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PresentationHolly SchoenfeldtPublic Relations Leader Good morning, everyone, and thank you for joining us today for our webcast announcing U.S. Global Investors Results for Fiscal Year 2025. As you can see on Slide #2, the presenters for today's program are Frank Holmes, U.S. Global Investors CEO and Chief Investment Officer; Lisa Callicotte, Chief Financial Officer; and myself, Holly Schoenfeldt, Director of Marketing. Moving on to Slide #3. During this webcast, we may make forward-looking statements about ...

PresentationHolly SchoenfeldtPublic Relations Leader Good morning, everyone, and thank you for joining us today for our webcast announcing U.S. Global Investors Results for Fiscal Year 2025. As you can see on Slide #2, the presenters for today's program are Frank Holmes, U.S. Global Investors CEO and Chief Investment Officer; Lisa Callicotte, Chief Financial Officer; and myself, Holly Schoenfeldt, Director of Marketing. Moving on to Slide #3. During this webcast, we may make forward-looking statements about ...

U.S. Global Investors (NasdaqCM:GROW) Q4 2025 Earnings Call September 09, 2025 08:30 AM ET Company ParticipantsHolly Schoenfeldt - Director of MarketingFrank Holmes - CEO and CIOLisa Callicotte - CFOHolly SchoenfeldtInvestment Officer Lisa Callicotte, Chief Financial Officer, and myself, Holly Schoenfeldt, Director of Marketing. Moving on to slide number three. During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statem ...

U.S. Global Investors (NasdaqCM:GROW) Q4 2025 Earnings Call September 09, 2025 08:30 AM ET Speaker2Investment Officer Lisa Callicotte, Chief Financial Officer, and myself, Holly Schoenfeldt, Director of Marketing. Moving on to slide number three. During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statements made during this webcast that don't pertain to historical facts are subject to risks and uncertainties that may ...

U.S. Global Investors (NasdaqCM:GROW) Q4 2025 Earnings Call September 09, 2025 08:30 AM ET Company ParticipantsHolly Schoenfeldt - Director of MarketingFrank Holmes - CEO and CIOLisa Callicotte - CFOHolly SchoenfeldtInvestment Officer Lisa Callicotte, Chief Financial Officer, and myself, Holly Schoenfeldt, Director of Marketing. Moving on to slide number three. During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statem ...

财务数据关键指标变化：收入和利润 - 公司2025财年净亏损33.4万美元，每股亏损0.03美元，而去年同期净利润为130万美元，每股收益0.09美元[2] - 2025财年总营业收入为850万美元，较去年同期下降23%[2] 财务数据关键指标变化：成本和费用 - 公司运营费用为1143.8万美元，略低于去年同期的1146.4万美元[19] 各条业务线表现 - 2025财年平均管理资产（AUM）为14亿美元，低于去年的19亿美元[3] - 期末总管理资产为13亿美元，去年同期为16亿美元[3] 管理层讨论和指引 - 董事会批准2025年7月至9月每月派发每股0.0075美元的股息[16] - 公司本财年以约200万美元净成本回购了801,043股自有股份，回购数量较去年同期增加4%[11] 其他重要内容 - 截至2025年6月30日，股东收益率为9.1%，是同期10年期国债收益率的两倍多[3] - 截至2025年6月30日，公司拥有约3720万美元净营运资本，其中现金及现金等价物为2460万美元[17] - 全球国防支出在2024年达到创纪录的2.7万亿美元[7]

