How did SII's revenue and expenses shift in Q4 2024?

SPROTT (SII) experienced significant shifts in both revenue and expenses in Q4 2024, with key segments contributing to the overall financial performance. 1. **Revenue Shifts**: - The exchange listed products segment contributed the most to revenue, with $112.5 million and $85.39 million reported for two sub-segments within this segment. - Managed equities and lending segments also contributed notably, with $39.2 million, $29.54 million, and $27.82 million respectively. - The company reported negative revenue of $156,000 from eliminations and all other segments, and $178,000 and $384,000 from the corporate segment. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |SII|SII.N|SPROTT|20240101-2024|Eliminations and All Other Segments|-487000|169| |SII|SII.N|SPROTT|20240101-2024|Eliminations and All Other Segments|-156000|169| |SII|SII.N|SPROTT|20240101-2024|Eliminations and All Other Segments|-677000|169| |SII|SII.N|SPROTT|20240101-2024|Eliminations and All Other Segments|239000|169| |SII|SII.N|SPROTT|20240101-2024|Exchange Listed Products|2.622E7|169| |SII|SII.N|SPROTT|20240101-2024|Lending|7459000|169| |SII|SII.N|SPROTT|20240101-2024|Managed Equities|7772000|169| |SII|SII.N|SPROTT|20240101-2024|Corporate|-147000|169| |SII|SII.N|SPROTT|20240101-2024|Eliminations and All Other Segments|239000|169| 2. **Expense Shifts**: - Similar to revenue, the exchange listed products segment was the largest contributor to expenses, with $112.5 million and $85.39 million reported for two sub-segments within this segment. - Managed equities and lending segments also had significant expenses, with $39.2 million, $29.54 million, and $27.82 million respectively. - The company reported negative expenses of $156,000 from eliminations and all other segments, and $178,000 and $384,000 from the corporate segment. The data indicates that SPROTT's core business segments, particularly exchange listed products and managed equities, were profitable, while segments labeled as corporate and eliminations showed losses. This suggests a focus on optimizing the performance of its core business segments to improve overall financial health.