U.S. Global Investors sees assets under management grow to $1.5B in fiscal Q2

U.S. Global Investors (NASDAQ:GROW) has reported its fiscal results for the 2nd 4th of fiscal 2026, which ended connected December 31, 2025, highlighting an summation successful assets nether absorption and improved operating performance.

Total assets nether absorption (AUM) were astir $1.5 cardinal astatine quarter-end, representing a 12% summation from the anterior 4th and a 5% emergence from the aforesaid play a twelvemonth earlier. The institution said AUM had climbed further to $1.7 cardinal arsenic of February 19, 2026.

Operating gross roseate by $259,000, oregon 11.5%, compared with the erstwhile quarter, and accrued by $279,000 from the 4th ended December 31, 2024.

Expenses declined by $172,000 twelvemonth implicit year. Income earlier taxes was $535,000, compared with a nonaccomplishment earlier taxes of $116,000 successful the year-ago quarter.

On shareholder returns, the institution reported a shareholder output of 9.89% arsenic of December 31, 2025. The committee approved a monthly dividend of $0.0075 per stock opening successful January 2026 done March 2026.

U.S. Global Investors besides maintains a stock repurchase programme authorizing up to $5 cardinal successful yearly open-market purchases. During the quarter, it repurchased astir 262,000 shares.

Commenting connected manufacture trends, CEO and CIO Frank Holmes said aerial question request remained resilient successful 2025 contempt capableness constraints. The institution cited International Air Transport Association information showing full-year rider request roseate 5.3% twelvemonth implicit year, with a grounds planetary rider load origin of 83.6%. U.S. Global Investors besides referenced information from Airports Council International Europe and Airlines Reporting Corporation indicating continued spot successful rider postulation and summons sales.

“Consumers are inactive prioritizing experiences, and the information continues to amusement that aerial question remains 1 of the astir resilient categories successful the planetary economy,” Holmes said. “Even with capableness constraints, the manufacture has been mounting records for request and load factors. That’s a constructive backdrop for investors looking astatine the semipermanent maturation imaginable of the airlines and question ecosystem.”

Holmes besides pointed to beardown golden marketplace fundamentals. According to the World Gold Council, full golden request exceeded 5,000 metric tons successful 2025, with cardinal slope purchases reaching 863 tons and prices hitting aggregate grounds highs. Goldman Sachs has raised its year-end 2026 golden forecast to $5,400 per ounce, the institution noted.

“Gold has continued to bash what it has historically done best—serve arsenic a portfolio hedge during periods of macroeconomic and geopolitical uncertainty,” Holmes said. “When request breaks records and cardinal banks stay ample buyers, it reinforces gold’s relation arsenic a strategical asset. Against that backdrop, we judge investors volition proceed to look intimately astatine golden exposure, including the imaginable upside successful prime precious metals miners.”

As of December 31, 2025, U.S. Global Investors reported nett moving superior of astir $36.7 million, including astir $25.2 cardinal successful currency and currency equivalents, which it said provides capable liquidity to conscionable existent obligations.