GraniteShares Gold Trust Reports 20.64% Asset Growth and 22.27% NAV Increase for Fiscal Year Ending June 30, 2026

GraniteShares Gold Trust reported a significant increase in its financial performance for the fiscal year ending June 30, 2026, with total assets rising to $1.33 billion from $1.11 billion the previous year, marking a 20.64% increase. The Trust's net asset value (NAV) per share also saw a notable rise, increasing from $32.42 to $39.64, reflecting a 22.27% growth. This positive trend was primarily driven by a 22.47% increase in the price of gold, which rose from $3,287.45 per ounce to $4,026.05 during the same period. However, the number of outstanding shares decreased slightly from 34.1 million to 33.65 million, as the Trust redeemed 2.4 million shares while creating 1.95 million shares.

In comparison to the previous fiscal year, the Trust's total gain on gold decreased to $249.44 million from $317.29 million, while the change in net assets from operations also fell to $246.91 million from $315.65 million. The Sponsor's fee for the fiscal year was reported at $2.53 million, which is 0.1749% of the Trust's assets on an annualized basis. The decrease in total gain and change in net assets was attributed to the reduced number of shares outstanding and the impact of the Sponsor's fee on the overall performance.

Operationally, the Trust continues to function as a passive investment vehicle, with no directors, officers, or employees. The Trust's assets consist solely of gold bullion, and it does not engage in activities aimed at generating profit from fluctuations in gold prices. The Trust's shares are traded on the NYSE Arca under the symbol "BAR," and the Trust issues and redeems shares only in baskets of 50,000 shares through Authorized Participants. As of June 30, 2026, the Trust had 33.05 million shares outstanding.

Looking ahead, the Trust's management remains focused on maintaining its operational structure and ensuring that the value of the shares reflects the price of gold less the Trust's liabilities. The Trust does not anticipate any significant changes in its liquidity needs, as its only source of liquidity is through the sale of gold to cover expenses not assumed by the Sponsor. The Trust's performance is expected to remain closely tied to fluctuations in gold prices, which can be influenced by various market conditions and geopolitical events. The Trust's management continues to monitor these factors to mitigate risks and enhance shareholder value.