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Page: Company Financials

Sprott Physical Platinum and Palladium Trust

Ticker: SPPP | Industry: Asset Management | Sector: Financial Services
$22.58 +0.60 (2.73%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Stock Price 10.84 9.51 11.00 14.31 16.51 15.80 12.41 8.80 8.43 7.01 7.13 9.31 8.77
Market Capitalization 223.54M 134.29M 112.37M 142.15M 134.13M 109.35M 104.71M 96.32M 113.16M 102.47M 145.33M 233.92M 244.27M
(-) Cash & Equivalents 30.44M 1.12M 0.33M 3.09M 2.15M 0.77M 0.57M 0.11M 0.15M 0.37M 0.68M 0.45M 0.13M
(+) Total Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.00M
Enterprise Value 193.10M 133.17M 112.04M 139.06M 131.98M 108.58M 104.14M 96.22M 113.01M 102.09M 144.65M 233.48M 244.14M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Revenue 54M 3M -23M -35M -5M -31M 24M 39M 7M 35M 11M -48M 1M -13M
Cost of Revenue 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Gross Profit 54M 3M -23M -35M -5M -31M 24M 39M 7M 35M 11M -48M 0M -13M
Gross Profit Margin 100.0% 95.6% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 98.2% 100.7% 29.7% 102.3%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1M 1M 1M 1M 1M 1M 1M 1M 0M 0M 1M 1M 1M 1M
Operating Expenses 1M 11M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
Operating Income (EBIT) 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -49M -1M -14M
Operating Income Margin 98.4% -297.7% 103.2% 101.9% 112.5% 102.6% 96.4% 97.3% 92.5% 98.5% 92.7% 102.3% -161.4% 108.6%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Unusual Items 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBT Excluding Unusual Items 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -49M -1M -14M
Pre-Tax Income 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -48M -1M -14M
Pre-Tax Margin 98.4% -297.7% 103.2% 101.9% 112.5% 102.6% 96.4% 97.3% 92.5% 98.5% 94.5% 101.6% -91.1% 106.2%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Income 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -48M -1M -14M
Net Income Margin 98.4% -297.7% 103.2% 101.9% 112.5% 102.6% 96.4% 97.3% 92.5% 98.5% 94.5% 101.6% -91.1% 106.2%
Depreciation & Amortization 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBITDA 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -49M -1M -14M
EBITDA Margin 98.4% -296.2% 103.2% 101.9% 112.5% 102.6% 96.4% 97.3% 92.5% 98.5% 92.9% 102.3% -161.5% 108.6%
NOPAT 53M -7M -18M -28M -4M -25M 23M 38M 7M 34M 10M -39M -1M -11M
NOPAT Margin 98.4% -235.2% 81.5% 80.5% 88.8% 81.0% 96.4% 97.3% 92.5% 98.5% 92.9% 80.8% -127.5% 85.8%
Owner's Earnings 53M -9M -23M -36M -5M -32M 23M 38M 7M 34M 10M -48M -1M -14M
Owner's Earnings Margin 98.4% -296.2% 103.2% 101.9% 112.5% 102.6% 96.4% 97.3% 92.5% 98.5% 94.7% 101.6% -91.1% 106.3%
EPS (Basic) 2.39 -0.80 -1.67 -3.53 -0.54 -3.81 3.35 4.39 0.58 2.50 0.70 -2.49 -0.02 -0.49
EPS (Diluted) 2.89 -0.76 -1.67 -3.53 -0.54 -3.81 3.35 4.39 0.58 2.50 0.70 -2.49 -0.02 -0.49
Shares (Basic) 18M 11M 14M 10M 10M 8M 7M 9M 11M 14M 15M 19M 25M 28M
Shares (Diluted) 18M 11M 14M 10M 10M 8M 7M 9M 11M 14M 15M 19M 25M 28M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Cash & Cash Equivalents 58.85M 2.03M 0.31M 0.59M 0.38M 0.89M 1.16M 0.27M 0.09M 0.01M 0.25M 0.67M 0.00M 0.39M
Short-Term Investments 0.00M 193.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 103.41M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 58.85M 195.52M 0.31M 0.59M 0.38M 0.89M 1.16M 0.27M 0.09M 0.01M 103.66M 0.67M 0.00M 0.39M
