<span item_type="fundamental" item_id="64ad5a73e15be4f9f3e985e992855f32" counter_id="ETF/US/EZET" env="prod"></span><span item_type="announcement" item_id="582417869343952385" env="prod"></span><p>Revenue: As of FY2026 Q2, the actual value is USD 0.</p><p>EPS: As of FY2026 Q2, the actual value is USD 10.56.</p><p>EBIT: As of FY2026 Q2, the actual value is USD -36.55 K.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Investment in Ether</strong>: The fund held 22,020.1883 ether with a fair value of $90,961,875 as of September 30, 2025, compared to 11,780.2062 ether with a fair value of $21,614,322 as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Investment Loss</strong>: For the three months ended September 30, 2025, the net investment loss was $36,550, and for the six months ended September 30, 2025, it was $49,943.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li><li><strong>Net Realized and Unrealized Gain on Investment in Ether</strong>: For the three months ended September 30, 2025, the net realized and change in unrealized gain was $26,892,862, and for the six months ended September 30, 2025, it was $34,093,182.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended September 30, 2025, net cash used in operating activities was - $35,276,690.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the six months ended September 30, 2025, net cash provided by financing activities was $35,276,690.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Net Asset Value (NAV) per Share</strong>: The NAV per share increased from $13.94 at March 31, 2025, to $31.35 at September 30, 2025, reflecting a 124.89% increase, primarily due to the increase in ether price.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The fund aims to reflect the performance of ether’s price before expenses, providing a cost-effective alternative to direct ether investment. The fund is a passive investment vehicle and does not actively manage ether holdings.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The fund does not engage in leveraged products or derivatives, maintaining a focus on passive investment strategies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul><h3>Priority</h3><ul><li><strong>Strategic Plans</strong>: The fund’s strategy is centered on tracking ether’s price performance, with a focus on maintaining low operational costs and providing liquidity through share creation and redemption processes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2011535/000114036125041936/ef20054990_10q.htm"></span></li></ul>

Franklin Ethereum ETF | 10-Q: FY2026 Q2 Revenue: USD 0