New Concept Energy, Inc., a Dallas-based company, reported its financial results for the second quarter of 2025.
The company reported a net loss from continuing operations of ($18,000) for the quarter, compared to a net income of $3,000 in the same period in 2024.
Revenue for the quarter totaled $40,000, with $26,000 from rental income and $14,000 from management fees.
Net Income Comparison
Net loss of ($18,000) in Q2 2025 versus net income of $3,000 in Q2 2024.
Revenue Breakdown
$26,000 from rental income and $14,000 from management fees in Q2 2025.
Expenses
Corporate general & administrative expenses were $85,000 in Q2 2025.
- Despite an increase in revenue, the company experienced a significant net loss due to higher expenses.
- Interest income decreased from the previous year, impacting the overall financial performance.
The second quarter results reflect a challenging period for New Concept Energy Inc., with a notable decrease in net income and changes in revenue composition. The company will need to address its expense management to improve future profitability.