GBRNYSECrude Petroleum & Natural GasUS GAAP · USD

New Concept Energy, Inc.

New Concept Energy, Inc. is a U.S.-based company that derives revenue from rental income, management fees, and interest income. Its reported business activity centers on owning, leasing, and managing properties, including retirement-community related real estate and other owned or leased properties in the United States.

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Revenue0.2m USD
+6.2 %y/y
Operating profit (EBIT)-0.3m USD
−11.8 %y/y
EBIT margin-171.0%
−8.6 ppy/y
Net income-0.0m USD
−155.6 %y/y
Free cash flow0.0m USD
+100.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-0.4-0.20.00.20.4m USD2020: 0.10 m USD2020: EBIT -0.37 m USD20202021: 0.10 m USD2021: EBIT -0.34 m USD20212022: 0.21 m USD2022: EBIT -0.16 m USD20222023: 0.15 m USD2023: EBIT -0.24 m USD20232024: 0.15 m USD2024: EBIT -0.24 m USD20242025: 0.16 m USD2025: EBIT -0.27 m USD20250.16-0.27
RevenueOperating profit (EBIT)
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Business

Share of revenue
Rental income65 %

Revenue from leasing owned or leased real estate to tenants.

Management fees25 %

Fees earned for managing properties or related real estate assets.

Interest income10 %

Income earned on cash balances and notes receivable.

Products

Reported · share of revenue
66.5%33.5%FY2025100 %
  • Rent66.5 %
  • Management Fee33.5 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves tenants and property users that occupy its rental properties, as well as parties that pay for property management services. Its filings also reference a retirement community, indicating exposure to residents and operators in senior housing-related real estate. Revenue is tied to occupancy, rent levels, and the ability to collect fees and interest from counterparties.

Property tenants

Occupants of the company's rental properties who pay recurring rent.

Property management clients

Owners or operators that pay fees for managing real estate assets.

Retirement community users

Residents and related operators tied to the company's retirement community property.

Receivable counterparties

Tenants, customers, or other debtors that generate interest income or receivables.

Strategy

The company’s stated priorities center on maintaining occupancy, collecting rent and fees, and managing cash flow across its property portfolio. It also highlights the disposition, transition, or restructuring of owned, leased, or managed properties, suggesting a focus on portfolio management and asset-level flexibility.

Maintain occupancy and rent levelsShort term

Rental income depends on occupied space and the ability to charge market rates.

Manage property portfolio transitionsMedium term

Disposition or restructuring activity can affect revenue continuity and asset utilization.

Preserve liquidity and operating flexibilityShort term

A small property-income model is sensitive to cash flow timing and financing access.

Geography

The company’s business is concentrated in the United States, where its properties, tenants, and management activities are located. The filings do not disclose a meaningful country-by-country revenue split, but the operating footprint and regulatory exposure are U.S.-based. As a property owner and manager, local occupancy, permitting, and environmental compliance conditions are important to performance.

Risks

Key risks include tenant occupancy, rent collection, and the ability to maintain market-rate pricing across its properties. The company also faces financing, permitting, environmental, and asset-transition risks that are common in real estate operations but can be amplified for a small portfolio with limited revenue sources.

Sorted by severity
Occupancy and rent-rate riskHigh

Revenue depends on keeping properties occupied and charging market rates.

Exposure: Rental properties and retirement community operations

Financing and liquidity riskHigh

The business may need debt or equity financing to support operations and portfolio actions.

Exposure: Debt and equity funding access

Property transition and permitting riskMedium

Disposition, restructuring, construction, and licensing delays can disrupt operations.

ExposureOwnedLeasedOr managed properties
Environmental liability riskMedium

Real estate assets can carry hazardous substance or petroleum-related obligations.

Exposure: Existing owned or leased properties

Credit and collection riskMedium

Rent and interest income rely on tenants and debtors paying on time.

Exposure: Accounts receivable and notes receivable

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Accounting

Judgemental items
Allowance for doubtful accounts

Management estimates collectability based on past due status, payment history, and debtor condition.

Impact: Affects receivables and bad debt expense

Deferred tax asset valuation allowance

The company recorded a 100% valuation allowance because future taxable income was not deemed probable.

Impact: Affects tax assets and income tax expense

Revenue classification and timing

Revenue includes rental income, management fees, and interest income that may be recognized differently.

Impact: Affects quarterly comparability and revenue mix

Property and environmental estimates

Real estate and environmental assessments can require judgment on asset values and contingencies.

Impact: Affects asset carrying values and potential liabilities

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Last updated: 29/04/2026