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Sprott Physical Platinum & Palladium Trust (SPPP)

At December 31, 2025 it held $12M in cash. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 16, 2026.

What Sprott Physical Platinum & Palladium Trust does

Sprott Physical Platinum & Palladium Trust is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker SPPP.

Revenue and profit by year

Net income
FY18: $6.5M $6.5M FY18FY19: $37.8M $37.8M FY19FY20: $23.4M $23.4M FY20FY21: -$31.6M -$31.6M FY21FY22: -$5.4M -$5.4M FY22FY23: -$36M -$36M FY23FY24: -$23.3M -$23.3M FY24FY25: $290.3M $290.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/an/a$290.3Mn/an/a
2024n/an/a-$23.3Mn/an/a
2023n/an/a-$36Mn/an/a
2022n/an/a-$5.4Mn/an/a
2021n/an/a-$31.6Mn/an/a
2020n/an/a$23.4Mn/an/a

Full financial statements: income, balance sheet and cash flow

Latest SEC filings

What Sprott Physical Platinum & Palladium Trust has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 13, 2026
  2. May 12, 2026
  3. March 16, 2026
    Annual report (Canadian issuer) 40-F · period to December 31, 2025Net income of $290.3M versus a net loss of $23.3M.
  4. November 7, 2025
  5. October 23, 2025
  6. October 10, 2025
  7. October 10, 2025
  8. October 10, 2025
  9. October 10, 2025
  10. September 9, 2025

All filings on SEC EDGAR

Questions about SPPP

What does Sprott Physical Platinum & Palladium Trust do?

Sprott Physical Platinum & Palladium Trust is registered with the SEC under industry code SIC 6221 (Commodity Contracts Brokers & Dealers). Its shares trade on NYSE under the ticker SPPP.

Is Sprott Physical Platinum & Palladium Trust profitable?

Yes. In fiscal 2025 it reported net income of $290.3M.

When did Sprott Physical Platinum & Palladium Trust last report?

Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 16, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 13, 2026.

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Where the numbers come from

Financial figures are the values Sprott Physical Platinum & Palladium Trust tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.