PennantPark Investment Corporation announced its financial results for the quarter ended March 31, 2025. The company reported an investment portfolio valued at $1.2136 billion and net assets totaling $488.1 million. The GAAP net asset value per share was reported at $7.48, reflecting a quarterly decrease of 1.2%. The adjusted net asset value per share also stood at $7.48, showing the same quarterly change of -1.2%. The company's credit facility was reported at $311.4 million, and the 2026 Notes stood at $149 million. Core net investment income (Core NII), a non-GAAP measure that excludes one-time or non-recurring investment income and expenses, was disclosed, excluding $0.3 million of credit facility amendment cost and $0.1 million of incentive fee expense offset. For the three months ended March 31, 2025, the company generated $14.987 million in interest income from non-controlled, non-affiliated investments, a decrease from $22.904 million in the same period of the previous year. Dividend income for the quarter was $499,000, compared to $623,000 in the prior year. Other income was reported at $120,000, down from $778,000 in the previous year. Overall, PennantPark's results reflect a decrease in certain income streams compared to the same period in the previous year.
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