Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data abrdn Gold ETF Trust files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating expenses
3.92
4
3.57
1.68
3.64
4.12
4.23
4.54
5.6
9.26
Net income
50
107
-22.2
154
364
-131
-17.4
346
711
2,654
EPS, basic
0.60
1.27
-0.29
2.09
2.93
-0.93
-0.12
2.41
4.94
16.11
EPS, diluted
0.60
1.27
-0.29
2.09
2.93
-0.93
-0.12
2.41
4.94
16.11
Shares, basic (weighted)
82.8
83.9
77.2
73.4
124
140
144
144
144
165
Shares, diluted (weighted)
82.8
83.9
77.2
73.4
124
140
144
144
144
165
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Total assets
935
1,048
847
1,196
2,653
2,392
2,443
2,827
3,757
7,334
Accounts payable
0.35
0.41
0.55
1.06
Total liabilities
0.32
0.35
0.12
0.17
0.38
0.35
0.35
0.41
0.55
1.06
Shareholders' equity
935
1,048
847
1,196
2,653
2,391
2,443
2,826
3,756
7,333
Total equity
935
1,048
847
1,196
2,653
2,391
2,443
2,826
3,756
7,333
Total liabilities and equity
935
1,048
847
1,196
2,653
2,392
2,443
2,827
3,757
7,334
Shares outstanding
83.3
8.35
68.5
82
146
138
141
142
151
179
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
50
107
-22.2
154
364
-131
-17.4
346
711
2,654
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $40.83 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
17.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
17.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
273.4%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y
48.8%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y
226.1%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y
40.6%
Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
95.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
44.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
22.6%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
95.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
44.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
22.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
14.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
4.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
5.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Book value per share
$38.34
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share
$38.34
Tangible book value / shares outstanding.
Valuation
Metric
Value
How it is calculated
Market cap
$7.17B
Share price x shares outstanding.
Enterprise value
$7.17B
Market cap + total debt - cash - short-term investments.
P/E
6.13x
Market cap / net income. Only when net income is positive.
P/B
1.06x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.06x
Market cap / tangible book value, when positive.
Earnings yield
16.3%
Net income / market cap (the inverse of P/E).
Was abrdn Gold ETF Trust profitable in fiscal 2025?
Yes. Net income was $2.65B, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.