<span item_type="fundamental" item_id="43c3112a0eab1e24fbe428a3cafd6ddd" counter_id="ETF/US/OUNZ" env="prod"></span><span item_type="announcement" item_id="591493086240900225" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 389.24 M.</p><p>EBIT: As of FY2026 Q3, the actual value is USD 387.96 M.</p><p></p><h3>Segment Revenue</h3><ul><li>The Trust’s NAV increased by 29.44% from $1,763,218,226 at July 31, 2025 to $2,282,329,658 at October 31, 2025, compared to a 21.96% increase from $1,018,106,177 at July 31, 2024 to $1,241,717,488 at October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>The Trust’s NAV per Share increased 21.44% during the quarter ended October 31, 2025, from $31.71 per Share to $38.51 per Share, compared to an increase of 12.05% from $23.66 to $26.51 during the quarter ended October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li><li>The change in net assets from operations for the quarter ended October 31, 2025 was $387,960,218, resulting from the Sponsor’s fees of - $1,280,422, a net realized gain from gold bullion distributed for redemptions of $7,405,308, and a net change in unrealized appreciation on investment in gold bullion of $381,835,332.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>The Trust had no expenses other than the Sponsor’s fee during the quarter ended October 31, 2025 or the quarter ended October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The Trust’s NAV per Share increased 42.58% during the nine months ended October 31, 2025, from $27.01 per Share to $38.51 per Share, compared to an increase of 34.64% from $19.69 to $26.51 during the nine months ended October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The Trust aims to provide investors with an opportunity to invest in gold through shares and be able to take delivery of physical gold bullion and gold coins in exchange for their shares.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li><li>The Trust’s secondary objective is for the shares to reflect the performance of the price of gold less the expenses of the Trust’s operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1546652/000121390025119219/ea0268443-10q_vaneck.htm"></span></li></ul>

Veck Merk GLD | 10-Q: FY2026 Q3 Revenue: USD 389.24 M