Amplify Commodity Trust reported net income for the quarter, compared with net income a year earlier. Combined results reflected gains in futures contracts, partly offset by net investment losses; the filing presents the trust as an investment vehicle whose performance is driven by investment gains and losses.
Financial Highlights
| Metric | Net income² |
| Current quarter | $152.09M |
| Prior year quarter | $22.45M |
| YoY change | 577.4% |
² Reported as “Net Income”.
Business Highlights
- Dry bulk markets: The Baltic Dry Index averaged more than 50% higher year over year, supported by iron ore demand and West African bauxite volumes.
- BDRY performance: Net asset value per share increased 21.26%, with futures gains partly offset by a net investment loss.
- Tanker markets: Average VLCC spot rates were more than eight times higher than a year earlier amid Middle East disruptions and vessel inefficiencies.
- BWET performance: Net asset value per share increased 422.85%, driven by futures gains and partly offset by a net investment loss.
- Fleet outlook: Dry bulk orderbook was approximately 15% of the global fleet; the crude tanker orderbook was about 28% of the current fleet.
Original SEC Filing: Amplify Commodity Trust [ BWET ] – 10-Q – Nov. 13, 2026
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