PHYS on NYSE
Sprott Physical Gold Trust
Commodity contracts brokers and dealers company, listed on NYSE (PHYS). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
$5.9BNet income, fiscal 20252
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
37.2%Return on equity2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net realized gains (losses) on redemptions and sales of gold bullion (note 6) | $147.6M | $57.1M |
| Net change in unrealized gains (losses) on gold bullion (note 6) | $5.8B | $1.7B |
| Other income | $1.6M | $1.0M |
| GrossProfit | $6.0B | $1.8B |
| Management fees (note 8) | $43.2M | $26.8M |
| Sales tax | $2.7M | $1.7M |
| Bullion storage fees | $1.5M | $1.6M |
| Listing and regulatory filing fees | $1.4M | $507.0K |
| Unitholder reporting costs | $482.0K | $243.0K |
| Legal fees | $269.0K | $112.0K |
| Administrative fees | $259.0K | $239.0K |
| Audit fees | $132.0K | $113.0K |
| Independent Review Committee fees | $8.0K | $8.0K |
| Custodial fees | $5.0K | $3.0K |
| Trustee fees | $4.0K | $4.0K |
| Net foreign exchange losses (gains) | -$4.0K | $3.0K |
| ExpenseByNature | $49.9M | $31.3M |
| Net income (loss) and comprehensive income (loss) | $5.9B | $1.7B |
| Weighted average number of Units | 457.3M shares | 405.2M shares |
| Increase (decrease) in total equity from operations per Unit | $13 | $4 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $26.9M | $8.9M | |
| Prepaid assets | $154.0K | ||
| Gold bullion (note 6) | $16.0B | $8.6B | |
| Total assets | $16.0B | $8.6B | |
| Accounts payable | $3.3M | $3.0M | |
| Total liabilities | $3.3M | $3.0M | |
| Unitholders capital | $7.4B | $5.8B | |
| Unit premiums and reserves | $146.0K | $145.0K | |
| Retained earnings (deficit) | $8.7B | $2.9B | |
| Underwriting commissions and issue expenses | -$120.2M | -$115.1M | |
| Total equity (note 7) | $16.0B | $8.6B | $6.5B |
| Total liabilities and equity | $16.0B | $8.6B | |
| Total equity per Unit | $34 | $21 |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $26.9M | $8.9M | |
| Prepaid assets | $154.0K | ||
| Gold bullion (note 6) | $16.0B | $8.6B | |
| Total assets | $16.0B | $8.6B | |
| Accounts payable | $3.3M | $3.0M | |
| Total liabilities | $3.3M | $3.0M | |
| Unitholders capital | $7.4B | $5.8B | |
| Unit premiums and reserves | $146.0K | $145.0K | |
| Retained earnings (deficit) | $8.7B | $2.9B | |
| Underwriting commissions and issue expenses | -$120.2M | -$115.1M | |
| Total equity (note 7) | $16.0B | $8.6B | $6.5B |
| Total liabilities and equity | $16.0B | $8.6B | |
| Total equity per Unit | $34 | $21 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) for the year | $5.9B | $1.7B |
| Net realized (gains) losses on redemptions and sales of gold bullion | -$147.6M | -$57.1M |
| Net change in unrealized (gains) losses on gold bullion | -$5.8B | -$1.7B |
| (Increase) decrease in prepaid assets | -$154.0K | |
| Increase (decrease) in accounts payable | $272.0K | $2.9M |
| Net cash provided by (used in) operating activities | -$48.2M | -$27.3M |
| Purchases of gold bullion | -$1.6B | -$549.1M |
| Net cash provided by (used in) investing activities | -$1.6B | -$549.1M |
| Proceeds from issuance of Units (note 7) | $1.7B | $564.2M |
| Payments on redemption of Units (note 7) | -$4.6M | -$3.5M |
| Underwriting commissions and issue expenses | -$5.1M | -$854.0K |
| Net cash provided by (used in) financing activities | $1.7B | $559.8M |
| Net increase (decrease) in cash during the year | $18.0M | -$16.6M |
No quarter-by-quarter statement was filed.
