Sprott Inc. announced its financial results for the second quarter ended June 30, 2025, reporting Assets Under Management (AUM) of $40 billion. This represents a 14% increase from $35.1 billion at March 31, 2025, and a 27% rise from $31.5 billion at December 31, 2024, reaching an all-time high.
The AUM growth was driven by market value appreciation across Sprott's product suite, fueled by rising precious metals and uranium prices, and strong performance in its managed equities segment. The company reported $1.2 billion in net sales during the quarter, primarily concentrated in its physical trusts, contributing to $1.6 billion in net sales for the first half of 2025.
Adjusted EBITDA for Q2 2025 increased by 14% to $25.5 million, with the adjusted EBITDA margin improving to 61% from 58% in the comparable prior-year quarter. While reported net income saw a modest 1% increase to $13.5 million, this was largely offset by accounting changes for a new cash-settled stock plan, which introduced mark-to-market and graded vest accounting under IFRS 2.
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