Financial News
New Concept Energy, Inc. Reports Third Quarter 2025 Results
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 |
|
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20251112892120/en/
Contacts
New Concept Energy, Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
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