Overview

* Labrador Iron Ore's Q3 revenue rises 5% yr/yr, driven by higher iron ore prices

* Net income per share for Q3 falls 11% yr/yr, reflecting reduced IOC profitability

* Adjusted cash flow per share declines 44% yr/yr due to no IOC dividend in Q3

Outlook

* IOC expects 2025 saleable production at low end of 16.5-19.4 mln tonnes guidance range

* IOC revises 2025 capital expenditure forecast to $288 mln, down from $342 mln

Result Drivers

* HIGHER IRON ORE PRICES - Co benefited from increased iron ore prices in first three quarters of 2025, contributing to higher revenue

* INCREASED PELLET SALES - Pellet sales volumes rose, offsetting some negative impacts from lower CFS sales

* NO IOC DIVIDEND - Absence of IOC dividend significantly reduced adjusted cash flow per share

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$44 mln

Revenue

Q3 EPS C$0.47

Q3 Net C$30.40

Income mln

Q3 C$0.38

Adjusted

Cash

Flow Per

Share

Q3 Cash C$32.70

Flow mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the iron & steel peer group is "buy"

* Wall Street's median 12-month price target for Labrador Iron Ore Royalty Corp ( LIFZF ) is C$29.00, about 0.7% above its November 5 closing price of C$28.79

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)