DBT Bureau
Pune, 8 Nov 2025
Labrador Iron Ore Royalty Corporation (LIORC) reported steady performance through 2023–2025, with revenue and cash flow showing periodic fluctuations due to varying royalty receipts and dividends from the Iron Ore Company of Canada. The company’s Q3 2025 results reflected revenue of $44 million and net income of $30.4 million, with $0.40 per share in dividends declared, marking a stable return to shareholders despite lower overall revenue compared to 2024.
Below is the financial summary from 2023 to 2025.
| Year | Quarter | Revenue ($M) | Net Income ($M) | Net Income per Share | Cash Flow from Operations ($M) | Cash Flow per Share | Adjusted Cash Flow per Share | Dividends Declared per Share |
|---|---|---|---|---|---|---|---|---|
| 2025 | Q1 | 36.2 | 21.4 | $0.33 | 24.7 | $0.39 | $0.31 | $0.50 |
| Q2 | 46.8 | 26.5 | $0.42 | 17.7 | $0.28 | $0.40 | $0.30 | |
| Q3 | 44.0 | 30.4 | $0.47 | 32.7 | $0.51 | $0.38 | $0.40 | |
| 2024 | Q1 | 56.7 | 59.3 | $0.93 | 30.0 | $0.47 | $0.49 | $0.45 |
| Q2 | 53.1 | 50.2 | $0.78 | 82.1 | $1.28 | $1.11 | $1.10 | |
| Q3 | 42.3 | 33.6 | $0.53 | 43.0 | $0.67 | $0.68 | $0.70 | |
| Q4 | 56.9 | 31.9 | $0.50 | 46.8 | $0.73 | $0.83 | $0.75 | |
| 2023 | Q1 | 47.2 | 43.6 | $0.68 | 19.5 | $0.30 | $0.31 | $0.50 |
| Q2 | 51.5 | 41.9 | $0.65 | 40.9 | $0.64 | $0.75 | $0.55 | |
| Q3 | 47.7 | 49.4 | $0.77 | 65.7 | $1.03 | $0.89 | $0.95 | |
| Q4 | 54.9 | 51.4 | $0.80 | 26.4 | $0.41 | $0.47 | $0.60 |
