SRL · NYSE · Financial - Capital Markets

Scully Royalty (SRL)

Earns royalty income from Scully Mine alongside Europe-focused merchant banking.

$5.88
At close+0.13 (+2.26%)
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Scully Royalty Ltd.SRLFinancials

Earns net-revenue royalties from the Scully iron ore mine and conducts Europe-focused merchant-banking activities, including industrial real-estate parks.

Royalty operations center on a net-revenue interest in the Scully iron ore mine in Newfoundland and Labrador. The mine resumed operations under new ownership in 2019. Merchant Banking carries Europe-focused activities, including two industrial real-estate parks, while unrelated or immaterial holdings remain in All Other.

The current issuer emerged from a 2017 court-approved holding-company arrangement and adopted the Scully Royalty name in 2019. In 2024, reporting was simplified to the Royalty and Merchant Banking segments as underperforming or non-core assets were rationalized. Royalty revenue depends on mine production and iron-ore-price volatility.

Company facts

CEOSamuel Morrow
ListedMay 8, 1996
ExchangeNYSE
HeadquartersShanghai, China
CountryHong Kong
Employees71
CIK0000016859
ISINKYG7T96K1077

Market cap$88.6M
EPS (ttm)−$1.06
P/E (ttm)−5.52
ROE-6.9%
P/B0.3946
P/S3.31
Dividend yieldDiv yield4.47%
Beta0.65vs XLF 0.40

No analyst consensus on record.

EPSReportedEstimate

Apr '22Jul '22Apr '23Jun '23Apr '24Jun '24Apr '25Dec '25
Reported−$0.06$0.10−$0.69$0.02$0.01−$0.49−$0.50−$0.10
Estimate
Surprise

RevenueReportedEstimate

Apr '22Jul '22Apr '23Jun '23Apr '24Jun '24Apr '25Dec '25
Reported$9.6M$14.0M$10.3M$10.0M$10.7M$6.6M$18.2M$14.0M
Estimate$1.78B$1.78B$1.78B$1.78B
Surprise−99.5%−99.2%−99.4%−99.4%
Estimate
Reported−$0.10
Estimate
Reported$14.0M
View details

Debt to equity13.00%

ProfitabilityRevenueNet incomeNet margin

Q4 FY21Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25
Revenue$18.0M$26.5M$20.2M$18.9M$20.2M$13.2M$13.0M$13.9M
Net income−$1.6M$2.9M−$20.0M$633.7K$355.9K−$14.5M−$501.6K−$1.4M
Net margin0.0%10.8%0.0%3.4%1.8%0.0%0.0%0.0%

GrowthOperating income

Q4 FY21Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25
Operating income$1.6M$6.7M−$1.3M$3.9M$5.1M$1.9M$589.4K
YoY growth−73.4%−41.7%−179.1%−41.7%−51.8%−68.7%

Balance sheet, Jun 30, 2025Cash & short-term investments $18.4M · Total debt $28.5M · Total assets $315.3M · Shareholders' equity $218.9M

Revenue
$13.9M
Operating income
$589.4K
Net income
−$1.4M

Reported in CAD, converted at the latest exchange rate

View details

Next ex-date
Jan 24, 2027
estimated · in 143 days
Annual dividend
$0.26
per share
Dividend yield
4.47%
Schedule
Annual
one payment a year

Last raised to $0.26 from $0.17 in Jan 2025. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
Jan 24, 2025Jan 24Feb 21$0.26raised from $0.17
May 8, 2023May 9May 19$0.17raised from $0.16
Nov 21, 2022Nov 22Dec 6$0.16cut from $0.26
Aug 11, 2022Aug 12Aug 26$0.26cut from $0.27
May 9, 2022May 10May 23$0.27raised from $0.18
Feb 17, 2022Feb 21Mar 4$0.18
View details

Institutions13 holders · as of Jun 30, 202639.35%5.99M ADS
Insiders1 holder · as of Jul 31, 202635.46%5.40M ADS
Strategic holders1 holder · as of Feb 11, 20190.04%6.8K ADS
Otherremainder25.15%3.83M ADS

15.23M ADS as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Peter R. KelloggInsider
35.46%5.40M13Dfiled Jul 31, 2026
Iat Reinsurance Co Ltd.Institution
22.44%3.42M ADS13Fas of Jun 30, 2026
Milfam LLCInstitution
13.04%1.99M ADS13Fas of Jun 30, 2026
Nantahala Capital Management, LLCInstitution
2.42%368,182 ADS13Fas of Jun 30, 2026
Citadel Advisors LLCInstitution
0.47%71,786 ADS13Fas of Jun 30, 2026
See all 17

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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