Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Nov. 30, 2025
Nov. 30, 2024
REVENUES:    
Total revenues $ 9,135 $ 5,752
COST OF REVENUES:    
Total cost of revenues 2,884 2,085
General and administrative expenses 1,709 1,792
Depreciation 159 155
Operating income 4,383 1,720
Other income (expense):    
Interest income 949 731
Interest expense (94) (109)
Oil and gas royalty income, net 740 2,807
Other, net 52 59
Income from operations before income taxes 6,030 5,208
Income tax expense (1,465) (1,271)
Net income $ 4,565 $ 3,937
Earnings per common share - basic and diluted    
Basic (in dollars per share) $ 0.19 $ 0.16
Diluted (in dollars per share) $ 0.19 $ 0.16
Weighted average common shares outstanding:    
Weighted average common shares outstanding, Basic (in shares) 24,080,086 24,071,907
Weighted average common shares outstanding, Diluted (in shares) 24,156,378 24,157,347
Water and Wastewater    
REVENUES:    
Total revenues $ 2,482 $ 2,857
COST OF REVENUES:    
Expenses 1,112 1,061
Water and wastewater activities    
REVENUES:    
Total revenues 812 1,391
Water and wastewater tap fees    
REVENUES:    
Total revenues 1,670 1,466
Land Development    
REVENUES:    
Total revenues 6,522 2,771
COST OF REVENUES:    
Expenses 1,717 956
Lot sales    
REVENUES:    
Total revenues 6,024 2,319
Project management fees    
REVENUES:    
Total revenues 296 253
Special facility projects and other    
REVENUES:    
Total revenues 202 199
Single-family rentals    
REVENUES:    
Total revenues 131 124
COST OF REVENUES:    
Expenses $ 55 $ 68