Sprott(US:SII)2024-02-21 15:40Financial Performance - Sprott Inc grew Assets Under Management (AUM) by $5.3 billion, reaching $28.7 billion[14] - The company reported net sales of $1.1 billion in 2023[7] - Adjusted base EBITDA for the year 2023 was $71.9 million[18] - Sprott Inc repaid $30.2 million of outstanding debt in 2023, resulting in a loan balance of $24.2 million as of December 31, 2023[34] AUM Composition and Growth - Critical materials represent 53% of the total AUM, precious metals physical trusts & ETFs account for 28%, managed equities funds comprise 10%, and private strategies funds make up 9%[16] - Uranium strategies account for approximately 30% of total AUM as of February 16, 2024[65] - AUM in uranium strategies increased by $5.3 billion from January 1, 2023, to February 15, 2024, representing a 143% growth[23] - Exchange Listed Products AUM grew from $3.6 billion to $23.7 billion[36] Product Development and Flows - Sprott Inc launched 7 new ETFs in the U S and Europe in 2023[7] - The Sprott Physical Uranium Miners Trust (SPUT) AUM increased by $2.9 billion from January 1, 2023, to February 15, 2024[39, 58] - The Sprott Uranium Miners ETF (URNM) AUM increased by $851 million or 103% in 2023[60]