Mesabi Trust (MSB)

Basic Materials | Steel
Income Statement (Quarterly) 2025-07-31 2025-04-30 2025-01-31 2024-10-31
Revenue 5,606,755 4,734,542 5,841,807 7,816,811
Cost of Revenue 862,873 1,103,334 786,289 0
Gross Profit 4,743,882 3,631,208 5,055,518 7,816,811
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 0 0 12,981 676,315
Operating Expenses 0 0 12,981 676,315
Operating Income 4,743,882 3,631,208 5,042,537 7,348,366
Interest Expense 0 0 0 0
Income Before Tax 4,743,882 3,631,208 6,067,040 78,325,525
Income Tax Expense 0 0 0 0
Net Income 4,743,882 3,631,208 6,067,040 78,325,525
Per Share
EPS 0.36 0.28 0.46 5.97
EPS Diluted 0.00 0.00 0.00 0.00
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) 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) 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 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 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