New Concept Energy, Inc. (NYSE American: GBR) reported its Results of Operations for the third quarter ended September 30, 2025.
The company experienced a net loss of ($20,000) for the three months ended September 30, 2024, compared to a net loss of ($4,000) in the same period in 2023.
Revenue for the third quarter of 2025 totaled $39,000, with $26,000 from rental revenue and $13,000 from management fees.
Corporate general & administrative expenses for the period were $88,000, higher than the previous year.
Interest income decreased from $43,000 in 2024 to $52,000 in 2025.
Net Loss Increase
Net loss widened compared to the same period in 2023, reaching ($20,000) in the third quarter of 2024.
Revenue Breakdown
Revenue sources included $26,000 from rental revenue and $13,000 from management fees in the third quarter of 2025.
Expense Growth
Corporate general & administrative expenses rose to $88,000 for the three months ended September 30, 2025.
- Despite revenue growth, the increased expenses led to a widened net loss for New Concept Energy, Inc.
- The company's focus on rental revenue and management fees as key income sources is evident in the reported results.
New Concept Energy, Inc. faces challenges in managing expenses and sustaining profitability amidst revenue growth. The company's performance in the third quarter of 2025 reflects a strategic shift in revenue sources.