Invesco CurrencyShares Swiss Franc Trust reported its financial results for the three and nine months ended September 30, 2024, highlighting significant changes in revenue and profitability compared to the previous fiscal period.

As of September 30, 2024, the Trust's total assets amounted to $158.2 million, a decrease from $190.4 million as of December 31, 2023. Total liabilities also declined to $51,321 from $66,558 in the same period. The redeemable capital shares at redemption value fell to $158.1 million from $190.3 million, with the number of outstanding shares decreasing from 1.8 million to 1.5 million.

For the three months ended September 30, 2024, the Trust reported interest income of $93,302, an increase from $69,928 in the same period of 2023. Total income for the nine months ended September 30, 2024, was $397,835, significantly higher than $69,928 in 2023. Despite this increase in income, the Trust experienced a net comprehensive loss of $(54,871) for the three months ended September 30, 2024, although this represented an improvement from a loss of $(109,874) in 2023. For the nine-month period, the net comprehensive loss was $(68,932), compared to $(505,734) in the prior year.

The basic and diluted earnings per share for the three months ended September 30, 2024, were $(0.04), an improvement from $(0.06) in 2023. For the nine months, earnings per share were also $(0.04), compared to $(0.26) in the previous year.

The Trust's cash position showed a decline, with cash at the end of the period at $158.1 million, down from $194.5 million in 2023. The net cash used in operating activities for the nine months ended September 30, 2024, was $(31,662), a significant improvement from $(583,203) in 2023. Proceeds from the purchase of redeemable capital shares decreased to $39.95 million from $55.31 million in the previous year.

Market conditions influenced the Trust's performance, with the Swiss franc experiencing fluctuations against the US dollar. The Trust's interest rate on Swiss Franc principal deposits was 0.20% annually as of September 30, 2024, reflecting a downward trend in recent quarters. The Trust's management noted that net comprehensive income was affected by market volatility, including Federal Reserve easing expectations and geopolitical concerns.

Overall, the Trust's financial results indicate a recovery in income and a reduction in losses, despite challenges posed by market conditions and currency fluctuations.