OILCF Permex Petroleum Corp

Overview and Growth

Fiscal 2024 results for Permex Petroleum Corp combined $100.22K of revenue with net loss of $3.99M and an operating cash outflow of $2.29M. At $100.22K, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $665.62K in fiscal 2023, revenue decreased 84.9%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$7.23, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 551.50K, linking total earnings with the per-share result received by shareholders. Diluted shares moved 8.4% from 508.81K in fiscal 2023, leaving the current share base higher year over year. The company employed $12.06M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.01x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The company recorded an operating loss of $3.02M after the reported operating expense base. The bottom-line result was a net loss of $3.99M after operating, financing, tax, and other recognized items. The company reported negative EBITDA of $2.94M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The reported tax benefit was $373.00K, favorably bridging the pretax and after-tax results. The net loss equaled 97.2% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 33.1%. The net loss widened to $3.99M from $3.94M in fiscal 2023.

Liquidity and Capital Structure

At period end, the $12.06M asset base was financed through $7.96M of liabilities and $4.11M of equity. At period end, current assets of $1.70M compared with current liabilities of $7.56M, defining the company’s short-term resource position. At 0.23x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $1.51M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 20.0% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented 34.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 66.0%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 12.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 10.2% from $10.94M in fiscal 2023, leaving current total assets higher year over year. Book equity was 42.7% lower than fiscal 2023 equity of $7.17M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $2.29M, rather than cash generation from operations. Capital expenditures used $3.23K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $2.29M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to total assets, the post-investment cash deficit measured 19.0%. The operating cash outflow narrowed to $2.29M from $2.30M in fiscal 2023.

Based on the annual report for the fiscal year ending Sep 30, 2024. Analysis generated Oct 21, 2026.