Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SPROTT PHYSICAL PLATINUM & PALLADIUM 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
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Gross profit
11.5
35.4
7.57
39.4
24.8
-30.1
-4.01
-34.8
-21.9
294
General and administrative
0.06
0.04
0.05
0.08
0.04
0.03
0.03
0.02
0.02
0.03
Net income
10.3
34.3
6.52
37.8
23.4
-31.6
-5.35
-36
-23.3
290
Balance sheet
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.25
0.01
0.1
0.27
1.16
0.89
0.38
0.59
0.31
12
Total assets
104
125
102
118
127
132
138
117
168
781
Accounts payable
0.26
0.22
0.22
0.35
0.24
0.27
0.06
0.21
0.32
0.31
Total liabilities
0.26
0.22
0.22
0.35
0.24
0.64
0.06
0.21
0.32
8.81
Retained earnings
-28.6
8.74
18.2
53.5
67.3
35.7
26.6
-9.49
-32.8
257
Total equity
104
125
102
118
127
132
138
116
167
772
Total liabilities and equity
104
125
102
118
127
132
138
117
168
781
Cash flow statement
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
10.3
34.3
6.52
37.8
23.4
-31.6
-5.35
-36
-23.3
290
Cash from operations
-1.22
-1.14
-1.03
-1.45
-1.48
-1.12
-1.85
-1.09
-1.21
5.52
Cash from investing
0.95
1.22
-0.7
-8.63
-35.8
-23
-12.7
-73.5
-309
Stock issued
0.82
2.42
11.5
37
25
14.2
75.1
318
Share buybacks
-0
-0.06
-0.09
-0.09
-0.25
-0.01
-0.22
-0
-0.09
-0.02
Cash from financing
0.8
-0.06
-0.1
2.33
11
36.7
24.4
14.1
74.4
315
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $14.03 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
61.2%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Gross profit CAGR, 5y
63.9%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 5y
65.5%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
365.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
78.1%
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
43.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
1.1%
Total liabilities / total assets.
Valuation
Metric
Value
How it is calculated
Market cap
$611.2M
Share price x shares outstanding.
Enterprise value
$599.2M
Market cap + total debt - cash - short-term investments.
P/E
2.11x
Market cap / net income. Only when net income is positive.
P/OCF
111x
Market cap / cash from operations, when positive.
Earnings yield
47.5%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
Was SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST profitable in fiscal 2025?
Yes. Net income was $290.3M, 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.