Quarterly ResultAug 5, 2026, 07:05 AM
Sprott Q2 Net Income $34.3M, Adj. EBITDA $50.8M; AUM $55.6B
AI Summary
Sprott Inc. announced its second quarter 2026 results, reporting Assets Under Management (AUM) of $55.6 billion, a 15% decrease from the previous quarter, primarily due to market value depreciation and net outflows from precious metals products. Despite this, average AUM for the quarter increased by 70% year-over-year to $63.9 billion. The company posted strong financial performance with Q2 net income of $34.3 million ($1.33 per share) and Adjusted EBITDA of $50.8 million ($1.97 per share), both significantly up from the prior year. Sprott also launched new critical materials products, including the Sprott Rare Earths Ex-China ETF and the NYSE listing of the Sprott Physical Copper Trust.
Key Highlights
- AUM was $55.6 billion as of June 30, 2026, down 15% QoQ and 7% YTD.
- Average AUM for Q2 was $63.9 billion, up 70% from Q2 2025.
- Net income for Q2 was $34.3 million ($1.33 per share), up from $13.5 million YoY.
- Adjusted EBITDA for Q2 was $50.8 million ($1.97 per share), up from $25.5 million YoY.
- Management fees for Q2 were $76.4 million, a 72% increase from Q2 2025.
- Net redemptions totaled $377 million in Q2, with YTD net inflows of $1.3 billion.
- Launched Sprott Rare Earths Ex-China ETF (REXC) on April 15, 2026.
- Sprott Physical Copper Trust (SCOP) began trading on NYSE on May 4, 2026.
Price Impact
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