EX-99.1 2 ex99_1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

 

Contact:

 

New Concept Energy Inc.

Gene Bertcher

(800) 400-6407

[email protected]

 

 

 

 

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

 

Dallas (March 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 2025 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.

 

Contact:

New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

[email protected]

 

  
 

 

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 stockholdrs' 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 
           
Operatingf 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