PennantPark Floating Rate Capital Reports Strong Q4 and Fiscal Year 2025 Results
Miami, Monday, 24 November 2025.
PennantPark Floating Rate Capital Ltd. revealed significant revenue growth and increased net investment income for Q4 and fiscal year 2025, highlighting robust performance despite economic challenges.
Overview of Financial Performance
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has reported its financial results for the fourth quarter and fiscal year ending September 30, 2025, showcasing notable improvements in both revenue and net investment income. The investment portfolio, valued at $2,773.3 million as of September 30, 2025, reflects the company’s strategic focus on first lien secured debt, which constitutes the majority of its assets [1].
Key Financial Metrics
During the fourth quarter of 2025, the company achieved a net investment income of $27.5 million, translating to $0.28 per share, indicating a stable performance in a volatile market environment [1]. For the fiscal year, net investment income reached $107.2 million or $1.16 per share, underscoring a substantial growth from the previous year [1]. This fiscal year’s total investment income climbed to $261.4 million, compared to $186.4 million in the prior year, representing a significant increase in earnings [1].
Investment Activity and Strategy
PennantPark’s investment strategy remains focused on the core middle market, which typically offers attractive credit spreads and lower risk profiles. The company invested $1,741.3 million in new and existing investments over the fiscal year, while sales and repayments amounted to $925.7 million, reflecting active portfolio management [1]. The strategic focus on middle-market loans is designed to capitalize on robust credit spreads and enhanced lender protections [1].
Market Position and Outlook
Looking ahead, PennantPark is optimistic about its continued growth and resilience. The company’s credit facility commitments of $718 million, with a revolving period ending in August 2028, positions it well for future opportunities [1]. Additionally, the formation of PennantPark Senior Secured Loan Fund II, LLC, a joint venture aimed at middle-market loans, is expected to further enhance its portfolio’s performance [1].