Net Receivables 0.00M 2.53M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 0.00M -193.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 58.85M 4.56M 0.31M 0.59M 0.38M 0.89M 1.16M 0.27M 0.09M 0.01M 103.66M 0.67M 0.00M 0.39M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 167.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 103.41M 95.81M 210.20M 246.18M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 353.11M 193.49M 0.00M 115.91M 137.97M 131.53M 125.83M 117.65M 101.50M 125.33M -103.41M 0.00M 0.00M 0.00M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -103.41M 0.00M 0.00M 0.00M
Total Non-Current Assets 353.11M 193.49M 167.37M 115.91M 137.97M 131.53M 125.83M 117.65M 101.50M 125.33M -103.41M 95.81M 210.20M 246.18M
Total Assets 411.96M 198.05M 167.68M 116.50M 138.35M 132.42M 126.99M 117.92M 101.60M 125.34M 0.25M 96.47M 210.20M 246.57M
Accounts Payable 0.06M 0.13M 0.32M 0.21M 0.06M 0.27M 0.24M 0.35M 0.22M 0.22M 0.26M 0.24M 0.17M 0.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.04M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Liabilities 0.06M 0.13M 0.32M 0.21M 0.06M 0.27M 0.24M 0.35M 0.22M 0.22M 0.26M 0.24M 0.21M 0.00M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 58.46M 1.88M 0.00M 0.00M 0.00M 0.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 58.46M 1.88M 0.00M 0.00M 0.00M 0.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 58.52M 2.01M 0.32M 0.21M 0.06M 0.64M 0.24M 0.35M 0.22M 0.22M 0.26M 0.24M 0.21M 0.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 334.81M 230.51M 216.99M 142.02M 127.84M 111.86M 74.86M 79.37M 98.49M 131.67M 147.27M 153.09M 237.93M 278.63M
Retained Earnings 36.66M -17.61M -32.82M -9.49M 26.56M 35.70M 67.34M 53.50M 18.18M 8.74M -28.59M -41.73M -12.80M -16.93M
Accumulated OCI -18.04M -16.87M -16.82M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 353.44M 196.04M 167.35M 132.54M 154.40M 147.55M 142.20M 132.87M 116.67M 140.41M 118.67M 111.36M 225.12M 261.71M
Total Equity 353.44M 196.04M 167.35M 132.54M 154.40M 147.55M 142.20M 132.87M 116.67M 140.41M 118.67M 111.36M 225.12M 261.71M
Total Liabilities & Equity 411.96M 198.04M 167.67M 132.75M 154.46M 148.19M 142.44M 133.22M 116.89M 140.63M 118.93M 111.61M 225.33M 261.71M
Tangible Assets 411.96M 198.05M 167.68M 116.50M 138.35M 132.42M 126.99M 117.92M 101.60M 125.34M 0.25M 96.47M 210.20M 246.57M
Tangible Equity 353.44M 196.04M 167.35M 132.54M 154.40M 147.55M 142.20M 132.87M 116.67M 140.41M 118.67M 111.36M 225.12M 261.71M
Tangible Book Value 353.44M 196.04M 167.35M 132.54M 154.40M 147.55M 142.20M 132.87M 116.67M 140.41M 118.67M 111.36M 225.12M 261.71M
Total Investments 353.11M 193.49M 167.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 206.82M 95.81M 210.20M 246.18M
Net Debt -58.85M -2.03M -0.31M -0.59M -0.38M -0.89M -1.16M -0.27M -0.09M -0.01M -0.25M -0.67M 0.04M -0.39M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Working Capital 58.8M 4.4M 0.0M 0.4M 0.3M 0.7M 1.0M 0.1M 0.0M -0.1M 103.5M 0.4M -0.2M 0.4M
Total Capital 353.4M 196.0M 167.4M 116.3M 138.3M 131.8M 126.8M 117.7M 101.5M 125.3M 103.5M 96.2M 210.0M 246.6M
Capital Employed 411.9M 197.9M 167.4M 116.3M 138.3M 132.2M 126.8M 117.7M 101.5M 125.3M 103.5M 96.2M 210.0M 246.6M
