Barnwell Industries receives $290k cash from Hawaii Kukio resort partnerships; ongoing asset review

BARNWELL INDUSTRIES INC

Received ~$290,000 cash distribution from minority interests in Kukio Resort partnerships (KD Kona and KKM Makai).
Distribution stems from high-end residential development on Hawaii's Kona coast; episodic but underscores embedded value.
Company continues process to solicit interest for real estate and Canadian energy assets, per March 13, 2026 8-K.
CFO Philip Patman remarks distribution highlights additional value source beyond core energy operations.

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