PennantPark Floating Rate Capital Reports Q3 2025 Results: Net Investment Income Up to $24.6 Million

PennantPark Floating Rate Capital reported Q3 2025 results with a net investment income of $24.6 million, or $0.25 per share, and a net asset value per share of $10.96. The investment portfolio totaled $2,403.5 million, with net assets of $1,087.5 million. The company declared distributions of $0.31 per share and formed a new joint venture with Hamilton Lane to enhance growth in net investment income. Net realized losses were reported at $(14.8) million, while net unrealized appreciation on investments was $9.9 million for the quarter.

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) recently announced its financial results for the third quarter ended June 30, 2025. The company reported a net investment income of $24.6 million, or $0.25 per share, and a net asset value per share of $10.96. The investment portfolio totaled $2,403.5 million, with net assets of $1,087.5 million.

The company also declared distributions of $0.31 per share. Notably, PennantPark formed a new joint venture with Hamilton Lane to enhance growth in net investment income. Net realized losses were reported at $(14.8) million, while net unrealized appreciation on investments was $9.9 million for the quarter.

PennantPark's debt portfolio, which consists of approximately 99% variable-rate investments, grew significantly during the quarter. The company invested $208.1 million in new and existing portfolio companies, while sales and repayments of investments totaled $145.8 million. This included $51.8 million of sales to the PennantPark Senior Secured Loan Fund I LLC (PSSL).

The increase in investment income for the quarter was primarily due to the growth in the debt portfolio. Expenses also increased, driven by higher interest expense from increased borrowings and an increase in base management fees and incentive fees as a result of the expanded investment portfolio.

Overall, PennantPark's Q3 2025 results indicate a strong performance, with a focus on growing the debt portfolio and enhancing net investment income through strategic partnerships and investments.

References:
[1] https://www.morningstar.com/news/globe-newswire/9510298/pennantpark-floating-rate-capital-ltd-announces-financial-results-for-the-third-quarter-ended-june-30-2025