Labrador Iron Ore Royalty Corporation

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	207.5M	200.2M	232.3M	279.5M
Operating Revenue	207.5M	200.2M	232.3M	279.5M
Cost Of Revenue	41.2M	39.7M	46.1M	55.6M
Gross Profit	166.3M	160.5M	186.2M	223.9M
Selling General And Administration	3.1M	3.1M	3.1M	3.0M
General And Administrative Expense	3.1M	3.1M	3.1M	3.0M
Depreciation And Amortization In Income Statement	6.3M	6.0M	6.4M	6.2M
Operating Expense	9.3M	9.1M	9.5M	9.2M
Operating Income	157.0M	151.4M	176.7M	214.7M
EBIT	157.0M	151.4M	176.7M	214.7M
Interest Income	1.5M	1.1M	539,000	259,000
Interest Income Non Operating	1.5M	1.1M	539,000	259,000
Net Interest Income	1.5M	1.1M	539,000	259,000
Other Income Expense	60.6M	84.7M	154.1M	229.6M
Earnings From Equity Interest	60.6M	84.7M	154.1M	229.6M
Pretax Income	219.2M	237.2M	331.3M	444.6M
Tax Provision	44.1M	50.9M	65.9M	64.8M
Tax Effect Of Unusual Items	0.00	0.00	0.00	0.00
Net Income From Continuing And Discontinued Operation	175.0M	186.3M	265.4M	379.8M
Net Income From Continuing Operation Net Minority Interest	175.0M	186.3M	265.4M	379.8M
Net Income Including Noncontrolling Interests	175.0M	186.3M	265.4M	379.8M
Net Income Common Stockholders	175.0M	186.3M	265.4M	379.8M
Net Income	175.0M	186.3M	265.4M	379.8M
EBITDA	163.3M	157.4M	183.1M	220.9M
Normalized EBITDA	163.3M	157.4M	183.1M	220.9M
Reconciled Depreciation	6.3M	6.0M	6.4M	6.2M
Basic EPS	2.73	2.91	4.15	5.93
Diluted EPS	2.73	2.91	4.15	5.93
Basic Average Shares	64.0M	64.0M	64.0M	64.0M
Diluted Average Shares	64.0M	64.0M	64.0M	64.0M
Tax Rate For Calcs	0.20	0.21	0.20	0.15
Normalized Income	175.0M	186.3M	265.4M	379.8M
Amortization	6.3M	6.0M	6.4M	6.2M
Amortization Of Intangibles Income Statement	6.3M	6.0M	6.4M	6.2M
Depreciation Amortization Depletion Income Statement	6.3M	6.0M	6.4M	6.2M
Diluted NI Availto Com Stockholders	175.0M	186.3M	265.4M	379.8M
Net Income Continuous Operations	175.0M	186.3M	265.4M	379.8M
Net Non Operating Interest Income Expense	1.5M	1.1M	539,000	259,000
Other Gand A	3.1M	3.1M	3.1M	3.0M
Reconciled Cost Of Revenue	41.2M	39.7M	46.1M	55.6M
Total Expenses	50.5M	48.8M	55.7M	64.7M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	42.3M	13.2M	39.9M	82.9M
Cash Cash Equivalents And Short Term Investments	42.3M	13.2M	39.9M	82.9M
Cash Financial	42.3M	13.2M	39.9M	82.9M
Accounts Receivable	52.8M	53.8M	42.6M	49.7M
Receivables	52.8M	54.3M	43.1M	49.7M
Current Assets	95.1M	67.5M	83.0M	132.6M
Gross PPE	365.3M	365.3M	365.3M	--
Accumulated Depreciation	-148.6M	-142.4M	-136.4M	--
Net PPE	216.6M	222.9M	228.9M	235.3M
Investments And Advances	524.3M	546.6M	513.8M	421.4M
Long Term Equity Investment	524.3M	546.6M	513.8M	421.4M
Total Non Current Assets	741.0M	769.5M	742.7M	656.7M
Total Assets	836.1M	837.0M	825.8M	789.3M
Accounts Payable	11.2M	11.5M	9.3M	10.8M
