BAR posts $246.9M net income (-21.8%) as gold rises 22.5% to $4,026/oz; Iran conflict added to risks

Filed August 13, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net income fell 21.8% to $246.9M (diluted EPS $7.13, down 23.8%) despite gold rising 22.5% to $7.13/oz, as the prior year's 41% gold rally set a higher baseline. NAV per share tracked gold closely, rising 22.3% to $39.64 with a 20bp drag from the sponsor fee.

  MD&A: Financial Results verify on EDGAR →
• medium

  Trust assets grew 20.6% to $1.33B while outstanding shares fell 1.3% to 33.65M as redemptions (48 baskets) exceeded creations (39 baskets), indicating modest net outflows despite strong gold price appreciation.

  Business: Trust Assets verify on EDGAR →
• high

  New risk factor discloses February 2026 US-Israel airstrikes on Iran that killed senior officials including Iran's Supreme Leader, followed by Iranian retaliation and Strait of Hormuz shipping disruption. The IEA characterized the resulting oil-market disruption as among the most severe in history.

  Risk Factors: Geopolitical verify on EDGAR →