Issue 006 | U.S. Pilot | US

TPET

Trio Petroleum Corp

Screen state: Passing Source state: Verified 10-Q | 2026-06-11 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 52.4%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 22,458,200USD
Total Liabilities: 1,170,932USD
NCAV: 21,287,268USD
Cash: 21,020,685USD
NCAV per share: 0.48USD/share
Evidence: 3 annual | 14 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 2
Unavailable: 8

Requires inspection Negative OCF -2,154,161

Latest: -2,154,1612026-04-30
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-04-30 · 0001493152-26-028279

Supporting observation Current Ratio > 1.5 22.48

Latest: 22.482026-04-30
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-04-30 · 0001493152-26-028279

8 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

High NCAV Burn since the previous filing NCAV burn since previous filing >= 10%; previous NCAV must be positive

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-04-30 10-Q Open filing	2026-01-31 10-Q Open filing	2025-10-31 10-K Open filing	2025-07-31 10-Q Open filing	2025-04-30 10-Q Open filing	2025-01-31 10-Q Open filing	2024-10-31 10-K Open filing	2024-07-31 10-Q Open filing	2024-04-30 10-Q Open filing	2024-01-31 10-Q Open filing	2023-10-31 10-K Open filing	2023-07-31 10-Q Open filing	2023-04-30 10-Q Open filing
Period-end Shares Outstanding	41,187,95441,187,954	12,773,91612,773,916	9,047,5689,047,568	8,399,8398,399,839	7,498,8557,498,855	6,725,7026,725,702	3,203,0683,203,068	335,52250,328,328	335,52250,328,328	215,66732,350,090	206,97731,046,516	197,47729,621,516	165,32824,799,202
Weighted-average Basic Shares	28,062,95328,062,953	10,516,63410,516,634	9,116,9449,116,944	7,973,2117,973,211	7,069,2027,069,202	4,965,9624,965,962	2,226,3202,226,320	n/an/a	272,51240,876,850	210,69531,604,203	153,86523,079,750	177,04526,556,760	123,04918,457,415
Weighted-average Diluted Shares	28,062,95328,062,953	10,516,63410,516,634	9,116,9449,116,944	7,973,2117,973,211	7,069,2027,069,202	4,965,9624,965,962	2,226,3202,226,320	335,52250,328,328	272,51240,876,850	210,69531,604,203	153,86523,079,750	177,04526,556,760	123,04918,457,415
Basic EPS	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-4-4	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0
Diluted EPS	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-4-4	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0
Basic-to-Diluted Share Difference	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%
Net Share Count Change	222.4%	41.2%	7.7%	12.0%	11.5%	110.0%	854.7%	0.0%	55.6%	4.2%	4.8%	19.4%	Insufficient evidence
Ownership Claim Change	-69.0%	-29.2%	-7.2%	-10.7%	-10.3%	-52.4%	-89.5%	0.0%	-35.7%	-4.0%	-4.6%	-16.3%	Insufficient evidence

Verified split events: reverse 7.5 on 2024-11-14; reverse 20.0 on 2024-11-14

Known Unknowns

Only 14 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-10-31 10-K USD	2024-10-31 10-K USD	2023-10-31 10-K USD
Revenue	398,734	213,204	n/a
Operating Income	-5,272,103	-6,217,714	-4,610,668
Net Income	-7,282,133	-9,626,797	-6,544,426
Cash From Operations	-2,604,749	-3,840,744	-4,036,834
Capex	n/a	n/a	-3,749,488
Free Cash Flow	n/a	n/a	-7,786,322
Cash And Equivalents	882,162	285,945	1,561,924
Accounts Receivable	59,970	n/a	n/a
Inventory	n/a	n/a	n/a
Total Current Assets	1,070,988	565,219	1,695,341
Total Assets	13,214,110	11,684,338	11,643,083
Total Current Liabilities	1,856,890	2,590,699	1,851,386
Total Liabilities	1,910,759	2,641,790	1,899,699
Shareholders Equity	11,303,351	9,042,548	9,743,384
Shares Outstanding	12,300,752	6,725,702	212,655
Shares Outstanding Diluted	n/a	n/a	n/a
Weighted Avg Shares Diluted	9,116,944	2,226,320	153,865
Weighted Avg Shares Basic	9,116,944	2,226,320	153,865
Net Share Count Change (Normalized)	7.7%	854.7%	4.8%
Ownership Claim Change (Normalized)	-7.2%	-89.5%	-4.6%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 14 quarterly periods available from Data Vault for this company.