Payables	61.0M	40.3M	54.1M	103.0M
Payables And Accrued Expenses	61.0M	40.3M	54.1M	103.0M
Current Liabilities	61.0M	40.3M	54.1M	103.0M
Total Non Current Liabilities Net Minority Interest	132.2M	137.4M	134.2M	122.2M
Total Liabilities Net Minority Interest	193.2M	177.7M	188.3M	225.3M
Common Stock	317.7M	317.7M	317.7M	317.7M
Capital Stock	317.7M	317.7M	317.7M	317.7M
Retained Earnings	331.0M	347.9M	324.8M	257.8M
Gains Losses Not Affecting Retained Earnings	-5.7M	-6.3M	-5.1M	-11.4M
Other Equity Adjustments	-5.7M	-6.3M	-5.1M	-11.4M
Common Stock Equity	642.9M	659.3M	637.5M	564.1M
Stockholders Equity	642.9M	659.3M	637.5M	564.1M
Total Equity Gross Minority Interest	642.9M	659.3M	637.5M	564.1M
Total Capitalization	642.9M	659.3M	637.5M	564.1M
Net Tangible Assets	642.9M	659.3M	637.5M	564.1M
Tangible Book Value	642.9M	659.3M	637.5M	564.1M
Working Capital	34.1M	27.2M	28.9M	29.6M
Invested Capital	642.9M	659.3M	637.5M	564.1M
Share Issued	64.0M	64.0M	64.0M	64.0M
Ordinary Shares Number	64.0M	64.0M	64.0M	64.0M
Dividends Payable	48.0M	28.8M	44.8M	73.6M
Income Tax Payable	1.8M	0.00	--	--
Non Current Deferred Liabilities	132.2M	137.4M	134.2M	122.2M
Non Current Deferred Taxes Liabilities	132.2M	137.4M	134.2M	122.2M
Other Receivables	52,000	43,000	126,000	15,000
Taxes Receivable	0.00	465,000	357,000	0.00
Total Tax Payable	1.8M	0.00	0.00	18.6M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	201.9M	152.5M	184.2M	402.4M
Cash Flow From Continuing Operating Activities	201.9M	152.5M	184.2M	402.4M
Depreciation And Amortization	6.3M	6.0M	6.4M	6.2M
Depreciation Amortization Depletion	6.3M	6.0M	6.4M	6.2M
Deferred Tax	44.1M	50.9M	65.9M	64.8M
Deferred Income Tax	44.1M	50.9M	65.9M	64.8M
Change In Working Capital	692,000	-8.9M	5.4M	6.9M
Change In Receivables	1.0M	-11.1M	6.9M	8.7M
Change In Payables And Accrued Expense	-337,000	2.3M	-1.5M	-1.7M
Change In Payable	-337,000	2.3M	-1.5M	-1.7M
Other Non Cash Items	--	--	6.4M	6.2M
Common Stock Dividend Paid	-172.8M	-179.2M	-227.2M	-425.6M
Financing Cash Flow	-172.8M	-179.2M	-227.2M	-425.6M
Cash Flow From Continuing Financing Activities	-172.8M	-179.2M	-227.2M	-425.6M
Changes In Cash	29.1M	-26.7M	-43.0M	-23.2M
Beginning Cash Position	13.2M	39.9M	82.9M	106.1M
End Cash Position	42.3M	13.2M	39.9M	82.9M
Free Cash Flow	201.9M	152.5M	184.2M	402.4M
Amortization Cash Flow	6.3M	6.0M	6.4M	6.2M
Amortization Of Intangibles	6.3M	6.0M	6.4M	6.2M
Cash Dividends Paid	-172.8M	-179.2M	-227.2M	-425.6M
Change In Account Payable	-337,000	2.3M	-1.5M	-1.7M
Dividend Received Cfo	83.6M	50.4M	69.1M	227.8M
Earnings Losses From Equity Investments	-60.6M	-84.7M	-154.1M	-229.6M
Net Income From Continuing Operations	175.0M	186.3M	265.4M	379.8M
Operating Gains Losses	-60.6M	-84.7M	-154.1M	-229.6M
Taxes Refund Paid	-47.1M	-47.6M	-74.0M	-53.4M