Revenue: As of FY2026 Q1, the actual value is USD 171.EPS: As of FY2026 Q1, the actual value is USD -2.99.EBIT: As of FY2026 Q1, the actual value is USD -3.72 K.The COtwo Advs Physical Eur Carb AllowanceTr operates as a single operating segment, with performance assessed by the Chief Operating Decision Maker (CODM) against its investment strategy as disclosed in its prospectus.<h4>Operational Metrics</h4><ul><li>Net Assets:<ul><li>Net assets were $1,621,078 as of February 28, 2026.</li><li>Net assets were $1,919,879 as of November 30, 2025.</li></ul></li><li>Net Asset Value per Share:<ul><li>Net asset value per share was $16.21 as of February 28, 2026.</li><li>Net asset value per share was $19.20 as of November 30, 2025.</li></ul></li><li>Investments in European Union Carbon Emission Allowances (“EUAs”) at Fair Value:<ul><li>Investments in EUAs at fair value were $1,605,267 (cost $1,667,361) as of February 28, 2026.</li><li>Investments in EUAs at fair value were $1,900,519 (cost $1,667,361) as of November 30, 2025.</li></ul></li><li>Interest Income: Interest income was $171 for the three months ended February 28, 2026.</li><li>Sponsor’s Management Fees: Sponsor’s management fees totaled $3,720 for the three months ended February 28, 2026.</li><li>Total Expenses: Total expenses were $3,720 for the three months ended February 28, 2026.</li><li>Net Investment Loss: The net investment loss was -$3,549 for the three months ended February 28, 2026.</li><li>Net Change in Unrealized Gain/(Loss) on Investment in EUAs: The net change in unrealized gain/(loss) on investment in EUAs was -$295,252 for the three months ended February 28, 2026.</li><li>Net Decrease in Net Assets Resulting from Operations: The net decrease in net assets resulting from operations was -$298,801 for the three months ended February 28, 2026.</li><li>Net Decrease in Net Assets per Share from Operations: The net decrease in net assets per share from operations was -$2.99 for the three months ended February 28, 2026.</li><li>Total Return at Net Asset Value: The total return at net asset value was -15.57% for the three months ended February 28, 2026.</li><li>Total Return at Market Value: The total return at market value was -1.57% for the three months ended February 28, 2026.</li><li>Average Net Assets: Average net assets were $1,906,520 for the period December 1, 2025, to February 28, 2026.</li><li>Ratio to Average Net Assets - Net Investment Loss: The annualized ratio to average net assets for net investment loss was -0.76% for the three months ended February 28, 2026.</li><li>Ratio to Average Net Assets - Expenses: The annualized ratio to average net assets for expenses was 0.79% for the three months ended February 28, 2026.</li></ul><h4>Cash Flow</h4><ul><li>Cash &amp; Cash Equivalents:<ul><li>Cash &amp; cash equivalents were $16,816 as of February 28, 2026.</li><li>Cash &amp; cash equivalents were $20,497 as of November 30, 2025.</li></ul></li><li>Net Cash Provided by (Used in) Operating Activities: Net cash used in operating activities was -$3,681 for the three months ended February 28, 2026.</li><li>Net Increase (Decrease) in Cash and Cash Equivalents: The net decrease in cash and cash equivalents was -$3,681 for the three months ended February 28, 2026.</li></ul><h4>Unique Metrics</h4><ul><li>EUAs Owned: The Trust owned 19,700 EUAs as of February 28, 2026.</li><li>Market Value per Share:<ul><li>Market value per share was $19.10 at the beginning of the period (December 1, 2025).</li><li>Market value per share was $18.80 at the end of the period (February 28, 2026).</li></ul></li></ul><h4>Future Outlook and Strategy</h4>The Trust’s investment objective is to reflect the performance of EU Carbon Emission Allowances (EUAs) prices, net of operational expenses, by investing substantially all assets in EUAs. The Sponsor anticipates that future EUA price levels will be influenced by overall weather patterns, EU industrial activity, the outcome of the EU ETS legislative revision process expected in Q3 2026, the impact of the Ukraine-Russia conflict on energy prices, and institutional investor positioning in EUAs. Elevated price volatility in EUAs is expected to continue until there is greater clarity regarding the scope and timing of potential amendments to the EU ETS framework.

COtwo Advs Physical Eur Carb AllowanceTr | 10-Q: FY2026 Q1 Revenue: USD 171