New Concept Energy, Inc. reported its Results of Operations for the second quarter ended June 30, 2025.
The company experienced a net loss from continuing operations of ($18,000) for the three months ended June 30, 2025, compared to a net income of $3,000 in the same period in 2024.
Revenue for the second quarter of 2025 was $40,000, with $26,000 from rental income and $14,000 from management fees, slightly higher than the revenue of $37,000 in the second quarter of 2024.
Corporate general and administrative expenses increased to $85,000 in the second quarter of 2025 from $78,000 in the same period in 2024.
Interest income for the second quarter of 2025 was $42,000, a decrease from $56,000 in the second quarter of 2024.
Net Loss in Q2 2025
The company experienced a net loss of ($18,000) in the second quarter of 2025 compared to a net income of $3,000 in the same period in 2024.
Revenue Breakdown
Revenue of $40,000 in Q2 2025 was driven by $26,000 in rental income and $14,000 in management fees, showing a slight increase from the previous year.
Expenses Increase
Corporate general and administrative expenses rose to $85,000 in Q2 2025, up from $78,000 in Q2 2024.
Interest Income Decline
Interest income decreased to $42,000 in Q2 2025 from $56,000 in Q2 2024.
- The financial results indicate challenges for New Concept Energy, Inc. in the second quarter of 2025, particularly with the significant net loss from continuing operations.
- The increase in general and administrative expenses may require the company to evaluate its cost management strategies for future quarters.
- The decline in interest income raises concerns about the company's investment returns and cash flow sustainability in the short term.
- Investors and stakeholders should closely monitor the company's financial performance and management actions to assess its long-term viability.
New Concept Energy, Inc. faces financial headwinds in the second quarter of 2025 with a notable net loss and changes in revenue and expense figures. The company's performance highlights the importance of strategic decision-making and cost efficiency in a challenging economic environment.