Mesabi Trust reported earnings results for the first quarter ended April 30, 2023. For the first quarter, the company reported revenue was USD 1.85 million compared to USD 14.2 million a year ago. Net income was USD 1.02 million compared to USD 13.6 million a year ago.

Basic earnings per share from continuing operations was USD 0.078 compared to USD 1.0362 a year ago.