Norris Industries FY26 net loss widens to $661,431; revenue falls to $286,086

NORRIS INDUSTRIES INC

NORRIS INDUSTRIES INC

NRIS

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  • Norris Industries posted a net loss of USD 661,431 for fiscal 2026, widening from a net loss of USD 601,076 a year earlier.
  • Revenue fell 13.13% to USD 286,086, attributed to maintenance issues that reduced oil and gas production.
  • Lease operating expenses rose to USD 553,023, while general and administrative costs climbed to USD 228,783 on plugging and abandoning four wells.
  • Operating cash outflow widened to USD 440,251; cash ended the year at USD 45,376.
  • Norris Industries reported USD 1,000,000 of availability on its existing JBB credit line, while flagging the need for additional financing to support operations and acquisitions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Norris Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-026291), on May 29, 2026, and is solely responsible for the information contained therein.

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