MMEX net loss widens 95.86% to $854,294 in Q1 FY27
MMEX•Project permit received in Texas
Texas regulators issued a permit on July 24, 2026 for the first 30,000 bpd phase of the Pecos UltraClean Refining project.
Balance sheet and financing activity
Working capital deficit totaled $3.39 million, with cash at period-end of $1.66 million following $3 million of net financing inflows.
Quarterly loss widens as expenses rise
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, 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.
