Runway Growth Finance Corporation ( (RWAY) ) has released its Q4 earnings. Here is a breakdown of the information Runway Growth Finance Corporation presented to its investors.
Runway Growth Finance Corporation is a specialty finance company providing flexible capital solutions to late- and growth-stage companies, focusing on alternatives to raising equity in the financial sector. In its latest earnings report, Runway Growth Finance Corp. announced a total investment income of $33.8 million for the fourth quarter of 2024, with a net investment income of $14.6 million. The company’s investment portfolio reached a fair value of $1.1 billion, reflecting its strategic investments and financial activities throughout the year.
The company reported a net asset value of $514.9 million, or $13.79 per share, and a dollar-weighted annualized yield on debt investments of 14.7% for the quarter. Runway Growth completed two new investments and five in existing portfolio companies, totaling $154 million in funded investments. Additionally, the company repurchased over half a million shares of its common stock during the fourth quarter.
For the fiscal year 2024, Runway Growth’s total investment fundings amounted to $330.5 million, with a low credit loss ratio, highlighting its strong risk management practices. The company also declared a regular dividend of $0.33 per share and a supplemental dividend of $0.03 per share for the first quarter of 2025.
Looking ahead, Runway Growth’s management is optimistic about the future, emphasizing its strategy to optimize the portfolio and enhance origination channels. The recent combination with BC Partners Credit is expected to further diversify the company’s portfolio and maximize investment opportunities, positioning Runway Growth for continued success in the dynamic macroeconomic environment.