A Business at a Glance
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Company Information and Business Plan MMEX Resources Corporation (“MMEX”) was formed as a Nevada corporation in 2005. The current management team lead an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed in 2010 and thereafter changed the Company’s name to MMEX Resources Corporation. MMEX is focused on the development, financing, construction, and operation of clean fuels infrastructure projects powered by renewable energy. MMEX has formed special purpose limited liability companies to implement its planned projects. Pecos Clean Fuels & Transport, LLC The Company has teamed with Polaris Engineering to develop an ultra-clean transportation fuels refinery, up to 11,600 barrel per day federate crude oil refining facility at our Pecos County, Texas site. The planned product slate will consist of transportation grade finished products, including zero sulfur 87° gasoline, ultra-low sulfur diesel and low-sulfur fuel oil.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -3.1M | -2.3M | -8.2M | -4.5M | -229K | -25M |
| EPS | $-0.00 | $-0.00 | $-0.00 | - | - | $-14.23 |
| Free Cash Flow | 0 | -380K | -493K | -682K | -4.1M | -806K |
| ROIC | -167.6% | -112.1% | -98.6% | - | - | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -0.39 | -0.25 | - | - | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -2.1M | -1.4M | -1.3M | -1.8M | -3.0M | -25M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 22,296M | 11,497M | 7,449M | - | - | 2M |
| Metric | 2012 | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | N/A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 662K | 1.3M | 904K | 867K | 1.3M | 1.7M | 1.3M | 1.4M | 2.0M |
| EBIT | -3.2M | -1.9M | -1.2M | -25M | -3.0M | -1.8M | -1.3M | -1.4M | -2.1M |
| Op. Margin | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -6.2M | -4.0M | N/A | -25M | -229K | -4.5M | -8.2M | -2.3M | -3.1M |
| Net Margin | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 929K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | N/A | N/A | N/A | N/A | N/A | N/A | -98.6% | -112.1% | -167.6% |
| ROE | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | N/A | N/A | N/A | N/A | N/A | N/A | -783.9% | -223.4% | -311.3% |
| Cash Flow | |||||||||
| Op. Cash Flow | -1.6M | -1.9M | -735K | -806K | -3.4M | -682K | -493K | -380K | -432K |
| Free Cash Flow | -1.6M | -2.2M | -745K | -806K | -4.1M | -682K | -493K | -380K | 0 |
| Owner Earnings | -1.8M | -2.1M | -769K | -875K | -3.4M | -1.3M | -558K | -417K | -487K |
| CapEx | 6K | 261K | 11K | 0 | 678K | 0 | 0 | 0 | 0 |
| Maint. CapEx | 5K | 31K | 35K | 35K | 36K | 170K | 36K | 36K | 55K |
| Growth CapEx | 0 | 230K | 0 | N/A | 642K | N/A | N/A | N/A | 0 |
| D&A | 5K | 31K | 35K | 35K | 36K | 170K | 36K | 36K | 55K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 195K | 92K | 0 | 34K | 0 | 495K | 28K | 0 | 0 |
| Debt Repayment | 0 | 0 | 0 | 201K | 79K | 41K | 159K | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | -89K | 106K | -26K | -20K | -137K | 716K | 941K | 2.3M | 2.7M |
| Cash & Equiv. | 164K | 55K | 67K | 330K | 137K | 10K | 0 | 5K | 0 |
| Long-Term Debt | N/A | 86K | 0 | 236K | 0 | 621K | 518K | N/A | 1.5M |
| Debt/Equity | N/A | N/A | N/A | N/A | N/A | N/A | -0.25 | -0.39 | 0.00 |
| Interest Coverage | -1.0 | -1.0 | -110.9 | -1658.0 | -5.7 | -7.7 | -3.8 | -3.1 | -3.1 |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | -3.8M | -6.0M | -6.0M |
| Total Assets | N/A | N/A | N/A | N/A | N/A | N/A | 1.0M | 1.0M | 996K |
| Total Liabilities | 6.9M | 4.0M | 6.3M | 6.6M | 3.1M | 4.0M | 4.8M | 7.0M | 7.0M |
| Intangibles | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | -39M | -43M | -68M | -68M | -73M | -81M | -83M | -84M |
| Working Capital | -5.6M | -3.7M | -6.2M | -6.2M | -2.9M | -3.9M | -4.9M | -4.8M | -5.5M |
| Current Assets | 180K | 94K | 90K | 368K | 184K | 34K | 4K | 8K | 9K |
| Current Liabilities | 5.8M | 3.8M | 6.3M | 6.6M | 3.1M | 4.0M | 4.9M | 4.8M | 5.5M |
| Per Share Data | |||||||||
| EPS | -0.35 | -0.13 | -6.57 | -14.23 | N/A | N/A | -0.00 | -0.00 | -0.00 |
| Owner EPS | -0.03 | -0.07 | N/A | -0.51 | N/A | N/A | -0.00 | -0.00 | -0.00 |
| Book Value | N/A | N/A | N/A | N/A | N/A | N/A | -0.00 | -0.00 | -0.00 |
| Cash Flow/Share | -0.03 | -0.06 | N/A | -0.47 | N/A | N/A | -0.00 | -0.00 | -0.00 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 54.9M | 30.7M | N/A | 1.7M | N/A | N/A | 7.4B | 11.5B | 22.3B |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | -1.0% | -20.1% | -0.2% | -0.7% | -23.5% | -44.1% | -33.1% | N/A |
| Market Cap | 0 | 227M | 3.7M | 396M | 557M | 2.9M | 1.1M | 1.1M | 2.2M |
| Avg. Price | 0.00 | 1,885.95 | 23.30 | 8.89 | 2.26 | 0.04 | 0.00 | 0.00 | 0.00 |
| Year-End Price | 0.00 | 170.00 | 1.00 | 17.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 |
MMEX Resources Corp passes 0 of 9 quality checks, indicating weak fundamentals.
MMEX Resources Corp (MMEX) has a 5-year average return on invested capital (ROIC) of -105.3%. This is below average and may indicate limited pricing power.
MMEX Resources Corp (MMEX) has a market capitalization of $2M. It is classified as a small-cap stock.
MMEX Resources Corp (MMEX) does not currently pay a regular dividend.
MMEX Resources Corp (MMEX) operates in the Services-Allied To Motion Picture Production industry, within the Communication Services sector.
MMEX Resources Corp (MMEX) generated $-380 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
MMEX Resources Corp (MMEX) reported earnings per share (EPS) of $-0.00 in its most recent fiscal year.
The Ledger Terminal provides 8 years of financial data for MMEX Resources Corp (MMEX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MMEX Resources Corp (MMEX) has a book value per share of $-0.00, based on its most recent annual SEC filing.