Filing Flows › Barnwell Industries (BRN) › Q2 FY25
Barnwell Industries (BRN) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 15, 2025
Barnwell Industries (BRN) reported revenue of $3.6M for the second quarter fiscal 2025 (Q2 FY25), -24% from a year earlier and -20% from the quarter before. Operating margin was 21.7%, net loss $1.2M (33.8% of revenue).
Barnwell Industries, Q2 FY25: revenue $3.6M (-24% year over year), operating margin 21.7%, net loss $1.2M, operating cash flow −$302K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -20% | -24% |
| Operating profit | $773K | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$302K | -126% | — |
What changed
Revenue was $3.6M in Q2 FY25, down 24% year over year and down 20% from the previous quarter. Oil was the largest line at 73% of revenue. Oil lost $384K year over year (down 13%), 35% of the total change.
Operating profit was $773K, a 21.7% margin (up 36.4 points year over year). Total costs fell 48% while revenue fell 24%. The fastest-growing cost line was General & admin (+72%). The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.9M loss. Net interest and other expense of $1.8M was the main reason.
Operating cash flow was −$302K. Non-cash charges added back $754K of depreciation and amortization and $60K of share-based compensation. Working capital and other items added $91K. Capital expenditures of $112K exceeded it, leaving free cash flow of −$414K.
Questions
What was Barnwell Industries' revenue in the second quarter fiscal 2025?
Barnwell Industries (BRN) reported revenue of $3.6M for the second quarter fiscal 2025 (Q2 FY25), -24% from a year earlier and -20% from the quarter before.
Was Barnwell Industries profitable in the second quarter fiscal 2025?
Operating profit was $773K (21.7% of revenue) and net loss $1.2M.