How does MSB's Q3 2025 performance compare to previous years?

Mesabi Trust (MSB) has shown a general upward trend in net income and operating revenue over the past three years, with a significant increase in Q3 2025 compared to the previous year. 1. **Net Income Comparison**: - In Q3 2025, MSB reported a net income of $93.27 million. - In Q3 2024, the net income was $18.98 million. - This indicates a substantial improvement in net income from Q3 2024 to Q3 2025, with a growth rate of approximately 392%. 2. **Operating Revenue Comparison**: - The operating revenue for Q3 2025 was $98.6 million. - For Q3 2024, the operating revenue was $22.86 million. - This shows a significant increase in operating revenue from Q3 2024 to Q3 2025, with a growth rate of approximately 331%. 3. **Overall Trend Analysis**: - From 2023 to 2025, there is a clear upward trajectory in both net income and operating revenue, indicating improved financial performance over the period. - The growth rates for both net income and operating revenue in Q3 2025 compared to Q3 2024 are exceptionally high, suggesting a strong recovery or expansion phase for MSB in that year. |code|Ticker|Name|Date|Net Income (FY) YoY|Net Income (FY)|market_code| |---|---|---|---|---|---|---| |MSB|MSB.N|Mesabi Trust|2023|-92.2794626888722|5309085|169| |MSB|MSB.N|Mesabi Trust|2024|257.5632335892155|1.8983336E7|169| |MSB|MSB.N|Mesabi Trust|2025|391.3480064831598|9.3274243E7|169| |code|Ticker|Name|Date|Operating Revenue (FY) YoY|Operating Revenue (FY)|market_code| |---|---|---|---|---|---|---| |MSB|MSB.N|Mesabi Trust|20231231|-89.16597152048725|7741974|169| |MSB|MSB.N|Mesabi Trust|20241231|195.29973880046614|2.2862029E7|169| |MSB|MSB.N|Mesabi Trust|20251231|331.26378240531494|9.8595651E7|169|