New Concept Energy (GBR) Q1 2025 earnings summary

Executive summary

• Report covers the quarter ended March 31, 2025, with 5,131,934 shares of common stock outstanding as of May 14, 2025.

• Reported a net loss from continuing operations of $20,000 for Q1 2025, compared to net income of $2,000 in Q1 2024.

• Revenue for Q1 2025 was $38,000, including $26,000 in rental income and $12,000 in management fees, flat year-over-year.

• Operations focus on rental income from West Virginia property and management fees from a consulting agreement.

Financial highlights

• Net loss of $20,000 for Q1 2025, compared to net income of $2,000 in Q1 2024.

• Revenue for Q1 2025 was $38,000, up from $36,000 in Q1 2024.

• Corporate general & administrative expenses increased to $89,000 in Q1 2025 from $78,000 in Q1 2024.

• Operating expenses totaled $101,000 in Q1 2025, up from $91,000 in Q1 2024.

• Interest income from related parties was $43,000 in Q1 2025, down from $57,000 in Q1 2024.

Key financial ratios and metrics

• Total assets were $4.57 million and total shareholders' equity was $4.52 million at quarter-end.

• Net loss per share was $(0.01) for Q1 2025, compared to $0.01 per share in Q1 2024.

• Current ratio at March 31, 2025, was 8.1x ($390,000 current assets / $48,000 current liabilities).

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