The earnings call presented a mixed picture with notable achievements in CLO activities and income generation, but these were offset by significant unrealized losses and a decline in net asset value. The company's strong diversification strategy and high dividend yield were positive aspects, yet the market volatility and resulting financial losses were concerning.

Company Guidance

During the fourth fiscal quarter ended March 31, 2025, Sound Point Meridian Capital Inc. reported a net investment income (NII) of $13.4 million or $0.66 per share, alongside a net realized loss on exited investments of $0.08 per share. The company declared dividends amounting to $0.72 per share, despite a decrease in the net asset value per share from $20.52 on December 31, 2024, to $18.78 by the end of March 2025, primarily due to unrealized losses linked to political uncertainties. The quarter saw approximately $70.6 million deployed in six CLO warehouse investments, with four CLO equity investments purchased at a cost of $16.9 million and a weighted average GAAP yield of 16.15%. For the fiscal year, Sound Point Meridian Capital invested $291.8 million across new issue transactions, refinancings, and secondary purchases, achieving an annual NII of $2.22 per share against distributions of $2.08 per share. As of March 31, 2025, the company held a diversified portfolio across 75 CLO investments with a weighted average GAAP yield of 14.0%, and maintained a $100 million revolving credit facility and a $57.5 million Series A preferred offering. The estimated net asset value per common share was $17.55 as of April 30, 2025, with monthly distributions for Q3 2025 remaining at $0.25 per share.

Net Investment Income Growth

Sound Point Meridian Capital reported net investment income of $13.4 million or $0.66 per share for the quarter.

Strong CLO Activity

The company deployed $70.6 million in six CLO warehouse investments and participated in 18 CLO warehouses for the fiscal year.

Diversified Portfolio Strategy

The portfolio was diversified across 75 CLO investments managed by 23 CLO managers, with over 1,500 loan issuers across 30 plus industries.

Revolving Credit Facility

The company entered into a two-year $100 million revolving credit facility at a floating rate of SOFR plus 3.75%.

Series A Preferred Offering

Issued a five-year $57.5 million Series A preferred offering with an 8% stated rate, resulting in net proceeds of $55.7 million.

High Dividend Yield

Declared monthly income distributions of $0.25 per share, representing an annualized dividend yield of 15%.

Sound Point Meridian Capital, Inc. (SPMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SPMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 18, 2026	2026 (Q3)	- / -	0.62	―	―	―
Aug 12, 2025	2026 (Q2)	0.54 / 0.53	0.08	562.50% (+0.45)	―	―
May 29, 2025	2025 (Q4)	0.60 / 0.66	―	―	―	―
Feb 12, 2025	2025 (Q3)	0.51 / 0.62	―	―	―	―
Nov 13, 2024	2025 (Q2)	0.65 / 0.86	―	―	―	―
Aug 15, 2024	2024 (Q2)	- / 0.08	―	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	$18.08	$18.00	-0.44%
May 29, 2025	$17.27	$17.46	+1.10%
Feb 12, 2025	$19.19	$19.69	+2.61%
Nov 13, 2024	$17.72	$17.71	-0.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sound Point Meridian Capital, Inc. (SPMC) report earnings?

Sound Point Meridian Capital, Inc. (SPMC) is schdueled to report earning on Feb 18, 2026, Before Open (Confirmed).

What is Sound Point Meridian Capital, Inc. (SPMC) earnings time?

Sound Point Meridian Capital, Inc. (SPMC) earnings time is at Feb 18, 2026, Before Open (Confirmed).

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