| Schedule of financial information related to reporting segments |
The following table presents certain financial information related to Barnwell’s reporting segments. All revenues reported are from external customers with no intersegment sales or transfers. | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
March 31, | | Six months ended
March 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues: | | | | | | | | | Oil and natural gas | $ | 2,483,000 | | | $ | 3,543,000 | | | $ | 5,113,000 | | | $ | 7,440,000 | | | | | | | | | | | Land investment | — | | | — | | | 70,000 | | | — | | | Other | 14,000 | | | 22,000 | | | 45,000 | | | 33,000 | | | Total before interest income | 2,497,000 | | | 3,565,000 | | | 5,228,000 | | | 7,473,000 | | | Interest income | 38,000 | | | 4,000 | | | 53,000 | | | 30,000 | | | Total revenues | $ | 2,535,000 | | | $ | 3,569,000 | | | $ | 5,281,000 | | | $ | 7,503,000 | | | Cost and expenses: | | | | | | | | | Oil and natural gas | $ | 1,843,000 | | | $ | 1,986,000 | | | $ | 3,914,000 | | | $ | 4,482,000 | | | Depletion, depreciation, and amortization: | | | | | | | | | Oil and natural gas | $ | 553,000 | | | $ | 753,000 | | | $ | 1,144,000 | | | $ | 1,657,000 | | | | | | | | | | | Other | 8,000 | | | 1,000 | | | 9,000 | | | 1,000 | | | Total depletion, depreciation, and amortization | $ | 561,000 | | | $ | 754,000 | | | $ | 1,153,000 | | | $ | 1,658,000 | | | Impairment: | | | | | | | | | Oil and natural gas | $ | — | | | $ | 52,000 | | | $ | — | | | $ | 665,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | Operating profit (before general and administrative expenses): | | | | | | | | | Oil and natural gas | $ | 87,000 | | | $ | 752,000 | | | $ | 55,000 | | | $ | 636,000 | | | | | | | | | | | Land investment | — | | | — | | | 70,000 | | | — | | | Other | 6,000 | | | 21,000 | | | 36,000 | | | 32,000 | | | | | | | | | | | Total operating profit | 93,000 | | | 773,000 | | | 161,000 | | | 668,000 | | | Equity in income of affiliates: | | | | | | | | | Land investment | 338,000 | | | — | | | 338,000 | | | — | | | General and administrative expenses | (1,521,000) | | | (2,162,000) | | | (3,137,000) | | | (3,325,000) | | | Foreign currency gain (loss) | (58,000) | | | (10,000) | | | (11,000) | | | (341,000) | | | Interest expense | — | | | 1,000 | | | — | | | (1,000) | | | Interest income | 38,000 | | | 4,000 | | | 53,000 | | | 30,000 | | | | | | | | | | | | | | | | | | | Loss from continuing operations before income taxes | $ | (1,110,000) | | | $ | (1,376,000) | | | $ | (2,596,000) | | | $ | (2,969,000) | |
Capital Expenditures: | | | | | | | | | | | | | | Six months ended March 31, | | | 2026 | | 2025 | | Oil and natural gas | $ | 222,000 | | | $ | 112,000 | | | | | | | Other | — | | | — | | | Total | $ | 222,000 | | | $ | 112,000 | |
Assets By Segment: | | | | | | | | | | | | | | | | | | March 31,
2026 | | September 30,
2025 | Oil and natural gas (1) | | | | | Canada | $ | 8,516,000 | | | $ | 11,118,000 | | | | | | | | | | | | | | | Other: | | | | | Cash and cash equivalents | 4,016,000 | | | 2,886,000 | | | | | | | | | | | Asset for retirement benefits | 6,184,000 | | | 5,928,000 | | | Corporate and other | 2,831,000 | | | 880,000 | | | Total | $ | 21,547,000 | | | $ | 20,812,000 | |
______________ (1) Primarily located in the province of Alberta, Canada.
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| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
Long-Lived Assets By Geographic Area: | | | | | | | | | | | | | | March 31,
2026 | | September 30,
2025 | | United States | $ | 6,198,000 | | | $ | 5,965,000 | | | Canada | 8,928,000 | | | 9,617,000 | | | Total | $ | 15,126,000 | | | $ | 15,582,000 | |
Revenue By Geographic Area: | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
March 31, | | Six months ended
March 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | United States | $ | — | | | $ | 376,000 | | | $ | 70,000 | | | $ | 731,000 | | | Canada | 2,497,000 | | | 3,189,000 | | | 5,158,000 | | | 6,742,000 | | | Total (before interest income) | $ | 2,497,000 | | | $ | 3,565,000 | | | $ | 5,228,000 | | | $ | 7,473,000 | |
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