S.D. Standard ETC (SDSD) Q1 2026 earnings summary

Executive summary

• Achieved operating profit of USD 5.2 million in Q1 2026, reversing a loss of USD 6.8 million in Q1 2025.

• Profit driven by fair value gains on investments held for trading and stable dividend and interest income.

• Maintains focus on energy, transport, and commodities, seeking sustainable medium to long-term capital growth.

Financial highlights

• Fair value profit from investments held for trading was USD 5 million (Q1 2025: USD 10.7 million).

• Dividend income totaled USD 107 thousand (Q1 2025: USD 125 thousand); interest income was USD 621 thousand (Q1 2025: USD 1.3 million).

• Net foreign currency loss of USD 132 thousand (Q1 2025: USD 52 thousand loss).

• Administration expenses reduced to USD 409 thousand (Q1 2025: USD 728 thousand).

• Basic earnings per share for Q1 2026 was USD 0.01 (Q1 2025: loss of USD 0.01).

Outlook and guidance

• Aims for significant medium to long-term capital growth, focusing on energy, transport, and commodities.

• Well positioned to capitalize on market opportunities with a strong financial position and no debt.