Barnwell Industries, Inc. Reports Financial Results for Fiscal Year Ended September 30, 2025

Barnwell Industries, Inc. reported financial results for its fiscal year ended September 30, 2025. The company had revenue from continuing operations of $3,022,000 and a net loss from continuing operations of $2,429,000, or $0.24 per share, for the fourth quarter. For the fiscal year, revenue from continuing operations was $13,697,000 and the net loss from continuing operations was $7,103,000, or $0.71 per share. The increased net loss for the year was attributed to higher general and administrative expenses from shareholder consent solicitation costs, a loss on the sale of U.S. oil and natural gas interests, lower commodity prices, reduced production, and softer results in the land investment segment. The company completed a private placement offering in November 2025, raising approximately $2,443,000 for general corporate purposes, which is part of its plan to focus on high-return opportunities and streamline operations. Barnwell also entered into an agreement for the surrender of rights for Increment II for $2,000,000 and is planning to close its Honolulu office in early 2026, relocating its headquarters to Houston, Texas, and Calgary, Alberta, to further streamline operations and reduce expenses.