Barnwell reports Q3 loss of $0.15/share; sells U.S. oil & gas assets for $2.3M; going concern doubt

BARNWELL INDUSTRIES INC

2025-Q3 EPS reported -$0.47 revenue$10,695,000

Net loss from continuing ops $1.55M ($0.15/share) vs prior year loss $1.018M ($0.10/share); revenue $3.19M down 29% YoY.
Sold all U.S. oil & gas assets (Texas/Oklahoma) for $2.3M cash; expects ~$700k loss on sale in Q4.
G&A surged 43% to $1.86M due to $657k non-recurring costs from shareholder proxy contest and legal actions.
Company raises substantial doubt about going concern; cites professional fees, tariff impact on oil prices; exploring debt, stock issuance, or sale of Kukio interests.
Annual meeting postponed to Sep 10, 2025 due to Sherwood Group dispute; related costs ongoing.

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