MESABI TRUST
Business
MESABI TRUST is a statutory trust that holds and administers royalty interests in iron ore mining properties and derives income from those interests. The Trust’s primary offerings are leasehold and fee royalties tied to iron ore production from its mineral properties. The business operates in a single reporting segment focused on iron ore mining and related royalty administration. All of the Trust’s revenues are generated from the assets comprising the Trust estate, principally through royalty payments from mining operations on its mineral properties.
Summary from filing dated 2025-04-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Arbitration award | — | 71 | — | — | — | |
| Interest | 953,577 | 2 | 769,398 | 245,655 | 523,365 | |
| Total revenues | 18 | 99 | 23 | 8 | 71 | |
| Compensation of Trustees | 456,370 | 256,654 | 257,064 | 332,351 | 291,187 | |
| Corporate Trustee's administrative fees | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | |
| Legal | 2 | 4 | 3 | 1 | 2 | |
| Accounting and auditing | 248,124 | 238,644 | 247,443 | 216,250 | 198,089 | |
| Mining consultant and field representatives | 49,799 | 46,985 | 42,925 | 41,542 | 42,120 | |
| Insurance | 270,845 | 276,652 | 280,855 | 275,072 | 241,491 | |
| Annual stock exchange fee | 81,830 | 80,020 | 80,575 | 74,425 | 71,255 | |
| Transfer agent's and registrar's fees | 9,500 | 4,471 | 4,693 | 5,901 | 5,561 | |
| Other Trust expenses | 182,944 | 504,104 | 330,258 | 52,282 | 53,425 | |
| Total expenses | 4 | 5 | 4 | 2 | 3 | |
| Net income | 14 | 93 | 19 | 5 | 69 | |
| WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING (in units) | 13 | 13 | 13 | 13 | 13 | |
| Net income per unit (Note 2) (in dollars per unit) | 1.06 | 7.11 | 1.45 | 0.41 | 5.24 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 23 | 100 | 24 | 14 | 48 | |
| Accrued income receivable | 782,363 | 1 | 2 | 23,562 | 5 | |
| Contract asset | 263,982 | 240,642 | 451,896 | — | — | |
| Prepaid expenses | 147,371 | 122,518 | 297,647 | 127,233 | 122,545 | |
| Current assets | 24 | 102 | 27 | 14 | 54 | |
| Amended assignment of Peters Lease | 1 | 1 | 1 | 1 | 1 | |
| Assignment of Cloquet Leases | 1 | 1 | 1 | 1 | 1 | |
| Certificate of beneficial interest for 13,120,010 units of Land Trust | 1 | 1 | 1 | 1 | 1 | |
| Total fixed property | 3 | 3 | 3 | 3 | 3 | |
| Total assets | 24 | 102 | 27 | 14 | 54 | |
| Distribution payable | 3 | 78 | 5 | — | 23 | |
| Accrued expenses | 542,250 | 336,675 | 860,802 | 380,960 | 158,443 | |
| Total liabilities | 4 | 78 | 6 | 3 | 23 | |
| Unallocated reserve | 20 | 23 | 21 | 11 | 31 | |
| Trust corpus | 3 | 3 | 3 | 3 | 3 | |
| Total liabilities, unallocated reserve and trust corpus | 24 | 102 | 27 | 14 | 54 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|---|
| Royalties received | 17 | 27 | — | 17 | 16 | |
| Arbitration award | — | 71 | — | — | — | |
| Interest received | 1 | 2 | — | 755,017 | 222,238 | |
| Expenses paid | −3 | −6 | — | −4 | −2 | |
| Net cash from operating activities | 14 | 94 | — | 15 | 14 | |
| Distributions to unitholders | −91 | −18 | −5 | −5 | −48 | |
| Net change in cash and cash equivalents | −77 | 76 | — | 10 | −34 | |
| Net income | 14 | 93 | — | 19 | 5 | |
| Decrease in accrued income receivable | 378,398 | 799,597 | — | −2 | 5 | |
| (Increase) decrease in contract asset | −23,340 | 211,254 | — | −451,896 | 1 | |
| (Increase) decrease in prepaid expenses | −24,853 | 175,129 | — | −170,414 | −4,688 | |
| Increase (decrease) in accrued expenses | 205,575 | −524,127 | — | 479,842 | 222,517 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MESABI TRUST's CIK number?
MESABI TRUST's SEC CIK number is 0000065172 (65172). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MESABI TRUST's SEC filings?
All of MESABI TRUST's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MESABI TRUST last report earnings?
MESABI TRUST (MSB) most recently filed an earnings 8-K with the SEC on Jul 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-083538). This is MESABI TRUST's most recent earnings filing of record — not a forecast of its next earnings date.
What is MESABI TRUST's most recent earnings 8-K?
MESABI TRUST's latest earnings 8-K (Item 2.02) was filed Jul 14, 2026 under accession 0001104659-26-083538. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MESABI TRUST's latest earnings 8-K →
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