CKX LANDS, INC.

Listed Company

CKXCIK 0000352955NYSENon-AcceleratedSmaller ReportingCrude Petroleum & Natural GasLouisianaFY ends Dec 31

Period

FY 2025

Revenue

$838.5K

Net Income

$3.01M

Total Assets

$22.29M

Equity

$21.45M

Shares Out

2.05M

Op. Cash Flow

$459.6K

Business

CKX LANDS, INC. owns and manages land interests and derives income primarily from mineral royalties, timber sales and surface payments tied to its acreage. The company’s main products and services are royalty and lease income from oil and gas production, timber harvesting and sales, and recurring and non‑recurring surface lease revenues (farming, recreational, commercial, pipelines and rights‑of‑way). Its key business activities are passive mineral interest management, active timberland management and land leasing. The company focuses on southwest Louisiana land holdings and distributes revenue through leases with operators, timber markets and surface tenants.

Summary from filing dated 2025-03-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	838,543	2	1	1	744,545
General and administrative expense	687,441	1	1	3	651,574
Depreciation expense	3,109	4,261	4,261	5,039	2,027
Gain on sale of land	−4	−85,636	−149,992	−18,972	—
Total costs, expenses and (gains)	−3	1	1	3	−318,765
Income from operations	4	116,992	121,824	−2	1
Interest income	335,539	206,949	160,303	35,340	15,625
Miscellaneous income	66	13,783	74	1,769	4,384
Income before income taxes	4	337,724	282,201	−2	1
Current	625,098	−9,877	110,169	0	263,970
Deferred	341,698	97,377	29,071	−487,713	0
Total income taxes	966,796	87,500	139,240	−487,713	263,970
Net income	3	250,224	142,961	−1	819,349
Basic (in dollars per share)	1.47	0.12	0.07	−0.67	0.42
Diluted (in dollars per share)	1.47	0.12	0.07	−0.67	—
Basic (in shares)	2	2	2	2	2
Diluted (in shares)	2	2	2	2	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Accrued accounts receivable	41,705	78,119	104,741	126,423	50,739
Prepaid expense and other assets	11,242	171,202	212,279	28,695	35,405
Total current assets	18	10	9	8	8
Property and equipment, net	4	9	9	9	9
Deferred tax asset	0	231,744	329,121	300,050	0
Total assets	22	19	19	18	17
Trade payables and accrued expenses	87,985	52,420	159,159	37,626	111,123
Income tax payable	469,048	0	151,404	0	—
Unearned revenue	173,369	211,763	184,785	229,550	150,113
Total current liabilities	730,402	264,183	495,348	267,176	261,236
Deferred tax liability	109,954	0	—	0	187,664
Total liabilities	840,356	264,183	495,348	267,176	448,900
Common stock, 3,000,000 shares authorized, no par value, 2,102,595 and 2,053,129 shares issued and outstanding, respectively, as of December 31, 2025, and 2,066,044 and 2,027,032 shares issued and outstanding, respectively, as of December 31, 2024	59,335	59,335	59,335	59,335	59,335
Additional paid in capital	3	3	3	2	0
Treasury stock, 49,466 and 39,012 shares, at cost, respectively, as of December 31, 2025 and 2024	−620,216	−472,602	263,748	−176,592	—
Retained earnings	19	16	15	15	17
Total stockholders' equity	21	19	18	17	17
Total liabilities and stockholders' equity	22	19	19	18	17

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depletion expense	126	91	685	883	563
Deferred income taxes	341,698	97,377	−29,071	−300,050	0
Gain on sale of land	−4	−85,636	−149,992	−18,972	−1
Share-based compensation	0	223,626	841,839	2	0
(Increase) decrease in current assets	196,374	−54,017	−161,902	−73,577	21,082
Increase (decrease) in current liabilities	466,219	−231,165	228,172	−181,724	−80,959
Net cash provided by operating activities	459,630	204,761	876,953	413,691	−263,673
Proceeds from the sale of fixed assets	8	140,582	149,992	18,972	1
Net cash provided by (used in) investing activities	14	−4	−391,315	−498,765	1
Repurchases of common stock	−147,614	−208,854	−87,156	−176,592	0
Net cash used in financing activities	−147,614	−208,854	−87,156	−176,592	0
NET CHANGE IN CASH AND CASH EQUIVALENTS	15	−4	398,482	−261,666	946,618
Cash paid for interest	0	0	0	0	0
Cash paid for income taxes	0	263,739	0	0	289,423

Filings

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