GraniteShares Gold Trust | 10-Q: FY2026 Q1 Revenue: USD 179.95 M

Revenue: As of FY2026 Q1, the actual value is USD 179.95 M.

EBIT: As of FY2026 Q1, the actual value is USD 179.44 M.

Segment Revenue

• The Trust’s net asset value increased from $1,105,575,430 on June 30, 2025, to $1,285,913,636 on September 30, 2025, representing a 16.31% increase.

Operational Metrics

• The Trust’s net asset value per share increased by 16.32% from $32.42 on June 30, 2025, to $37.71 on September 30, 2025, which is directly related to the 16.36% increase in the price of gold.
• The net increase in net assets resulting from operations for the quarter ended September 30, 2025, was $179,439,028, resulting from an unrealized gain on investment in gold bullion of $171,669,572, increased by a gain of $8,277,826 on metal sold to cover redemption orders and Sponsor’s fees but decreased by the Sponsor’s fees of $508,370.

Cash Flow

• The Trust did not have any cash balances as of September 30, 2025.

Unique Metrics

• The Trust’s investment in gold increased in fair value from $1,105,737,000 on June 30, 2025, to $1,286,089,000 on September 30, 2025.

Future Outlook and Strategy

• The Trust aims to continue reflecting the performance of the price of gold, less the Trust’s expenses, and believes that the Shares will represent a cost-effective investment relative to traditional means of investing in gold.