Labrador Iron Ore Royalty Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 46.7M | 35.9M | 56.5M | 41.9M | 52.7M |
| Operating Revenue | 46.7M | 35.9M | 56.5M | 41.9M | 52.7M |
| Cost Of Revenue | 9.2M | 7.1M | 11.2M | 8.3M | 10.5M |
| Gross Profit | 37.4M | 28.8M | 45.3M | 33.6M | 42.2M |
| Selling General And Administration | 742,000 | 794,000 | 818,000 | 726,000 | 684,000 |
| General And Administrative Expense | 742,000 | 794,000 | 818,000 | 726,000 | 684,000 |
| Depreciation And Amortization In Income Statement | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Operating Expense | 2.4M | 2.5M | 2.4M | 2.2M | 2.3M |
| Operating Income | 35.0M | 26.3M | 42.9M | 31.4M | 39.9M |
| EBIT | 35.0M | 26.3M | 42.9M | 31.4M | 39.9M |
| Interest Income | 111,000 | 280,000 | 366,000 | 461,000 | 423,000 |
| Interest Income Non Operating | 111,000 | 280,000 | 366,000 | 461,000 | 423,000 |
| Net Interest Income | 111,000 | 280,000 | 366,000 | 461,000 | 423,000 |
| Other Income Expense | 2.3M | 3.3M | -1.9M | 9.7M | 18.5M |
| Earnings From Equity Interest | 2.3M | 3.3M | -1.9M | 9.7M | 18.5M |
| Pretax Income | 37.4M | 29.9M | 41.4M | 41.6M | 58.8M |
| Tax Provision | 10.9M | 8.4M | 9.5M | 8.0M | 8.7M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Income From Continuing Operation Net Minority Interest | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Income Including Noncontrolling Interests | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Income Common Stockholders | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Income | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| EBITDA | 36.7M | 28.0M | 44.5M | 32.9M | 41.6M |
| Normalized EBITDA | 36.7M | 28.0M | 44.5M | 32.9M | 41.6M |
| Reconciled Depreciation | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Basic EPS | 0.42 | 0.33 | -- | 0.53 | 0.78 |
| Diluted EPS | 0.42 | 0.33 | -- | 0.53 | 0.78 |
| Basic Average Shares | 63.1M | 64.9M | -- | 63.4M | 64.3M |
| Diluted Average Shares | 63.1M | 64.9M | -- | 63.4M | 64.3M |
| Tax Rate For Calcs | 0.29 | 0.28 | 0.23 | 0.19 | 0.15 |
| Normalized Income | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Amortization | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Amortization Of Intangibles Income Statement | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Depreciation Amortization Depletion Income Statement | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Diluted NI Availto Com Stockholders | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Income Continuous Operations | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Net Non Operating Interest Income Expense | 111,000 | 280,000 | 366,000 | 461,000 | 423,000 |
| Other Gand A | 742,000 | 794,000 | 818,000 | 726,000 | 684,000 |
| Reconciled Cost Of Revenue | 9.2M | 7.1M | 11.2M | 8.3M | 10.5M |
| Total Expenses | 11.7M | 9.6M | 13.6M | 10.5M | 12.8M |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 4.8M | 19.0M | 42.3M | 40.3M | 67.7M |
| Cash Cash Equivalents And Short Term Investments | 4.8M | 19.0M | 42.3M | 40.3M | 67.7M |
| Cash Financial | 4.8M | 19.0M | 42.3M | 40.3M | 67.7M |
| Accounts Receivable | 47.5M | 39.2M | 52.8M | 42.5M | 48.7M |
| Receivables | 52.8M | 43.2M | 52.8M | 42.7M | 49.1M |
| Other Current Assets | -- | 1,000 | -- | -- | -1,000 |
| Current Assets | 57.5M | 62.2M | 95.1M | 82.9M | 116.8M |
| Gross PPE | -- | -- | 365.3M | -- | -- |
| Accumulated Depreciation | -- | -- | -148.6M | -- | -- |
| Net PPE | 213.3M | 215.0M | 216.6M | 218.2M | 219.6M |
| Investments And Advances | 530.2M | 527.6M | 524.3M | 548.3M | 558.8M |
| Long Term Equity Investment | 530.2M | 527.6M | 524.3M | 548.3M | 558.8M |
| Total Non Current Assets | 743.5M | 742.6M | 741.0M | 766.5M | 778.5M |
| Total Assets | 801.1M | 804.8M | 836.1M | 849.4M | 895.3M |
