GlobeNewswire·Sep 3, 2026, 4:05 PM ET

U.S. Global Investors Reports $3.1 Million in Net Income for Fiscal Year 2026

GROW JETS WAR

U.S. Global Investors, Inc. reported a net income of $3.1 million ($0.24 per share) for the fiscal year ended June 30, 2026, reversing a net loss of $334,000 in the prior year.
Total operating revenue reached $10.3 million, representing a 21% increase over the previous year, while net investment income rose to $4.1 million from $2.4 million.
Average assets under management (AUM) increased 8% to $1.5 billion, and period-end total AUM grew 26% to $1.7 billion.
The operating loss narrowed significantly to $603,000 for fiscal 2026 compared to $3.0 million in fiscal 2025, aided by a non-cash net gain of $3.2 million on equity securities.
Advisory fees from funds totaled $3.8 million, a 128% increase driven by higher AUM in gold & natural resources sectors & the elimination of a prior performance fee adjustment.
Central bank gold buying reached a record 289 tonnes in Q2 2026, with 89% of surveyed central banks expecting global reserves to rise over the next 12 months.
Gold prices set a record near $5,600 per ounce in late January 2026 before declining by year-end, while mining companies benefited from the price-to-cost differential.
Advisory fees from ETF clients decreased to $6.2 million due to lower average net assets in the U.S. Global Jets ETF.
The U.S. Global Technology & Aerospace & Defense ETF (WAR) saw assets grow nearly sevenfold to $41.3 million, focusing on the convergence of AI, semiconductors, & defense hardware.
The company repurchased 733,848 shares for approximately $2.0 million, leaving $4.1 million available under its 2026 authorization, & authorized a monthly dividend of $0.0075 per share for July through September 2026.
As of June 30, 2026, the company held net working capital of $35.7 million, $24.3 million in cash, & no outstanding borrowings under its credit facility.
An earnings webcast was scheduled for 7:30 a.m. Central time on September 4, 2026, featuring CEO Frank Holmes, CFO Lisa Callicotte, & PR manager Holly Schoenfeldt.