Mesabi Trust (MSB)

Name: Mesabi Trust Financial Statements
Creator: Quarter Results

Basic Materials | Steel

Latest reporting period: 2025-10-31

Latest Quarter

2025-10-31

Revenue

$3.6M

Net Income

$2.8M

Operating Margin

94.4%

Free Cash Flow

$93.9M

Debt / Assets

77.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Mesabi Trust (MSB).
Income Statement (Quarterly)	2025-10-31	2025-07-31	2025-04-30	2025-01-31
Revenue	3,590,450	5,606,755	4,734,542	5,841,807
Cost of Revenue	822,987	862,873	1,103,334	786,289
Gross Profit	2,767,463	4,743,882	3,631,208	5,055,518
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	0	0	12,981
Operating Expenses	0	0	0	12,981
Operating Income	3,390,609	4,743,882	3,631,208	5,042,537
Interest Expense	0	0	0	0
Income Before Tax	2,767,463	4,743,882	3,631,208	6,067,040
Income Tax Expense	0	0	0	0
Net Income	2,767,463	4,743,882	3,631,208	6,067,040
Per Share
EPS	0.21	0.36	0.28	0.46
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Mesabi Trust (MSB).
Income Statement (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Revenue	25,456,000	22,862,000	7,496,000	71,459,790	25,915,078
Cost of Revenue	323,625	257,064	332,351	291,187	215,368
Gross Profit	98,272,026	22,605,000	7,164,000	71,168,603	25,699,710
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	5,236,917	3,206,000	2,353,000	2,617,229	1,913,475
Operating Expenses	5,236,917	3,291,000	2,048,000	2,694,045	1,913,475
Operating Income	20,638,196	19,069,000	5,389,000	68,842,561	23,786,235
Interest Expense	0	0	0	452,110	0
Income Before Tax	93,274,000	18,983,000	5,309,000	68,765,745	23,407,647
Income Tax Expense	0	0	-80,326	-76,816	0
Net Income	93,274,000	18,983,000	5,309,000	68,765,745	23,407,647
Per Share
EPS	7.11	1.45	0.41	5.24	1.78
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Mesabi Trust (MSB).
Balance Sheet (Quarterly)	2025-01-31	2024-01-31	2023-01-31	2022-01-31
Assets
Cash and Cash Equivalents	100,204,531	23,980,448	13,966,500	47,727,522
Short Term Investments	0	0	0	0
Net Receivables	1,401,403	2,412,254	23,562	6,063,143
Inventory	0	0	14,093,733	1
Total Current Assets	101,728,452	26,690,349	14,117,295	53,913,210
Property Plant Equipment	0	2	2	2
Goodwill and Intangibles	0	0	1	1
Total Assets	101,728,455	26,690,352	14,117,298	53,913,213
Liabilities
Account Payables	0	0	0	0
Short Term Debt	0	0	0	0
Total Current Liabilities	78,400,735	5,715,206	380,960	23,118,461
Long Term Debt	0	0	0	0
Total Liabilities	78,400,735	5,715,206	2,679,081	23,118,461
Shareholders Equity
Retained Earnings	23,327,717	20,975,143	11,438,214	30,794,749
Total Shareholders Equity	23,327,720	20,975,146	11,438,217	30,794,752

Balance sheet annual history for Mesabi Trust (MSB).
Balance Sheet (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Assets
Cash and Cash Equivalents	100,204,531	23,980,448	13,966,500	47,727,522	12,500,941
Short Term Investments	0	0	0	0	9,906,669
Net Receivables	1,401,403	2,412,254	23,562	6,063,143	426,728
Inventory	0	0	14,093,733	1	0
Total Current Assets	101,728,452	26,690,349	14,117,295	53,913,210	22,928,923
Property Plant Equipment	0	2	2	2	2
Goodwill and Intangibles	0	0	1	1	1
Total Assets	101,728,455	26,690,352	14,117,298	53,913,213	22,928,926
Liabilities
Account Payables	0	0	0	0	0
Short Term Debt	0	0	0	0	0
Total Current Liabilities	78,400,735	5,715,206	380,960	23,118,461	6,451,877
Long Term Debt	0	0	0	0	0
Total Liabilities	78,400,735	5,715,206	2,679,081	23,118,461	6,451,877
Shareholders Equity
Retained Earnings	23,327,717	20,975,143	11,438,214	30,794,749	16,477,046
Total Shareholders Equity	23,327,720	20,975,146	11,438,217	30,794,752	16,477,049

Cash flow quarterly history for Mesabi Trust (MSB).
Cash Flow Statement (Quarterly)	2025-01-31	2024-01-31	2023-01-31	2022-01-31
Operating Activities
Net Income	93,274,243	18,983,336	5,309,085	68,765,745
Depreciation & Amortization	0	0	0	0
Stock Based Compensation	0	0	0	0
Change in Working Capital	661,853	-4,377,385	8,555,531	-5,922,604
Operating Cash Flow	93,936,096	14,605,951	13,864,616	62,843,141
Investing Activities
Capital Expenditure	0	0	0	0
Investments	0	0	0	0
Investing Cash Flow	0	0	0	9,906,669
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	-17,712,013	-4,592,003	-47,625,638	-37,523,229
Financing Cash Flow	-17,712,013	-4,592,003	-47,625,638	-37,523,229
Summary
Free Cash Flow	93,936,096	14,605,951	13,864,616	62,843,141
Net Change in Cash	76,224,083	10,013,948	-33,761,022	35,226,581

Cash flow annual history for Mesabi Trust (MSB).
Cash Flow Statement (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Operating Activities
Net Income	93,274,243	18,983,336	5,309,085	68,765,745	23,407,647
Depreciation & Amortization	0	0	0	0	0
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	661,853	-4,377,385	8,555,531	-5,922,604	-2,599,749
Operating Cash Flow	93,936,096	14,605,951	13,864,616	62,843,141	20,807,898
Investing Activities
Capital Expenditure	0	0	0	0	0
Investments	0	0	0	0	0
Investing Cash Flow	0	0	0	9,906,669	3,425,805
Financing Activities
Debt Repayment	0	0	0	0	0
Common Stock Issued/Repurchased	0	0	0	0	0
Dividends Paid	-17,712,013	-4,592,003	-47,625,638	-37,523,229	-21,910,417
Financing Cash Flow	-17,712,013	-4,592,003	-47,625,638	-37,523,229	-21,910,417
Summary
Free Cash Flow	93,936,096	14,605,951	13,864,616	62,843,141	20,807,898
Net Change in Cash	76,224,083	10,013,948	-33,761,022	35,226,581	2,323,286