PALL swings to $6.2M quarterly loss as palladium slump cuts NAV 38% YTD

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read

Key Changes

• high

  Net assets from operations swung to a $6.2M loss in Q3 2026 from a $47.3M gain a year earlier, driven by realized and unrealized losses on palladium.

  MD&A: Net assets from operations verify on EDGAR →
• high

  Year-to-date NAV fell 38.45% to $637.3M, versus a 75.71% increase in the prior-year period, as palladium prices dropped 22.02%.

  MD&A: Nine-month NAV verify on EDGAR →
• medium

  The Trust completed a 5-for-1 forward share split in May 2026; all prior-period share and per-share figures have been adjusted.

  Notes: Share split verify on EDGAR →