Sprott Physical Uranium Trust (T:U.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | Royal Bank Plaza South Tower, 200 Bay Street, Suite 2600 TORONTO ON M5J2J1 |
| 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. Sprott Asset Management LP (the Manager) is the manager of the Trust. WMC Energy B.V. is the technical advisor (the Advisor) to the Manager. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sprott Physical Uranium Trust revenues increased from $214.4M to $2.66B. Net income increased from $185.7M to $2.63B. Revenues reflect Other income Expenses increase from $1.1M to $2.4M. Net income benefited from Unitholder reporting costs decrease of 17% to $118K (expense), Custodial fees decrease of 71% to $6K (expense), Audit Fees decrease of 5% to $128K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,991M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,634M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,594M as of Dec 31, 2023 |
| Net annual income (TTM): | $3,594M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$27.76M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 258,112,528 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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