v3.25.2

Unaudited Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Unaudited Statements of Cash Flows - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
INCREASE/DECREASE IN CASH FROM OPERATIONS:
Proceeds from sales of gold to pay expenses	$ 95,090	$ 61,181	$ 245,065	$ 171,283
Cash expenses paid	(95,090)	(61,181)	(245,065)	(171,283)
Increase/(Decrease) in cash resulting from operations	0	0	0	0
Cash and cash equivalents at beginning of period	0	0	0	0
Cash and cash equivalents at end of period	0	0	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares-net of change in gold receivable	14,312,449	3,864,509	35,362,787	10,830,737
Value of gold distributed for redemption of shares-net of change in gold payable	11,789,181	3,857,101	26,903,492	13,453,922
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net income/(loss)	5,055,515	3,020,124	18,722,969	12,211,273
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Proceeds from sales of gold to pay expenses	95,090	61,181	245,065	171,283
Net realized (gain)/loss from investment in gold sold to pay expenses	(32,750)	(15,794)	(79,185)	(32,838)
Net realized (gain)/loss from gold distributed for the redemption of shares	(4,165,367)	(977,749)	(8,802,621)	(2,480,434)
Net change in unrealized (gain)/loss on investment in gold	(956,231)	(2,088,718)	(10,096,052)	(9,871,770)
Increase/(Decrease) in accounts payable to Sponsor	3,743	956	9,824	2,486
Net cash provided by operating activities	$ 0	$ 0	$ 0	$ 0

Fair value of gold distributed for redemption of shares in noncash transaction.

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Reference 44: http://www.xbrl.org/2003/role/disclosureRef
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Amount of unrealized gain (loss) on investment.

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SPDR GOLD TRUST 10-Q