SAN ANTONIO, Sept. 08, 2025 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (NASDAQ:GROW) (the “Company”), a registered investment advisory firm1 with deep expertise in global markets and specialized sectors from gold mining to airlines, today announced a net loss of $334,000, or $0.03 per share, for the fiscal year ended June 30, 2025, compared to net income of $1.3 million, or $0.09 per share, during the same period a year earlier. Total operating revenues were $8.5 million, a 23% decrease from the 12 months ended June 30, 2024.
Average assets under management (AUM) for the fiscal year ended June 30, 2025, were $1.4 billion, down from $1.9 billion the previous year. Total AUM at period-end was $1.3 billion, compared to $1.6 billion at June 30, 2024.
The shareholder yield as of June 30, 2025, was 9.1%, more than double the yield on the 10-year Treasury bond on the same trading day.2
“Markets in fiscal 2025 were among the most difficult to navigate in recent memory. The prospect of sweeping tariffs created waves of uncertainty, with investors reacting sharply to every headline and policymakers’ statements. Concerns over growth, profitability and inflation weighed on sentiment,” says Frank Holmes, the Company CEO and Chief Investment Officer. “Yet amid the turbulence, we also witnessed a remarkable rebound in U.S. equities from the April lows, underscoring the resilience of the American economy and the opportunities that can emerge in times of disruption. At U.S. Global, we remain committed to helping investors navigate the volatility with disciplined strategies in specialized sectors, where we have decades of experience.”
Gold Continues to Make New Highs
The surge in gold prices has been driving profit margins for gold stocks, which have outperformed the S&P 500 so far this year through the end of August.
“We continue to recommend a 10% allocation to gold, split evenly between physical gold—such as bars, coins and jewelry—and high-quality gold mining stocks, mutual funds and ETFs,” says Mr. Holmes. “With U.S. national debt at $37 trillion, record interest payments, and China encouraging BRICS countries—a bloc of emerging countries that includes Russia, India, China, South Africa and others—to de-dollarize, we see gold as a vital asset.”
Record Defense Spending Constructive for AI WAR ETF
Launched in December 2024, the U.S. Global Technology and Aerospace & Defense ETF (NYSE:WAR) has already established itself as a timely offering. The actively managed fund is designed to capture one of the most significant defense and technology transformations in decades, where artificial intelligence (AI), semiconductors and cybersecurity are as critical as traditional aerospace hardware.
Mr. Holmes states: “The world is rearming, and it’s doing so with a focus on AI, software and advanced technology. Global defense spending reached a record $2.7 trillion in 2024,3 and in June, NATO committed to raising its target to 5% of GDP by 2035.4 WAR was built for this moment, blending our quantamental Smart Beta 2.0 approach with active management to give investors access to companies driving the future of defense and security. We believe this ETF offers a compelling way to participate in one of the most powerful multi-decade investment themes of our time.”
SEA Launched in Mexico, GOAU in Colombia
The Company is pleased to announce that its shipping ETF, the U.S. Global Sea to Sky Cargo ETF (NYSE:SEA), is now listed on Bolsa Mexicana de Valores (BMV), also known as the Mexican Stock Exchange. SEA became the third U.S. Global ETF to be made available to investors in Mexico, joining the U.S. Global Jets ETF (NYSE:JETS) and U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU).
Launched in January 2022, SEA seeks to provide investors with diversified access to the global shipping and air freight industries. Its index, the U.S. Global Sea to Sky Cargo Index (SEAX), uses a Smart Beta 2.0 strategy to help determine the most efficient marine shipping, air freight and port and harbor companies in the world.
“More than 80% of all goods traded around the world is carried by sea,”5 says Mr. Holmes. “From raw materials to finished products, the companies in SEA’s index form the backbone of global commerce. We believe this makes SEA a compelling option for investors looking to gain targeted exposure to supply chain infrastructure.”
SEA’s Mexico listing followed the launch of GOAU in Colombia in May 2025. With this new listing, Colombian investors will gain access to the GoGold ETF, which offers exposure to companies engaged in the production of gold and other precious metals, either through active mining or passive royalty and streaming agreements.
Share Repurchases and Monthly Dividends
During the fiscal year ended June 30, 2025, the Company repurchased a total of 801,043 of its own shares at a net cost of approximately $2 million. This marks a healthy 4% increase in the number of shares that the Company repurchased during the same period a year earlier.
As of June 30, 2025, the Board of Directors has authorized a monthly dividend of $0.0075 per share from July 2025 through September 2025. The Company has paid a monthly dividend since 2007.
Healthy Liquidity and Capital Resources
As of June 30, 2025, the Company had net working capital of approximately $37.2 million. With approximately $24.6 million in cash and cash equivalents, the Company has adequate liquidity to meet its current obligations.
Tune In to the Earnings Webcast
The Company has scheduled a webcast for 7:30 a.m. Central time on September 9, 2025, to discuss the Company’s key financial results for the fiscal year. Frank Holmes will be accompanied on the webcast by Lisa Callicotte, chief financial officer, and Holly Schoenfeldt, marketing and public relations manager. Click here to register for the earnings webcast or visit www.usfunds.com for more information.
Selected Financial Data (unaudited): (dollars in thousands, except per share data)
| 12 months ended | ||||||
| 6/30/2025 | 6/30/2024 | |||||
| Operating Revenues | $ | |||||