Sector: Financials | Industry: Closed End Funds |
Company Contact | |
Address: | Royal Bank Plaza South Tower, Suite 2600,200 Bay Street TORONTO ON M5J 2J1 |
Tel: | N/A |
Website: | https://sprott.com/investment-strategies/physical-commodity-funds/uranium |
IR: | See website |
Key People | ||
John A. Ciampaglia Chief Executive Officer, Director and Ultimate Designated Person | Varinder Bhathal Chief Financial Officer | Maria Smirnova Chief Investment Officer | Lara Misner Chief Compliance Officer |
Business Overview |
Sprott Physical Uranium Trust (the Trust) is a Canada-based closed-end investment trust. The Trust invests and holds substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride (collectively, Uranium). The investment objective of the Trust is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium without the inconvenience that is typical of a direct investment in physical uranium. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical uranium and does not speculate with regard to short-term changes in uranium prices. The Trust's investment manager is Sprott Asset Management LP and its technical advisor is WMC Energy B.V. |
Financial Overview |
For the fiscal year ended 31 December 2022, Sprott Physical Uranium Trust revenues increased 24% to $214.4M. Net income increased 19% to $185.7M. Revenues reflect Unrealized (losses) gains on investment increase of 31% to $213.3M, Other Income increase from $285K to $1.1M. Net income was partially offset by Storage Fees increase from $1.9M to $9.8M (expense), Administrative Fees increase from $75K to $189K (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,862M as of Dec 31, 2022 |
Annual revenue (TTM): | $289.32M as of Dec 31, 2022 |
EBITDA (TTM): | $250.66M as of Dec 31, 2022 |
Net annual income (TTM): | $250.66M as of Dec 31, 2022 |
Free cash flow (TTM): | -$340.05M as of Dec 31, 2022 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 248,435,917 as of Apr 27, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |