Altius Minerals Corporation (OTCPK:ATUSF) Q2 2025 Earnings Conference Call August 12, 2025 9:00 AM ET
Company Participants
Benjamin Gerard Lewis – Senior VP & CFO
Brian Francis Dalton – Co-Founder, President, CEO & Director
Flora Wood – VP of Investor Relations & Sustainability
Conference Call Participants
Craig Hutchison – TD Cowen, Research Division
Operator
Good morning, ladies and gentlemen, and welcome to the Altius Minerals Q2 2025 Conference Call and Webcast. [Operator Instructions] Also note that this call is being recorded on Tuesday, August 12, 2025. I would now like to turn the conference over to Flora Wood. Please go ahead.
Flora Wood
Thank you, Sylvie. Good morning, everyone, and welcome to our Q2 conference call. Our press release and quarterly filings came out yesterday after the close and are available on our website. This event is being webcast live, and you’ll be able to access a replay of the call along with the presentation slides that have been added to our website at altiusminerals.com. Brian Dalton, CEO; and Ben Lewis, CFO, are both speakers on the call.
The forward-looking statement on Slide 2 applies to everything we say both in our formal remarks and during the Q&A session. And with that, Ben is up first to take us through the numbers.
Benjamin Gerard Lewis
Thank you, Flora, and good morning, everyone. Royalty revenue for Q2 2025 was $12.7 million. compared to $20.4 million in Q2 2024. Adjusted EBITDA for the 3 months ended June 30, 2025, was $7.5 million compared to $14.5 million for the prior year quarter. In the current quarter, the decrease in both revenue and adjusted EBITDA reflect lower attributable potash volumes and lower dividends from iron ore, partially offset by higher base metal prices.
Potash attributable royalty volumes have now — have been low relative to Nutrien
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