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Mar 31, 2025
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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