Invested Capital 294.6M 194.0M 167.0M 115.7M 137.9M 131.0M 125.7M 117.4M 101.4M 125.3M 103.3M 95.6M 210.0M 246.2M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Net Income 53.46M -8.55M -23.34M -36.05M -5.35M -31.64M 23.40M 37.77M 6.52M 34.30M 10.34M -48.45M -0.62M -13.57M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 56.32M 2.67M 0.11M 0.15M -0.51M 0.40M -0.03M 0.13M 0.01M -0.06M -0.11M 0.07M 0.17M -0.69M
Accounts Receivable 0.25M 0.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 2.31M 0.11M 0.15M -0.58M 0.40M -0.11M 0.13M 0.00M 0.00M 0.01M 0.07M 0.17M -0.69M
Other Working Capital 56.07M 0.19M 0.00M 0.00M 0.07M 0.00M 0.07M 0.00M 0.00M 0.00M -0.12M 0.00M 0.00M 0.00M
Other Non-Cash Items -55.01M 7.33M 22.02M 34.81M 4.01M 30.13M -24.85M -39.35M -7.57M -35.38M -11.45M 46.93M -1.87M 11.47M
Net Cash from Operating Activities 54.77M 1.45M -1.21M -1.09M -1.85M -1.12M -1.48M -1.45M -1.03M -1.14M -1.22M -1.45M -2.31M -2.79M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -155.49M -40.50M -73.48M -12.84M -23.48M -35.82M -8.63M -1.73M 0.00M 0.00M 0.00M 0.00M 0.00M -14.32M
Sales / Maturities of Investments 0.28M 0.09M 0.00M 0.09M 0.44M 0.00M 0.00M 1.03M 1.22M 0.95M 0.00M 2.18M 1.90M 0.00M
Other Investing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -135.27M
Net Cash from Investing Activities -155.21M -40.41M -73.48M -12.75M -23.03M -35.82M -8.63M -0.70M 1.22M 0.95M 0.00M 2.18M 1.90M -149.59M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 158.19M 41.93M 74.98M 14.19M 24.77M 37.00M 11.23M 2.34M -0.09M -0.06M 0.81M -0.03M -0.02M -0.05M
Common Stock Issuance 158.28M 41.93M 75.06M 14.19M 24.99M 37.01M 11.47M 2.42M 0.00M 0.00M 0.82M 0.00M 0.00M 0.00M
Common Stock Repurchased -0.08M 0.00M -0.09M 0.00M -0.22M -0.01M -0.25M -0.09M -0.09M -0.06M 0.00M -0.03M -0.02M -0.05M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -1.50M -0.77M -0.57M -0.14M -0.40M -0.32M -0.23M -0.01M -0.01M 0.00M -0.01M 0.00M 0.00M -0.52M
Net Cash from Financing Activities 156.69M 41.16M 74.41M 14.05M 24.37M 36.67M 11.00M 2.33M -0.10M -0.06M 0.80M -0.03M -0.02M -0.57M
Effect of FX on Cash 0.00M 0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 56.25M 2.21M -0.28M 0.22M -0.52M -0.27M 0.89M 0.17M 0.08M -0.24M -0.41M 0.71M -0.43M -152.95M
Cash at Beginning of Period 6.05M 1.45M 0.59M 0.38M 0.89M 1.16M 0.27M 0.09M 0.01M 0.25M 0.67M -0.04M 0.39M 153.35M
Cash at End of Period 62.30M 3.66M 0.31M 0.59M 0.38M 0.89M 1.16M 0.27M 0.09M 0.01M 0.25M 0.67M -0.04M 0.39M
Operating Cash Flow 54.77M 1.45M -1.21M -1.09M -1.85M -1.12M -1.48M -1.45M -1.03M -1.14M -1.22M -1.45M -2.31M -2.79M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 54.77M 1.46M -1.21M -1.09M -1.85M -1.12M -1.48M -1.45M -1.03M -1.14M -1.22M -1.45M -2.31M -2.79M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
EBITDA 53.56M 2.23M -23.26M -35.90M -5.31M -31.56M 23.47M 37.82M 6.59M 34.37M 10.23M -48.69M -0.93M -13.74M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Change In Working Capital 56.32M 2.67M 0.11M 0.15M -0.51M 0.40M -0.03M 0.13M 0.01M -0.06M -0.11M 0.07M 0.17M -0.69M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow -2.76M -0.44M -23.36M -36.05M -4.80M -31.95M 23.50M 37.69M 6.58M 34.43M 10.34M -48.76M -1.11M -13.05M
(-) Net Interest Income After Taxes 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow -2.76M -0.44M -23.36M -36.05M -4.80M -31.95M 23.50M 37.69M 6.58M 34.43M 10.34M -48.76M -1.11M -13.05M