Barnwell reports $7.1M net loss for FY2025; sells U.S. oil & gas assets, raises $2.4M

BARNWELL INDUSTRIES INC

Revenue from continuing ops $13.7M; net loss $7.1M ($0.71/sh) vs prior year loss increase driven by one-time costs.
Higher G&A from shareholder consent solicitation; loss on sale of U.S. oil & gas working interests in Texas/Oklahoma.
Sale of U.S. oil and gas assets completed; company no longer holds any U.S. oil & gas properties.
November 2025 private placement raised ~$2.44M from 2.22M shares and warrants; proceeds for general corporate purposes.
Honolulu office to close early 2026; corporate headquarters moving to Houston, TX and Calgary, AB.

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