1 unchanged sentence
of Assets and Liabilities
−Removed: December 31, 2025 (unaudited) and June 30, 2025
+Added: March 31, 2026 (unaudited) and June 30, 2025
Amounts in 000’s of US$, except share and per share data
−Removed: December 31, 2025
+Added: March 31, 2026
June 30, 2025
Investment in platinum, at fair value (1)
−Removed: Platinum receivable for
−Removed: fund shares sold
+Added: Platinum receivable for fund shares sold
Payable for platinum purchased
8 unchanged sentences
of Investments
−Removed: December 31, 2025 (unaudited) and June 30, 2025
+Added: March 31, 2026 (unaudited) and June 30, 2025
in 000’s of US$, except for ounces and percentages
−Removed: December 31, 2025 (unaudited)
+Added: March 31, 2026 (unaudited)
Total investment
6 unchanged sentences
of Operations (unaudited)
−Removed: the three and six months ended December 31, 2025, and 2024
+Added: the three and nine months ended March 31, 2026 and 2025
Amounts in 000’s of US$, except per share data
−Removed: December 31, 2025
−Removed: December 31, 2024
−Removed: December 31, 2025
−Removed: December 31, 2024
+Added: March 31, 2026
+Added: March 31, 2025
+Added: March 31, 2026
+Added: March 31, 2025
Total expenses
12 unchanged sentences
of Changes in Net Assets (unaudited)
−Removed: the three and six months ended December 31, 2025 and 2024
+Added: the three and nine months ended March 31, 2026 and 2025
Amounts in 000’s of US$
−Removed: December 31, 2025
−Removed: December 31, 2024
−Removed: December 31, 2025
−Removed: December 31, 2024
−Removed: Net Assets – beginning of period
+Added: March 31, 2026
+Added: March 31, 2025
+Added: March 31, 2026
+Added: March 31, 2025
+Added: Net Assets – beginning of the period
Creations of 2,550,000 , 200,000 , 8,150,000 , and 1,200,000 shares respectively
Redemptions of 2,500,000 , 150,000 , 2,650,000 and 350,000 shares respectively
−Removed: Net investment income (loss)
+Added: Net investment loss
Net realized gain (loss) from platinum bullion sold to pay expenses
4 unchanged sentences
Highlights (unaudited)
−Removed: the three and six months ended December 31, 2025 and 2024
+Added: the three and nine months ended March 31, 2026 and 2025
Per Share Performance
(for a Share outstanding throughout each period)
−Removed: December 31, 2025
−Removed: December 31, 2024
−Removed: December 31, 2025
−Removed: December 31, 2024
−Removed: Net asset value per Share at beginning of period
−Removed: Net investment income (loss) (1)
−Removed: Net realized and unrealized gain (loss) on investment in
−Removed: platinum bullion
+Added: March 31, 2026
+Added: March 31, 2025
+Added: March 31, 2026
+Added: March 31, 2025
+Added: asset value per Share at beginning of period
+Added: Net investment loss (1)
+Added: Net realized and unrealized gain (loss) on investment in platinum
Net change in net assets from operations
1 unchanged sentence
Market Value per Share at end of period
−Removed: return ratio, at net asset value (2)
+Added: Total return ratio, at net asset value (2)
Total return ratio, at market price
37 unchanged sentences
vaulting premises.
−Removed: 99.88 % and 99.95 % of platinum is in the form of good delivery platinum bars as of December 31, 2025 and 2024, respectively.
+Added: 99.96 % and 99.88 % of platinum is in the form of good delivery platinum bars as of March 31, 2026 and 2025, respectively.
A current list of all platinum held by the Custodian is available on the sponsor’s website.
20 unchanged sentences
(Amounts in 000’s of US$)
−Removed: December 31, 2025
+Added: March 31, 2026
Investment in Platinum
3 unchanged sentences
Investment in Platinum
−Removed: were no transfers between Level 1 and other Levels for the period ended December 31, 2025 and the fiscal year ended June 30, 2025.
+Added: were no transfers between Level 1 and other Levels for the period ended March 31, 2026 and year ended June 30, 2025.
Expenses, realized gains and losses
5 unchanged sentences
legal expenses.
−Removed: of period ended of December 31, 2025, the fees payable to the Sponsor were $ 76,745 .
+Added: of the period ended March 31, 2026, the fees payable to the Sponsor were $ 115,682 .
As of the fiscal year ended June 30, 2025, the fees
5 unchanged sentences
than platinum.
−Removed: Other than the Sponsor’s Fee, the Trust had no expenses during the three months and six months ended December 31, 2025
+Added: Other than the Sponsor’s Fee, the Trust had no expenses during the three and nine months ended March 31, 2026, and
otherwise directed by the Sponsor, when selling platinum the Trustee will endeavor to sell at the price established by the LBMA PM Platinum
49 unchanged sentences
Service on that basis.
−Removed: Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined
−Removed: that no reserves for uncertain tax positions are required as of December 31, 2025, and June 30, 2025.
+Added: Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has
+Added: determined that no
+Added: reserves for uncertain tax positions are required as of March 31, 2026 and June 30, 2025.
Sponsor evaluates tax positions taken or expected to be taken in the course of preparing the Trust’s tax returns to determine whether
4 unchanged sentences
years are those years that are open for examination by the relevant income taxing authority.
−Removed: As of December 31, 2025, the 2025, 2024
+Added: As of March 31, 2026, the 2025, 2024, 2023
and 2022 tax years remain open for examination.
11 unchanged sentences
within the Trust’s financial statements.
−Removed: 2.7 Recently Issued Accounting Pronouncement
−Removed: In December 2023, the FASB issued Accounting
−Removed: Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends
−Removed: quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax
−Removed: information by jurisdiction and remove information that is no longer beneficial.
−Removed: ASU 2023-09 is effective for annual periods
−Removed: beginning after December 15, 2024, and early adoption is permitted.
−Removed: The Trust’s Management is evaluating the impacts of these
−Removed: changes on the Trust’s financial statements.
+Added: 2.7 Recently Adopted Accounting Pronouncement
+Added: The Trust adopted the FASB Accounting Standards Update
+Added: 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures” (“ASU 2023-09”), which establishes
+Added: new income tax disclosure requirements and modifies or eliminates certain existing disclosure provisions.
+Added: The amendments in this
+Added: ASU are intended to address investor requests for more transparency about income tax information and to improve the effectiveness of income
+Added: tax disclosures.
+Added: The Trust’s adoption of ASU 2023-09 did not have a material impact on the Trust’s financial statements.
Investment in Platinum
−Removed: in ounces of platinum and their respective values for the period ended December 31, 2025:
+Added: in ounces of platinum and their respective values for the period ended March 31, 2026.
Schedule of Investment in Platinum
5 unchanged sentences
Change in unrealized appreciation (depreciation)
−Removed: Ending balance as of December 31, 2025
+Added: Ending balance as of March 31, 2026
in ounces of platinum and their respective values for the fiscal year ended June 30, 2025.
57 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.