Here are the 10-K annual reports from Altex Indus Inc (ALTX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ALTX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALTX filings page.
Altex Industries, Inc., a tiny oil and gas royalty-focused company, reported a net loss of $192,000 for the year ended September 30, 2025, compared with net income of $437,000 a year earlier. The swing mainly reflects the absence of a prior-year $525,000 gain on the sale of Utah mineral interests and higher general and administrative expenses of $320,000, which rose from $233,000 after recognizing a $94,000 bonus under the CEO’s employment agreement.
Oil and gas sales remained small at $18,000 in 2025 versus $23,000 in 2024, with net production of 300 barrels of oil and 400 Mcf of gas. Cash and cash equivalents were $2.545 million and total stockholders’ equity was $1.342 million, while related-party accrued compensation owed to the president reached $1.235 million, which he may demand at any time. The company repurchased and retired 41,880 shares at an average of $0.29 per share, and the CEO beneficially owned 64.7% of the 11,187,640 shares outstanding as of November 28, 2025.