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Sprott (SII) investor relations material
Sprott Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Assets under management (AUM) increased by $9.1 billion in Q3 to $49.1 billion, surpassing $50 billion in October, driven by surging gold and silver prices, strong sales, and broad-based growth across funds and segments.
Net sales for Q3 were $1.1 billion, with September marking a record month and 20 funds contributing to positive flows.
Managed equities delivered outstanding performance, with flagship gold fund up 44% in Q3 and 105% year-to-date; new ETFs launched reached key AUM thresholds rapidly.
Board declared a Q3 dividend of $0.40 per share, a 33% increase, reflecting confidence in future prospects.
Executive team strengthened with new appointments, including a new President and Co-COOs.
Financial highlights
AUM finished Q3 at $49.1 billion, up 23% from June 30 and 56% from December 31, 2024; reached $51 billion by October 31.
Q3 net income was $13.2 million ($0.51/share), up 4% year-over-year; year-to-date net income was $38.6 million ($1.50/share), up 3%.
Adjusted EBITDA for Q3 was $31.9 million ($1.24/share), up 54% year-over-year; year-to-date Adjusted EBITDA was $79.3 million ($3.07/share), up 26%.
Total revenues for Q3 2025 were $65.1 million, up from $46.5 million in Q3 2024.
Net compensation ratio improved to 39% in Q3 2025 from 46% in Q3 2024.
Outlook and guidance
Expect continued institutional inflows as metals and critical materials benefit from macro trends like geopolitical shifts, AI infrastructure build-out, and government intervention.
Ongoing expansion of exchange-listed product offerings and further growth in ETF and managed equity segments anticipated.
Dividend policy remains subject to board discretion and company performance.
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