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    Energy

  3. •

    Oil & Gas Exploration & Production
Tethys Petroleum Limited

Tethys Petroleum Limited

TPL.V
Tethys Petroleum LimitedCA flagToronto Stock Exchange Ventures
0.90
CAD
+0.18
- -
103.37MMarket Cap
Tethys Petroleum Limited
TPL.V
(Toronto Stock Exchange Ventures)

Recent

price

0.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.75
0.87
1.13
1.08
0.85
0.65
0.3
0.16
0.19
0.19
0.14
0.15
0.6
0.32
0.13
0.26
0.28
Revenue per Share
-1.51
-1.03
-0.68
-0.5
-0.5
-2.2
-1.11
-0.93
0.04
-0.13
-0.4
-0.04
0.11
0.08
-0.11
0.06
0.08
Basic EPS, GAAP
-2.81
-1.63
-0.54
-0.85
-1.17
-0.6
-0.16
-0.08
-0.03
-0.03
0.09
-0.01
0.2
-0.01
-0.01
0.02
0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.02
0.02
- -
0.01
- -
Dividend per Share
-2.94
-4.43
-4.58
-4.48
-5.14
-7.06
-7.86
-6.97
-6.32
-5.25
-4.07
-3.71
-3.5
-3.22
-3.34
-3.64
-3.44
Book Value per Share
11.36
5.26
3.78
5
4.93
1.99
1.29
0.28
0.48
0.23
0.26
0.21
0.32
0.36
0.2
0.27
0.31
Tangible Book Value per Share
20
26
30
34
32
34
39
51
55
68
96
107
109
115
115
103
109
Basic Weighted Avg Shares
15
23
34
37
27
22
12
8
10
13
13
16
65
36
15
26
31
Sales/Revenue/Turnover
-177.13
-82.82
-56.12
-41.2
-35.19
-144.77
-101.48
-162.44
-7.38
18.62
25.91
37.5
69.59
56.04
15.25
31.19
32.37
Operating Margin (%)
6
13
18
14
1
29
10
11
5
4
4
3
8
4
2
5
6
Depreciation Expense
-30
-27
-20
-17
-16
-75
-43
-47
2
-9
-39
-4
12
10
-12
7
8
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
206.15
70.23
47.23
- -
- -
88.7
Effective Tax Rate (%)
-201.61
-117.52
-60.73
-46.41
-58.52
-337.15
-368.92
-591.31
23.59
-69.22
-295.41
-25.08
18.78
26.69
-81.48
25.23
27.48
Profit Margin (%)
70
1
-10
155
149
-16
-43
-48
-31
-47
-12
-21
4
8
3
-3
- -
Working Capital
3
2
4
- -
5
23
- -
4
5
- -
6
4
- -
- -
- -
- -
- -
LT Debt
240
238
220
203
206
132
93
48
56
47
25
22
35
42
23
30
34
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-20.47
40.06
27.3
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.31
-3.31
-2.7
- -
- -
2.99
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
115
115
115
Market Capitalization
90
100
124

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
11
13
16
Cash, Cash Equivalents & STI
7
8
6
Accounts Receivable, Net
2
1
7
Inventories
1
1
1
Total Current Liabilities
5
17
16
Payables & Accruals
4
14
14
ST Debt
- -
- -
- -
Deferred Revenue
1
2
2

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.05%
10.5%
30.72%
Free Cash Flow
-532.81%
-920.33%
-390.33%
Net Income, GAAP
-116.11%
-179.97%
-153.81%
Sales/Revenue/Turnover
28.09%
60.97%
73.78%
Total Cash Common Dividend
- -
- -
-62.56%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
5
5
3
15
2025
4
6
7
9
26
2026
8
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.01
-0.01
- -
-0.11
2025
- -
0.01
0.01
- -
0.06
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
0.01
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
Tethys Petroleum Limited (TSXV:TPL) is an oil and gas exploration and production company focused on Central Asia, primarily the Republic of Kazakhstan, where it acquires, explores, develops, produces and sells crude oil and natural gas from fields including the Akkulka, Kul-Bas and Aral-4 blocks; it operates shallow gas developments tied to major trunklines, deep exploration wells such as AKD01, and oil production from wells like KBD-02, KBD-06 and KBD-07, alongside gas output from approximately 20 wells averaging 240,000 cubic meters per day. Founded in 2003 and headquartered in Grand Cayman, Cayman Islands, the company conducts seismic data interpretation on blocks like Aral-4 and Diyar, rehabilitates existing wells, and deploys gas compressors and turbines to support production ramps; it previously held interests in Tajikistan's Bokhtar PSC area for gas and oil workovers. Recent operational updates include gradual oil production increases to around 390 tons per day with plans to reach 500 tons per day in November 2025 following gas turbine repairs and compressor commissioning, alongside ongoing workovers to reactivate suspended gas wells; in September 2025, Fincraft Group LLP submitted a non-binding letter of intent to acquire all outstanding shares at 1.38 CAD per share, prompting the formation of a special committee by the board to review the proposal, though no further response on financing or approvals has been received as of October 2025.