MMEX
MMEX Resources Corporation0.0001
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
10-K
FY2025 results
MMEX Resources posted a net loss of $2.3 million for FY2025 ended April 30, 2025, narrowing from $8.2 million the prior year, thanks to no deemed dividend drag while operating losses held steady around $1.4 million in G&A. No revenues yet, as clean fuels and hydrogen projects await funding, but cash burn eased to $380,107 from operations, propped by $384,000 in related-party financing. Q4 saw debt restructurings into $2.1 million in convertible notes at 18% make-whole, slashing short-term defaults but hiking interest to $462,000 annually. Liquidity stays razor-thin with $4,579 cash against $4.8 million current liabilities. Ongoing litigation with Sabby over share conversions threatens dilution spikes.
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