Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2025
Aug. 31, 2024
REVENUES:    
Total revenues $ 26,087 $ 28,747
COST OF REVENUES:    
Total cost of revenues 10,057 8,988
General and administrative expenses 7,770 6,921
Depreciation 590 596
Operating income 7,670 12,242
Other income (expense):    
Interest income 3,272 2,837
Interest expense (426) (439)
Oil and gas royalty income, net 6,654 795
Other, net 300 197
Income from operations before income taxes 17,470 15,632
Income tax expense (4,360) (4,019)
Net income $ 13,110 $ 11,613
Earnings per common share - basic and diluted    
Basic (in dollars per share) $ 0.54 $ 0.48
Diluted (in dollars per share) $ 0.54 $ 0.48
Weighted average common shares outstanding:    
Weighted average common shares outstanding, Basic (in shares) 24,076,317 24,083,001
Weighted average common shares outstanding, Diluted (in shares) 24,167,529 24,140,946
Water and Wastewater    
REVENUES:    
Total revenues $ 10,334 $ 10,667
COST OF REVENUES:    
Expenses 4,781 4,426
Water and wastewater activities    
REVENUES:    
Total revenues 2,997 7,283
Water and wastewater tap fees    
REVENUES:    
Total revenues 7,337 3,384
Land Development    
REVENUES:    
Total revenues 15,257 17,599
COST OF REVENUES:    
Expenses 5,100 4,374
Lot sales    
REVENUES:    
Total revenues 13,691 15,998
Project management fees    
REVENUES:    
Total revenues 781 707
Special facility projects and other    
REVENUES:    
Total revenues 785 894
Single-family rentals    
REVENUES:    
Total revenues 496 481
COST OF REVENUES:    
Expenses $ 176 $ 188