February 1, 2022

LUFKIN, Texas, February 1, 2022 – TreeCon Resources, Inc. today reported its results for the fiscal year of 2021 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.

For the year ended September 30, 2021, revenue increased $7,976,244, or approximately 10% from $76,711,281 to $84,687,525, compared to the corresponding twelve-month period ended September 30, 2020. Gross profit increased by $2,563,567, or approximately 15%, from $16,654,065 to 19,517,632. Net Income increased by 3,294,002, or approximately 155%, from $2,124,715 to $5,418,717 compared to the twelve-month period ended September 30, 2020. On a per share basis, net income from the year was 24.0 cents per share compared to 9.4 cents per share in 2020.

During the year, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,792,342. Following guidance published by the SEC and AICPA, the Company recognized the full $1,792,342 of PPP loans during the year as “Other Income”.

During September 2021, the Company’s sawmill was burnt in a fire and is not expected to be back in normal operations until 2023. The Company expects to incur approximately $20m in debt to rebuild the sawmill.

Additional summarized financial information is available at the financial section of this website.

May 13, 2021

LUFKIN, Texas, May 13, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2021, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate.

Revenue for the quarter ended March 31, 2021 was $19,691,097, an increase of $2,177,744, or 12%, compared to $17,513,353 in the quarter ending March 31, 2020. Net income for the quarter was $1,872,585, an increase of $1,651,309, or 746%, compared to $221,276 in the quarter ended March 31, 2020. On a per share basis, earnings for the quarter were 8.3 cents per share compared 1.0 cents per share in 2020.

For the six-month period ending March 31, 2021, revenues increased $3,304,216, or approximately 10%, from $34,772,356 to $38,076,572, compared to the corresponding six-month period ended March 31, 2020. Net income increased by $1,959,296, or approximately 529%, from $368,616 to $2,317,912, compared to the six-month period ended March 31, 2020. On a per share basis, fully diluted net income for the six-month period was 10.3 cents per share compared to 1.6 cents per share in 2020.

Additional summarized financial information is available at the financial section of this website.

March 10, 2021

LUFKIN, Texas, March 10, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2021, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended December 31, 2020 was $18,385,475, an increase of $1,126,472, or 7%, compared to $17,259,003 in the quarter ending December 31, 2019. Net income for the quarter was $445,327, an increase of $297,987, or 193%, compared to $147,340 in the quarter ended December 31, 2019. On a per share basis, earnings for the quarter were 2.0 cents per share compared .7 cents per share in 2019.

Additional summarized financial information is available at the financial section of this website.

February 3, 2021

LUFKIN, Texas, February 3, 2021 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fiscal year of 2020 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.

For the year ended September 30, 2020, revenue decreased $11,619,901, or approximately 13% from $88,331,182 to $76,711,281, compared to the corresponding twelve-month period ended September 30, 2019. Gross profit decreased by $3,271,211, or approximately 16%, from $20,225,276 to 16,654,065. Net Income increased by 1,447,593, or approximately 214%, from $677,122 to $2,124,715 compared to the twelve-month period ended September 30, 2019. On a per share basis, net income from the year was 9.4 cents per share compared to 2.5 cents per share in 2019.

Revenue for the quarter ended September 30, 2020 was $24,185,127, a increase of $6,178,052, or 34%, compared to $18,007,075 in the quarter ending September 30, 2019. Gross profit decreased by $698,033, or approximately 10%, from $7,072,082 to $6,374,049. Net income equaled $205,010 for the quarter ended September 30, 2020, an increase of $2,426,526 compared to a net loss of $2,221,516 for the quarter ended September 30, 2019.

During the year, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,656,163. Following guidance published by the SEC and AICPA, the Company recognized the full $1,656,163 of PPP loans during the year as “Other Income”.

Additional summarized financial information is available at the financial section of this website.

August 5, 2020

LUFKIN, Texas, August 5, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2020 and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations and real estate investments.

