MMEX net loss widens 95.86% to $854,294 in Q1 FY27

PUBT · 23h ago
MMEX net loss widens 95.86% to $854,294 in Q1 FY27
  • MMEX Resources posted a net loss of $854,294 for the quarter ended July 31, 2026, widening 95.86% year over year.
  • General and administrative expense climbed to $939,690, up more than doubled from a year earlier on higher consultant, surveying, and offering costs.
  • Interest expense edged down to $66,847, while a $161,937 gain on debt settlements helped offset higher operating costs.
  • Working capital deficit totaled $3.39 million, with cash at period-end of $1.66 million following $3 million of net financing inflows.
  • Texas regulators issued a permit on July 24, 2026 for the first 30,000 bpd phase of the Pecos UltraClean Refining project.


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. MMEX Resources Corporation 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: 0001477932-26-005450), on September 08, 2026, and is solely responsible for the information contained therein.