| Accounts Payable | 9.8M | 8.3M | 11.2M | 8.9M | 10.1M |
| Payables | 29.0M | 40.3M | 61.0M | 53.9M | 86.6M |
| Payables And Accrued Expenses | 29.0M | 40.3M | 61.0M | 53.9M | 86.6M |
| Current Liabilities | 29.0M | 40.3M | 61.0M | 53.9M | 86.6M |
| Total Non Current Liabilities Net Minority Interest | 132.1M | 132.2M | 132.2M | 136.2M | 138.2M |
| Total Liabilities Net Minority Interest | 161.1M | 172.5M | 193.2M | 190.2M | 224.8M |
| Common Stock | 317.7M | 317.7M | 317.7M | 317.7M | 317.7M |
| Capital Stock | 317.7M | 317.7M | 317.7M | 317.7M | 317.7M |
| Retained Earnings | 327.7M | 320.4M | 331.0M | 347.0M | 358.2M |
| Gains Losses Not Affecting Retained Earnings | -5.4M | -5.7M | -5.7M | -5.5M | -5.5M |
| Other Equity Adjustments | -5.4M | -5.7M | -5.7M | -- | -- |
| Common Stock Equity | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Stockholders Equity | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Total Equity Gross Minority Interest | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Total Capitalization | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Net Tangible Assets | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Tangible Book Value | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Working Capital | 28.5M | 21.9M | 34.1M | 29.0M | 30.2M |
| Invested Capital | 640.0M | 632.4M | 642.9M | 659.2M | 670.4M |
| Share Issued | 64.0M | 64.0M | 64.0M | 64.0M | 64.0M |
| Ordinary Shares Number | 64.0M | 64.0M | 64.0M | 64.0M | 64.0M |
| Dividends Payable | 19.2M | 32.0M | 48.0M | 44.8M | 70.4M |
| Income Tax Payable | 0.00 | 0.00 | 1.8M | -- | -- |
| Non Current Deferred Liabilities | 132.1M | 132.2M | 132.2M | 136.2M | 138.2M |
| Non Current Deferred Taxes Liabilities | 132.1M | 132.2M | 132.2M | 136.2M | 138.2M |
| Other Receivables | 253,000 | 369,000 | 52,000 | 157,000 | 350,000 |
| Taxes Receivable | 5.0M | 3.6M | 0.00 | 0.00 | 0.00 |
| Total Tax Payable | 0.00 | 0.00 | 1.8M | 264,000 | 6.1M |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 17.7M | 24.7M | 46.8M | 43.0M | 82.1M |
| Cash Flow From Continuing Operating Activities | 17.7M | 24.7M | 46.8M | 43.0M | 82.1M |
| Depreciation And Amortization | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Depreciation Amortization Depletion | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Deferred Tax | 10.9M | 8.4M | 9.5M | 8.0M | 8.7M |
| Deferred Income Tax | 10.9M | 8.4M | 9.5M | 8.0M | 8.7M |
| Change In Working Capital | -6.7M | 10.3M | -7.9M | 5.2M | 6.5M |
| Change In Receivables | -8.2M | 13.2M | -10.2M | 6.4M | 8.3M |
| Change In Payables And Accrued Expense | 1.5M | -2.9M | 2.3M | -1.2M | -1.8M |
| Change In Payable | 1.5M | -2.9M | 2.3M | -1.2M | -1.8M |
| Common Stock Dividend Paid | -32.0M | -48.0M | -44.8M | -70.4M | -28.8M |
| Financing Cash Flow | -32.0M | -48.0M | -44.8M | -70.4M | -28.8M |
| Cash Flow From Continuing Financing Activities | -32.0M | -48.0M | -44.8M | -70.4M | -28.8M |
| Changes In Cash | -14.3M | -23.3M | 2.0M | -27.4M | 53.3M |
| Beginning Cash Position | 19.0M | 42.3M | 40.3M | 67.7M | 14.4M |
| End Cash Position | 4.8M | 19.0M | 42.3M | 40.3M | 67.7M |
| Free Cash Flow | 17.7M | 24.7M | 46.8M | 43.0M | 82.1M |
| Amortization Cash Flow | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Amortization Of Intangibles | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M |
| Cash Dividends Paid | -32.0M | -48.0M | -44.8M | -70.4M | -28.8M |
| Change In Account Payable | 1.5M | -2.9M | 2.3M | -1.2M | -1.8M |
| Dividend Received Cfo | -- | -- | 21.8M | 20.3M | -- |
| Earnings Losses From Equity Investments | -2.3M | -3.3M | 1.9M | -9.7M | -18.5M |
| Net Income From Continuing Operations | 26.5M | 21.4M | 31.9M | 33.6M | 50.2M |
| Operating Gains Losses | -2.3M | -3.3M | 1.9M | -9.7M | -18.5M |
| Taxes Refund Paid | -12.4M | -13.8M | -11.9M | -15.8M | -7.9M |