GROW News & Events

U.S. Global Investors reported financial results for the second quarter. Total assets under management were approximately $1.5B at quarter-end, representing a 12% increase from the prior quarter and 5% higher than AUM at the end of the year-ago quarter. This rose to $1.7B in total AUM as of Thursday, February 19. Operating revenue increased by $259,000, or 11.5%, compared to the prior quarter, and by $279,000 compared to the quarter ended December 31, 2024. Additionally, the company's expenses decreased by $172,000 in the current quarter compared to the same quarter last year. The company's income before taxes was $535,000, a significant improvement from a loss before taxes of $116,000 in the quarter ended December 31, 2024.

U.S. Global Investors announced an update to the stock repurchase program, allowing for the orderly and systematic repurchase of up to $5M worth of the company's common stock between September 13, 2024, and December 31, 2024. This represents 14% of the company's market capitalization. This strategic move, combined with the ongoing monthly dividend program, reinforces the company's dedication to delivering shareholder value through effective capital allocation and consistent returns, the company said in a statement. The company's Board of Directors has approved the update to this buyback program as part of U.S. Global Investors' strategy to return excess capital to shareholders, reflecting confidence in the company's long-term growth prospects and financial health, it said. "We believe that repurchasing our shares at current levels offers a compelling opportunity to enhance shareholder value," says Frank Holmes, CEO of U.S. Global Investors. The Board approved payment of the $0.0075 per share per month dividend beginning in October 2024 and continuing through December 2024. The record dates are October 14, November 11 and December 16, and the payment dates will be October 28, November 25 and December 30.

U.S. Global Investors announced that its airlines ETF, the U.S. Global Jets ETF, is now listed on Bolsa de Valores de Colombia, the Colombian Securities Exchange. The new listing will further expand JETS' Latin America footprint and allow investors in Colombia to access the ETF. JETS first listed in New York in 2015. In 2020, it was approved to trade in Lima, Peru, and in 2021, JETS landed in Mexico.