BNO reports 2025 net loss of $4.1M vs net income of $10.6M in 2024

United States Brent Oil Fund, LP

Net loss per share $1.85 (basic) vs net income of $2.75 in 2024.
Total realized loss on closed futures contracts of $6.62M; unrealized loss of $0.26M.
Dividend and interest income declined to $2.45M and $1.44M from $3.55M and $3.69M.
Net asset value per share fell to $28.29 from $30.14; shares outstanding decreased to 3.55M from 3.8M.
Partners' capital decreased to $100.4M from $114.5M; total assets down to $100.7M.

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