Altius Reports 2025 Attributable Royalty Revenue of $69.9M and Adjusted Earnings(1) of $22.5M

Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.ST. JOHN’S, Newfoundland — 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.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Summary of attributable royalty revenueYE 2025Q4 2025Q3 2025Q2 2025Q1 2025YE 2024Base and battery metals$23,390$4,192$7,664$4,694$6,840$19,422Potash18,5074,9725,5264,1153,89418,404ARR (Electricity)(1)13,3816,3063,3272,1001,6486,959Iron ore(2)6,2911,8031,4961,1221,87011,220Interest and investment8,3453,6103,3946387037,980Attributable 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 dividends2025 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 million ($6.45 per share) compared to $101.8 million in 2024 ($2.16 per share). Net earnings of $22.5 million ($0.48 per share) for Q4 2025 compared to net earnings of $85.5 million ($1.82 per share) in Q4 2024. Net earnings in 2025 were positively impacted by the gain on sale of the Arthur Gold royalty interest as well as lower amortization, interest and other costs partially offset by an increased loss from joint venture which included an impairment charge on a development portfolio at GBR. Net earnings in 2024 were positively impacted by the gain on deconsolidation of ARR. Adjusted net earnings per share(1) of $0.49 and $0.24 for the year ended December 31, 2025 and Q4 2025 is higher than the $0.27 and $0.06 per share comparable periods in 2024. The main adjusting items are summarized in the table below:Adjusted Net EarningsThree months endedYear endedDecember 31, 2025December 31, 2024December 31, 2025December 31, 2024Net earnings attributable to common shareholders$22,355$84,751$298,628$100,765Addback (deduct):Unrealized loss (gain) on fair value adjustment of derivatives(89)(23)2362,056Foreign exchange loss (gain)3,7782,520(3,142)3,046Exploration and evaluation assets abandoned or impaired––12226Gain on sale of royalty interest(34,912)–(374,523)–Realized gain on disposal of derivatives–(136)–(4,186)Gain on disposal of mineral property(402)(25)(421)(25)Gain on deconsolidation of subsidiary–(87,146)–(87,146)Non-recurring other income–––(4,259)Impairment(1)13,0901,53713,0903,116Tax impact7,0251,20688,655(892)Adjusted net earnings$10,845$2,684$22,535$12,701(1) Impairment charge in the current year relates to amounts recorded at GBRCash and cash equivalents at December 31, 2025 were $294 million, compared to $16 million at the end of 2024.At December 31, 2025 the approximate market value of various public equity holdings included:During the year the Corporation made debt repayments of $17.0 million, including a $9 million voluntary repayment on its revolving debt facility to reduce its balance to nil and $8 million of scheduled repayments on its term debt facility, paid cash dividends of $16.1 million and issued 49,069 shares under the dividend reinvestment plan. Under its normal course issuer bid, the Corporation repurchased and cancelled 54,100 common shares for a total cost of $1.6 million. At December 31, 2025 the Corporation carried a balance of $89.3 million under its term debt facilities.The Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on March 19, 2026. The dividend is expected to be paid on or about April 02, 2026.This dividend is eligible for payment in common shares under the Dividend Reinvestment Plan (DRIP) announced by press release May 20, 2020, and available to shareholders who are Canadian residents or residents of countries outside the United States.In order to be eligible to participate in respect of the April 02, 2026 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by March 11, 2026, five business days prior to record date. Stock market purchases made under the DRIP for the April 02, 2026 payment will be satisfied by issuance from treasury at the 5 day volume weighted average price ending at the close of trading the day before payment date. Shareholders who have already provided instruction to be enrolled previously will continue to be enrolled unless they direct otherwise. For more information, please see Altius Minerals Corporation Dividend Reinvestment Plan. Participation in the DRIP is optional and will not impact any cash dividends payable to shareholders who do not elect to participate in the DRIP. The declaration, timing and payment of future dividends will largely depend on the Corporation’s financial results as well as other factors. Dividends paid by Altius on its common shares are eligible dividends for Canadian income tax purposes unless otherwise stated.Fourth Quarter and Year End 2025 Financial Results Conference Call and Webcast Details Date: March 11, 2026 Time: 9:00 AM ET Toll Free Dial-In Number: +1-800-717-1738 International Dial-In Number: +1-289-514-5100 Conference Call Title and ID: Altius Minerals Q4 and Year End 2025 Financial Results, ID 01049 Webcast Link: Q4 and Year End 2025 Financial Results Conference Call URL (without operator assistance)1:Conference CallAbout Altius Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 55,915,754 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices.Forward-looking information This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Although Altius believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulations.____________________1 Participants can join the call without operator assistance and will receive an automatic callback after entering personal details https://www.businesswire.com/news/home/20260310188675/en/ContactsEmail:Tel: 1.877.576.2209Direct: +1(416)346.9020Stephanie Hussey Email: shussey@altiusminerals.com Tel: 1.877.576.2209#distroPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.