### Sprott Inc. Reports Financial Results for Q2 2024

### Sprott Inc. Reports Financial Results for Q2 2024 **Toronto, Aug. 07, 2024** - Sprott Inc. (TSX:SII) ("Sprott" or the "Company") has announced its financial results for the quarter ending June 30, 2024. #### Key Financial Metrics | Metric | Q2 2024 | Q2 2023 | YoY Change (%) | Consensus Estimate | Beat/Miss | |---------------------------------------|------------|------------|----------------|---------------------|-----------| | Earnings Per Share (EPS) | $0.53 | $0.70 | -24.3% | $0 | Not Available | ### Financial Performance Interpretation Sprott Inc. reported a decrease in net income to $13.4 million ($0.53 per share), down 25% from $17.7 million ($0.70 per share) in the same quarter last year. This decrease is primarily due to the realization of a non-recurring $18.6 million asset in the previous year's quarter. Excluding this impact, the company showed significant improvements driven by higher management fees and commission income due to improved market valuations and increased ATM activity. #### Segment Revenue Performance | Segment | Q2 2024 | Q2 2023 | YoY Change (%) | |-------------------------------|----------------|----------------|------------------| | Management Fees | $38.1 million | $32.9 million | +16% | | Carried Interest & Performance Fees | $0.7 million | $0.4 million | +80% | | Net Fees | $34.4 million | $29.9 million | +15% | | Commission Revenues | $3.3 million | $1.6 million | +69% | | Finance Income | $4.1 million | $1.7 million | +141% | ### Segment Performance Interpretation The increased management fees and carried interest revenues, along with commission income, greatly contributed to the overall financial performance of Sprott Inc. The launch of the Sprott Physical Copper Trust ("COP") and higher ATM activity in critical materials exchange-listed products significantly boosted these metrics. ### Key Operational Data | Operational Metric | Q2 2024 | Q1 2024 | Q4 2023 | QoQ Change (%) | YoY Change (%) | |-----------------------------|----------|----------|-----------|-----------------|----------------| | Assets Under Management (AUM) | $31.1B | $29.4B | $28.7B | +6% | +8% | ### Comments from Company Officers Whitney George, CEO of Sprott, commented on the continued success in scaling their critical materials investment strategies, especially emphasizing the strategic launch of COP. The company plans to maximize its global network of institutions and clients to further scale investments in critical materials. ### Dividends and Share Repurchase Programs The Sprott Board of Directors announced a quarterly dividend of $0.25 per share, declared on August 6, 2024. ### Forward Guidance While no explicit forward guidance was provided, Sprott Inc. remains confident in its operations and strategic initiatives, including scaling COP and maximizing market opportunities. ### Stock Price Movement Following the earnings release, Sprott Inc.’s stock experienced a minor decline of approximately 0.2972%. For further details, please refer to the June 30, 2024, quarterly financial statements and related management discussion and analysis filed earlier this morning.