GraniteShares Gold Trust 10-K

Item 8. Financial Statements and Supplementary Data (Unaudited) Quarterly Income Statements Fiscal year ended June 30, 2025 Three months ended Year ended (Amounts in 000’s of US$, except for Share and per Share data) September 30, 2024 December 31, 2024 March 30, 2025 June 30, 2025 June 30, 2025 Expenses Sponsor’s Fee $ 367 $ 386 $ 403 $ 483 $ 1,639 Total expenses 367 386 403 483 1,639 Net investment loss (367 ) (386 ) (403 ) (483 ) (1,639 ) Net realized and unrealized gains (losses) Realized gain/(loss) on gold transferred to pay expenses 124 144 159 216 643 Realized gain/(loss) on gold distributed for the redemption of Shares 6,274 10,034 9,991 10,219 36,518 Change in unrealized gain / (loss) on investment in gold 93,979 (16,110 ) 155,323 46,940 280,132 Total gain / (loss) on gold 100,377 (5,932 ) 165,473 57,375 317,293 Change in net assets from operations $ 100,010 $ (6,318 ) $ 165,070 $ 56,892 $ 315,654 Net increase / (decrease) in net assets per Share $ 2.94 $ (0.19 ) $ 4.97 $ 1.64 $ 9.36 Weighted average number of Shares 34,015 33,302 33,220 34,285 33,706 33 Fiscal year ended June 30, 2024 Three months ended Year ended (Amounts in 000’s of US$, except for Share and per Share data) September 30, 2023 December 31, 2023 March 30, 2024 June 30, 2024 June 30, 2024 EXPENSES Sponsor’s Fee $ 409 $ 406 $ 413 $ 444 $ 1,672 Total expenses 409 406 413 444 1,672 Net investment loss (409 ) (406 ) (413 ) (444 ) (1,672 ) REALIZED AND UNREALIZED GAINS / (LOSSES) Realized gain/(loss) on gold transferred to pay expenses 69 66 90 135 360 Realized gain/(loss) on gold distributed for the redemption of Shares 4,237 5,865 5,009 85,792 100,903 Change in unrealized gain / (loss) on investment in gold (24,285 ) 84,042 63,245 (34,921 ) 88,081 Total gain / (loss) on gold (19,979 ) 89,973 68,344 51,006 189,344 Change in net assets from operations $ (20,388 ) $ 89,567 $ 67,931 $ 50,562 $ 187,672 Net increase / (decrease) in net assets per Share $ (0.42 ) $ 1.90 $ 1.47 $ 1.08 $ 4.03 Weighted average number of Shares 48,739 47,260 46,361 44,037 46,607 Fiscal year ended June 30, 2023 Three months ended Year ended (Amounts in 000’s of US$, except for Share and per Share data) September 30, 2022 December 31, 2022 March 30, 2023 June 30, 2023 June 30, 2023 EXPENSES Sponsor’s Fee $ 395 $ 378 $ 402 $ 427 $ 1,602 Total expenses 395 378 402 427 1,602 Net investment loss (395 ) (378 ) (402 ) (427 ) (1,602 ) REALIZED AND UNREALIZED GAINS / (LOSSES) Realized gain/(loss) on gold transferred to pay expenses 39 25 57 85 206 Realized gain/(loss) on gold distributed for the redemption of Shares 7,120 3,562 2,901 4,544 18,127 Change in unrealized gain / (loss) on investment in gold (83,928 ) 66,572 78,727 (38,419 ) 22,952 Total gain / (loss) on gold (76,769 ) 70,159 81,685 (33,790 ) 41,285 Change in net assets from operations $ (77,164 ) $ 69,781 $ 81,283 $ (34,217 ) $ 39,683 Net increase / (decrease) in net assets per Share $ (1.48 ) $ 1.39 $ 1.63 $ (0.68 ) $ 0.78 Weighted average number of Shares 52,225 50,136 49,901 49,969 50,563 34 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None.