New Concept Energy, Inc. Reports First Quarter 2026 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 First Quarter 2026 Results Dallas (May 7, 2026) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026. The Company reported a net loss from continuing operations of ($14,000) for three months ended March 31, 2026, as compared to a net loss of ( $20,000) for the similar period in 2025. For the three months ended March 31,2026 the Company had revenue of $39,000 including $26,000 for rental income and $13,000 in management fees. For the three months ended March 31,2025 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees. For the three months ended March 31, 2026, corporate general & administrative expenses were $77,000 as compared to $89,000 for the comparable period in 2025. About New Concept Energy, Inc. 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) March 31, 2026 December 31, 2025 (Unaudited) (Audited) Assets Current assets Cash and cash equivalents $ 318 $ 383 Other current assets 62 13 Total current assets 380 396 Property and equipment, net of depreciation Land, buildings and equipment 619 622 Note and interest receivable - related party Note receivable 3,542 3,542 Interest receivable - - 3,542 3,542 Total assets $ 4,541 $ 4,560 NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED (dollars in thousands, except per share value amounts) March 31, 2026 December 31, 2025 (Unaudited) (Audited) Liabilities and stockholders' equity Current liabilities Accounts payable (including $8 due to related parties in 2026 and 2025) $ 25 $ 26 Accrued expenses 39 43 Total current liabilities 64 69 Stockholders' equity Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at March 31, 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 March 31, 2026 and December 31, 2025 51 51 Additional paid-in capital 63,579 63,579 Accumulated deficit (59,154 ) (59,140 ) Total stockholders' equity 4,477 4,491 Total liabilities and stockholders' equity $ 4,541 $ 4,560 NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (amounts in thousands, except per share data) Three Months ended March 31, 2026 2025 (Unaudited) (Unaudited) Revenue Rent $ 26 $ 26 Management fees 13 12 Total Revenues 39 38 Operating Expenses Operating expenses 13 12 Corporate general and administrative 77 89 Total Operating Expenses 90 101 Loss from operations (51 ) (63 ) Other Income Interest income ($34 and $39 from related parties in 2026 and 2025) 37 43 Total Other Income 37 43 Net income (loss) applicable to common shares $ (14 ) $ (20 ) Net income (loss) per common share-basic and diluted $ (0.01 ) $ (0.01 ) Weighted average common and equivalent shares outstanding - basic and diluted 5,132 5,132