Revenue for the quarter ended June 30, 2020 was $17,753,798, a decrease of $7,677,468, or 30%, compared to $25,431,266 in the quarter ending June 30, 2019. Net income was $1,551,089, a decrease of $164,066, or 9.6%, compared to net income of $1,715,155 in the quarter ended June 30, 2019. On a per share basis, earnings for the quarter were 0.069 cents per share compared to earnings of 0.061 cents per share in 2019.

For the nine-month period ending June 30, 2020, revenues decreased by $16,755,371, or approximately 24%, from $69,281,525 to $52,526,154, compared to the corresponding nine-month period ended June 30, 2019. Net income decreased $110,350, or approximately 5.4%, from $2,030,055 to $1,919,705, compared to the nine-month period ended June 30, 2019. On a per share basis, earnings for the nine-month period were 0.085 cents per share compared to 0.072 cents per share in 2019.

During the quarter, the Company applied for and received government loans under the Paycheck Protection Program (PPP) of $1,656,163. Following guidance published by the SEC and AICPA, the Company recognized $1,254,516 of PPP loans during the quarter as “Other Income”.

Additional summarized financial information is available at the financial section of this website.

May 8, 2020

LUFKIN, Texas, May 8, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2020, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended March 31, 2020 was $17,513,353, a decrease of $2,747,026, or 13.6%, compared to $20,260,379 in the quarter ending March 31, 2019. Net income was $221,276, an increase of $342,747 compared to a loss of $121,471 in the quarter ended March 31, 2019. On a per share basis, net income for the quarter was 0.90 cents per share compared to a loss of 0.40 cents per share in 2019.

For the six-month period ending March 31, 2020, revenues decreased $9,077,903, or approximately 20.7%, from $43,850,259 to $34,772,356, compared to the corresponding six-month period ended March 31, 2019. Net income increased by $53,716, from $314,900 to $368,616, compared to the six-month period ended March 31, 2019. On a per share basis, fully diluted net income for the six-month period was 1.6 cents per share compared to 1.1 cents per share in 2019.

Additional summarized financial information is available at the financial section of this website.

February 27, 2020

LUFKIN, Texas, February 27, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2020, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended December 31, 2019 was $17,259,003, a decrease of $6,330,877, or 27%, compared to $23,589,880 in the quarter ending December 31, 2018. Net income for the quarter was $147,340, a decrease of $289,031, or 66%, compared to $436,371 in the quarter ended December 31, 2018. On a per share basis, earnings for the quarter were 0.7 cents per share compared 1.5 cents per share in 2018.

Additional summarized financial information is available at the financial section of this website.

January 31, 2020

LUFKIN, Texas, January 31, 2020 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

For the year ended September 30, 2019, revenue decreased by $4,139,898, or approximately 4.5%, from $91,428,498 to $87,288,600, compared to the corresponding twelve-month period ended September 30, 2018. Gross profit increased by $845,194, or approximately 4.4%, from $19,380,082 to $20,225,276. Net income decreased by $1,118,336, or approximately 62.3%, from $1,795,458 to $677,122, compared to the twelve-month period ended September 30, 2018. On a per share basis (fully diluted), net income for the year was 2.5 cents per share compared to 6.9 cents in 2018.

Revenue for the quarter ended September 30, 2019 was $18,007,075, a decrease of $7,832,417, or 30.3%, compared to $25,839,492 in the quarter ending September 30, 2018. Gross profit increased by $263,564, or approximately 3.9%, from $6,808,518 to $7,072,082. Net income was a loss of $1,352,933, a decrease of $1,501,960 compared to $149,027 for the quarter ended September 30, 2018.

During the September quarter, the Company made the determination that a collateralized note extended to one of its suppliers for $1,825,379 had become impaired, and recorded it as a non-operating asset impairment loss. The Company continues to work with the supplier to recover the balance.

Additional summarized financial information is available at the financial section of this website.

August 15, 2019

LUFKIN, Texas, August 15, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended June 30, 2019 was $25,431,266, a decrease of $319,638, or 1.2%, compared to $25,750,904 in the quarter ending June 30, 2018. Net income was $1,715,155, an increase of $790,565, or 85.5%, compared to net income of $924,590 in the quarter ended June 30, 2018. On a per share basis, earnings for the quarter were 0.061 cents per share compared to earnings of 0.033 cents per share in 2018.

