v3.25.4
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:  

 

(Amounts in 000’s of US$) 

 

December 31, 

2025 

  

December 31, 

2024 

 
Level 1          

Investment in palladium

  $1,000,375   $354,243 
Changes in ounces of palladium and their respective values for the years ended December 31, 2025 and 2024 are set out below:

Changes in ounces of palladium and their respective values for the years ended December 31, 2025 and 2024 are set out below:

 

  

Year Ended 

December 31,

 2025 

  

Year Ended 

December 31, 

2024

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   389,706.3    193,152.2 
Creations   425,582.2    369,832.6 
Redemptions   (174,310.0)   (171,620.1)
Transfers of palladium to pay expenses   (2,577.1)   (1,658.4)
Closing balance   638,401.4    389,706.3 
           

Investment in palladium

          
Opening balance  $354,243   $219,421 
Creations   522,096    372,697 
Redemptions   (198,224)   (170,302)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (14,375)   (65,743)
Transfers of palladium to pay expenses   (2,892)   (1,665)
Realized gain on palladium transferred to pay expenses   (227)   (813)
Change in unrealized gain/(loss) on investment in palladium   339,754    648 
Closing balance  $1,000,375   $354,243