S.D. Standard ETC (SDSD) Q3 2026 earnings summary

Executive summary

• Q3 operating profit was $2.1m versus $4.4m YoY; 9M operating profit rose to $3.9m from $2.9m.

• 9M profit after tax was $3.4m versus $2.7m YoY; period-end cash was $75.5m, with no debt.

Financial highlights

• Q3 2026 profit before tax was $2.063m versus $4.435m; total comprehensive profit was $2.063m versus $4.417m YoY.

• 9M 2026 profit before tax was $3.675m versus $2.900m; profit after tax was $3.443m versus $2.674m YoY.

• 9M operating profit included $4.4m fair-value gains on trading investments; Q3 gains were $2.8m, versus $5.1m in Q3 2025.

• Q3 expenses included $857k administration costs and a $576k net FX loss, versus $497k and a $56k loss, respectively, in Q3 2025.

• Basic EPS was $0.00 in Q3 2026 and $0.01 for 9M 2026, versus $0.01 in both comparative periods.

Outlook and guidance

• Strategy targets sustainable medium- to long-term capital growth, focusing on energy, transport and commodities while retaining flexibility to pursue attractive opportunities.

• The board considered the balance sheet sound and the business well positioned to pursue opportunities, targeting solid returns over time at attractive risk levels.