MEXCO ENERGY CORP

For the period ended Dec 31, 2025. Filed Feb 10, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 10, 2026

MXC$8.86-0.6%Stored close · as of Nov 9, 2026

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Contents

Financial Statements Consolidated Balance Sheets as of December 31, 2025 (Unaudited) and March 31, 2025

CONSOLIDATED BALANCE SHEETS

	December 31,	March 31,
	2025	2025
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$2,267,640	$1,753,955
Accounts receivable:
Oil and natural gas sales	742,798	1,113,588
Trade	33,161	67,951
Prepaid costs and expenses	26,473	60,981
Prepaid drilling	417,578	24,381
Total current assets	3,487,650	3,020,856
Property and equipment, at cost
Oil and gas properties, using the full cost method	52,969,316	51,611,782
Other	121,926	121,926
Accumulated depreciation, depletion and amortization	(38,639,712)	(36,637,530)
Property and equipment, net	14,451,530	15,096,178
Investments – cost basis	2,527,429	2,100,000
Operating lease, right-of-use asset	88,705	126,525
Other noncurrent assets	1,075	4,298
Total assets	$20,556,389	$20,347,857
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$184,790	$307,387
Income tax payable	43,320	192,802
Operating lease liability, current	54,550	51,003
Total current liabilities	282,660	551,192
Long-term liabilities
Operating lease liability, long-term	34,155	75,522
Asset retirement obligations	689,133	688,842
Deferred income tax liabilities	293,521	320,604
Total long-term liabilities	1,016,809	1,084,968
Total liabilities	1,299,469	1,636,160
Commitments and contingencies	-	-
Stockholders’ equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding	-	-
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,239,283 shares issued; and, 2,046,000 shares outstanding as of December 31, 2025 and March 31, 2025, respectively	1,119,641	1,119,641
Additional paid-in capital	8,979,074	8,844,953
Retained earnings	11,036,951	10,625,849
Treasury stock, at cost (193,283 shares)	(1,878,746)	(1,878,746)
Total stockholders’ equity	19,256,920	18,711,697
Total liabilities and stockholders’ equity	$20,556,389	$20,347,857

Mexco Energy Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended · Nine Months Ended
December 31, · December 31,
2025 · 2024 · 2025 · 2024
Operating revenue:
Oil sales		$1,098,779		$1,563,663	$3,796,821	$4,595,585
Natural gas sales		203,015		264,741	884,273	616,728
Other		82,093		62,861	251,712	156,014
Total operating revenues		1,383,887		1,891,265	4,932,806	5,368,327
Operating expenses:
Production		302,572		460,241	1,076,435	1,311,066
Accretion of asset retirement obligation		8,053		7,705	24,069	23,229
Depreciation, depletion, and amortization		664,265		636,424	2,002,182	1,760,409
General and administrative		317,524		340,514	1,044,225	1,042,084
Total operating expenses		1,292,414		1,444,884	4,146,911	4,136,788
Operating income		91,473		446,381	785,895	1,231,539
Other income (expenses):
Interest income		23,953		7,315	58,610	50,891
Interest expense		(1,075)		(2,868)	(3,231)	(5,026)
Net other income		22,878		4,447	55,379	45,865
Income before provision for income taxes		114,351		450,828	841,274	1,277,404
Provision for (benefit from) for income taxes		64,106		(18,305)	225,572	200,034
Net income		$50,245		$469,133	$615,702	$1,077,370
Income per common share:
Basic:		$0.02		$0.23	$0.30	$0.52
Diluted:		$0.02		$0.22	$0.30	$0.51
Weighted average common shares outstanding:
Basic:		2,046,000		2,046,000	2,046,000	2,070,086
Diluted:		2,081,932		2,091,808	2,077,222	2,114,936
Dividends declared per share	$	-	$	-	$0.10	$0.10

Mexco Energy Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

	Common Stock Par Value	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Total Stockholders’ Equity
Balance at April 1, 2025	$1,119,641	$8,844,953	$10,625,849	$(1,878,746)	$18,711,697
Net income	-	-	241,951	-	241,951
Dividends paid	-	-	(204,600)	-	(204,600)
Stock based compensation	-	51,208	-	-	51,208
Balance at June 30, 2025	$1,119,641	$8,896,161	$10,663,200	$(1,878,746)	$18,800,256
Net income	-	-	323,506	-	323,506
Stock based compensation	-	43,033	-	-	43,033
Balance at September 30, 2025	$1,119,641	$8,939,194	$10,986,706	$(1,878,746)	$19,166,795
Net income	-	-	50,245	-	50,245
Stock based compensation	-	39,880	-	-	39,880
Balance at December 31, 2025	$1,119,641	$8,979,074	$11,036,951	$(1,878,746)	$19,256,920

	Common Stock Par Value	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Total Stockholders’ Equity
Balance at April 1, 2024	$1,113,458	$8,567,856	$9,122,481	$(1,175,530)	$17,628,265
Net income	-	-	291,039	-	291,039
Dividends paid	-	-	(209,000)	-	(209,000)
Issuance of stock through options exercised	6,183	71,458	-	-	77,641
Purchase of stock	-	-	-	(188,637)	(188,637)
Stock based compensation	-	52,439	-	-	52,439
Balance at June 30, 2024	$1,119,641	$8,691,753	$9,204,520	$(1,364,167)	$17,651,747
Net income	-	-	317,198	-	317,198
Purchase of stock	-	-	-	(514,579)	(514,579)
Stock based compensation	-	51,630	-	-	51,630
Balance at September 30, 2024	$1,119,641	$8,743,383	$9,521,718	$(1,878,746)	$17,505,996
Net income	-	-	469,133	-	469,133
Stock based compensation	-	51,630	-	-	51,630
Balance at December 31, 2024	$1,119,641	$8,795,013	$9,990,851	$(1,878,746)	$18,026,759
SHARE ACTIVITY
Common stock shares, issued:
Balance at April 1, 2025		2,239,283
Issued		-
Balance at December 31, 2025		2,239,283
Common stock shares, held in treasury:
Balance at April 1, 2025		(193,283)
Acquisitions		-
Balance at Dec. 31, 2025		(193,283)
Common stock shares, outstanding at December 31, 2025		2,046,000

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