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Mar 31
PennantPark Q2 2025 Earnings Report
Announced Financial Results for the Quarter Ended March 31, 2025
Key Takeaways
PennantPark Investment Corporation reported a decrease in net investment income for the second quarter of fiscal year 2025, primarily due to a lower total portfolio size and a decrease in the weighted average yield on debt investments, partially offset by lower expenses.
Net investment income for the quarter ended March 31, 2025 was $11.4 million, a decrease from $14.3 million in the same period last year.
Net investment income per share was $0.18 for the quarter.
The weighted average yield on debt investments was 12.0% as of March 31, 2025.
Net assets totaled $488.1 million as of March 31, 2025, resulting in a net asset value per share of $7.48.
PennantPark
PennantPark
PennantPark Revenue by Segment
Revenue by Segment
First Lien Secured Debt Revenue
CapyFin.comSecond Lien Secured Debt Revenue
CapyFin.comSubordinated Debt Revenue
CapyFin.comOther Investments Revenue
CapyFin.com Forward Guidance
The report highlights the defensive positioning and continued performance of the secured loan portfolio, supported by substantial spillover income, with a focus on rotating equity investments over time.
Positive Outlook
- Secured loan portfolio is positioned defensively.
- Portfolio companies have among the lowest leverage in the industry.
- Portfolio companies have meaningful covenants.
- Secured loan portfolio continues to perform well.
- Dividend stream is supported by substantial spillover income.