PennantPark Investment Corporation (NYSE: PNNT) announced its financial results for the fourth quarter and fiscal year ended September 30, 2025.
Key highlights include an investment portfolio of $1,287.3 million and net assets of $464.0 million.
The company reported a net asset value per share of $7.11 and a weighted average yield on debt investments of 11.0%.
Core Net Investment Income
Core Net Investment Income per share for the year ended September 30, 2025 was $0.15.
Portfolio Activity
The company made purchases of investments totaling $186.4 million and sales/repayments of investments amounting to $61.4 million in the quarter.
PSLF Portfolio
The PSLF investment portfolio included investments in PennantPark Senior Loan Fund, LLC, totaling $207.8 million at fair value.
Focus on Realizations
The company aims to create realizations of its equity holdings to support Net Investment Income (NII).
- The company's investment portfolio remains strong with a focus on the core middle market, featuring attractive credit spreads and enhanced lender protections.
- As of September 30, 2025, the portfolio had 91% variable-rate investments and 9% fixed-rate investments.
- Four portfolio companies were on non-accrual status representing a small percentage of the overall portfolio.
PennantPark Investment Corporation continues to demonstrate resilience and strategic focus in its investment activities, aiming to enhance shareholder value and maintain a strong investment portfolio.