See more : InfoBeans Technologies Limited (INFOBEAN.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Permex Petroleum Corporation (OILCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Permex Petroleum Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Permex Petroleum Corporation (OILCF)
About Permex Petroleum Corporation
Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers an area of 320 acres, as well as the Pittcock South property that covers an area of 498 acres located on the Eastern Shelf of the Midland Basin; Mary Bullard property that covers an area of 241 acres located in Stonewall County; and Windy Jones property, which covers an area of 40 acres. It also holds interests in the West Henshaw property, which covers an area of 1,880 acres located in Eddy County, New Mexico; Oxy Yates property that covers an area of 680 acres located in Eddy County; and Breedlove field includes an area of 7,741.67 acres in Martin Country, Texas. In addition, the company has royalty interests 73 wells and 5 permitted wells across 3,800 acres within the Permian Basin of West Texas and southeast New Mexico. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 688.83K | 1.20M | 106.89K | 917.72K | 1.61M | 941.09K | 46.78K |
| Cost of Revenue | 1.03M | 1.28M | 198.64K | 822.44K | 1.05M | 688.47K | 40.86K |
| Gross Profit | -345.48K | -76.91K | -91.75K | 95.28K | 557.62K | 252.62K | 5.92K |
| Gross Profit Ratio | -50.15% | -6.40% | -85.84% | 10.38% | 34.70% | 26.84% | 12.66% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.54M | 3.82M | 559.22K | 547.59K | 1.02M | 2.38M | 0.00 |
| Selling & Marketing | 0.00 | 838.65K | 34.50K | 18.80K | 227.66K | 419.10K | 0.00 |
| SG&A | 3.54M | 3.82M | 593.71K | 566.38K | 1.25M | 2.80M | 164.49K |
| Other Expenses | 98.04K | 75.26K | 14.82K | 60.99K | 77.42K | -40.63K | 0.00 |
| Operating Expenses | 3.63M | 3.90M | 608.53K | 627.37K | 1.32M | 2.84M | 164.49K |
| Cost & Expenses | 4.67M | 5.18M | 807.17K | 1.45M | 2.37M | 3.53M | 205.34K |
| Interest Income | 108.00 | 8.06K | 0.00 | 0.00 | 1.40K | 0.00 | 0.00 |
| Interest Expense | 4.26K | 41.83K | 37.82K | 40.69K | 70.00K | 33.12K | 2.86K |
| Depreciation & Amortization | 154.83K | 271.69K | 148.59K | 133.91K | 169.02K | 85.09K | 5.22K |
| EBITDA | -3.78M | -3.16M | -1.18M | -414.80K | -672.01K | -2.54M | -152.94K |
| EBITDA Ratio | -548.88% | -315.58% | -516.30% | -45.20% | -41.82% | -269.49% | -327.80% |
| Operating Income | -3.98M | -3.97M | -723.28K | -487.72K | -763.61K | -2.59M | -158.56K |
| Operating Income Ratio | -577.74% | -330.15% | -676.65% | -53.14% | -47.52% | -275.51% | -338.96% |
| Total Other Income/Expenses | 39.68K | -560.68K | 317.26K | -1.20M | -393.58K | -33.12K | -2.46K |
| Income Before Tax | -3.94M | -3.71M | -1.59M | -1.69M | -1.16M | -2.63M | -161.02K |
| Income Before Tax Ratio | -571.98% | -309.02% | -1,485.58% | -184.01% | -72.02% | -279.03% | -344.22% |
| Income Tax Expense | 1.37M | -264.95K | 62.97K | 85.07K | -272.00K | 272.00K | -3.00 |
| Net Income | -3.94M | -3.47M | -1.58M | -1.69M | -885.18K | -2.90M | -161.02K |
| Net Income Ratio | -571.98% | -309.02% | -1,480.94% | -184.01% | -55.09% | -307.94% | -344.22% |
| EPS | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| EPS Diluted | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| Weighted Avg Shares Out | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
| Weighted Avg Shares Out (Dil) | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
Permex Petroleum Announces Appointment of New Directors
Permex Petroleum Announces Appointment of Mr. Brad Taillon, CEO, to the Board of Directors as Well as Additional Board Updates
Permex Petroleum Announces Partial Revocation Order Approval, Closing Additional Proceeds from Private Placement
Permex Petroleum Announces Application for Partial Revocation Order and Second Tranche of Private Placement
Permex Petroleum Announces Appointment of New President and Chief Executive Officer
Permex Petroleum Announces Closing of Convertible Debenture Financing
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Permex Petroleum Provides Clarification on Prior News Release Issued February 28, 2024 Announcing Convertible Debenture Financing
Permex Petroleum Announces Convertible Debenture Financing
Permex Petroleum Announces Convertible Debenture Financing
Source: https://incomestatements.info
Category: Stock Reports