LABRADOR IRON ORE ROYALTY CORPORATION - RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026

About this update from Labrador Iron Ore Royalty Corporation

[{"type":"text","tagName":"p","content":"TORONTO, Aug. 5, 2026 /CNW/ -- The Directors of Labrador Iron Ore Royalty Corporation (\"LIORC\" or the \"Corporation\") present the second quarter report for the period ended June 30, 2026. "},{"type":"image","size":{"original":{"url":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw=="}},"alt":"Labrador Iron Ore Royalty Corporation Logo"},{"type":"text","tagName":"p","content":"Financial Performance "},{"type":"text","tagName":"p","content":"In the second quarter of 2026, LIORC's financial results were negatively affected by low concentrate for sale (\"CFS\") and pellet sales volumes. Royalty revenue for the second quarter of 2026 was $33.7 million, a 27% decrease from the second quarter of 2025 and a 5% decrease from the first quarter of 2026. Equity (losses) earnings from Iron Ore Company of Canada (\"IOC\") totaled ($7.6) million in the second quarter of 2026 compared to $2.3 million in the second quarter of 2025 and ($6.4) million in the first quarter of 2026. Net income per share for the second quarter of 2026 was $0.17 per share, which was a 58% decrease from the same period in 2025 and a 19% decrease from the first quarter of 2026. The adjusted cash flow per share for the second quarter of 2026 was $0.29 per share, a 28% decrease from the same period in 2025 and 5% lower than the first quarter of 2026. While adjusted cash flow is not a measure recognized under IFRS Accounting Standards, the Directors believe it provides a useful analytical indicator of cash available for distribution to shareholders. "},{"type":"text","tagName":"p","content":"Iron ore prices improved modestly in the second quarter of 2026, supported by resilient demand in emerging markets despite higher seaborne supply and flat global steel output. According to data from the World Steel Association, overall global crude steel production during the second quarter of 2026 remained unchanged compared to the same period in 2025. In China, second quarter steel production fell 1.7% year-over-year. This contraction was primarily driven by ongoing weakness in the domestic property market, which reduced demand for construction grade steel, as well as strict carbon emission caps and rising compliance costs that led steelmakers to reduce low-margin volume in favor of high-value specialty products. China's decline was countered by ...

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