U.S. Global Investors, Inc. reported a net loss of $334,000 for the fiscal year ending June 30, 2025, translating to a loss of $0.03 per share, a significant decline from the net income of $1.3 million, or $0.09 per share, recorded in the previous fiscal year. The company's total operating revenues decreased by 23.1% to $8.5 million, down from $11 million in 2024. This decline was primarily attributed to a 29.5% drop in ETF advisory fees, which fell to $6.6 million from $9.4 million, largely due to reduced assets under management (AUM) in the U.S. Global Jets ETF, which accounted for a significant portion of the company's revenue.
As of June 30, 2025, U.S. Global's total AUM was reported at $1.3 billion, a decrease of 15.3% from $1.6 billion in the prior year. The average AUM for the fiscal year was $1.4 billion, down 23.9% from $1.9 billion in 2024. The company noted that the decrease in AUM was primarily driven by outflows from the Jets ETF, which invests in airline-related stocks. In contrast, AUM for the U.S. Global Investors Funds (USGIF) increased to $350.4 million from $288.4 million, reflecting a 15.8% rise in advisory fees from this segment.
In terms of strategic developments, U.S. Global continues to manage its investment management services and corporate investments segments. The company has renewed its advisory agreements with USGIF through September 2025 and with its U.S.-based ETFs through July 2026. The company also reported a total of 24 employees as of June 30, 2025, maintaining a stable workforce compared to previous years. The company’s focus on gold mining, natural resources, and airline sectors remains a key part of its strategy, with management expressing optimism about the potential for growth in these areas despite ongoing market volatility.
Looking ahead, U.S. Global anticipates continued challenges due to geopolitical tensions and fluctuating market conditions. The company remains committed to navigating these complexities while focusing on sustainable growth and innovation. Management has indicated that they will continue to monitor market dynamics closely and adjust their strategies accordingly to enhance shareholder value. The company also plans to maintain its monthly dividend of $0.0075 per share through September 2025, contingent on its financial performance and operational needs.
About U S GLOBAL INVESTORS INC
U.S. Global Investors, Inc. is a Texas-based investment adviser specializing in managing mutual funds and ETFs across sectors like natural resources, airlines, and technology. It offers investment advisory and administrative services to individual and institutional clients, generating revenue primarily from assets under management. The company also invests for its own account, focusing on long-term growth and value creation through diversified investment strategies.
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