FIDE rules are pretty simple, if you time out, you lose. One exception is when checkmate is never possible with material left on the board (you need to demonstrate a legal sequence of moves that leads to a mate though), no matter what. Then your opponent gets the maximum amount possible, which would be 0.5 points, since they never can win.
Here the checkmate is possible, it doesn't matter how probably it is, so the game is lost.
These are positions that would end up in a draw:
lichess.org/forum/lichess-feedback/draw-bug-6#7Otherwise it's always going to be a loss.