New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2025 Results

Key Terms

series b convertible preferred stock financial

Series B convertible preferred stock is a class of shares sold during a later-stage private financing that combines features of a loan and common stock: it usually pays priority dividends or has a priority claim if the company is sold, and it can be converted into common shares under predefined rules. Investors care because these shares affect ownership stakes and payout order—like having a reserved place in line and a ticket that can turn into regular ownership—so they influence potential returns and dilution for other shareholders.

note receivable financial

A note receivable is a formal, written promise from a borrower to pay a lender a specific amount plus interest by a set date; the lender records it as an asset that represents expected future cash. For investors, it signals a company’s upcoming cash flow and credit exposure—like a timed IOU—so size, interest rate and the borrower’s reliability affect the company’s liquidity and risk profile.

accounts payable financial

Accounts payable are the short-term bills a company owes to suppliers or service providers for goods and services it has already received but not yet paid for — like a stack of IOUs from the business to its vendors. Investors watch accounts payable because rising or falling balances affect a company’s cash on hand and short-term financial health, signaling how well it can cover obligations, manage cash flow, and fund operations without borrowing.

interest income financial

Interest income is the money a company or investor earns from lending funds or holding interest-bearing assets like bonds, savings, or loans—think of it as the ‘rent’ paid for using someone’s money. It matters to investors because it contributes to a firm’s profits and cash flow, and it can rise or fall with interest rates, revealing sensitivity to market conditions and affecting overall financial health.

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DALLAS--(BUSINESS WIRE)-- New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2025.

During the three months ended December 31,2025 the Company reported net income of $12,000 compared to a net loss of $19,000 for the same period ended December 31, 2024.

For the full year ended December 31, 2025 the Company reported a net loss of $46,000 compared to a net loss of $18,000 for the same period ended December 31, 2043.

Fiscal 2025 as compared to 2024

Revenues: Revenues from rent for the leased property was $103,000 in 2025 and $101,000 in 2024. Revenues from managing the oil and gas operations for a third party was $52,000 and $45,000 in 2025 and 2024. The management agreement has the Company receiving a management fee of 10% of oil and gas revenue. The increase in management fees is due to an increase in revenue due to an increase in oil and gas prices.

Operating Expenses: Operating expenses for the real estate property was $56,000 in 2025 and $48,000 in 2024. General and administrative expenses were $364,000 in 2024 and $335,000 in 2024.

Interest Income: Interest Income was $169,000 in 2025 and $213,000 in 2024. The note receivable has a variable interest rate and in 2025 the interest rate was lower.

Other Income: In the fourth quarter of 2025 the Company collected $50,000 for an old note receivable that had been previously fully reserved.

About New Concept Energy, Inc.

New Concept Energy, Inc. is a Dallas-based company which owns 191 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. For more information, visit the Company’s website at www.newconceptenergy.com.

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
	December 31,
	2025				2024
Assets
Current assets
Cash and cash equivalents	$	383			$	363
Other current assets		13				9
Total current assets		396				372
Property and equipment, net
Land, buildings and equipment		622				636
Note and interest receivable
Note receivable		3,542				3,542
Interest receivable		-				44
		3,542				3,586
Total assets	$	4,560			$	4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share amounts)
	December 31,
		2025				2024
Liabilities and stockholders' equity
Current liabilities
Accounts payable - trade (including $6 in 2025 and $7 in 2024 due to Pillar)	$	26			$	20
Accrued expenses		43				37
Total current liabilities		69				57
Stockholders' equity
Series B convertible preferred stock, $10 par value,
authorized 100,000 shares, issued and outstanding one share		1				1
Common stock, $.01 par value; authorized 100,000,000
shares; issued and outstanding, 5,131,934 shares
at December 31, 2025 and 2024		51				51
Additional paid-in capital		63,579				63,579
Accumulated deficit		(59,140	)			(59,094	)
Total stockholders' equity		4,491				4,537
Total liabilities & stockholders' equity	$	4,560			$	4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)
	Year Ended December 31,
		2025				2024
Revenue
Rent	$	103			$	101
Management fee		52				45
Total Revenues		155				146
Operating expenses
Operating expenses		56				48
Corporate general and administrative		364				335
Total operating expenses		420				383
Loss from operations		(265	)			(237	)
Other income
Interest income		169				213
Other income		50				6
Total other income		219				219
Net loss applicable to common shares	$	(46	)		$	(18	)
Net loss per common share-basic and diluted	$	(0.01	)		$	(0.01	)
Weighted average common and equivalent shares outstanding - basic and diluted		5,132				5,132

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331988921/en/

New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com

Source: New Concept Energy, Inc.