PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced its financial results for Q4 and FY ended on September 30, 2025.
Key highlights include a net asset value of $1,074.5 million and a GAAP net asset value per share of $10.83.
The company's focus on the core middle market has led to stable NII despite the interest rate environment.
Stable Portfolio Performance
Portfolio valued at $2,773.3 million, predominantly with first lien secured debt, second lien, and subordinated debt, and preferred and common equity.
NII Stability
Net investment income remains stable, with a target growth supported by the new joint venture, and a dividend policy expected to stay stable.
Diversified Debt Portfolio
Approximately 99% of the debt portfolio comprises variable-rate investments, with only 0.4% and 0.2% of the portfolio on non-accrual basis.
- The company's strategic focus on the core middle market has yielded a strong and resilient portfolio performance.
- With a high percentage of variable-rate investments and limited exposure to non-accrual accounts, PennantPark is well-positioned in the current market conditions.
PennantPark Floating Rate Capital Ltd. demonstrates a solid financial performance for Q4 and FY 2025, showcasing stable NII and a well-balanced debt portfolio. The company's commitment to the core middle market continues to drive resilient growth.