CKX Lands Inc. 2025年度报告

Form10-K CKX Lands, Inc. (Exact name of registrant as specified in its Charter) Common Stock with no par value Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yesտ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yesտ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerտAccelerated filerտNon-accelerated filerր If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.տ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.տ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).տ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YESտ The aggregate market value of the voting common equity held by non-affiliates of the registrant as of June 30, 2025 based on the closingprice on that date of $10.70 was $14,441,191. The number of shares of the registrant’s Common Stock outstanding as of March 30, 2026, was 2,053,129. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive Proxy Statement prepared in connection with the 2026 Annual Meeting of Stockholders areincorporated by reference into Part III, Items 10, 11, 12, 13 and 14 of this Annual Report on Form 10-K. FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 TABLE OF CONTENTS Cautionary Note Regarding Forward-Looking Statements PART I Item 1.Business .........................................................................................................................................................Item 1A.Risk Factors....................................................................................................................................................Item 1B.Unresolved Staff Comments ..........................................................................................................................Item 1C.Cybersecurity .................................................................................................................................................Item 2.Properties .......................................................................................................................................................Item 3.Legal Proceedings .......................................................................................................................................... PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.....................................................................................................................................................10Item 6.[Reserved] ......................................................................................................................................................10Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.........................10Item 7A.Quantitative and Qualitative Disclosures About Market Risk .......................................................................15Item 8.Financial Statements and Supplementary Data ........