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 9 Months Ended
May 31, 2026
May 31, 2025
May 31, 2026
May 31, 2025
REVENUES:        
Total revenues $ 8,222 $ 5,140 $ 22,526 $ 14,887
COST OF REVENUES:        
Total cost of revenues 3,937 1,883 9,206 6,437
General and administrative expenses 1,940 1,798 5,997 6,295
Depreciation 231 125 563 429
Operating income 2,114 1,334 6,760 1,726
Other income (expense):        
Interest income 943 627 2,798 1,898
Interest expense (157) (101) (393) (319)
Oil and gas royalty income, net 977 1,140 2,236 5,857
Other, net 26 (7) 44 115
Income from operations before income taxes 3,903 2,993 11,445 9,277
Income tax expense (955) (737) (2,827) (2,275)
Net income $ 2,948 $ 2,256 $ 8,618 $ 7,002
Earnings per common share - basic and diluted        
Basic (in dollars per share) $ 0.12 $ 0.09 $ 0.36 $ 0.29
Diluted (in dollars per share) $ 0.12 $ 0.09 $ 0.36 $ 0.29
Weighted average common shares outstanding:        
Weighted average common shares outstanding, Basic (in shares) 24,103,966 24,076,022 24,095,277 24,077,188
Weighted average common shares outstanding, Diluted (in shares) 24,163,015 24,143,534 24,159,163 24,166,926
Water and Wastewater        
REVENUES:        
Total revenues $ 4,659 $ 2,129 $ 10,096 $ 7,520
COST OF REVENUES:        
Expenses 1,943 1,195 4,598 3,363
Water and wastewater activities        
REVENUES:        
Total revenues 2,401 429 4,542 2,228
Water and wastewater tap fees        
REVENUES:        
Total revenues 2,258 1,700 5,554 5,292
Land Development        
REVENUES:        
Total revenues 3,332 2,880 11,918 6,994
COST OF REVENUES:        
Expenses 1,916 648 4,433 2,941
Lot sales        
REVENUES:        
Total revenues 3,006 2,526 10,664 5,981
Project management fees        
REVENUES:        
Total revenues 137 138 644 507
Special facility projects and other        
REVENUES:        
Total revenues 189 216 610 506
Single-family rentals        
REVENUES:        
Total revenues 231 131 512 373
COST OF REVENUES:        
Expenses $ 78 $ 40 $ 175 $ 133