New Concept Energy (GBR) investor relations material

Executive summary

• Reported a net loss of $20,000 for Q3 2025, compared to a net loss of $4,000 in Q3 2024; nine-month net loss was $58,000 versus net income of $1,000 in the prior year period.

• Revenue for Q3 2025 was $39,000, up from $37,000 in Q3 2024; nine-month revenue was $117,000, up from $110,000 year-over-year.

• The company continues to focus on rental income and management fees, with ongoing evaluation of new business opportunities.

• Provides real estate and management services, with operations focused in West Virginia.

Financial highlights

• Rental revenue for Q3 2025 remained steady at $26,000; management fees increased to $13,000 from $11,000 year-over-year.

• Corporate general & administrative expenses rose to $88,000 in Q3 2025 from $79,000 in Q3 2024.

• Interest income declined to $43,000 in Q3 2025 from $52,000 in Q3 2024 due to lower interest rates.

• Cash and cash equivalents at September 30, 2025 were $307,000, down from $363,000 at year-end 2024.

• Net loss per share for Q3 2025 was $(0.01), unchanged from Q3 2024.

Key financial ratios and metrics

• Total assets were $4.54 million as of September 30, 2025, compared to $4.59 million at December 31, 2024.

• Accumulated deficit increased to $59.15 million as of September 30, 2025, from $59.09 million at December 31, 2024.

• Stockholders' equity was $4.48 million at September 30, 2025, down from $4.54 million at year-end 2024.

• Weighted average shares outstanding remained at 5,132,000.

• Net operating loss carryforwards total approximately $6.5 million, with $4.8 million expiring between 2025 and 2036.