By Amira McKee
Sprott shares climbed after the company reported higher fourth-quarter net income and revenue, as its assets under management nearly doubled.
The stock jumped 8.4% to $141.77 in midday Friday trading. The shares have more than tripled in the past year.
The investment management provider logged a fourth-quarter net income of $28.7 million, or $1.11 a share, compared with $11.7 million, or 46 cents a share, a year earlier.
Adjusted earnings before interest, taxes, depreciation, and amortization came in at $42.1 million, beating the $37.5 million that analysts were expecting, according to FactSet.
Sprott held $59.6 billion in assets under management at the end of the fourth quarter, up 89% from $31.5 billion the year prior.
Total net revenue grew 58% to $61.7 million. The top-line gains were driven by higher average assets under management on market value appreciation and inflows from precious metals physical trusts and ETFs, the company said. Performance fees in the managed equities and private strategies segments also contributed to the increase.
"With our core expertise in precious metals and critical materials investments, we believe we are well positioned to capitalize on powerful macro-economic trends to create value for shareholders in the years ahead," Chief Executive Officer Whitney George said.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 20, 2026 12:38 ET (17:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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