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MEC Resources Ltd
(Sydney:MMR)
MEC Resources Ltd (MMR) vs. iShares MSCI Australia ETF (EWA)
MEC Resources Ltd Business Overview & Revenue Model
MEC Resources Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -1.54K | -446.00 | 0.00 |
| EBITDA | -523.42K | -523.42K | -229.93K | -362.74K | -712.00K | -995.81K |
| Net Income | 207.49K | 207.49K | -492.53K | -480.44K | -1.24M | -1.03M |
Balance Sheet | ||||||
| Total Assets | 11.71M | 11.71M | 8.23M | 18.85M | 20.59M | 9.00M |
| Cash, Cash Equivalents and Short-Term Investments | 2.04M | 2.04M | 221.36K | 1.61M | 2.42M | 130.52K |
| Total Debt | 0.00 | 0.00 | 498.84K | 7.24M | 8.30M | 872.74K |
| Total Liabilities | 554.38K | 554.38K | 1.14M | 8.46M | 9.79M | 1.72M |
| Stockholders Equity | 11.16M | 11.16M | 7.08M | 10.39M | 10.80M | 7.28M |
Cash Flow | ||||||
| Free Cash Flow | -794.54K | -794.54K | -159.45K | 1.98M | -3.55M | -350.58K |
| Operating Cash Flow | -794.53K | -794.54K | -159.45K | -166.91K | -219.27K | -350.58K |
| Investing Cash Flow | -750.00K | -750.00K | 0.00 | 1.90K | -3.33M | 42.76K |
| Financing Cash Flow | 3.36M | 3.36M | 157.30K | 377.15K | 5.12M | 0.00 |
MEC Resources Ltd Peers Comparison
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% | |
49 Neutral | AU$5.64M | ― | -4.05% | ― | 12.37% | 66.67% | |
45 Neutral | AU$9.36M | ― | 2.27% | ― | ― | ― | |
44 Neutral | AU$6.60M | ― | ― | ― | ― | ― | |
43 Neutral | AU$11.79M | -3.13 | -7.92% | ― | ― | 16.52% | |
42 Neutral | AU$4.49M | -1.07 | -147.07% | ― | ― | -36.92% |
MEC Resources Ltd Corporate Events
MEC Resources Ltd has reminded eligible shareholders that its options placement offer, lodged earlier this month, remains open until 20 January 2026, giving investors a low-cost opportunity to maintain or increase exposure to the company’s energy and resources portfolio. Priced at $0.001 per new option, exercisable at $0.03 within 12 months on a 1-for-1 basis for expired MMRO options, the offer aims to raise up to about $359,162 before costs to strengthen working capital and support strategic initiatives, with directors David Breeze and Peter Richards already committing to take up their full entitlements and additional shortfall options available at the board’s discretion.
MEC Resources Ltd has announced a change in the director’s interest notice, specifically regarding David Leslie Breeze. The update details the acquisition of options by Mr. Breeze through entities where he holds directorship and shares, including Grandbridge Ltd and Trandcorp Pty Ltd. This change reflects an increase in Mr. Breeze’s potential future holdings in the company, which could impact his influence and decision-making power within MEC Resources Ltd.
MEC Resources Ltd has announced a non-pro rata offer of securities, with options issued at $0.001 and an expiry of 12 months from the issue date. The maximum number of securities to be issued is 373,535,605, with a closing date for acceptances on January 20, 2026, and a proposed issue date of January 27, 2026. This move is part of the company’s strategy to raise capital, potentially impacting its market positioning by increasing its financial resources.
MEC Resources Ltd is offering up to 359,162,152 New Options at a price of $0.001 per option, aiming to raise approximately $359,162. Additionally, 14,373,453 New Options are being offered to Directors or their nominees. The company emphasizes that these options are highly speculative and advises potential investors to seek professional advice. The offer is being made under an arrangement with Veritas Securities Limited, as MEC Resources does not hold an Australian Financial Services Licence. The company is a disclosing entity under the Corporations Act and is subject to continuous disclosure obligations.
MEC Resources Ltd announced the results of its 2025 Annual General Meeting, where all six resolutions were passed. The resolutions included the adoption of the remuneration report, re-election of a director, and approvals for issuing new options. This outcome reflects shareholder support for the company’s strategic decisions and governance, potentially strengthening its market position and stakeholder confidence.
MEC Resources Ltd highlights the critical state of Australia’s gas supply, emphasizing the need for efficient and timely development of gas resources to ensure long-term energy security. The Australian Competition and Consumer Commission (ACCC) and the Australian Energy Producers have raised concerns about potential gas shortfalls on the east coast, urging for regulatory improvements and investment in new gas projects. Without these measures, Australia risks higher energy prices and supply uncertainties, impacting the economy and energy security.
MEC Resources Ltd has announced a change in the interest of its director, David Leslie Breeze, in the company’s securities. The change involves the expiry of 8,024,224 quoted options held by Breeze as of November 21, 2025, resulting in no options being held after the change. This adjustment in Breeze’s holdings reflects a strategic shift in the company’s securities management, potentially impacting stakeholders’ perception of the company’s financial strategies.
MEC Resources Ltd has provided its quarterly update for the period ending September 30, 2025, highlighting several corporate and operational developments. The company has advanced $500,000 to Advent Energy Ltd as part of a larger investment plan, and issued shares to directors in lieu of accrued fees, extinguishing significant liabilities. Additionally, MEC plans to issue new options to replace expiring ones, allowing stakeholders continued participation in the company’s development. These strategic moves are part of MEC’s broader strategy to leverage its investment mandate and explore new opportunities in the energy sector.
MEC Resources Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 27, 2025, at its South Perth office. The company will not issue physical copies of the meeting notice, instead providing all materials electronically through its website and ASX announcements page. Shareholders are encouraged to submit their proxy forms by November 25, 2025, to participate in the meeting. This move to digital distribution reflects a broader industry trend towards sustainability and cost-efficiency, potentially impacting shareholder engagement and operational transparency.
MEC Resources Limited has announced its upcoming Annual General Meeting, scheduled for November 27, 2025, in South Perth, Western Australia. Shareholders are encouraged to participate either in person or by proxy, with voting rights and procedures clearly outlined. The meeting will address matters affecting shareholders’ interests and provide an opportunity for them to engage with the company’s leadership.
MEC Resources Ltd, listed on the ASX under the code MMR, has announced the expiry of 373,535,605 quoted options, which are currently out of the money. The options, exercisable at $0.03, will expire on November 21, 2025, with official trading ceasing on November 17, 2025. The company plans to seek shareholder approval to issue new options to current holders, allowing them to continue participating in the company’s development. This move could potentially impact stakeholder engagement and the company’s financial strategies.