Business
Altius Minerals Reports Q3 2025 Attributable Royalty Revenue of $21.4M and Adjusted Earnings(1) of $7.7M
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland and Labrador / Nov 11, 2025 / Bus
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 and Labrador / Nov 11, 2025 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports its Q3 2025 revenue of $17.2 million compared to $13.0 million in Q3 2024. Attributable royalty revenue(1) of $21.4 million ($0.46 per share(1)) compares to $14.7 million ($0.32 per share) reported in Q3 2024. The current quarter reflects higher attributable potash volumes and copper stream deliveries at Chapada as well as higher interest and investment income, partially offset by lower dividends from iron ore. Operating Royalty Portfolio Performance Summary of attributable royalty revenue Q3 2025 Q2 2025 Q3 2024 Base and battery metals $ 7,664 $ 4,694 $ 5,437 Potash 5,526 4,115 3,585 ARR (Electricity) (1) 3,327 2,100 1,998 Iron ore (2) 1,496 1,122 2,618 Interest and investment 3,394 638 1,038 Attributable royalty revenue $ 21,407 $ 12,669 $ 14,676 (1) ARR and GBR amounts presented at their effective ownership percentages of 57% and 29%, respectively (2) Labrador Iron Ore Royalty Corporation dividends Adjusted EBITDA(1) of $13.2 million ($0.29 per share(1)) during Q3 2025 compares to $9.4 million ($0.20 per share) during Q3 2024 following the trend of revenue. Q3 2025 adjusted operating cash flow(1) of $15.4 million ($0.33 per share(1)) compares to $10.2 million ($0.22 per share) in Q3 2024. The increase reflects higher royalty receipts and interest offset by taxes paid and working capital changes. Net earnings of $264.9 million ($5.72 per share) for Q3 2025 compares to net earnings of $3.2 million ($0.06 per share) in Q3 2024. Net earnings for the current quarter primarily reflects the gain on sale of the Arthur Gold royalty interest and higher revenues, lower amortization and interest offset by higher cost of sales and expenses. Adjusted net earnings per share(1) of $0.17 for Q3 2025 is higher than $0.05 per share for Q3 2024 following the trend of increased revenue. The main adjusting items are summarized in the table below: Adjusted Net Earnings Three months ended September 30, 2025 September 30, 2024 Net ...