Norris Industries net loss widens to $242,318 in Q1 FY26

• Norris Industries posted a net loss of $242,318 for the quarter ended May 31, 2026; revenue edged down to $90,358.
• Operating expenses climbed to $299,534 from $232,830 a year earlier, driven by higher lease operating costs and professional fees.
• Interest expense rose to $33,142 from $27,348, reflecting higher related-party borrowings during the quarter.
• Cash on hand totaled $33,863; operating cash outflow widened to $211,513, partly offset by $200,000 in financing proceeds.
• Management said it plugged four unprofitable wells, plans to keep spending to basic maintenance, and reported $800,000 of remaining availability on its JBB credit line.

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: 0001493152-26-033386), on July 15, 2026, and is solely responsible for the information contained therein.