New Concept Energy, Inc. (NYSE American: GBR) reported its financial results for the second quarter of 2025.
The company experienced a net loss from continuing operations of ($18,000) for the quarter, contrasting with a net income of $3,000 in the same period of 2024.
Revenue for the quarter reached $40,000, with $26,000 from rental income and $14,000 from management fees.
Net Loss in Q2 2025
The company reported a net loss of ($18,000) in the second quarter, compared to a net income of $3,000 in the same period of 2024.
Revenue Breakdown
Revenue in Q2 2025 was $40,000, comprising $26,000 from rental income and $14,000 from management fees.
Operating Expenses Increase
Corporate general & administrative expenses rose to $85,000 in Q2 2025 from $78,000 in Q2 2024.
Interest Income Decline
Interest income decreased to $42,000 in Q2 2025 compared to $56,000 in Q2 2024.
- New Concept Energy, Inc. faced a challenging second quarter of 2025 with a net loss from operations and a drop in interest income.
- The increase in operating expenses and the decline in interest income contributed to the overall financial performance of the company.
Despite facing a net loss in Q2 2025, New Concept Energy continues to focus on its real estate assets in West Virginia and management services for an oil and gas company.