Metric	2026-04-30 10-Q USD	2026-01-31 10-Q USD	2025-10-31 10-K USD	2025-10-31 10-K USD	2025-07-31 10-Q USD	2025-04-30 10-Q USD	2025-01-31 10-Q USD	2024-10-31 10-K USD	2024-10-31 10-K USD	2024-07-31 10-Q USD	2024-04-30 10-Q USD	2024-01-31 10-Q USD	2023-07-31 10-Q USD	2023-04-30 10-Q USD
Revenue	208,257	122,193	172,249	172,249	192,395	23,271	10,819	n/a	n/a	63,052	73,915	n/a	n/a	n/a
Operating Income	-1,404,647	-804,392	-2,511,641	-2,511,641	-675,026	-868,979	-1,216,457	-1,322,968	-1,322,968	-1,505,980	-1,948,591	-1,440,175	-2,157,550	-1,016,600
Net Income	-1,367,356	-1,012,629	-2,716,133	-2,716,133	-1,386,723	-1,563,752	-1,615,525	-1,700,243	-1,700,243	-2,178,571	-4,045,935	-1,702,048	-2,170,601	-2,235,957
Cash From Operations	-1,620,268	-533,893	-588,853	-588,853	-355,427	-739,984	-920,485	-3,959,386	-3,959,386	-563,883	1,456,956	-774,431	-1,741,094	n/a
Capex	-142	-55,100	n/a	n/a	n/a	-319,272	-78,165	n/a	n/a	n/a	n/a	n/a	-1,665,090	n/a
Free Cash Flow	-1,620,410	-588,993	n/a	n/a	n/a	-1,059,256	-998,650	n/a	n/a	n/a	n/a	n/a	-3,406,184	n/a
Cash And Equivalents	21,020,685	684,653	n/a	n/a	584,365	1,457,056	1,961,201	n/a	n/a	293,107	220,647	348,748	1,506,028	0
Total Current Assets	22,458,200	902,542	1,070,988	1,070,988	876,550	1,738,678	2,015,019	565,219	565,219	617,710	804,876	475,868	1,630,318	2,303,948
Total Liabilities	1,170,932	1,971,718	1,910,759	1,910,759	1,609,454	2,323,141	1,519,749	2,641,790	2,641,790	3,638,535	2,068,541	2,295,795	874,073	1,221,975
Shares Outstanding	44,267,674	31,931,250	9,047,568	12,300,752	8,440,849	7,522,499	6,956,694	3,203,068	3,203,068	335,522	335,522	246,079	197,477	165,495
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	28,062,953	10,516,634	9,116,944	16,392,627	7,973,211	7,069,202	4,965,962	2,226,320	2,226,320	335,522	272,512	210,695	177,045	123,049
Weighted Avg Shares Basic	28,062,953	10,516,634	9,116,944	16,392,627	7,973,211	7,069,202	4,965,962	2,226,320	2,226,320	335,522	272,512	210,695	177,045	123,049
Net Share Count Change (Normalized)	222.4%	41.2%	7.7%	7.7%	12.0%	11.5%	110.0%	854.7%	854.7%	0.0%	55.6%	4.2%	19.4%	Insufficient evidence
Ownership Claim Change (Normalized)	-69.0%	-29.2%	-7.2%	-7.2%	-10.7%	-10.3%	-52.4%	-89.5%	-89.5%	0.0%	-35.7%	-4.0%	-16.3%	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	22,458,200USD	us-gaap:AssetsCurrent	2026-04-30	1.00	Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json
Total Liabilities	1,170,932USD	us-gaap:Liabilities	2026-04-30	1.00	Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json
Cash	21,020,685USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-04-30	1.00	Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json
Shares Outstanding	44,267,674	dei:EntityCommonStockSharesOutstanding	2026-04-30	1.00	Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json Data Vault \| sec/companyfacts/cik=0001898766/companyfacts.json
NCAV	21,287,268USD	derived	2026-04-30	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	0.48USD	derived	2026-04-30	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	52.4%	derived	2026-04-30	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001898766
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001898766/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001898766/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 14
Imported At: 2026-08-15T12:52:56+00:00
Rendered At: 2026-08-16T03:30:06+00:00

Run Audit

Mary Run: 63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of: 2026-08-15
Accession: 0001493152-26-028279
CIK: 0001898766
Mary Filing Date: 2026-06-11
Filing Currency: USD
Internal Discount: 52.4%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-06-11; mary_accession=0001493152-26-028279; mary_cik=0001898766; gnni_supporting_filing_date=2026-03-17; internal_discount=0.524024; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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