MMEX
MMEX Resources Corporation0.0001
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.23MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
MMEX Resources posted a narrower Q3 operating loss of $291,738, down 15% y/y from $343,265 while net loss shrank to $349,850 from $531,555, thanks to lower interest expense. General and administrative expenses dropped to $282,639 from $334,166 on paused consulting deals and reduced Sabby legal fees. Cash dwindled to $1,428 amid $145K operating burn, propped by $143K related-party note proceeds; total debt exceeds $7.3M with multiple defaults. Massive dilution hit: shares doubled to 22.3B. Stockholders' deficit deepened to $6.3M. Ongoing Sabby litigation clouds share reserves.
10-Q
Q1 FY2026 results
MMEX Resources posted a narrower Q1 FY2026 operating loss of $307K, down 16% y/y from $367K, while net loss of $365K trailed operating by $58K due to interest expense. Six-month operating loss improved to $676K from $732K y/y, with net loss at $801K versus $927K prior year; diluted EPS of $(0.0001) reconciles to 14.9B weighted shares amid anti-dilutive effects from convertibles. Cash burn eased to $52K (derived from ops cash flow), ending at $546 after $48K financing inflows, yet total debt exceeds $8M with multiple defaults. Shares doubled to 22.3B via related-party debt conversions. Ongoing Sabby litigation poses conversion risks.
8-K
Massive share issuance to consultants
MMEX Resources issued 1,565,000,000 unregistered common shares on October 21, 2025, to key consultants—including those related to directors Jack W. Hanks and Bruce N. Lemons—to settle past due obligations from services and convertible notes, conserving cash while aligning interests with shareholders. This massive dilution hits existing holders hard. Yet the move clears liabilities for project development.
10-Q
Q1 FY2026 results
MMEX Resources posted a narrower Q1 FY2026 operating loss of $368,537, edging up from $365,058 a year earlier, while net loss tightened to $436,139 from $455,222, thanks to lower interest expense of $67,602 versus $90,164. General and administrative costs dropped to $298,940 from $350,531, offset by higher project costs of $60,500 tied to the Cordillera Solar initiative. Cash dwindled to $59 by July 31, 2025, with operating cash use at $8,900; total debt swelled to $7.4 million, including $1.2 million in defaults and $2.1 million in related-party convertibles due 2028 at 18%. No free cash flow disclosed in the 10-Q. Shares outstanding ballooned to 11.6 billion. Debt conversions post-quarter added billions more shares. Litigation with Sabby over note conversions drags on.
8-K
Massive share issuance to consultants
MMEX Resources issued 8,025,000,000 common shares on August 26, 2025, and 1,114,749,216 more on September 2, 2025, to consultants—including those tied to directors Jack W. Hanks and Bruce N. Lemons—for past services and convertible note conversions, bypassing cash to preserve capital. This unregistered stock sale under Section 4(a)(2) and Regulation D aligns consultant incentives with shareholders amid prior authorized share shortages. Shares flooded the market. Yet, no immediate financial impact is detailed.
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