Pennantpark Floating Rate Capit ( (PFLT) ) has released its Q4 earnings. Here is a breakdown of the information Pennantpark Floating Rate Capit presented to its investors.
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PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt. The company is managed by PennantPark Investment Advisers, LLC, a leading middle-market credit platform.
In its latest earnings report for the fourth quarter and fiscal year ended September 30, 2025, PennantPark Floating Rate Capital Ltd. reported a net investment income of $27.5 million for the quarter and $107.2 million for the year. The company declared distributions of $0.31 per share for the quarter and $1.23 per share for the year, maintaining a stable dividend policy supported by growing net investment income.
Key financial highlights include an investment portfolio totaling $2,773.3 million, with a weighted average yield on debt investments of 10.2%. The company also reported a net asset value per share of $10.83, reflecting a quarterly change of -1.2%. The regulatory debt to equity ratio stood at 1.66x, and the company invested significantly in new and existing portfolio companies throughout the year.
The company announced the formation of a new joint venture, PennantPark Senior Secured Loan Fund II, LLC, expected to invest in middle-market loans. This strategic move is projected to enhance the company’s core net investment income and support its growth objectives.
Looking ahead, PennantPark Floating Rate Capital Ltd. remains confident in the resilience of its portfolio and expects to maintain its dividend policy, supported by stable net investment income and spillover income. The company continues to focus on core middle-market investments, which offer attractive credit spreads and lower leverage.