Circle Energy, Inc.

Circle Energy, Inc. (CRCE), an exploration-stage oil and gas company, reported no revenues for the fiscal year ended December 31, 2025, as it remains in startup phase with no producing wells. The company recorded a net loss of $74K, driven entirely by $74K in general and administrative expenses, primarily legal costs for acquisition evaluations. This compares to a net loss of $63,936 in 2024, reflecting a year-over-year increase in losses due to higher expenses. Loss from operations matched the net loss at -$74K, with no other income, taxes, or significant expenses. Balance sheet highlights total assets of $165K, including $111K in cash equivalents and $40K in unproven oil and gas properties not subject to amortization. Current liabilities were minimal at $702, yielding positive working capital. Cash flows showed $76K used in operations, $5K in investing for property purchases, and no financing inflows, resulting in an $81K net decrease. As of December 31, 2025, cash stood at $111K versus $192K at year-end 2024. Forward-looking, the company anticipates substantial expense increases for public company compliance, lease development, and drilling, contingent on securing additional capital amid risks from commodity volatility, inflation, and capital markets for small E&P firms. Strategic focus includes joint ventures and potential acquisitions in Andrews County, Texas.

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