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

SIGNIFICANT CUSTOMERS

v3.25.3
SIGNIFICANT CUSTOMERS
12 Months Ended
Aug. 31, 2025
SIGNIFICANT CUSTOMERS.  
SIGNIFICANT CUSTOMERS

NOTE 9 – SIGNIFICANT CUSTOMERS

The Company has significant customers in its operations. The table below presents the percentage of total revenue for the reported customers for the years ended August 31, 2025 and 2024. For water and wastewater customers, the Company primarily provides services on behalf of the Rangeview District for which the significant end users include all Sky Ranch homes in the aggregate combined with the Sky Ranch CAB and two oil & gas operators. The home builders at Sky Ranch account for lot purchase revenue but also for water and wastewater tap fees revenue.

Year Ended

% of Total Revenue Generated From:

August 31, 2025

August 31, 2024

Melody (DR Horton)

30

%

19

%

Lennar

20

%

24

%

KB Home

15

%

10

%

Sky Ranch CAB

8

%

9

%

Taylor Morrison

8

%

-

%

Challenger

5

%

9

%

Two oil & gas operators

4

%

19

%