SPROTT INC.

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Feb 19, 2026

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SII$113.94+1.5%Stored close · as of Nov 6, 2026

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Contents

EX-99.3 · Share-based payments

Share-based payments

The Company issues restricted stock unit ("RSUs") to employees and deferred stock units ("DSUs") to directors.

For both cash-settled RSUs and DSUs, share-based expense is recognized over the vesting period with the recognition of a corresponding liability. The expensing of RSUs requires the use of graded vesting. The liabilities related to cash-settled equity incentives are remeasured at each reporting date based on the underlying stock price of Sprott Inc. shares, with changes in fair value being recognized within compensation expense.

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