InvestSMART

Minerals Exploration Limited (ASX: MEX) - Financials

- Current share price for MEX : $0.065

Minerals Exploration Limited (MEX, formerly Uvre Limited) is a Company that is engaged in exploration activities on its SA Uranium Projects and securing an agreement to acquire OtaGold and its New Zealand Gold Projects which was completed subsequent to financial year end on 14 July 2025. Additionally, exploration continued at the Company's South Australian Uranium Projects.

MEX Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2025 -1.9 ¢ -2.3 ¢ 0 ¢ 0% $0.07 0 0% 20.9%
2024 -3.1 ¢ -2.9 ¢ 0 ¢ 0% $0.09 0 0% -20.9%
2023 -3.9 ¢ -5.1 ¢ 0 ¢ 0% $0.12 0 0% -17.9%

MEX Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$0.00 $1.70 $0.00 0% $0.00 $4,517.00 100%
Note: All dollars in thousands ('000) for the table above

MEX Historical Financials

2025 2024 2023
Revenue ($M)
Operating Margin (%)
Depreciation ($M)
Amortisation ($M)
Net Profit Before Abs ($M) -1.4 -1.2 -2.1
Net Profit After Abs ($M) -1.4 -1.2 -2.1
Income Tax Rate (%)
Net Profit Margin (%)
Employees ($T)
Long Term Debt ($M)
Shareholders Equity ($M) 4.5 5.5 4.8
Return on Capital (%) -30 -23 -43
Return on Equity (%) -30.3 -22.8 -43.3
Payout Ratio (%)

MEX Cashflow

2025 2024 2023
Customer Receipts ($M)
Net Operating Cashflow ($M) -1.12 -1.32 -1.58
Net Investing Cashflow ($M)
Net Financing Cashflow ($M) 1

MEX Market & Earnings

2025 2024 2023
Market Cap ($M) 7 5 5
Net Gearing (%) -57.5 -61.9 -77.6
Net Interest Cover (%) 16.8 14.2 36.8
Dividend Yield (%)
NTA Per Share ($) 0.07 0.09 0.12
EBITDA ($M) -1.46 -1.34 -2.14
EBIT ($M) -1.46 -1.34 -2.14
EBT Before Abs ($M) -1.37 -1.25 -2.08

MEX Balance Sheet

2025 2024 2023
Cash ($M) 2.6 3.38 3.73
Debtors ($M)
Other Debtors ($M) 0.06 0.09 0.03
Prepayments ($M)
Inventories ($M)
Current Investments ($M)
Other Current Assets ($M)
Total Current Assets ($M) 2.66 3.47 3.76
Receivables ($M)
Inventories ($M)
Property, Plant & Equipment ($M)
Accumulated Depreciation ($M)
Intangibles ex. Goodwill ($M)
Goodwill ($M)
Future Income Tax Benefit ($M)
Non-Current Investments ($M)
Other Non-Current Assets ($M) 1.93 2.12 1.23
Total Non-Current Assets ($M) 1.93 2.12 1.23
Total Assets ($M) 4.59 5.59 4.99
Accounts Payable ($M) 0.08 0.14 0.16
Provisions ($M) 0.02
Short Term Debt ($M)
Other Current Liabilities ($M)
Total Current Liabilities ($M) 0.08 0.14 0.18
Creditors ($M)
Long Term Debt ($M)
Provisions ($M) 0.01
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 0.01
Total Liabilities ($M) 0.08 0.14 0.18
Share Capital ($M) 8.96 8.39 6.65
Reserves ex. Share Premium ($M) 1.19 1.61 1.46
Share Premium Reserve ($M)
Retained Profits ($M) -5.64 -4.55 -3.3
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 4.52 5.46 4.81

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