New Concept Energy posts 2025 net loss of $46K

New Concept Energy, Inc. reported a small profit for the fourth quarter of 2025 but a wider loss for the full year.

Accepted by SEC EDGAR 04/07/2026 - 11:24 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

New Concept Energy, Inc. reported a small profit for the fourth quarter of 2025 but a wider loss for the full year. For the quarter ended December 31, 2025, the company generated net income of $12,000, compared with a net loss of $19,000 a year earlier.

For the full year 2025, New Concept Energy recorded a net loss of $46,000, deeper than the $18,000 loss for the year ended December 31, 2043. Total 2025 revenues were $155,000, up slightly from $146,000, driven by modest growth in rent and management fees, while operating expenses and lower interest income offset these gains.

At December 31, 2025, the company reported total assets of $4.56 million and stockholders’ equity of $4.49 million, including cash and cash equivalents of $383,000. Results were furnished in a press release attached as an exhibit.

Positive

• None.

Negative

• Full-year loss widened despite higher revenue: Net loss applicable to common shares increased to $46,000 in 2025 from $18,000 in the prior year, as higher operating expenses and lower interest income offset modest revenue growth.

Insights

Small-cap earnings analyst

Quarter turns profitable, but full-year loss widens on higher costs.

New Concept Energy showed a modest turnaround in Q4 2025 with net income of $12,000 versus a $19,000 loss the prior year’s quarter. Full-year revenue edged up to $155,000, mainly from slightly higher rent and management fee income.

However, operating expenses rose to $420,000 from $383,000, and interest income declined to $169,000, leading to a larger full-year net loss of $46,000 compared with $18,000. A one-time $50,000 collection on a previously reserved note supported other income.

The balance sheet remains relatively small but simple, with total assets of $4.56 million and equity of $4.49 million as of December 31, 2025. Future disclosures in company communications may clarify whether cost trends stabilize or continue to pressure profitability.

8-K Event Classification

Item 2.02 — Results of Operations and Financial Condition

1 item

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Key Figures

Q4 2025 net income: $12,000 Full-year net loss 2025: $46,000 Total revenues 2025: $155,000 +5 more

8 metrics

Q4 2025 net income $12,000 Three months ended December 31, 2025

Full-year net loss 2025 $46,000 Year ended December 31, 2025, vs $18,000 prior year

Total revenues 2025 $155,000 Rent $103,000 and management fees $52,000 in 2025

Total operating expenses 2025 $420,000 Operating expenses and corporate G&A for 2025

Interest income 2025 $169,000 Down from $213,000 in 2024 due to lower variable rate

Total assets $4.56 million Total assets as of December 31, 2025

Cash and cash equivalents $383,000 Cash position at December 31, 2025

Stockholders’ equity $4.49 million Equity balance at December 31, 2025

Key Terms

management fee, general and administrative expenses, accumulated deficit, additional paid-in capital, +1 more

5 terms

management fee financial

"The management agreement has the Company receiving a management fee of 10% of oil and gas revenue."

A management fee is the regular charge that a fund or investment firm takes for running and overseeing investors’ money, typically expressed as a percentage of assets under management. It matters because this ongoing cost reduces the net returns you receive—like paying a caretaker a slice of a garden’s harvest—and higher fees can significantly erode long-term investment gains.

general and administrative expenses financial

"General and administrative expenses were $364,000 in 2025 and $335,000 in 2024."

