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 2026 Results
Dallas (August 10, 2026) – 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, 2026.
The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.
For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. 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, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025.
For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025.
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, 2026 | December 31, 2025 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 304 | $ | 383 | ||||
| Other current assets | 65 | 13 | ||||||
| Total current assets | 369 | 396 | ||||||
| Property and equipment, net of depreciation | ||||||||
| Land, buildings and equipment | 616 | 622 | ||||||
| Note and interest receivable - related party | ||||||||
| Note receivable | 3,542 | 3,542 | ||||||
| Interest receivable | - | - | ||||||
| 3,542 | 3,542 | |||||||
| Total assets | $ | 4,527 | $ | 4,560 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)
| June 30, 2026 | December 31, 2025 | |||||||
| (Unaudited) | (Audited) | |||||||
| Liabilities and stockholders' equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable (including $8 due to related parties in 2026 and 2025) | $ | 47 | $ | 26 | ||||
| Accrued expenses | 69 | 43 | ||||||
| Total current liabilities | 116 | 69 | ||||||
| Stockholders' equity | ||||||||
| Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at June 30, 2026 and December 31, 2025 | 1 | 1 | ||||||
| Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025 | 51 | 51 | ||||||
| Additional paid-in capital | 63,579 | 63,579 | ||||||
| Accumulated deficit | (59,220 | ) | (59,140 | ) | ||||
| Total stockholders' equity | 4,411 | 4,491 | ||||||
| Total liabilities and stockholders' equity | $ | 4,527 | $ | 4,560 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(amounts in thousands, except per share amounts)
| For the Three Months ended June 30, | For the Six Months ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue | ||||||||||||||||
| Rent | $ | 26 | $ | 26 | $ | 52 | $ | 52 | ||||||||
| Management fee | 15 | 14 | 28 | 26 | ||||||||||||
| Total revenues | 41 | 40 | 80 | 78 | ||||||||||||
| Operating expenses | ||||||||||||||||
| Operating expenses | 13 | 15 | 26 | 27 | ||||||||||||
| Corporate general and administrative | 129 | 85 | 206 | 174 | ||||||||||||
| Total operating expenses | 142 | 100 | 232 | 201 | ||||||||||||
| Loss from operations | (101 | ) | (60 | ) | (152 | ) | (123 | ) | ||||||||
| Other income | ||||||||||||||||
| Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively) | 35 | 42 | 72 | 85 | ||||||||||||
| Total other income | 35 | 42 | 72 | 85 | ||||||||||||
| Net income (loss) applicable to common shares | $ | (66 | ) | $ | (18 | ) | $ | (80 | ) | $ | (38 | ) | ||||
| Net income (loss) per common share-basic and diluted | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.00 | ) | ||||
| Weighted average common and equivalent shares outstanding - basic and diluted | 5,132 | 5,132 | 5,132 | 5,132 | ||||||||||||