**A-Mark Precious Metals Reports Fiscal Year 2025 Results, Revenue Increases Amid Strategic Acquisitions**
A-Mark Precious Metals, Inc., a fully integrated precious metals company, reported its financial results for the fiscal year ended June 30, 2025. The company's revenue increased to $10.98 billion, a 13.2% rise from the $9.70 billion reported in the previous fiscal year. This increase was primarily attributed to higher average selling prices of gold and silver, along with the impact of recent acquisitions, including LPM Group Limited, Spectrum Group International (SGI), Pinehurst Coin Exchange, and AMS Holding, LLC. Net income attributable to A-Mark Precious Metals, Inc. decreased to $17.3 million, compared to $68.5 million in fiscal year 2024, resulting in basic and diluted net income per share of $0.73 and $0.71, respectively.
The company experienced shifts in its operational metrics. Gold ounces sold decreased by 10.7% to 1.64 million ounces, while silver ounces sold decreased by 31.9% to 73.6 million ounces. The company's inventory turnover ratio remained relatively stable at 9.1, compared to 9.2 in the prior year. The number of secured loans at the period's end decreased by 24.3% to 445. A-Mark's Direct-to-Consumer segment saw an increase in its customer base, with total customers reaching approximately 4.2 million, including 1.1 million new customers.
Strategic developments during the fiscal year included several acquisitions aimed at expanding the company's market presence and product offerings. A-Mark acquired the remaining equity interests in Pinehurst Coin Exchange and AMS Holding, LLC, further solidifying its position in the collectible coin market. The company also acquired SGI, the parent company of Stack's Bowers Galleries, expanding its operations into the rare coin and currency auction market. These acquisitions contributed to an increase in selling, general, and administrative expenses, which rose by 55.0% to $139.2 million.
Looking ahead, A-Mark plans to continue its strategic growth initiatives, focusing on expanding its consumer-facing brands, cross-selling products and services to retail customers, leveraging minting capabilities to sell proprietary products, and expanding its global footprint. The company also intends to leverage technology to deliver new products and increased services to customers, including developing new digital products and improving customer interfaces. A-Mark's board of directors has maintained a regular quarterly cash dividend policy of $0.20 per common share, although future dividend declarations will be subject to the board's discretion based on financial performance, cash resources, and other factors.
About A-Mark Precious Metals, Inc.
A-Mark Precious Metals, Inc. is a fully integrated precious metals company specializing in gold, silver, platinum, and palladium products. It serves a diverse global customer base through wholesale sales, direct-to-consumer channels, and secured lending. With a focus on expanding its market presence and product offerings, A-Mark leverages technology and strategic acquisitions to enhance customer engagement. The company aims to capitalize on growing demand for precious metals amid economic uncertainties.
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