U.S. Global Investors (NASDAQ:GROW) expanded its international presence in fiscal 2025 with new ETF listings in Mexico and Colombia, even as the company faced challenging market conditions.
Its U.S. Global Sea to Sky Cargo ETF (NYSE: SEA) launched on the Mexican Stock Exchange, joining the U.S. Global Jets ETF (NYSE: JETS) and the GoGold and Precious Metal Miners ETF (NYSE: GOAU).
In May 2025, the GoGold ETF also became available to investors in Colombia, offering exposure to companies engaged in gold and precious metal production.
Despite the turbulent market environment, the company emphasized opportunities in specialized sectors.
Gold prices continued to rise, boosting related equities, and the U.S. Global Technology and Aerospace & Defense ETF (NYSE: WAR), launched in December 2024, provides exposure to companies driving defense and technology innovation, including artificial intelligence, semiconductors, and cybersecurity.
“Markets in fiscal 2025 were among the most difficult to navigate in recent memory,” U.S. Global Investors CEO and chief investment officer Frank Holmes said. “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.”
He added that a 10% allocation to gold remains a key recommendation for investors seeking protection amid global uncertainty.
“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,” Holmes said.
For the fiscal year ended June 30, 2025, U.S. Global reported a net loss of $334,000, or $0.03 per share, compared with net income of $1.3 million, or $0.09 per share, a year earlier.
Total operating revenues declined 23% to $8.5 million, and average assets under management fell to $1.4 billion from $1.9 billion.
The company’s shareholder yield was 9.1%, more than double the yield on the 10-year Treasury bond at the same time.
During the year, U.S. Global repurchased 801,043 shares at a net cost of approximately $2 million and continued paying a monthly dividend of $0.0075 per share.
The company ended the fiscal year with net working capital of $37.2 million, including $24.6 million in cash and cash equivalents.