Sprott Physical Platinum and Palladium Trust (T:SPPP.U)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | 200 Bay Street, 200 Bay St. #2600 TORONTO ON M5J 2J1 |
| Tel: | 1-416-9434394 |
| Website: | https://sprott.com/investment-strategies/physical-bullion-trusts |
| IR: | See website |
| Key People | ||
| John A. Ciampaglia Chief Executive Officer, Director of Sprott Asset Management GP Inc, and Sprott Asset Management LP | Varinder Bhathal Chief Financial Officer of Sprott Asset Management LP and Sprott Asset Management GP Inc | Maria Smirnova Chief Investment Officer | Lara Misner Chief Compliance Officer of Sprott Asset Management LP |
| Business Overview |
| Sprott Physical Platinum and Palladium Trust (Trust) is a closed-end mutual fund trust. The Trust's investment objective is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical platinum and palladium bullion without the inconvenience that is typical of a direct investment in physical bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical platinum and palladium bullion and does not speculate regarding short-term changes in platinum and palladium prices. Sprott Asset Management LP is the manager of the Trust. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sprott Physical Platinum and Palldm Trst revenues decreased from -$4M to -$34.8M. Net loss increased from $5.4M to $36M. Revenues reflect Change in unrealized gains (losses) on b decrease from -$6.3M to -$34.8M, Net realized gains (losses) on redemptio decrease from $2.3M to -$34K. Higher net loss reflects Sales tax increase from $45K to $153K (expense), Audit fees increase of 61% to $74K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11.63M as of Dec 31, 2023 |
| Annual revenue (TTM): | $-34.78M as of Dec 31, 2023 |
| EBITDA (TTM): | -$36.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$36.05M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.09M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 12,285,504 as of May 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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