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Dec 31, 2024
Prospect Capital Q2 2025 Earnings Report
Prospect Capital Q2 2025 Earnings Report
Key Takeaways
Prospect Capital reported a decline in net investment income and NAV per share, with total investment income down 12.1% YoY. Despite net losses, the company maintained stable distributions to shareholders.
Net Investment Income (NII) per share declined 16.7% YoY to $0.20.
Total investment income decreased 12.1% YoY to $185,466,000.
Net loss improved to -$30,993,000 from -$51,436,000 in the prior year.
NAV per share dropped 12.1% YoY to $7.84.
Prospect Capital
Prospect Capital
Prospect Capital Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comDividend Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Prospect Capital remains focused on first lien senior secured middle-market loans while managing its structured notes portfolio. The company anticipates stable dividend distributions and strategic exits from non-core assets.
Positive Outlook
- Continued focus on first lien senior secured loans.
- Stable dividend distributions projected.
- Liquidity position remains strong at $1.88B.
- Debt to total assets ratio improved YoY.
- Senior management increased equity ownership to 28.7%.
Challenges Ahead
- NAV per share declined 12.1% YoY.
- NII per share decreased 16.7% YoY.
- Investment income fell 12.1% YoY.
- Unrealized losses impacted overall earnings.
- Debt cost increased slightly to 4.49%.