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New Concept Energy Inc

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

DALLAS--(BUSINESS WIRE)--Mar. 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 2024 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.

 

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 stockholders' 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

 

 
Operating 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

 

 

New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com

Source: New Concept Energy, Inc.