Canada's Sprott Q1 revenue rises, driven by higher AUM and performance fees

Sprott

06/05/2026 12:23

Overview

Canada asset manager's Q1 revenue rose year-over-year, driven by higher AUM and performance fees

Q1 adjusted EBITDA and net income increased sharply from a year earlier

Company declared a quarterly dividend of $0.40 per share

Outlook

Company says near-term volatility in gold and silver prices remains elevated

Sprott sees continued strong investor adoption of its ETFs

Company expects critical materials strategies to remain a key driver of net sales

Result Drivers

AUM GROWTH - Higher AUM driven by market value appreciation and net inflows to exchange listed products, including physical trusts and ETFs

PERFORMANCE FEES - Carried interest crystallization in private strategies and performance fee crystallization in managed equities boosted revenue

ETF AND CRITICAL MATERIALS DEMAND - Strong performance in critical materials strategies and increased investor adoption of ETFs supported results

Company press release: ID:nGNX9V7TRD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Total Net Revenue
$80.75 mln
Q1 EPS
$1.13
Q1 Net Income
$29.22 mln
Q1 Adjusted EBITDA
$57.89 mln
Q1 Assets Under Management
$65.07 bln
Q1 Dividend
$0.40


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Sprott Inc is C$200.00, about 15.4% above its May 5 closing price of C$173.38

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 32 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)