{"id":4806,"date":"2026-05-13T02:05:00","date_gmt":"2026-05-13T00:05:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=63bf101235f55bff56deb0c5340c99ce"},"modified":"2026-05-13T02:05:00","modified_gmt":"2026-05-13T00:05:00","slug":"altius-reports-q1-2026-attributable-royalty-revenue-of-26-8m-and-adjusted-earnings1-of-5-4m","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=4806","title":{"rendered":"Altius Reports Q1 2026 Attributable Royalty Revenue of $26.8M and Adjusted Earnings(1) of $5.4M"},"content":{"rendered":"

\nAll references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated<\/i><\/p>

ST. JOHN\u2019S, Newfoundland--(BUSINESS WIRE)--$ALS.TO<\/a> #Financials<\/a>--Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (\u201cAltius\u201d or the \u201cCorporation\u201d)<\/b> reports its first quarter revenue of $22.2 million compared to $12.6 million in Q1 2025.<\/p><\/a><\/a>

\nAttributable royalty revenue(1)<\/sup> of $26.8 million ($0.55 per share(1)<\/sup>) compares to $15.0 million ($0.32 per share) reported in Q1 2025. Royalty revenue reflects higher realized prices, timing of copper stream deliveries, the addition of four operating lithium royalties and higher electricity royalty revenue offset by lower dividends from iron ore.<\/p>

\nOperating Royalty Portfolio Performance<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n

\nSummary of attributable royalty revenue<\/b><\/p><\/td>

\nQ1 2026<\/b><\/p><\/td>

\nQ4 2025<\/b><\/p><\/td>

\nQ1 2025<\/b><\/p><\/td><\/tr>\n

\nBase metals<\/p><\/td>

\n$<\/p><\/td>

\n9,103<\/p><\/td>

\n$<\/p><\/td>

\n4,098<\/p><\/td>

\n$<\/p><\/td>

\n6,789<\/p><\/td><\/tr>\n

\nPotash<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,507<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,972<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,894<\/p><\/td><\/tr>\n

\nElectricity(1)<\/sup><\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,594<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,306<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,648<\/p><\/td><\/tr>\n

\nLithium<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,429<\/p><\/td>

\n\u00a0<\/p><\/td>

\n94<\/p><\/td>

\n\u00a0<\/p><\/td>

\n51<\/p><\/td><\/tr>\n

\nIron ore(2)<\/sup><\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,562<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,803<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,870<\/p><\/td><\/tr>\n

\nInterest and investment<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,573<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,610<\/p><\/td>

\n\u00a0<\/p><\/td>

\n703<\/p><\/td><\/tr>\n

\nAttributable royalty revenue<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n26,768<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n20,883<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n14,955<\/b><\/p><\/td><\/tr>\n

\n(1)<\/sup> ARR and GBR amounts presented at their effective ownership percentages of 57% and 29%, respectively<\/p><\/td><\/tr>\n

\n(2)<\/sup> Labrador Iron Ore Royalty Corporation dividends<\/p><\/td><\/tr>\n<\/table>

\nAdjusted EBITDA(1)<\/sup> of $19.8 million ($0.40 per share) compares to $9.5 million ($0.20 per share) in Q1 2025.<\/p>

\nAdjusted operating cash flow(1)<\/sup> for the first quarter of 2026 was $(3.6) million ($(0.07) per share) compared to adjusted operating cash flow generated of $4.1 million ($0.09 per share) in Q1 2025 reflecting higher tax payments and working capital changes as well as the payment of one time post closing expenses of $5.8 million following the acquisition of Lithium Royalty Corp. (\"LRC\").<\/p>

\nNet earnings of $2.6 million ($0.05 per share) compared to net earnings of $6.3 million ($0.13 per share) in Q1 2025. Q1 2026 net earnings reflect higher revenues and higher expenses including costs of sales, general and administrative (which include one time post closing LRC expenses of $5.8 million noted above), share based compensation and amortization. In the prior year quarter tax recoveries from recognition of certain tax losses positively impacted net earnings.<\/p>

\nAdjusted net earnings per share(1)<\/sup> of $0.11 is higher than $0.05 per share reported in Q1 2025. The main adjusting items are summarized in the table below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n

\nAdjusted Net Earnings<\/b><\/p><\/td>

\nThree months ended<\/b><\/p><\/td><\/tr>\n

\nMarch 31, 2026<\/b><\/p><\/td>

\nMarch 31, 2025<\/b><\/p><\/td><\/tr>\n

\nNet earnings attributable to common shareholders<\/p><\/td>

\n$<\/p><\/td>

\n2,446<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n6,201<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAddback (deduct):<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nUnrealized loss (gain) on fair value adjustment of derivatives<\/p><\/td>

\n\u00a0<\/p><\/td>

\n293<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n715<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nForeign exchange loss (gain)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(2,269<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(177<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nGain on disposal of mineral property<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2013<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(19<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nNon-recurring severance costs<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,832<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2013<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTax impact<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(906<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(4,362<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nAdjusted net earnings<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n5,396<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/b><\/p><\/td>

\n2,358<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\nStock based compensation expense of $6.3 million has not been adjusted in the table above however the expense is higher in the current quarter due to the performance of the stock price.<\/p>

\nQuarterly Highlights<\/b><\/p>