PENNANTPARK INVESTMENT CORP

Listed Company

PNNTCIK 0001383414NYSEAcceleratedFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$32.73M

Total Assets

$1.35B

Equity

$463.95M

Shares Out

65.30M

Op. Cash Flow

$104.78M

Business

PennantPark Investment Corporation is a business development company (BDC) that invests in and manages debt and equity securities to generate current income and capital appreciation while seeking to preserve capital. It primarily provides first lien secured debt, second lien secured debt, subordinated debt and equity investments, and offers managerial assistance, due diligence, structuring and portfolio monitoring services through its investment adviser and administrator. Its operations include direct investing, wholly owned subsidiaries, an unconsolidated joint venture (PSLF) and an unconsolidated limited partnership as key investment vehicles. The company predominantly targets U.S. middle‑market companies across a wide range of industries and, to a limited extent, non‑U.S. issuers, deploying capital through privately negotiated transactions and co-investment arrangements.

Summary from filing dated 2025-11-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total investment income	122	144	145	105	82
Base management fee	16	17	17	20	17
Incentive fee	10	13	14	3	575,000
Interest and expenses on debt	41	45	39	29	23
Administrative services expenses	2	2	2	1	2
General and administrative expenses	4	5	4	3	2
Expenses before provision for taxes and financing costs	73	81	76	55	45
Provision for taxes on net investment income	3	3	4	800,000	600,000
Credit facility amendment and debt issuance costs (See Notes 5 and 11)	324,000	0	0	5	0
Net expenses	76	84	80	61	45
Net investment income	46	60	66	44	36
Net realized (gain) loss on debt extinguishment	0	0	−289,000	−3	0
Provision for taxes on realized gain on investments	26,000	186,000	−5	−6	0
Net realized gain (loss) on investments and debt	−52	−34	−157	35	30
Provision for taxes on unrealized appreciation (depreciation) on investments	0	−680,000	2	−896,000	0
Debt appreciation (depreciation) (See Notes 5 and 11)	−116,000	−4	−4	8	−18
Net change in unrealized appreciation (depreciation) on investments and debt	39	22	57	−103	100
Net realized and unrealized gain (loss) from investments and debt	−13	−11	−99	−69	130
Net increase (decrease) in net assets resulting from operations	33	49	−34	−25	167
Net increase (decrease) in net assets resulting from operations per common share	0.5	0.75	−0.52	−0.37	2.49
Net investment income per common share	0.71	0.92	1	0.66	0.54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2024 2024-09-30
Fair Value	1,287	—	—	—	1,328
Cash and cash equivalents (cost - $40,985 and $36,595, respectively)	52	—	—	—	50
Interest receivable	5	—	—	—	5
Distribution receivable	5	—	—	—	5
Due from affiliates	168,000	—	—	—	228,000
Prepaid expenses and other assets	375,000	—	—	—	269,000
Total assets	1,350	—	—	—	1,389
Truist Credit Facility payable, at fair value (cost-$426,456 and $461,456, respectively)	425	—	—	—	460
Payable for investment purchased	130	—	—	—	100
Interest payable on debt	6	—	—	—	6
Distributions payable	0	—	—	—	5
Base management fee payable	4	—	—	—	4
Incentive fee payable	2	—	—	—	3
Accounts payable and accrued expenses	4	—	—	—	4
Due to affiliate	0	—	—	—	33,000
Total liabilities	886	—	—	—	895
Commitments and contingencies (See Note 11)	—	—	—	—	—
Common stock, 65,296,094 and 65,296,094 shares issued and outstanding, respectively Par value $0.001 per share and 200,000,000 shares authorized	65,000	—	—	—	65,000
Paid-in capital in excess of par value	741	—	—	—	744
Accumulated deficit	−277	—	—	—	−250
Total net assets	464	—	—	—	494
Total liabilities and members' equity	1,350	—	—	—	1,389
Net asset value per share	7.11	7.52	7.48	7.57	7.56

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net change in unrealized (appreciation) depreciation on investments	−39	−27	−60	110	−118
Net change in unrealized depreciation on debt	116,000	4	4	−8	18
Net realized (gain) loss on investments	52	34	152	−44	−30
Net accretion of discount and amortization of premium	−3	−3	−7	−6	−4
Purchases of investments	−1,219	−1,044	−375	−934	−441
Payment-in-kind income	−8	−10	−4	−9	−15
Proceeds from dispositions of investments	1,258	825	419	912	434
Debt issuance costs	2	2	2	2	2
Interest receivable	0	2	−3	1	47,000
Receivables from investments sold	0	0	29	−17	−13
Distribution receivable	723,000	−338,000	−3	−726,000	−300,000
Due from affiliate	60,000	−228,000	0	0	—
Prepaid expenses and other assets	−105,000	4	−306,000	−4	376,000
Due to affiliates	−33,000	−4	2	2	—
Payable for investments purchased	30	147,000	100	−8	3
Interest payable on debt	−125,000	175,000	−33,000	1	3
Base management fee payable, net	−292,000	382,000	−934,000	269,000	211,000
Incentive fee payable	−971,000	−253,000	3	−575,000	575,000
Deferred tax liability	0	0	−896,000	896,000	0
Accounts payable and accrued expenses	289,000	−3	115,000	6	624,000
Net cash provided by (used in) operating activities	105	−172	223	−17	8
Distributions paid to stockholders	−68	−66	−46	−35	−32
Repayments of SBA debentures	0	0	−20	−44	−55
Borrowings under Truist Credit Facility	207	524	153	—	—
Repayments under Truist Credit Facility	−242	−275	−326	—	—
Net cash provided by (used in) financing activities	−103	183	−239	52	−13
Net increase (decrease) in cash and cash equivalents	2	11	−16	35	−6
Effect of exchange rate changes on cash	54,000	48,000	217,000	−332,000	67,000
Interest paid	40	43	38	25	17
Taxes paid	3	6	6	5	984,000
Non-cash exchanges and conversions	25	36	18	−100	17
Non-cash purchases and disposition of investments	26	0	0	—	—

Filings

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