New Concept Energy, Inc. Reports Third Quarter 2025 Results

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 third quarter ended September 30, 2025.

The Company reported a net loss of ($20,000) for the three months ended September 30, 2024, as compared to a net loss of ($4,000) for the similar period in 2023.

For the three months ended September 30, 2025 the Company had revenue of $39,000 including $26,000 for rental revenue and $13,000 for management fees as compared to revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees for the comparative period in 2024.

For the three months ended September 30, 2025, corporate general & administrative expenses were $88,000 as compared to $79,000 for the comparable periods in 2024.

For the three months ended September 30, 2024, interest income was $43,000 as compared to $52,000 for the comparable periods in 2024.

New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
		September 30, 2025			December 31, 2024
		(Unaudited)			(Audited)
Assets
Current assets
Cash and cash equivalents		$	307		$	363
Other current assets			27			9
Total current assets			334			372
Property and equipment, net of depreciation
Land, buildings and equipment			626			636
Note and interest receivable - related party
Note receivable			3,542			3,542
Interest receivable			40			44
			3,582			3,586
Total assets		$	4,542		$	4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)
	September 30, 2025				December 31, 2024
	(Unaudited)				(Audited)
Liabilities and stockholders' equity
Current liabilities
Accounts payable	$	27			$	20
Accrued expenses		36				37
Total current liabilities		63				57
Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and		1				1
outstanding at September 30, 2025 and December 31, 2024
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 5,131,934 shares
at September 30, 2025 and December 31, 2024		51				51
Additional paid-in capital		63,579				63,579
Accumulated deficit		(59,152	)			(59,094	)
Total stockholders' equity		4,479				4,537
Total liabilities & stockholders' equity	$	4,542			$	4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended September 30,								For the Nine Months ended September 30,
	2025				2024				2025				2024
Revenue
Rent	$	26			$	26			$	78			$	76
Management Fee		13				11				39				34
Total Revenues		39				37				117				110
Operating Expenses
Operating Expenses		14				14				41				39
Corporate general and administrative		88				79				262				235
Total Operating Expenses		102				93				303				274
Loss from operations		(63	)			(56	)			(186	)			(164	)
Other Income
Interest income from related parties		40				50				117				160
Interest income from a third party		3				2				11				5
Total Other Income		43				52				128				165
Net income (loss) applicable to common shares	$	(20	)		$	(4	)		$	(58	)		$	1
Net income (loss) per common share-basic and diluted	$	(0.01	)		$	(0.01	)		$	(0.01	)		$	0.01
Weighted average common and equivalent shares outstanding - basic and diluted		5,132				5,132				5,132				5,132

 

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New Concept Energy, Inc.

Investor Relations

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

Source: New Concept Energy, Inc.