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 Third Quarter 2025 Results
Dallas (November 12, 2025) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the third quarter ended September 30, 2025.
The Company reported a net loss of ($20,000) for the three months ended September 30, 2024, as compared to a net loss of ($4,000) for the similar period in 2023.
For the three months ended September 30, 2025 the Company had revenue of $39,000 including $26,000 for rental revenue and $13,000 for management fees as compared to revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees for the comparative period in 2024.
For the three months ended September 30, 2025, corporate general & administrative expenses were $88,000 as compared to $79,000 for the comparable periods in 2024.
For the three months ended September 30, 2024, interest income was $43,000 as compared to $52,000 for the comparable periods 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)
| September 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 307 | $ | 363 | ||||
| Other current assets | 27 | 9 | ||||||
| Total current assets | 334 | 372 | ||||||
| Property and equipment, net of depreciation | ||||||||
| Land, buildings and equipment | 626 | 636 | ||||||
| Note and interest receivable - related party | ||||||||
| Note receivable | 3,542 | 3,542 | ||||||
| Interest receivable | 40 | 44 | ||||||
| 3,582 | 3,586 | |||||||
| Total assets | $ | 4,542 | $ | 4,594 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)
| September 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| Liabilities and stockholders' equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 27 | $ | 20 | ||||
| Accrued expenses | 36 | 37 | ||||||
| Total current liabilities | 63 | 57 | ||||||
| Stockholders' equity | ||||||||
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at September 30, 2025 and December 31, 2024 | 1 | 1 | ||||||
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at September 30, 2025 and December 31, 2024 | 51 | 51 | ||||||
| Additional paid-in capital | 63,579 | 63,579 | ||||||
| Accumulated deficit | (59,152 | ) | (59,094 | ) | ||||
| Total stockholders' equity | 4,479 | 4,537 | ||||||
| Total liabilities & stockholders' equity | $ | 4,542 | $ | 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 September 30, | For the Nine Months ended September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | ||||||||||||||||
| Rent | $ | 26 | $ | 26 | $ | 78 | $ | 76 | ||||||||
| Management Fee | 13 | 11 | 39 | 34 | ||||||||||||
| Total Revenues | 39 | 37 | 117 | 110 | ||||||||||||
| Operating Expenses | ||||||||||||||||
| Operating Expenses | 14 | 14 | 41 | 39 | ||||||||||||
| Corporate general and administrative | 88 | 79 | 262 | 235 | ||||||||||||
| Total Operating Expenses | 102 | 93 | 303 | 274 | ||||||||||||
| Loss from operations | (63 | ) | (56 | ) | (186 | ) | (164 | ) | ||||||||
| Other Income | ||||||||||||||||
| Interest income from related parties | 40 | 50 | 117 | 160 | ||||||||||||
| Interest income from a third party | 3 | 2 | 11 | 5 | ||||||||||||
| Total Other Income | 43 | 52 | 128 | 165 | ||||||||||||
| Net income (loss) applicable to common shares | $ | (20 | ) | $ | (4 | ) | $ | (58 | ) | $ | 1 | |||||
| Net income (loss) per common share-basic and diluted | $ | (0.01 | ) | $ | (0.01 | ) | $ | (0.01 | ) | $ | 0.01 | |||||
| Weighted average common and equivalent shares outstanding - basic and diluted | 5,132 | 5,132 | 5,132 | 5,132 | ||||||||||||