New Concept Energy, Inc. Reports Third Quarter 2025 Results

News > Business News

Audio By Carbonatix

5:00 PM on Wednesday, November 12

The Associated Press

DALLAS--(BUSINESS WIRE)--Nov 12, 2025--

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