New Concept Energy Inc

newconceptenergy.com

What Do They Do?

Leases office and industrial space to a tenant and provides advisory, accounting and management services to an independent oil and gas company.

How Do They Make Money?

Tenants pay rent for leased property, earned monthly; the independent oil and gas company pays management fees earned quarterly as the company provides services.

revenue

Segment	Share	Revenue	How money arrives
Rent Recurring	66% FY2022: 48%		Recurring
Management Fee Recurring	34% FY2022: 52%		Recurring

Who Are Their Customers?

A tenant leases part of the company's West Virginia building, and an independent West Virginia oil and gas company receives advisory, accounting and management services.

Do Revenues Turn Into Profits?

No. It lost $46K in FY2025.

Operating income, FY2025

−171% of revenue

▲ +12% (Loss) vs FY2024 (−$237K, −162%)

Net income, FY2025

−30% of revenue

▲ +156% (Loss) vs FY2024 (−$18K, −12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +3%; vs $40K in Q2 FY2025
Net income: ▲ +267% (Loss); vs −$18K in Q2 FY2025

Rent share of revenue vs 65.0% in Q2 FY2025

Aug 24, 2026 Shareholders approved a proposed stock issuance to Realty Advisors If completed, Realty Advisors would own 2,400,000 shares, approximately 33.65%, triggering a change in control.

Growing. Revenue grew 53% in 4 years, from $101K in FY2021 to $155K in FY2025, about 11% a year.

Revenue over time

Rent Management Fee

$250K$125K$0

FY2021 FY2022 FY2023 FY2024 FY2025

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