Business
Altius Minerals Reports 2025 Attributable Royalty Revenue of $69.9M and Adjusted Earnings(1) of $22.5M
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / Mar 10, 2026 / Business Wire /
About this update from Altius Minerals Corporation
[{"type":"text","content":"All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / Mar 10, 2026 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports its full year revenue of $53.7 million compared to $58.2 million in 2024 and $14.1 million for the fourth quarter compared to $11.7 million in Q4 2024. Attributable royalty revenue(1) of $69.9 million ($1.51 per share(1)) compared to $64.0 million ($1.37 per share) reported in 2024. Fourth quarter attributable revenue of $20.9 million ($0.45 per share) compared to $13.5 million ($0.29 per share) in Q4 2024. Royalty revenue reflects higher potash and base metal prices, copper stream deliveries and growth in renewables offset by lower dividends from iron ore. Operating Royalty Portfolio Performance Summary of attributable royalty revenue YE 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2025 YE 2024 Base and battery metals $ 23,390 $ 4,192 $ 7,664 $ 4,694 $ 6,840 $ 19,422 Potash 18,507 4,972 5,526 4,115 3,894 18,404 ARR (Electricity)(1) 13,381 6,306 3,327 2,100 1,648 6,959 Iron ore(2) 6,291 1,803 1,496 1,122 1,870 11,220 Interest and investment 8,345 3,610 3,394 638 703 7,980 Attributable royalty revenue $ 69,914 $ 20,883 $ 21,407 $ 12,669 $ 14,955 $ 63,985 (1) ARR and GBR amounts presented at their effective ownership percentages of 57% and 29%, respectively (2) Labrador Iron Ore Royalty Corporation dividends 2025 Adjusted EBITDA of $45.8 million ($0.99 per share) compared to $44.1 million ($0.95 per share) in 2024. Adjusted EBITDA(1) of $15.6 million ($0.34 per share(1)) during Q4 2025 compared to $9.3 million ($0.20 per share) during Q4 2024. Adjusted EBITDA for both periods followed the trend of revenue. Full year adjusted operating cash flow of $27.5 million ($0.59 per share) compared to $24.8 million ($0.53 per share) in 2024. Q4 2025 adjusted operating cash flow(1) of $3.2 million ($0.07 per share(1)) compares to $2.3 million ($0.05 per share) in Q4 2024. The increase reflects higher royalty receipts and interest offset by taxes paid and working capital changes. Net earnings for the year ended December 31, 2025 of $299.4 mill...