Abrdn Silver ETF Trust | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD -1.83 M.

Segment Revenue

• The Trust’s NAV increased by 51.55% from $1,982,135,764 at June 30, 2025, to $3,004,024,528 at September 30, 2025.

Operational Metrics

• The NAV per Share increased by 28.26% from $34.29 at June 30, 2025, to $43.98 at September 30, 2025.
• The increase in net assets from operations for the quarter ended September 30, 2025, was $623,655,725, which included a realized gain of $472,923 on the transfer of silver to pay expenses, and a change in unrealized gain on investment in silver of $625,013,292, offset by the Sponsor’s Fee, net of waiver, of $1,830,490.

Cash Flow

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

Unique Metrics

• The Trust’s NAV increased by 111.38% from $1,421,124,141 at December 31, 2024, to $3,004,024,528 at September 30, 2025.
• The NAV per Share increased by 59.41% from $27.59 at December 31, 2024, to $43.98 at September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The Trust aims to reflect the performance of the price of physical silver, less the Trust’s expenses, and continues to issue and redeem Shares only with Authorized Participants in exchange for silver.
• Non-Core Business: There are no specific plans related to divestitures or emerging segments mentioned in the report.