Filings
40 filings to the SEC since October 2021: 5 annual reports, 35 other. The latest 20:
- Aug 13, 20266-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT EDGAR
- May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 13, 202640-F ANNUAL REPORTS EDGAR
- Nov 7, 20256-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT EDGAR
- Oct 30, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
- Oct 28, 2025F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
- Oct 28, 2025F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
- Oct 28, 2025F-10 REGISTRATION STATEMENT EDGAR
- Aug 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 13, 20256-K CURRENT REPORT EDGAR
- May 15, 20256-K EDGAR
- Apr 11, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
- Mar 20, 202540-F ANNUAL REPORT FILED BY CERTAIN CANADIAN ISSUERS EDGAR
- Dec 9, 20246-K CURRENT REPORT EDGAR
- Dec 9, 2024SUPPL VOLUNTARY SUPPLEMENTAL EDGAR
- Nov 15, 20246-K CURRENT REPORT EDGAR
- Sep 9, 20246-K CURRENT REPORT EDGAR
- Sep 9, 2024SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
- Sep 6, 2024F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
- Sep 6, 2024F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
The 40 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Royal Bank Of Canada | 9,287,092 | $280.2M | 0.0% | +222,049 |
| CENTRAL TRUST Co | 5,891,785 | $177.8M | 3.2% | +349,130 |
| Federation des caisses Desjardins du Quebec | 5,889,428 | $177.2M | 0.5% | +68,101 |
| Morgan Stanley | 5,242,209 | $158.2M | 0.0% | −295,553 |
| Heritage Wealth Advisors | 4,706,640 | $142.0M | 4.9% | −87,815 |
| Pekin Hardy Strauss, Inc. | 4,460,932 | $134.6M | 11.9% | New |
| Evanson Financial, LLC | 3,598,792 | $108.6M | 5.3% | New |
| Jupiter Asset Management Ltd | 3,426,260 | $103.8M | 0.5% | +155,987 |
| IMC-Chicago, LLC | 3,250,316 | $98.1M | 0.9% | +801,098 |
| Captrust Financial Advisors | 2,536,730 | $76.5M | 0.1% | +4,790 |
| LPL Financial LLC | 2,315,840 | $69.9M | 0.0% | −45,758 |
| Bleakley Financial Group, LLC | 2,234,144 | $67.4M | 0.9% | +14,328 |
| Matauro, LLC | 2,119,854 | $64.0M | 8.5% | +54,436 |
| Sprott Inc. | 2,054,043 | $62.0M | 2.1% | −55,445 |
| Kestra Advisory Services, LLC | 1,980,953 | $59.8M | 0.2% | +633,760 |
| Raymond James Financial Inc | 1,976,995 | $59.6M | 0.0% | −30,135 |
| Envestnet Asset Management Inc | 1,711,864 | $51.6M | 0.0% | −91,524 |
| Wells Fargo & Company/mn | 1,680,632 | $50.7M | 0.0% | −91,773 |
| Cetera Investment Advisers | 1,658,246 | $50.0M | 0.0% | −68,543 |
| SouthState Bank Corp | 1,651,138 | $49.8M | 2.1% | −84,299 |
| Weiss Asset Management LP | 1,611,647 | $48.6M | 0.7% | +1,127,546 |
| Goldman Sachs Group Inc | 1,525,066 | $46.0M | 0.0% | +169,317 |
| Beacon Pointe Advisors, LLC | 1,510,702 | $45.6M | 0.2% | −45,612 |
| Forest Hill Capital, LLC | 1,448,500 | $43.7M | 33.6% | No change |
| WIT Partners Advisory Pte. Ltd. | 1,401,170 | $42.3M | 19.8% | +459,950 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
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