Thu, May 8, 7:54 PM (10 days ago)
**abrdn Platinum ETF Trust (PPLT) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue and Profit Margins:** The Trust's primary revenue comes from the value of its platinum holdings. The net asset value (NAV) increased by 4.48% from $1,018,947,768 at the end of 2024 to $1,064,605,134 at the end of Q1 2025. The NAV per share rose by 8.48% from $83.52 to $90.60. - **Cash Flow:** The Trust had no cash balances at the end of Q1 2025, as it operates primarily through in-kind transfers of platinum. - **Earnings Changes:** The increase in NAV was driven by an 8.76% rise in the price per ounce of platinum and a decrease in outstanding shares due to redemptions. **Quarterly Performance Discussion:** - **Q1 2025:** The Trust's NAV increased due to a rise in platinum prices and a decrease in outstanding shares. The increase in net assets from operations was $84,842,789, primarily due to a change in unrealized gain on investment in platinum. - **Q1 2024:** The Trust's NAV decreased by 7.77% due to a fall in platinum prices and an increase in outstanding shares. The decrease in net assets from operations was $93,304,014, primarily due to a change in unrealized loss on investment in platinum. **Trends and Uncertainties:** - **Platinum Price Volatility:** The Trust's financial performance is heavily dependent on the price of platinum, which can be volatile due to various global factors. - **Share Creations and Redemptions:** The number of shares created and redeemed can impact the Trust's NAV per share. **Future Operations Impact:** - **Sponsor's Fee:** The Sponsor's Fee, which is 0.60% of the Trust's ANAV, is a significant expense that impacts the Trust's NAV per share. - **Market Risks:** The Trust is exposed to market risks associated with fluctuations in the price of platinum, which could affect its financial position and results of operations. **Conclusion:** The abrdn Platinum ETF Trust's Q1 2025 financial performance was positively impacted by an increase in platinum prices. However, the Trust remains exposed to market risks and the volatility of platinum prices. The Sponsor's Fee also continues to be a significant expense that impacts the Trust's NAV per share.