Mesa Royalty Trust July 2025 distribution $0.02748/unit; warns of reduced future payouts

MESA ROYALTY TRUST/TX

Distribution of $0.02748 per unit, record July 31, 2025, payable Oct 31, 2025.
Trust received $80,962 from New Mexico San Juan Basin properties only; no other income.
After admin expenses, distributable net profits were $51,212.
Distributions expected to be materially reduced until cash reserves reach $2.0M.
Substantial accumulated excess production costs may lead to no distributions in some periods.

item 2.02item 9.01

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