财务数据关键指标变化：收入和利润 - 总营业收入下降253.2万美元（23.1%），从1098.4万美元降至845.2万美元[125] - 公司净亏损33.4万美元（每股亏损0.03美元），相比去年净利润130万美元（每股收益0.09美元），变化约170万美元[124] - ETF咨询费用下降277.4万美元（29.5%），其中航空旅行类ETF费用下降286.6万美元（32.3%）[125] - 黄金与自然资源类ETF咨询费用增长8.2万美元（15.1%），USGIF咨询费用增长23万美元（15.8%）[125] - 净投资收入增长24.9万美元（11.6%），达到239.3万美元[132] - 所得税费用下降51万美元（87.6%），从58.2万美元降至7.2万美元[133] 财务数据关键指标变化：成本和费用 - 员工薪酬福利增长12.9万美元（2.7%），广告费用增长24.6万美元（60.9%）[131] 各条业务线表现：ETF业务 - 截至2025年6月30日，公司管理总资产（AUM）为13.2亿美元，较2024年同期的15.6亿美元减少2.387亿美元，降幅15.3%[106] - 2025财年平均AUM为14亿美元，较2024财年的19亿美元下降23.9%，主要因JETS ETF资金流出导致[106] - 2025财年ETF客户咨询费收入为660万美元，较2024财年的940万美元下降29.8%[115] - JETS ETF管理资产从2024年12.7亿美元降至2025年9.73亿美元，减少3.007亿美元[106][115] 各条业务线表现：基金业务 - USGIF咨询费总额（含业绩调整）在2025财年增长约23万美元，增幅15.8%，主要因业绩费用向下调整减少[110] - 股票型基金平均管理费率从2024财年的0.81%降至2025财年的0.76%，固定收益基金费率因费用豁免维持0%[112] - USGIF股票型基金规模从期初2.33亿美元增至期末2.97亿美元，固定收益基金从5510万美元降至5368万美元[112] 投资表现 - 公司持有交易性证券公允价值1218.8万美元，可供出售债务证券公允价值157.6万美元，总投资公允价值1376.4万美元[117] - 2025财年净投资收益为240万美元，较2024财年的210万美元增长14.3%[118] - 公司持有HIVE Digital投资，包括160万美元可转换债券和普通股（2025年）及440万美元可转换债券（2024年）[119] 流动性和资本资源 - 现金及等价物减少280万美元，期末余额2460万美元，占流动资产76.4%[134][135] - 营运资本3720万美元，流动比率20.9:1，股东权益4520万美元[134] - 截至2025年6月30日，公司合同义务为110万美元，涵盖2026财年至2030财年[143] - 公司现金储备、投资和可用融资预计足以满足可预见的运营活动和合同义务现金需求[144] 市场环境与风险 - 标普500指数在截至2025年6月30日的12个月内总回报率达13.6%，金融板块领涨，医疗保健板块承压[103] - 管理费收入基于管理资产百分比，金融市场波动直接影响公司经营成果[158] - 股权价格风险：截至2025年6月30日，公允价值为1218.8万美元的权益证券在市场价格±25%波动下，预计税后净收益变动额为±240.7万美元[163] - 利率波动可能对公司按公允价值计量的债务证券投资产生重大影响[165] - 外币风险：部分现金和公司投资以外币计价，汇率不利变化可能降低其价值[166] 会计和估值 - 公司金融工具按公允价值计量，相关假设显著影响未实现损益[146] - 信贷损失准备金采用CECL模型，需基于历史经验、当前状况和未来经济预测进行重大判断[147] - 股权薪酬费用按授予日公允价值计量，假设变化可能显著影响确认时间和金额[148][149] - 所得税会计涉及重大判断，实际结果差异可能对公司财务状况产生重大影响[150][154]

SAN ANTONIO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm1 with deep expertise in global markets and specialized sectors from gold mining to airlines, today announced a net loss of $334,000, or $0.03 per share, for the fiscal year ended June 30, 2025, compared to net income of $1.3 million, or $0.09 per share, during the same period a year earlier. Total operating revenues were $8.5 million, a 23% decrease from the 12 mo ...

San Antonio, TX, Sept. 05, 2025 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (Nasdaq: GROW) will host a webcast on Tuesday, September 9, at 7:30 a.m. Central time to discuss the company’s results for fiscal year 2025. ­Financial data for the fiscal year will be released prior to the webcast. Frank Holmes, Chief Executive Officer and Chief Investment Officer; Lisa Callicotte, Chief Financial Officer; and Holly Schoenfeldt, Director of Marketing, will participate in the webcast. Click here to register for ...