U.S. Global Investors(GROW) - 2026 Q1 - Quarterly Results

Financial Performance - For the quarter ended September 30, 2025, U.S. Global Investors reported net income of $1.5 million, a 378% increase compared to the same quarter in 2024[1] - Investment income reached $2.3 million, marking a nearly 300% increase from the previous quarter and a 148% increase year-over-year[1] Assets and Management - Average assets under management (AUM) were $1.4 billion, slightly up from $1.3 billion in the previous quarter but down from $1.5 billion a year earlier[2] - As of September 30, 2025, the company reported net working capital of approximately $37.2 million, with $24.6 million in cash and cash equivalents[13] Shareholder Returns - The company's shareholder yield was 8.32%, approximately double the yield on five-year and ten-year Treasury bonds[2] - The company has initiated a monthly dividend of $0.0075 per share starting October 2025, with payment dates set for November 24 and December 29[11] Fund Flows - Fund flows into gold mining funds reached $5.4 billion in Q3 2025, the highest for a single quarter since December 2009[2] - The Global Natural Resources Fund, Gold and Precious Metals Fund, and U.S. Global GO GOLD and Precious Metal Miners ETF all experienced positive fund flows compared to the same quarter in 2024[2] Share Repurchase - During the three-month period ended September 30, 2025, the company repurchased 159,074 shares at a cost of approximately $400,000[12] - The company maintains a share repurchase program allowing for the annual purchase of up to $5 million of its outstanding common shares[12]