GraniteShares Platinum Trust FY 2026: Net income $(7.0)M, EPS $(0.67) — 10-K Summary

GraniteShares Platinum Trust reported a decline in full-year 2026 results, registering a net loss from operations of $(7.0)M and diluted earnings per share of $(0.67) versus net income of $20.1M and EPS of $3.97 in fiscal 2025.

Financial Highlights

• Net income: Change in net assets from operations of $(7.0)M for FY ended Jun 30, 2026, vs. $20.1M for FY ended Jun 30, 2025.
• Diluted EPS: Net increase (decrease) in net assets per share $(0.67) for FY 2026, vs. $3.97 for FY 2025.
• Total gain/(loss) on platinum: $(6.1)M for FY 2026 vs. $20.3M for FY 2025; NAV per share rose 15.45% to $15.02 in FY 2026.

Business Highlights

• NAV Growth & Share Issuance: Net asset value increased to $163.8M (up 92.2%), driven by net creation of 5.35M shares (a 66.4% rise) and a higher platinum price.
• Price Performance Impact: Platinum price appreciation — up 16.1% in FY26 (and 33.4% in FY25) — was a primary driver lifting NAV per share despite fees.
• Expense & Fee Structure: The sponsor assumed most trust expenses; sponsor fees were paid in-kind at an annualized 0.50%, modestly reducing NAV growth.
• Liquidity & Operations: The trust holds physical platinum only; creations and redemptions occur in 50,000-share baskets through Authorized Participants.

Original SEC Filing: GraniteShares Platinum Trust [ PLTM ] - 10-K - Aug. 13, 2026