MMEX Resources Corp SEC 10-Q Report

MMEX Resources Corp, a company dedicated to developing, financing, constructing, and operating clean fuels infrastructure projects powered by renewable energy, has released its Form 10-Q report for the third quarter of 2025. The report provides insights into the company's financial performance and operational progress, reflecting its ongoing efforts to advance its clean energy initiatives. Financial Highlights Revenues: $0, The company has not yet begun to generate revenues.Loss from operations: $(307,012), Operating expenses decreased due to pausing certain consulting agreements.Net income (loss): $(364,698), The decrease in net loss is attributed to reduced consulting fees and interest expenses.Net income (loss) per common share – basic and diluted: $(0.00), Reflects the impact of increased shares outstanding. Business Highlights Company Overview MMEX Resources Corporation is focused on developing, financing, constructing, and operating clean fuels infrastructure projects powered by renewable energy. The company has formed special purpose limited liability companies to implement its planned projects. Pecos UltraClean Refining, LLC The company is collaborating with Polaris Engineering to develop an ultra-clean transportation fuels refinery in Pecos County, Texas. The facility aims to produce zero sulfur gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil with significantly lower emissions compared to traditional refineries. Trans Permian H2Hub, LLC MMEX is in discussions with a major oil company to utilize natural gas from the Permian Basin for a Natural Gas to Power Project. The project plans to convert natural gas into hydrogen for power generation, with potential CO2 capture and marketing. Project Costs The company expenses direct costs incurred on projects, including acquisition of rights, planning, design, and permitting. Project costs increased significantly for the six months ended October 31, 2025, due to activities related to the Cordillera Solar project. Future Outlook Completion of the company's projects is contingent upon obtaining necessary capital for planning, construction, and start-up costs. The company continues to seek additional funding through private or public equity and debt financing to support its operations and project developments.SEC Filing: MMEX Resources Corp [ MMEX ] - 10-Q - Dec. 11, 2025