New Concept Energy, Inc. Reports Third Quarter 2025 Results

NEWS RELEASE FOR IMMEDIATE RELEASE Contact: New Concept Energy Inc. Investor Relations Gene Bertcher, (800) 400-6407 info@newconceptenergy.com 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