MESABI TRUST
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.6M | $22.9M | $7.7M | $71.5M | $26.0M | $32.0M | $47.3M | $34.5M |
| Cost of Revenue | $5.3M | $3.9M | $2.4M | $2.7M | $2.5M | $1.9M | $1.7M | $1.1M |
| Gross Profit | $93.3M | $19.0M | $5.3M | $68.8M | $23.4M | $30.1M | $45.6M | $33.4M |
| Gross Margin | 94.6% | 83.0% | 68.6% | 96.2% | 90.2% | 94.0% | 96.3% | 96.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | $1.1M |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $93.3M | $19.0M | $5.3M | $68.8M | $23.4M | $30.1M | $45.6M | $33.4M |
| Net Margin | 94.6% | 83.0% | 68.6% | 96.2% | 90.2% | 94.0% | 96.3% | 96.9% |
| EPS (Basic) | $7.11 | $1.45 | $0.41 | $5.24 | $1.78 | $2.29 | $3.47 | $2.55 |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M |
| Shares Outstanding (Diluted) | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |