Labrador Iron Ore Royalty Corporation (LIFZF)

Labrador Iron Ore Royalty Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	207.51	200.17	232.32	279.47	201.93
Revenue Growth (YoY)	3.67%	-13.84%	-16.87%	38.40%	14.00%
Cost of Revenue	6.26	6.02	6.42	6.17	6.19
Gross Profit	201.25	194.15	225.9	273.3	195.74
Selling, General & Admin	3.06	3.05	3.09	3	3.13
Other Operating Expenses	41.17	39.71	46.14	55.56	40.03
Operating Expenses	44.23	42.77	49.24	58.56	43.15
Operating Income	157.02	151.38	176.66	214.73	152.59
Interest & Investment Income	1.5	1.13	0.54	0.26	0.37
Earnings From Equity Investments	60.64	84.68	154.1	229.59	126.02
Pretax Income	219.16	237.2	331.31	444.58	278.98
Income Tax Expense	44.12	50.89	65.86	64.81	51.78
Net Income	175.04	186.31	265.45	379.77	227.2
Net Income to Common	175.04	186.31	265.45	379.77	227.2
Net Income Growth	-6.05%	-29.82%	-30.10%	67.16%	10.64%
Shares Outstanding (Basic)	64	64	64	64	64
Shares Outstanding (Diluted)	64	64	64	64	64
Shares Change (YoY)	-0.03%	0.03%	-	-	-
EPS (Basic)	2.73	2.91	4.15	5.93	3.55
EPS (Diluted)	2.73	2.91	4.15	5.93	3.55
EPS Growth	-6.01%	-29.84%	-30.10%	67.16%	10.64%
Dividend Per Share	3.000	2.550	3.100	6.000	2.550
Dividend Growth	17.65%	-17.74%	-48.33%	135.29%	155.00%
Gross Margin	96.98%	96.99%	97.23%	97.79%	96.94%
Operating Margin	75.67%	75.63%	76.04%	76.84%	75.56%
Profit Margin	84.35%	93.08%	114.26%	135.89%	112.51%
EBIT	157.02	151.38	176.66	214.73	152.59
EBIT Margin	75.67%	75.63%	76.04%	76.84%	75.56%
Effective Tax Rate	20.13%	21.45%	19.88%	14.58%	18.56%
Revenue as Reported	209	201.3	232.86	279.73	202.29

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.