For the nine-month period ending June 30, 2019, revenues increased by $3,692,519, or approximately 5.6%, from $65,589,006 to $69,281,525, compared to the corresponding nine-month period ended June 30, 2018. Net income increased by $383,624, or approximately 23.3%, from $1,646,431 to $2,030,055, compared to the nine-month period ended June 30, 2018. On a per share basis, earnings for the nine-month period were 0.072 cents per share compared to 0.058 cents per share in 2018.

Additional summarized financial information is available at the financial section of this website.

July 23, 2019

LUFKIN, Texas, July 23, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) announced today that it has entered into an agreement with its COO, Mr. Josh Lowe, to resign from his position with the company. Mr. Lowe is leaving to pursue opportunities in the highway construction industry.

As part of the agreement, Mr. Lowe will receive equipment with a fair market value of approximately $2.2 million net of other business credits in exchange for 5,653,866 shares of Treecon stock plus $600,000 in cash. The shares are Mr. Lowe’s total holdings of Treecon stock and represent 20% of the issued and outstanding shares. The transaction is valued at $2,721,986, or approximately $0.48 per share, and will be recorded as an acquisition of Treasury Stock with no gain or loss recorded.

We regret Josh’s departure and are particularly appreciative for his contribution to develop our equipment rental segment. Josh leaves with our best wishes, and we look forward to a continued business relationship in his future endeavors.

TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment. The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

May 14, 2019

LUFKIN, Texas, May 14, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended March 31, 2019 was $20,260,379, an increase of $732,123, or 3.7%, compared to $19,528,256 in the quarter ending March 31, 2018.  Net income was a loss of $121,471, a decrease of $439,272 compared to $317,801 in the quarter ended March 31, 2018.  On a per share basis, the loss for the quarter was 0.40 cents per share compared to 1.1 cents per share in 2018.

For the six-month period ending March 31, 2019, revenues increased $4,012,157, or approximately 10.1%, from $39,838,102 to $43,850,259, compared to the corresponding six-month period ended March 31, 2018.  Net income decreased by $406,941, from $721,841 to $314,900, compared to the six-month period ended March 31, 2018.  On a per share basis, fully diluted net income for the six-month period was 1.1 cents per share compared to 2.5 cents per share in 2018.

Additional summarized financial information is available at the financial section of this website.

February 19, 2019

LUFKIN, Texas, February 19, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2019, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended December 31, 2018 was $23,589,880, an increase of $3,280,034, or 16%, compared to $20,309,846 in the quarter ending December 31, 2017.  Net income for the quarter was $436,371, an increase of $32,331, or 8%, compared to $404,040 in the quarter ended December 31, 2017.  On a per share basis, earnings for the quarter were 1.5 cents per share compared 1.4 cents per share in 2017.

Additional summarized financial information is available at the financial section of this website.

February 4, 2019

LUFKIN, Texas, February 4, 2019 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2018, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

For the year ended September 30, 2018, revenue increased by $20,620,254, or approximately 29.1%, from $70,808,244 to $91,428,498, compared to the corresponding twelve-month period ended September 30, 2017.  Gross profit increased by $3,633,063, or approximately 23.1%, from $15,747,019 to $19,380,082.  Net income increased by $1,116,933, or approximately 164.6%, from $678,525 to $1,795,458, compared to the twelve-month period ended September 30, 2017.  On a per share basis (fully diluted), net income for the year was 6.9 cents per share compared to 2.6 cents in 2017.

Revenue for the quarter ended September 30, 2018 was $25,839,492, an increase of $9,169,917, or 55.0%, compared to $16,669,575 in the quarter ending September 30, 2017.  Gross profit increased by $219,887, or approximately 3.3%, from $6,588,631 to $6,808,518.  Net income was $149,027, a decrease of $315,443 compared to $464,470 for the quarter ended September 30, 2017.

