Aurelion Posts $9.9M Q1 Non-Operating Income, NAV Reaches $2.94 per Share
Aurelion reported Q1 results with $9.9M non-operating income from fair value gains on XAUt after gold appreciation. At December 31, 2025, it held $144.5M in XAUt, posted a NAV of $108.2M (NAV per share $2.94) and carried $40.6M debt following the $150M financing round.
1. Q1 Financial Results
Aurelion generated $9.9M of non-operating income in the quarter ended December 31, 2025, driven by fair value gains on its XAUt holdings resulting from a rise in gold prices.
2. Net Asset Value and Debt Position
As of December 31, total assets reached $148.8M with $144.5M in XAUt and $3.6M cash, offset by $40.6M debt, yielding an NAV of $108.2M and NAV per share of $2.94 following the share consolidation.
3. Treasury Strategy and XAUt Holdings
In connection with its XAUt treasury approach, Aurelion acquired 33,318 units for $134.15M at an average price of $4,026.34 per unit, positioning digital gold as its primary reserve asset.
4. Recent Financings and Corporate Actions
In October 2025, the firm closed a $100M private placement and a $50M term loan, appointed Björn Schmidtke as CEO, began Nasdaq trading under the Aurelion name on November 26, entered an ATM equity facility for up to $500M in January, and completed a 1-for-10 share consolidation effective February 19, 2026.