Quarterly ResultMay 6, 2026, 07:03 AM
Sprott Q1 AUM $65.1B, up 9%; Net Income $29.2M, up 144%
AI Summary
Sprott Inc. announced strong financial results for Q1 2026, with Assets Under Management (AUM) reaching $65.1 billion, a 9% increase from Q4 2025. The company reported a significant rise in net income to $29.2 million and adjusted EBITDA to $57.9 million, driven by market value appreciation, positive net inflows, and carried interest crystallization. Sprott also expanded its ETF offerings with the launch of the Sprott Rare Earths Ex-China ETF (REXC) post-quarter end.
Key Highlights
- AUM was $65.1 billion as of March 31, 2026, up 9% from $59.6 billion in Q4 2025.
- Net income for Q1 2026 was $29.2 million ($1.13 per share), up 144% from $12 million ($0.46 per share) in Q1 2025.
- Adjusted EBITDA was $57.9 million ($2.25 per share), up 164% from $21.9 million ($0.85 per share) in Q1 2025.
- Management fees increased to $81.5 million, up $41.5 million from $40 million in Q1 2025.
- Carried interest and performance fees were $52 million, up from $nil in Q1 2025.
- Net fees rose to $93.8 million, up $57.8 million from $35.9 million in Q1 2025.
- Sprott launched the Rare Earths Ex-China ETF (REXC) on April 15, 2026.
- Board declared a quarterly dividend of $0.40 per share on May 5, 2026.
Price Impact
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