Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.72M | $10.9M | $34.5M | $47.3M | $32.0M | $26.0M | $71.5M | $7.74M | $22.9M | $98.6M |
| Revenue growth | — | 12.0% | 216.8% | 37.1% | -32.4% | -18.9% | 175.4% | -89.2% | 195.3% | 331.3% |
| Net income | $8.56M | $9.76M | $33.4M | $45.6M | $30.1M | $23.4M | $68.8M | $5.31M | $19.0M | $93.3M |
| Net margin | 88.0% | 89.7% | 96.9% | 96.3% | 94.0% | 90.2% | 96.2% | 68.6% | 83.0% | 94.6% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.22M | $12.6M | $29.5M | $45.5M | $34.6M | $20.8M | $62.8M | $13.9M | $14.6M | $93.9M |
| Dividends paid | $8.92M | $7.22M | $19.5M | $36.6M | $44.1M | $21.9M | $37.5M | $47.6M | $4.59M | $17.7M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.59M | $13.7M | $315K | $882K | $10.2M | $12.5M | $47.7M | $14.0M | $24.0M | $100M |
| Total assets | $9.82M | $14.2M | $26.2M | $35.5M | $23.6M | $22.9M | $53.9M | $14.1M | $26.7M | $102M |
| Total liabilities | $828K | $4.04M | $15.6M | $18.6M | $11.8M | $6.45M | $23.1M | $2.68M | $5.72M | $78.4M |
| Shareholders' equity | — | — | — | $16.8M | $11.8M | $16.5M | $30.8M | $11.4M | $21.0M | $23.3M |
| Shares (wtd avg diluted) | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M |
Every figure is extracted from MESABI TRUST’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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