Mesabi Trust 10-Q quarterly reports

Mesabi Trust reported a sharp 70% decline in net income for the quarter ended April 30, 2026, primarily due to the absence of bonus royalty revenue from iron ore shipments.

Mesabi Trust reported a significant decline in royalty income for the three and nine months ended October 31, 2025, alongside the initiation of a new arbitration against Northshore and Cliffs.

Mesabi Trust reported a significant decrease in royalty income and net income for the quarter and six months ended July 31, 2025, primarily due to lower iron ore shipments, pricing, and an extended maintenance shutdown at Northshore.

Mesabi Trust reported a significant decrease in royalty income and iron ore shipments for the quarter ended April 30, 2025, primarily due to an extended maintenance shutdown at Northshore Mining, yet net income and distributions per unit increased due to a sharp reduction in legal expenses.

Mesabi Trust's Q3 2024 results show a significant increase in net income due to a large arbitration award and higher royalty income.

Mesabi Trust's Q2 2024 results show a decrease in net income compared to the previous year, influenced by lower royalty income and increased expenses, despite a distribution to unitholders.

Mesabi Trust saw a significant increase in revenue and net income in the first quarter of 2024, primarily due to the restart of operations at Northshore Mining Company.