Additional summarized financial information is available at the financial section of this website.

August 10, 2018

LUFKIN, Texas, August 10, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the third quarter of fiscal 2018, and is making available on its website certain financial information regarding the Company’s financial performance. TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended June 30, 2018 was $25,750,904, an increase of $7,961,860, or 44.7%, compared to $17,789,044 in the quarter ending June 30, 2017.  Net income was $924,590, an increase of $760,841, or 464%, compared to net income of $163,749 in the quarter ended June 30, 2017.  On a per share basis, fully diluted earnings for the quarter was 0.033 cents per share compared to earnings of 0.006 cents per share in 2017.

For the nine-month period ending June 30, 2018, revenues increased by $11,953,492, or approximately 22.3%, from $53,635,514 to $65,589,006, compared to the corresponding nine-month period ended June 30, 2017.  Net income increased by $1,432,376, or approximately 669%, from $214,055 to $1,646,431, compared to the nine-month period ended June 30, 2017.  On a per share basis, fully diluted earnings for the nine-month period was 0.058 cents per share compared to 0.010 cents per share in 2017.

Additional summarized financial information is available at the financial section of this website.

May 11, 2018

LUFKIN, Texas, May 11, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the second fiscal quarter of fiscal 2018, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended March 31, 2018 was $19,528,256, an increase of $1,502,043, or 8.3%, compared to $18,026,213 in the quarter ending March 31, 2017.  Net income was $317,801, a decrease of $206,676 compared to $524,477 in the quarter ended March 31, 2017.  On a per share basis, net income for the quarter was 1.1 cents per share compared to 1.9 cents per share in 2017.

For the six-month period ending March 31, 2018, revenues increased $3,991,632, or approximately 11.1%, from $35,846,470 to $39,838,102, compared to the corresponding six-month period ended March 31, 2017.  Net income increased by $671,535, from $50,306 to $721,841, compared to the six-month period ended March 31, 2017.  On a per share basis, fully diluted net income for the six-month period was 2.5 cents per share compared to 0.2 cents per share in 2017.

Additional summarized financial information is available at the financial section of this website.

February 16, 2018

LUFKIN, Texas, February 16, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the first fiscal quarter of fiscal 2017, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

Revenue for the quarter ended December 31, 2017 was $20,309,846, an increase of $2,489,589, or 14%, compared to $17,820,257 in the quarter ending December 31, 2016.  Net income for the quarter was $404,040 compared to a loss of $474,171 in the quarter ended December 31, 2016.  On a per share basis, earnings for the quarter were 1.4 cents per share compared to a loss of 1.7 cents per share in 2016.

Additional summarized financial information is available at the financial section of this website.

February 7, 2018

LUFKIN, Texas, February 7, 2018 – TreeCon Resources, Inc. (Pink Sheets: TCOR) today reported its results for the fourth quarter and the fiscal year ended September 30, 2017, and is making available on its website certain financial information regarding the Company’s financial performance.  TreeCon Resources is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment.  The Company is also engaged in sawmill operations, oilfield fluids services and real estate.

For the year ended September 30, 2017, revenue decreased by $7,987,854, or approximately 10.1%, from $78,796,098 to $70,808,244, compared to the corresponding twelve-month period ended September 30, 2016.  Gross profit decreased by $382,060, or approximately 2.4%, from $16,129,079 to $15,747,019.  Net income increased by $17,117, or approximately 2.6%, from $661,408 to $678,525, compared to the twelve-month period ended September 30, 2015.  On a per share basis (fully diluted), net income for the year was 2.5 cents per share compared to 2.3 cents in 2016.

Revenue for the quarter ended September 30, 2017 was $16,669,575, a decrease of $4,137,800, or 19.9%, compared to $20,807,375 in the quarter ending September 30, 2016.  Gross profit increased by $2,484,762, or approximately 60.5%, from $4,103,869 to $6,588,631.  Net income was $464,470, an increase of $118,008 compared to $346,462 for the quarter ended September 30, 2016.

Additional summarized financial information is available at the financial section of this website.