Metals Royalty swings to net profit of $4.48 million for quarter ended September 30, 2026
TMCR•The Metals Royalty Company reported net income of $4.48 million for the three months ended September 30, 2026, including $21.8 million in fair value gains on derivatives. Its nine-month net loss widened to $12.35 million.
1. Quarterly results
The Metals Royalty Company swung to net income of $4.48 million for the three months ended September 30, 2026. Fair value gains on derivative instruments totaled $21.8 million, while operating expenses rose year over year to $9.67 million. For the nine months, net loss widened to $12.35 million and operating cash outflow increased year over year to $10.27 million.
2. Mesabi royalty
The company purchased an additional 1% Mesabi royalty on August 24, bringing the base royalty rate to 2%.
