Highlights

  • Altius’ Q2 2025 revenue declined 49.7% year-over-year to USD 9.8 million, mainly due to lower potash volumes and reduced iron ore dividends.
  • Income from operations during the quarter fell 71.4% and net income dropped 33.7% versus Q2 2024.
  • The company expects Q3 2025 attributable royalty revenue of CAD 21.2 million, fueled by higher copper and potash prices.

Altius Minerals Corporation (TSX:ALS) focuses on obtaining diversified mining royalties. It has interests in operations producing copper, zinc, nickel, cobalt, gold, silver, and potash.

In the second quarter of 2025 (Q2 2025), the company’s revenue stood at USD 9.8 million, compared to USD 19.5 million in the same period of 2024, representing a year-over-year decline of 49.7%. Income from operations during the period stood at USD 3.0 million versus USD 10.5 million last year, a fall of 71.4% due to dip in revenue. Income before income taxes decreased by 59.6% to USD 2.1 million from USD 5.2 million in Q2 2024. Net income was reported at USD 5.5 million, down 33.7% from USD 8.3 million in the previous corresponding period. The reduction in revenue was attributed to lower attributable potash volumes and reduced dividends from iron ore. The decline in income before taxes resulted from lower operating income and higher joint venture losses, partly offset by foreign exchange gains. Positive net income was primarily due to these factors, with negative income taxes providing partial offset.

Business Update

On October 15, 2025, the company announced that it expects to report Q3 2025 attributable royalty revenue of approximately CAD 21.2 million, compared to CAD 14.6 million in Q3 2024. This anticipated increase is mainly due to higher realized prices for copper and potash.

Outlook

The company states that the potash market has stabilized after a period of sharply higher prices. This rise had led to reduced short-term demand because farmers delayed applying soil nutrients necessary to replace depletion. This delay affected agricultural yields. Now, prices have settled at more affordable levels. Demand has rebounded and is aligning with long-term trendline forecasts.

Top 10 Shareholders

Altius’ top 10 shareholders own about 34.27% of the company’s shares. Among them, Fairfax Financial Holdings Ltd holds the largest stake at approximately 14.41%. EdgePoint Investment Group Inc. follows with around 7.20%.

Stock Information

The stock has gained approximately 7.01% over the past week and about 11.78% over the past month. Additionally, it is currently trading above its 52-week average high of CAD 35.31 and low of CAD 22.27.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is October 17, 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

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Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.