GBR · New Concept Energy, Inc.

New Concept Energy, Inc. announced its Q4 and full year 2025 results via press release dated March 31, 2026. For the fourth quarter ended December 31, 2025, the Company achieved net income of $12,000, a turnaround from the $19,000 net loss in Q4 2024, primarily due to $50,000 other income from collecting a previously fully reserved old note receivable. Full year results showed a net loss of $46,000, wider than the $18,000 loss in 2024. Revenues grew modestly to $155,000 from $146,000, with rent revenue up to $103,000 from $101,000 and management fees increasing to $52,000 from $45,000; the latter reflects a 10% fee on third-party oil and gas revenue, boosted by higher oil and gas prices. Operating expenses increased to $420,000 from $383,000, driven by real estate operating costs rising to $56,000 from $48,000 and general and administrative expenses to $364,000 from $335,000, resulting in a larger operating loss of $265,000 versus $237,000. Interest income fell to $169,000 from $213,000 due to a lower variable interest rate on the note receivable. Balance sheet remains stable with cash at $383,000 (up from $363,000), total assets $4.56 million, low liabilities of $69,000, and equity $4.49 million as of December 31, 2025. The Company owns 191 acres in Parkersburg, West Virginia with 53,000 sq ft structures generating rental income.