Exhibit 99.1
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NEWS RELEASE
FOR IMMEDIATE RELEASE
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Contact:
New Concept Energy Inc. Investor Relations Gene Bertcher, (800) 400-6407 info@newconceptenergy.com
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New Concept Energy, Inc. Reports Second Quarter 2025 Results
Dallas (August 12, 2025) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2025.
The Company reported a net loss from continuing operations of ($18,000) for three months ended June 30, 2025, as compared to net income of $3,000 for the similar period in 2024.
For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees. For the three months ended June 30, 2024 the Company had revenue of $37,000 including $25,000 for rental income and $12,000 in management fees.
For the three months ended June 30, 2025, corporate general & administrative expenses were $85,000 as compared to $78,000 for the comparable period in 2024.
For the three months ended June 30, 2025, interest income was $42,000 as compared to $56,000 for the comparable period in 2024.
New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.
Contact: New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
| June 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 356 | $ | 363 | ||||
| Other current assets | 47 | 9 | ||||||
| Total current assets | 403 | 372 | ||||||
| Property and equipment, net of depreciation | ||||||||
| Land, buildings and equipment | 629 | 636 | ||||||
| Note and interest receivable - related party | ||||||||
| Note receivable | 3,542 | 3,542 | ||||||
| Interest receivable | - | 44 | ||||||
| 3,542 | 3,586 | |||||||
| Total assets | $ | 4,574 | $ | 4,594 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)
| June 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| Liabilities and stockholders' equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 27 | $ | 20 | ||||
| Accrued expenses | 48 | 37 | ||||||
| Total current liabilities | 75 | 57 | ||||||
| Stockholders' equity | ||||||||
| Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and | 1 | 1 | ||||||
| outstanding at June 30, 2025 and December 31, 2024 | ||||||||
| Common stock, $.01 par value; authorized, 100,000,000 | ||||||||
| shares; issued and outstanding, 5,131,934 shares | ||||||||
| at June 30, 2025 and December 31, 2024 | 51 | 51 | ||||||
| Additional paid-in capital | 63,579 | 63,579 | ||||||
| Accumulated deficit | (59,132 | ) | (59,094 | ) | ||||
| Total stockholders' equity | 4,499 | 4,537 | ||||||
| Total liabilities & stockholders' equity | $ | 4,574 | $ | 4,594 | ||||
NEW CONCEPT ENERGY, INC AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(amounts in thousands, except per share data)
| For the Three Months ended June 30, | For the Six Months ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | ||||||||||||||||
| Rent | $ | 26 | $ | 25 | $ | 52 | $ | 50 | ||||||||
| Management fee | 14 | 12 | 26 | 23 | ||||||||||||
| Total revenues | 40 | 37 | 78 | 73 | ||||||||||||
| Operating expenses | ||||||||||||||||
| Operating expenses | 15 | 12 | 27 | 25 | ||||||||||||
| Corporate general and administrative | 85 | 78 | 174 | 156 | ||||||||||||
| Total operating expenses | 100 | 90 | 201 | 181 | ||||||||||||
| Loss from operations | (60 | ) | (53 | ) | (123 | ) | (108 | ) | ||||||||
| Other income | ||||||||||||||||
| Interest income (from related parties) | 42 | 56 | 85 | 113 | ||||||||||||
| Total other income | 42 | 56 | 85 | 113 | ||||||||||||
| Net income (loss) applicable to common shares | $ | (18 | ) | $ | 3 | $ | (38 | ) | $ | 5 | ||||||
| Net income (loss) per common share-basic and diluted | $ | (0.00 | ) | $ | 0.00 | $ | (0.00 | ) | $ | 0.00 | ||||||
| Weighted average common and equivalent shares outstanding - basic and diluted | 5,132 | 5,132 | 5,132 | 5,132 | ||||||||||||