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 6 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
REVENUES:        
Total revenues $ 5,169 $ 3,995 $ 14,304 $ 9,747
COST OF REVENUES:        
Total cost of revenues 2,385 2,468 5,269 4,554
General and administrative expenses 2,348 2,705 4,057 4,497
Depreciation 173 149 332 304
Operating income 263 (1,327) 4,646 392
Other income (expense):        
Interest income 906 539 1,855 1,271
Interest expense (142) (109) (236) (218)
Oil and gas royalty income, net 519 1,910 1,259 4,717
Other, net (34) 63 18 122
Income from operations before income taxes 1,512 1,076 7,542 6,284
Income tax expense (407) (267) (1,872) (1,538)
Net income $ 1,105 $ 809 $ 5,670 $ 4,746
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.05 $ 0.03 $ 0.24 $ 0.2
Diluted (in dollars per share) $ 0.05 $ 0.03 $ 0.23 $ 0.2
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,101,754 24,083,718 24,090,861 24,077,780
Weighted average common shares outstanding, Diluted (in shares) 24,171,858 24,196,178 24,158,145 24,177,677
Water and Wastewater        
REVENUES:        
Total revenues $ 2,955 $ 2,534 $ 5,437 $ 5,391
COST OF REVENUES:        
Expenses 1,543 1,107 2,655 2,168
Water and wastewater activities        
REVENUES:        
Total revenues 1,329 408 2,141 1,799
Water and wastewater tap fees        
REVENUES:        
Total revenues 1,626 2,126 3,296 3,592
Land Development        
REVENUES:        
Total revenues 2,064 1,343 8,586 4,114
COST OF REVENUES:        
Expenses 800 1,336 2,517 2,293
Lot sales        
REVENUES:        
Total revenues 1,634 1,136 7,658 3,455
Project management fees        
REVENUES:        
Total revenues 211 116 507 369
Special facility projects and other        
REVENUES:        
Total revenues 219 91 421 290
Single-family rentals        
REVENUES:        
Total revenues 150 118 281 242
COST OF REVENUES:        
Expenses $ 42 $ 25 $ 97 $ 93