Cion Investment Corp. ( (CION) ) has released its Q3 earnings. Here is a breakdown of the information Cion Investment Corp. presented to its investors.
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CION Investment Corporation is a publicly listed business development company focused on generating income through senior secured loans to U.S. middle-market companies. In its third-quarter 2025 financial results, CION reported a net investment income of $0.74 per share and earnings of $0.69 per share, with a net asset value per share increasing to $14.86. The company announced a shift to monthly base distributions starting in 2026, aiming to better align with shareholder preferences.
Key financial highlights include a total investment income of $78.7 million, driven by higher interest income and transaction fees, and a net increase in net assets from operations amounting to $35.9 million. The company maintained a diverse investment portfolio valued at $1.74 billion across 91 companies, with a significant portion in senior secured first lien investments. Additionally, CION’s net debt-to-equity ratio improved to 1.28x from 1.39x in the previous quarter.
CION’s strategic moves included repurchasing 330,324 shares of common stock and funding new investment commitments of $65 million during the quarter. The company also experienced a net decrease in its funded portfolio by $69 million due to sales and repayments. Investments on non-accrual status slightly increased, reflecting ongoing portfolio adjustments.
Looking ahead, CION’s management remains optimistic about continued NAV appreciation and earnings growth, supported by active transaction activity and a strategic shift to monthly distributions. The company aims to enhance shareholder value while navigating the evolving financial landscape.