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MEC Resources Ltd
(Sydney:MMR)
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Rating:44Neutral
Price Target:―
Action:Reiterated
Date:09/06/26
The score is driven primarily by weak financial performance: zero reported revenue, persistent operating losses, and consistently negative operating cash flow indicate ongoing cash burn and limited business traction, despite a de-risked balance sheet with zero debt. Valuation is also constrained by a negative P/E and no provided dividend yield, while technical and earnings call/event inputs are not available from the provided data.
Positive Factors
Deleveraged balance sheet
Elimination of debt is a durable structural improvement: it materially lowers refinancing and interest-rate risk, expands financial flexibility to fund exploration or working capital, and reduces default risk. That cleaner capital structure improves resilience over a multi‑quarter horizon.
Negative Factors
Near-zero revenue base
A near‑zero revenue base is a core structural weakness: with no demonstrated, recurring sales the company lacks an operating foundation. Profitability and cash‑flow improvements are unlikely to be durable until a reliable revenue stream is established, leaving long‑term viability dependent on new revenue sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
Elimination of debt is a durable structural improvement: it materially lowers refinancing and interest-rate risk, expands financial flexibility to fund exploration or working capital, and reduces default risk. That cleaner capital structure improves resilience over a multi‑quarter horizon.
Read all positive factors
MEC Resources Ltd (MMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.74M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue GrowthN/A
EPS Growth-1500.00%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,871,989,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.52
Price to Sales (P/S)0.00
P/FCF Ratio-23.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MEC Resources Ltd Business Overview & Revenue Model
Company Description
MEC Resources Limited is an Australian company dedicated to the exploration and development of oil and gas, operating through its various subsidiaries. The firm holds complete ownership of two permits in the onshore Bonaparte basin: EP386 in Weste...
How the Company Makes Money
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MEC Resources Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | -1.54K | -446.00 |
| EBITDA | -390.75K | -443.06K | -523.42K | -229.93K | -362.74K | -712.00K |
| Net Income | 161.03K | -2.65M | 207.49K | -492.53K | -480.44K | -1.24M |
Balance Sheet | ||||||
| Total Assets | 11.27M | 9.43M | 11.71M | 8.23M | 18.85M | 20.59M |
| Cash, Cash Equivalents and Short-Term Investments | 1.18M | 1.38M | 2.04M | 221.36K | 1.61M | 2.42M |
| Total Debt | 0.00 | 0.00 | 0.00 | 498.84K | 7.24M | 8.30M |
| Total Liabilities | 437.22K | 467.36K | 554.38K | 1.14M | 8.46M | 9.79M |
| Stockholders Equity | 10.84M | 8.96M | 11.16M | 7.08M | 10.39M | 10.80M |
Cash Flow | ||||||
| Free Cash Flow | -568.07K | -202.00K | -794.54K | -159.45K | 1.98M | -3.55M |
| Operating Cash Flow | -568.07K | -202.00K | -794.54K | -159.45K | -166.91K | -219.27K |
| Investing Cash Flow | -1.55M | -800.00K | -750.00K | 0.00 | 1.90K | -3.33M |
| Financing Cash Flow | 296.84K | 345.91K | 3.36M | 157.30K | 377.15K | 5.12M |
MEC Resources Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$4.86M | -11.76 | -29.94% | ― | ― | 71.78% | |
48 Neutral | AU$4.01M | -1.82 | -25.48% | ― | ― | 65.31% | |
45 Neutral | AU$4.88M | -0.12 | -333.90% | ― | -7.22% | -85.87% | |
45 Neutral | AU$2.22M | -2.50 | 759.48% | 6.74% | ― | ― | |
44 Neutral | AU$3.74M | -1.67 | -26.82% | ― | ― | -1500.00% | |
37 Underperform | AU$2.57M | -0.72 | -31.38% | ― | -20.01% | 5.88% |
* Energy Sector Average
AU:MMR
MEC Resources Ltd
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MEC Resources Ltd Corporate Events
MEC Resources updates ASX governance disclosures for FY 2026
Sep 1, 2026
MEC Resources Limited has lodged its Appendix 4G and updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rule 4.10.3. The statement, current as of 31 August 2026 and approved by ...
Advent Energy Releases Annual Financial Report for 2026
Aug 21, 2026
Advent Energy Ltd has released its annual financial report for the year ended 30 June 2026, detailing its consolidated financial performance, position, cash flows, and changes in equity. The report, supported by an independent auditor’s opin...
MEC Resources Quarterly Update Highlights Energy Focus and PEP11 Court Setback
Jul 29, 2026
MEC Resources Ltd has released its quarterly cashflow and operations update for the period ended 30 June 2026, confirming ongoing compliance with the Pooled Development Funds Act and a continued focus on energy and mineral exploration investments....
MEC Resources Reports Advent Energy Appeal Over Federal Court PEP11 Ruling
Jul 13, 2026
MEC Resources Ltd has reported that Advent Energy, through its subsidiary Asset Energy, has lodged a notice of appeal with the Full Court of the Federal Court of Australia against a June 2026 judgment concerning Petroleum Exploration Permit PEP11....
MEC Resources Notes Advent Appeal Over PEP11 Federal Court Ruling
Jul 2, 2026
MEC Resources Ltd has disclosed that its investee company Advent Energy Limited, through wholly owned subsidiary Asset Energy Pty Ltd, will appeal a recent Federal Court of Australia judgment concerning the PEP11 offshore gas exploration permit. T...
MEC Resources Faces Federal Court Setback on PEP11 but Pursues Renewal and Appeal Options
Jun 19, 2026
MEC Resources Ltd has reported that the Federal Court of Australia has dismissed the judicial review application concerning the PEP11 offshore gas exploration permit, leaving in place the decision by the Commonwealth–New South Wales Offshore...
MEC Resources Halts Trading Ahead of Federal Court Ruling on PEP-11
Jun 16, 2026
MEC Resources Ltd has requested an immediate trading halt in its ASX-listed securities to facilitate an orderly market ahead of a key court decision involving its investee company Advent Energy and the offshore PEP-11 exploration permit. Trading i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.