Sprott Physical Gold and Silver Trust (CEF)

CEF Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,359	1,017	308.54	4.73	-310.7
Other Operating Activities	-4,389	-1,040	-329.23	-23.67	289.53
Change in Accounts Payable	0.11	0.62	1.01	0.72	-0.06
Change in Other Net Operating Assets	-0.14	-0.1	-0.41	0.41	-
Operating Cash Flow	-29.87	-22.25	-20.09	-17.82	-21.23
Other Investing Activities	35.33	25.55	25.03	10.76	5.16
Investing Cash Flow	35.33	25.55	25.03	10.76	5.16
Issuance of Common Stock	15.42	-	-	14.57	18.59
Repurchase of Common Stock	-6.47	-5.79	-1.44	-4.75	-3.2
Other Financing Activities	-0.02	-	-	-0.04	-0.05
Financing Cash Flow	8.94	-5.79	-1.44	9.78	15.35
Net Cash Flow	14.4	-2.49	3.5	2.73	-0.72
Levered Free Cash Flow	-1,314	-149.25	-35.48	101.73	134
Unlevered Free Cash Flow	-1,314	-149.25	-35.48	101.73	134
Change in Working Capital	-0.03	0.52	0.61	1.13	-0.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.