
| Other Changes | $6.07 Million | +53.68% |
| Total Change | $- | 25.00% |
Book Value vs Market Value Analysis
This analysis compares Trio Petroleum Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-10-31 | $3.51 | $0.39 | x |
| 2022-10-31 | $2.36 | $0.39 | x |
| 2023-10-31 | $0.42 | $0.39 | x |
| 2024-10-31 | $4.06 | $0.39 | x |
| 2025-10-31 | $1.24 | $0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trio Petroleum Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -64.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1826.31%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.17x
- Recent ROE (-64.42%) is above the historical average (-76.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -2.52% | 0.00% | 0.00x | 1.92x | $-507.12K |
| 2022 | -139.56% | 0.00% | 0.00x | 3.48x | $-4.07 Million |
| 2023 | -67.17% | 0.00% | 0.00x | 1.19x | $-7.52 Million |
| 2024 | -106.46% | -4515.30% | 0.02x | 1.29x | $-10.53 Million |
| 2025 | -64.42% | -1826.31% | 0.03x | 1.17x | $-8.41 Million |
Industry Comparison
This section compares Trio Petroleum Corp.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,290,572,225
- Average return on equity (ROE) among peers: 32.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trio Petroleum Corp. (TPET) | $11.31 Million | -2.52% | 0.17x | $4.74 Million |
| Amplify Energy Corp (AMPY) | $643.58 Million | -23.32% | 1.61x | $204.40 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $49.77 Million | -24.80% | 0.67x | $105.31 Million |
| APA Corporation (APA) | $1.34 Billion | 273.16% | 8.77x | $12.57 Billion |
| Antero Resources Corp (AR) | $7.72 Billion | 8.22% | 0.85x | $11.34 Billion |
| Battalion Oil Corp (BATL) | $27.72 Million | 1.96% | 0.27x | $32.58 Million |
| BKV Corporation (BKV) | $1.20 Billion | 34.29% | 1.26x | $3.02 Billion |
| Barnwell Industries Inc (BRN) | $11.40 Million | 10.53% | 1.70x | $15.66 Million |
| Berry Petroleum Corp (BRY) | $800.49 Million | 31.25% | 1.04x | $253.00 Million |
| Black Stone Minerals LP (BSM) | $1.06 Billion | 11.50% | 0.17x | $2.83 Billion |
| Chord Energy Corp (CHRD) | $57.23 Million | 0.00% | 0.95x | $5.96 Billion |
About Trio Petroleum Corp.
Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship property is the South Salinas project that owns 82.75% working interest comprising approximately 9,300-acre located in Monterey, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Malibu, California.