Scully Royalty

Earns a royalty from the Scully iron ore mine in Labrador, Canada.

Company Health

Property and holding companies carry the debts of the businesses they own, which makes these measures misleading, so we don’t give them a score.

Its yearly figures are still below.

Who owns it

1 of 23 own it · Nobody changed their stake

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From Scully Royalty’s yearly reports, in Canadian dollars. Tap a year to see its figures.

Sales and profit

Sales fell from C$113 million in 2019 to C$35.3 million in 2024, and it made a profit in 3 of the 6 years.

2024

Sales

C$35.3 million

Loss

C$20.6 million

Spare cash each year

It had cash to spare in 2 of the 6 years, but in 2024 it spent C$31.6 million more than it brought in.

2024

Cash shortfall

C$31.6 million

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2024 it owned C$438 million, including C$51.8 million in cash, and owed C$128 million.

Key facts

From its yearly report for 2024.

Sales

C$35.3 million

Loss

C$20.6 million

Cash shortfall

C$31.6 million

Cash in the bank

C$51.8 million

Everything it owes

C$128 million

Year ends

December

Money shown in

Canadian dollars

Latest yearly report

20-F, filed Apr 30, 2025

Figures from Scully Royalty’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works