Canada · Delayed Price · Currency is CAD Sprott Earnings Call Transcripts
Fiscal Year 2026
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AUM declined 15% sequentially due to precious metals volatility, but average AUM and profitability rose sharply year-over-year, driven by strong inflows and performance in critical materials products. The firm remains debt-free, with robust free cash flow and continued share buybacks.
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Q1 2026 saw strong AUM growth to $65.1B, record ETF inflows, and net income up 143% year-over-year, driven by critical materials strategies and new product launches. The balance sheet is debt-free and highly liquid, with continued optimism for metals and mining amid geopolitical volatility.
Fiscal Year 2025
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AUM surged to $59.6B in 2025 and $70.1B by February 2026, driven by strong ETF and physical trust inflows, robust managed equity performance, and significant net income and EBITDA growth. Outlook for 2026 is positive, with new ETF launches and continued expansion in Europe.
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AUM surged past $50 billion, driven by strong metals prices and record net flows, with managed equities and ETFs delivering standout performance. Dividend was raised 33% amid robust earnings, and the outlook remains positive as institutional demand grows.
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AUM rose to $40 billion, up 14% sequentially, with strong net sales and market appreciation across metals. Adjusted EBITDA grew 14% year-over-year, and new ETF launches surpassed AUM milestones. Market volatility and geopolitical factors continue to drive performance and risk.
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AUM grew 11% in Q1 to $35.1B, driven by gold price surges and strong inflows to physical trusts. Net income rose 3% year-over-year, and new ETF launches saw strong early success. Institutional investors are now the primary source of inflows.
Fiscal Year 2024
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AUM grew 10% year-over-year to $31.5B in 2024, with net income up 18% and strong performance in precious metals and ETFs. Management expects continued volatility in 2025 but remains confident in long-term demand for critical materials and plans to return excess cash to shareholders.
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AUM reached a record $33.4 billion in Q3, with net income up 87% year-over-year and strong net flows driven by gold and silver trusts. The company raised its dividend by 20% and expects to be debt-free by year-end, while preparing to launch new ETFs in 2025.
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AUM hit a record $31.1B in Q2, with strong net sales and a successful Copper Trust IPO. Net income declined year-over-year due to a prior non-recurring gain, but adjusted EBITDA and segment performance improved. Management remains optimistic amid market volatility.