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New Concept Energy, Inc. reported the results of its November 19, 2025 annual meeting, where stockholders voted on director elections and auditor ratification. On the October 10, 2025 record date, 5,131,934 shares of common stock and 559 shares of Series B preferred stock were outstanding, and 3,162,693 shares, or 61.62% of the outstanding, were represented to establish a quorum.
All director nominees—Gene S. Bertcher, Richard W. Humphrey, Dan Locklear, Cecelia Maynard, and Robert C. Canham II—received approximately 1.93 to 1.97 million votes each in favor and were elected. Stockholders also ratified Turner Stone & Company as independent registered public accounting firm with 3,153,186 votes for and 9,507 against. Later that day, the board re-elected Gene S. Bertcher as Chairman, President, Chief Executive Officer, and Chief Financial Officer.
New Concept Energy, Inc.
New Concept Energy (GBR) reported Q3 2025 results, showing modest revenue and a small loss. Revenue was $39,000 (rent $26,000; management fees $13,000), versus $37,000 a year ago. Net loss was $20,000, compared with a $4,000 loss in Q3 2024, as corporate G&A rose to $88,000 from $79,000 and interest income declined.
For the nine months, revenue reached $117,000 (up from $110,000), with a net loss of $58,000 versus net income of $1,000 in 2024. Cash was $307,000 at September 30, 2025, down from $363,000 at year-end 2024; current assets were $334,000 and current liabilities $63,000. The company holds an unsecured related‑party note receivable of $3,542,000 bearing SOFR (4.24% at September 30, 2025) due September 30, 2027, which drove $128,000 of year‑to‑date interest income, down from $165,000 due to lower rates.
GBR owns about 190 acres with four structures; approximately 16,000 square feet are leased at $104,000 per annum through October 1, 2029. Shares outstanding were 5,131,934 as of November 11, 2025. Management noted no debt outstanding and no subsequent events.
New Concept Energy (GBR) set its Annual Meeting for November 19, 2025, 10:30 a.m. in Dallas, Texas. Stockholders will vote on two items: electing a Board of five directors and ratifying Turner Stone & Company LLP as independent auditor.
Stockholders of record as of October 10, 2025 may vote. Common shares outstanding were 5,131,934 as of that date. The Board recommends voting FOR both proposals. Voting is available by proxy or online at https://onlineproxyvote.com/GBR/2025.
Governance highlights include fully independent Audit, Compensation, and Governance/Nominating Committees; the Board met five times in 2024. Auditor fees totaled $51,750 in 2024 (audit $48,000; tax $3,750) versus $48,000 in 2023. A related-party Advisory Agreement with Pillar provides services at 0.75% per annum of Gross Asset Value plus an incentive fee, subject to annual renewal and termination notice.
Realty Advisors, Inc. reported a sale of 246,254 shares of New Concept Energy, Inc. (GBR) on 08/28/2025 at a price of $1.15 per share, leaving beneficial ownership of 400,000 shares. The Form 4 was signed by Erik L. Johnson, President, and lists the reporting person as a Director and 10% owner of the issuer.
New Concept Energy, Inc. announced its operational results for the quarter ended June 30, 2025. The company furnished a press release dated August 12, 2025 as Exhibit 99.1 to a current report to share these quarterly results. The exhibit format means detailed financial and operating figures are contained in the press release rather than in the body of the report.