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Earnings

Altius Reports Q2 2025 Attributable Royalty Revenue of $12.7M and Adjusted Earnings(1) of $1.6M

By The Northwire Desk — AI Analysis Aug 11, 2025 · 17:05 ALS · 30.27 Altius Minerals Corporation
ALS · Price

Executive Summary

  • Altius Minerals reported Q2 2025 revenue of $9.8 M, a 50% decline versus Q2 2024 ($19.5 M), driven by lower potash volumes and reduced iron‑ore royalties.
  • Adjusted EBITDA fell to $7.5 M (down from $14.5 M) and net earnings dropped to $5.5 M (down from $8.3 M).
  • The company declared a quarterly dividend of $0.10 per share (up 11%) and disclosed a major cash inflow from the sale of a 1% NSR royalty in Nevada ($275 M) plus proceeds from the Orogen/Triple Flag transaction (~$81 M), raising total liquidity to roughly $540 M.

Key Details

  • Revenue: Q2 2025 attributable royalty revenue $12.7 M ($0.27 per share) vs. $20.4 M ($0.44 per share) in Q2 2024.
  • Base & battery metals: $4.694 M (down from $6.840 M).
  • Potash: $4.115 M (up from $3.894 M YoY but down from prior quarter).
  • Renewable energy: $2.100 M (up from $1.648 M).
  • Iron ore royalties: $1.122 M (down sharply from $4.114 M).
  • Adjusted EBITDA: $7.5 M ($0.16 per share) vs. $14.5 M ($0.31 per share) YoY.
  • Adjusted Operating Cash Flow: $4.7 M ($0.10 per share) vs. $8.3 M ($0.18 per share).
  • Net Earnings: $5.5 M ($0.12 per share) vs. $8.3 M ($0.18 per share). Adjusted net earnings $1.588 M vs. $4.002 M prior year.
  • Liquidity & Capital Allocation:
  • Cash & equivalents: $11.1 M (down from $15.9 M).
  • Market value of equity holdings: $106 M (Labrador Iron Ore), $25 M (Lithium Royalty), $87 M (Project Generation portfolio, including $75.6 M Orogen).
  • Debt repayments: $2.0 M scheduled; term debt balance $93.3 M; revolving credit $9.0 M.
  • Major Transactions:
  • Sale of 1% NSR royalty in Nevada to Franco‑Nevada for US$275 M (≈C$375 M) – $250 M cash at closing, $25 M contingent on arbitration outcome.
  • Orogen/Triple Flag deal: Altius received $29.545 M cash, 1.147 M Triple Flag shares (later sold for ~$37 M), and ~9.89 M shares of spin‑out “Orogen SpinCo,” totaling ≈$81 M gross proceeds.
  • Dividend Declaration: Quarterly dividend $0.10 per share (↑11%), record date Aug 29 2025, payable approx. Sep 15 2025; eligible for DRIP enrollment.
  • Conference Call: August 12 2025, 9:00 AM EDT – webcast ID 06104.

Notable Quotes

(No direct CEO/President quotes were included in the release.)

Read the original news release →

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