Sprott Inc. (T:SII*CA)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | Royal Bank Plaza South Tower, 200 Bay Street, Suite 2600 TORONTO ON M5J 2J1 |
| Tel: | 1-416-9434394 |
| Website: | https://sprott.com |
| IR: | See website |
| Key People | ||
| Whitney W. George President, Chief Executive Officer, Director | Kevin Lloyd Hibbert Senior Managing Partner, Chief Financial Officer, Co-Head of the Enterprise Shared Services Group | Heather Macleod Senior Managing Partner, Chief Marketing Officer |
| Arthur Einav Senior Managing Partner, General Counsel, Corporate Secretary, Co-Head of the Enterprise Shared Services Group | Varinder Bhathal Managing Partner, Chief Controller | Greg Caione Senior Managing Partner |
| John A. Ciampaglia Senior Managing Partner, Chief Executive Officer of Sprott Asset Management | Edward C. Coyne Senior Managing Partner | |
| Business Overview |
| Sprott Inc. is a Canada-based company, which is engaged in precious metal and energy transition investments. The Company's investment strategies include exchange-listed products, managed equities and private strategies. The Company operates through four segments: Exchange listed products, Managed equities, Private strategies and Corporate. Exchange listed products segment provides management services to the Company's closed-end physical trusts and exchange traded funds (ETFs). Managed equities segment provides management services for the Company's alternative investment strategies managed in-house and on a sub-advisory basis. Private strategies segment provides lending and streaming activities through limited partnership vehicles. Corporate segment provides capital, balance sheet management and enterprise shared services to the Company's subsidiaries. Its subsidiaries include Sprott Asset Management LP, Sprott U.S. Holdings Inc., Sprott Resource Lending Corp. and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Sprott Inc revenues increased 4% to $41.5M. Net income increased 51% to $11.6M. Revenues reflect Exchange listed products segment increase of 27% to $26.2M, Private strategies segment increase of 21% to $7.5M, Canada segment increase of 5% to $38.3M. Net income benefited from Compensation decrease of 8% to $18M (expense), Other Non Rec I/E - Non Business Activ decrease from $1.2M (expense) to $0K. |
| Employees: | 129 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,490M as of Mar 31, 2024 |
| Annual revenue (TTM): | $232.33M as of Mar 31, 2024 |
| EBITDA (TTM): | $93.49M as of Mar 31, 2024 |
| Net annual income (TTM): | $62.50M as of Mar 31, 2024 |
| Free cash flow (TTM): | $3.30M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 25,396,091 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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