U.S. Global Investors Reports Fiscal Year Profit Amid Gold Fund Growth
U.S. Global Investors (NASDAQ:GROW) reported a net income of $3.1 million for the fiscal year ended June 30, 2026, reversing from a loss in the prior year. The company attributed this improvement to higher operating revenues and investment income driven by strong performance in gold-related funds. Total assets under management (AUM) rose significantly during the period, with end-of-year AUM reaching $1.7 billion—a 26% increase compared to fiscal 2025. Advisory fees from U.S. Global Investors Funds surged by 128%, largely due to higher average AUM in gold and natural resource funds. The company also launched the Technology and Aerospace & Defense ETF, which saw a notable rise in assets under management during its first year of operation. CEO Frank Holmes highlighted that mining companies benefited from rising gold prices and improved capital discipline compared to past cycles.
Topics: assets under management gold investment advisory fees