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MEC Resources Ltd (MMR) AI Stock Analysis
MEC Resources Ltd
(ASX:MMR)
Weak financial performance from zero revenue and cash burn is the dominant factor, followed by poor valuation metrics; limited technical data provides little offset.
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 Western...
How the Company Makes Money
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MEC Resources Ltd Financial Statement Overview
Summary
Zero revenue, persistent losses, and negative cash flows create severe operational risks, only partially offset by a debt-free balance sheet.
Income Statement
12Very NegativeBalance Sheet
68PositiveCash Flow
18Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 123.74K | 123.74K | 90.01K | 5,933 | 2,772 | 0 |
| Gross Profit | 123.74K | 123.74K | 90.01K | 5,933 | -1,536 | -446 |
| EBITDA | -126.14K | -126.14K | -3 | -228.40K | -362.74K | -712.00K |
| Net Income | -2.65M | -2.65M | 207.49K | -492.53K | -558.50K | -1.24M |
Balance Sheet | ||||||
| Total Assets | 9.43M | 9.43M | 11.71M | 8.23M | 18.85M | 20.59M |
| Cash, Cash Equivalents and Short-Term Investments | 1.38M | 1.38M | 2.04M | 221.36K | 1.61M | 2.42M |
| Total Debt | 0 | 0 | 0 | 498.84K | 7.24M | 8.30M |
| Total Liabilities | 467.36K | 467.36K | 554.38K | 1.14M | 8.46M | 9.79M |
| Stockholders Equity | 8.96M | 8.96M | 11.16M | 7.08M | 10.39M | 10.80M |
Cash Flow | ||||||
| Free Cash Flow | -202.00K | -202.00K | -794.54K | -159.45K | 1.98M | -3.55M |
| Operating Cash Flow | -202.00K | -202.00K | -794.54K | -159.45K | -166.91K | -219.27K |
| Investing Cash Flow | -800.00K | -800.00K | -750.00K | 0 | 1,902 | -3.33M |
| Financing Cash Flow | 345.91K | 345.91K | 3.36M | 157.30K | 377.15K | 5.12M |
MEC Resources Ltd Peers Comparison
Overall Rating
AU:PRM50Neutral- AU:MMR42Neutral
AU:VEN39Underperform
AU:WEL37Underperform
AU:KEY30Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| AU:PRM | 50Neutral | AUD 2.71M | 0.15 | 269.40% | ― | ― | ― |
| AU:MMR | 42Neutral | AUD 3.74M | -1.43 | -26.82% | ― | ― | -1500.00% |
| AU:VEN | 39Underperform | AUD 2.44M | -0.06 | 523.36% | ― | -35.27% | -576.00% |
| AU:WEL | 37Underperform | AUD 1.71M | -0.88 | -27.74% | ― | -20.37% | 36.84% |
| AU:KEY | 30Underperform | AUD 3.47M | -7.45 | -30.11% | ― | ― | 44.72% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:PRM | Prominence Energy Limited | ― | ― | ― | |
| AU:VEN | Vintage Energy Ltd. | ― | ― | ― | |
| AU:WEL | Winchester Energy Ltd | ― | ― | ― | |
| AU:KEY | Key Petroleum Limited | 0.08 | 0.02 | 30.16% |
MEC Resources Ltd Corporate Events
MEC Resources updates ASX governance disclosures for FY 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 the...
Advent Energy Releases Annual Financial Report for 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 opinion...
MEC Resources Quarterly Update Highlights Energy Focus and PEP11 Court Setback
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. Th...
MEC Resources Reports Advent Energy Appeal Over Federal Court PEP11 Ruling
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. ME...
MEC Resources Notes Advent Appeal Over PEP11 Federal Court Ruling
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. The...
MEC Resources Faces Federal Court Setback on PEP11 but Pursues Renewal and Appeal Options
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 Pe...
MEC Resources Halts Trading Ahead of Federal Court Ruling on PEP-11
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 in M...
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.
Date of analysis: Sep 06, 2026