New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2025 Results
DALLAS--( BUSINESS WIRE)--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
December 31,
2025
2024
$
383
$
363
13
9
396
372
622
636
3,542
3,542
-
44
3,542
3,586
$
4,560
$
4,594
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
December 31,
2025
2024
$
26
$
20
43
37
69
57
1
1
51
51
63,579
63,579
(59,140
)
(59,094
)
4,491
4,537
$
4,560
$
4,594
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
Year Ended December 31,
2025
2024
$
103
$
101
52
45
155
146
56
48
364
335
420
383
(265
)
(237
)
169
213
50
6
219
219
$
(46
)
$
(18
)
$
(0.01
)
$
(0.01
)
5,132
5,132