GraniteShares Platinum Trust reported its financial results for the quarter and six months ended December 31, 2024, revealing a net asset value (NAV) of $45.9 million, an increase of 6.5% from $43.1 million at the end of the previous fiscal period on June 30, 2024. The Trust's NAV per share decreased from $9.80 to $8.83 during the same period, reflecting a 9.9% decline, primarily attributed to a 9.7% drop in the price of platinum, which fell from $1,012.00 to $914.00. The Trust's net investment loss for the six months was $4.6 million, driven by unrealized losses on platinum investments and expenses related to the Sponsor's fees.
The Trust experienced a significant increase in shares outstanding, rising from 4.4 million to 5.2 million, marking an 18.2% increase. This growth was facilitated by 20 creation orders and four redemption orders during the period. The increase in shares was a key factor in the overall rise in net assets, despite the adverse impact of declining platinum prices. The Sponsor's fees for the six months totaled $107,444, representing 0.25% of the average weighted net assets.
Operationally, the Trust maintained its focus on platinum investments, with total assets valued at $45.9 million as of December 31, 2024. The Trust's investment in platinum was recorded at a cost of $50.5 million, with a fair value of $45.9 million, indicating a slight depreciation in the asset's value. The Trust's sole business activity remains the investment in platinum, and it continues to operate without any off-balance sheet arrangements.
Looking ahead, the Trust's management has not identified any trends or uncertainties that could materially affect its liquidity needs. The Trust's investment strategy remains focused on reflecting the performance of platinum prices, less expenses. The Sponsor has indicated that it does not plan to waive any portion of its fee, which could impact future net asset values. The Trust's performance will continue to be influenced by market conditions, particularly fluctuations in platinum prices and investor demand for shares.
About GraniteShares Platinum Trust
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.