Tuktu Resources Ltd (TUK) Q3 2025 earnings summary

Executive summary

• Reported Q3 2025 petroleum and natural gas sales of $1.7 million with average production of 450 boe/d, 52% natural gas and 48% crude oil.

• Net loss for Q3 2025 was $1.3 million, a 29% improvement year-over-year.

• Working capital at September 30, 2025, was $1.5 million, supporting ongoing optimization initiatives.

Financial highlights

• Q3 2025 petroleum and natural gas sales decreased 33% year-over-year to $1.7 million.

• Net loss for Q3 2025 was $1.3 million, down from $1.9 million in Q3 2024.

• Adjusted funds flow from operations was negative $0.7 million for the nine months ended September 30, 2025.

• Total capital expenditures for Q3 2025 were $0.15 million, down 74% year-over-year.

• Adjusted working capital increased to $1.5 million from a deficit of $0.38 million year-over-year.

Outlook and guidance

• Management is executing a targeted optimization program in Q4 2025 to increase production and reduce costs.

• Ongoing evaluation of new drilling and production opportunities in the upper Banff and Big Valley formations.