Costs a company pays to run its basic operations that are not directly tied to making a product or delivering a service, such as executive salaries, office rent, utilities, accounting, legal and human resources. Investors care because these steady overhead costs reduce profits and cash flow regardless of sales volume, so changes in them reveal how efficiently management runs the business—like household bills that shrink or grow independently of how much you earn.

accumulated deficit financial

"Accumulated deficit | | | (59,140 | ) | | | (59,094 | )"

Accumulated deficit is the running total of a company’s past net losses minus any profits, showing how much the business has eaten into its own funds over time—think of it like a bank account that’s been overdrawn by repeated shortfalls. It matters to investors because a large accumulated deficit reduces the cushion that protects owners and creditors, can limit dividends or borrowing, and signals how much funding the company may need to reach profitability.

additional paid-in capital financial

"Additional paid-in capital | | | 63,579 | | | | 63,579 |"

Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.

net loss per common share-basic and diluted financial

"Net loss per common share-basic and diluted | | $ | (0.01 | )"

Earnings Snapshot

Total revenue: $155,000

Q4 and FY 2025

Total revenue $155,000 up from $146,000 in 2024

Net income (Q4 2025) $12,000 improved from $19,000 net loss in Q4 2024

Net loss (FY 2025) $46,000 wider than $18,000 prior year loss

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did New Concept Energy (GBR) perform in Q4 2025?

New Concept Energy reported net income of $12,000 for Q4 2025, improving from a $19,000 net loss in the same quarter of 2024. The improvement reflects slightly higher revenues and other income relative to operating costs.

What was New Concept Energy’s full-year 2025 net result?

For 2025, New Concept Energy recorded a net loss of $46,000, compared to a $18,000 net loss for the prior year period. Modest revenue growth was outweighed by higher operating expenses and reduced interest income over the year.

How did New Concept Energy’s 2025 revenues compare to 2024?

Total revenues in 2025 were $155,000, slightly above $146,000 in 2024. Rent revenue increased to $103,000 from $101,000, and management fees rose to $52,000 from $45,000, reflecting higher oil and gas-related activity.

What were New Concept Energy’s key operating expenses in 2025?

Operating expenses totaled $420,000 in 2025, up from $383,000 in 2024. Real estate operating costs were $56,000 versus $48,000, and corporate general and administrative expenses were $364,000 versus $335,000, contributing to the wider annual loss.

What does New Concept Energy’s 2025 balance sheet show?

As of December 31, 2025, New Concept Energy reported total assets of $4.56 million and stockholders’ equity of $4.49 million. Cash and cash equivalents were $383,000, and note receivable balances totaled $3.54 million, highlighting a largely asset-based capital structure.

Did New Concept Energy report any notable one-time income in 2025?

Yes. In Q4 2025, New Concept Energy collected $50,000 on an old note receivable that had been fully reserved. This collection was reported as other income and supported total other income of $219,000 for the year, matching 2024’s level.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

Date of Report (Date of earliest event reported): March 31, 2026

NEW CONCEPT ENERGY, INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada	000-08187	75-2399477
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
1603 LBJ Freeway, Suite 800 Dallas, Texas		75234
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 972-407-8400

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 30.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on which Registered
Common Stock, par value $0.01	GBR	NYSE American

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (‘230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (‘240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨

Section 2 – Financial Information Statements

Item 2.02. Results of Operations and Financial Condition.

On March 31, 2026, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended December 31, 2025. A copy of the announcement is attached as Exhibit “99.1.”

The information furnished pursuant to Item 2.02 in this Form 8-K, including Exhibit “99.1” attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no duty or obligation to publicly update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.

Section 9 – Financial Statements and Exhibits

Item 99.2 Financial Statements and Exhibits.

(d)       Exhibits.       The following exhibit is furnished with this Report:

Exhibit Designation		Description
99.1*		Press Release, dated March 31, 2026

_________________________

* Furnished herewith

Dated: April 6, 2026.

	NEW CONCEPT ENERGY, INC.
	By:	/s/ Gene S. Bertcher
		Gene S. Bertcher, President, Chief
		Executive and Financial
		Officer

Exhibit 99.1

NEWS RELEASE   FOR IMMEDIATE RELEASE   Contact:   New Concept Energy Inc. Gene Bertcher (800) 400-6407 info@newconceptenergy.com      

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

Dallas (March 31, 2026) 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 2025 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.

Contact:

New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@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 stockholdrs' 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
Operatingf 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

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99 EXHIBIT 99.1 42.5 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB