Security
Mesabi Trust · MSB
MSBNYSEETFCurrentCIK 65172Updated Nov 3, 2026
MSB price & chart
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Seeking Alpha
Short interest alert: Most and least shorted sub-$2B materials stocks in Aug ↗
Mesabi Trust: No Bonus Royalties Yet, Also Structural Iron Ore Price Concerns ↗
SEC disclosures
MESABI TRUST files 8-K: Material Event ↗
Recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2026 | Q3 2025 | Q2 2027 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 25,999,204Source | 100,667,027Source | 19,843,209Source | 24,776,662Source | 26,248,730Source | 21,921,759Source | 27,428,572Source | 25,131,155Source | 101,728,455Source | 26,690,352Source | 14,117,298Source | 53,913,213Source |
| Current assets: | ||||||||||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,522,367Source | 3,883,400Source | 967,961Source | 1,443,875Source | 2,584,690Source | 631,572Source | 1,916,756Source | 1,828,842Source | 1,160,761Source | 1,960,358Source | 23,562Source | 4,631,510Source |
| Assets, CurrentUSD | 25,999,201Source | 100,667,024Source | 19,843,206Source | 24,776,659Source | 26,248,727Source | 21,921,756Source | 27,428,569Source | 25,131,152Source | 101,728,452Source | 26,690,349Source | 14,117,295Source | 53,913,210Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 4,911,341Source | 5,342,288Source | 2,252,687Source | 1,995,459Source | 4,132,712Source | 3,580,223Source | 7,816,850Source | 4,477,027Source | 78,400,735Source | 5,715,206Source | 2,679,081Source | 23,118,461Source |
| Liabilities and EquityUSD | 25,999,204Source | 100,667,027Source | 19,843,209Source | 24,776,662Source | 26,248,730Source | 21,921,759Source | 27,428,572Source | 25,131,155Source | 101,728,455Source | 26,690,352Source | 14,117,298Source | 53,913,213Source |
cash flow · annual statements
| Line item | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2027 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 1,087,463Source | 3,631,208Source | 93,274,243Source | 18,983,336Source | 5,309,085Source | 68,765,745Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -150,791Source | 755,995Source | -799,597Source | 1,936,796Source | -4,607,948Source | 4,382,033Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 533,667Source | 2,080,661Source | 93,936,096Source | 14,605,951Source | 13,864,616Source | 62,843,141Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | — | 9,906,669Source |
| Cash flows from financing activities: | ||||||||||||
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | — | — | — | — | — | 35,226,581Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 23,191,923Source | 95,910,149Source | 17,385,397Source | 21,249,191Source | 21,631,129Source | 20,285,073Source | 24,221,132Source | 100,204,531Source | 23,980,448Source | 13,966,500Source | 47,727,522Source |
| Additional Financial Items | ||||||||||||
| Net Income (Loss) Attributable to ParentUSD | — | 2,767,463Source | 78,325,525Source | -95,013Source | 4,743,882Source | 5,397,894Source | 1,087,463Source | 3,631,208Source | 93,274,243Source | 18,983,336Source | 5,309,085Source | 68,765,745Source |
income statement · annual statements
| Line item | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2027 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | 3,590,450Source | 79,001,840Source | 2,480,356Source | 5,606,755Source | 6,489,909Source | 2,245,888Source | 4,734,542Source | 98,595,651Source | 22,862,029Source | 7,741,974Source | 71,459,790Source |
| Cost of RevenueUSD | — | 822,987Source | 676,315Source | 2,575,369Source | 862,873Source | 1,092,015Source | 1,158,425Source | 1,103,334Source | 5,321,408Source | 3,878,693Source | 2,432,889Source | 2,694,045Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | 2,767,463Source | 78,325,525Source | -95,013Source | 4,743,882Source | 5,397,894Source | 1,087,463Source | 3,631,208Source | 93,274,243Source | 18,983,336Source | 5,309,085Source | 68,765,745Source |
| Earnings Per Share, BasicUSD per share | — | 0.21Source | 5.97Source | -0.01Source | 0.36Source | 0.41Source | 0.08Source | 0.28Source | 7.11Source | 1.45Source | 0.41Source | 5.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source | 13,120,010Source |
| Additional Financial Items | ||||||||||||
| Interest Income (Expense), NetUSD | — | 199,841Source | 468,445Source | 151,833Source | 189,851Source | 235,190Source | 168,077Source | 385,070Source | 1,955,122Source | 769,398Source | 245,655Source | 523,365Source |
| Other ExpensesUSD | — | — | — | — | — | — | — | — | 504,104Source | 330,258Source | 52,282Source | 53,425Source |
Filing attachments
msb-ex99d1.htm · 8-K · 2026-10-15
Exhibit 99.1 MESABI TRUST PRESS RELEASE October 15, 2026 @ 04:05 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Mesabi Trust Announcement of No Distribution The Trustees of Mesabi Trust (NYSE: MSB) have determined that no distribution has been declared this quarter, and no distribution will be paid in November 2026, with respect to Units of Beneficial Interest. This compares to a thirty-four cents ($0.34) per Unit distribution declared for the same period last year. The Trustees’ annou…
Read attachment ↗msb-20260731xex99d1.htm · 10-Q · 2026-09-11
Exhibit 99.1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Unitholders and Trustees of Mesabi Trust: Results of Review of Interim Financial Information We have reviewed the condensed balance sheet of Mesabi Trust (the Trust) as of July 31, 2026, and the related condensed statements of income for the three-month and six-month periods ended July 31, 2026 and 2025, and cash flows for the six-month periods ended July 31, 2026 and 2025, and the related notes (collectively referre…
Read attachment ↗msb-20260714xex99d1.htm · 8-K · 2026-07-14
EX-99.1 2 msb-20260714xex99d1.htm EX-99.1 EXHIBIT 99.1 MESABI TRUST PRESS RELEASE July 14, 2026 @ 04:05 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of five cents ($0.05) per Unit of Beneficial Interest (“Unit”) payable on August 20, 2026 to Mesabi Trust Unitholders of record at the close of business on July 30, 2026. This compares to a twelve cents ($0.12) per Unit distributi…
Read attachment ↗msb-20260430xex99d1.htm · 10-Q · 2026-06-12
Exhibit 99.1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Unitholders and Trustees of Mesabi Trust: Results of Review of Interim Financial Information We have reviewed the condensed balance sheet of Mesabi Trust (the Trust) as of April 30, 2026, and the related condensed statements of income and cash flows for the three-month periods ended April 30, 2026 and 2025, and the related notes (collectively referred to as the interim financial statements). Based on our review, we a…
Read attachment ↗msb-20260430xex99d1.htm · 8-K · 2026-05-04
EX-99.1 2 msb-20260430xex99d1.htm EX-99.1 Exhibit 99.1 May 4, 2026 4:10 PM Eastern Daylight Time MESABI TRUST PRESS RELEASE NEW YORK - - (Business Wire) - - Quarterly Royalty Report and Royalty Payment On April 30, 2026, the Trustees of Mesabi Trust (NYSE: MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2026 (the “Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining …
Read attachment ↗msb-20260414xex99d1.htm · 8-K · 2026-04-14
EX-99.1 2 msb-20260414xex99d1.htm EX-99.1 EXHIBIT 99.1 MESABI TRUST PRESS RELEASE Tuesday, April 14, 2026 @ 04:15 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-four cents ($0.24) per Unit of Beneficial Interest payable on May 20, 2026 to Mesabi Trust Unitholders of record at the close of business on April 30, 2026. This compares to a fifty-six cents ($0.56) per Unit d…
Read attachment ↗