Apollo Investment(AINV) - 2026 Q1 - Quarterly Results

Financial Performance - Net investment income per share for the quarter was $0.39, an increase of 5.4% from $0.37 for the quarter ended March 31, 2025[2] - Total investment income for the three months ended June 30, 2025, was $81,247, an increase of 17.5% compared to $69,156 for the same period in 2024[22] - Net investment income for the six months ended June 30, 2025, reached $70,680, up 21.7% from $58,084 in the prior year[22] - Earnings per share for the three months ended June 30, 2025, was $0.19, down from $0.35 in the same period of 2024[22] Asset and Liability Management - Total assets increased to $3.46 billion, up from $3.36 billion as of March 31, 2025[6] - Total assets increased to $3,461,883, up from $3,190,950 as of December 31, 2024, representing a growth of 8.5%[20] - The debt outstanding rose to $2.05 billion, compared to $1.94 billion in the previous quarter[6] - Debt increased to $2,051,654, a rise of 17.1% from $1,751,621 as of December 31, 2024[20] - The net leverage ratio increased to 1.44x as of June 30, 2025, up from 1.31x[6] Investment Activity - New investment commitments during the quarter totaled $262 million, with gross fundings of $254 million[2] - Net fundings for the quarter amounted to $144 million, reflecting a significant increase in investment activity[2] - The company expects a net repayment of approximately $90 million from Merx Aviation Finance, reducing its exposure to 2.8% of the total portfolio at fair value[3] Net Asset Value - Net asset value per share decreased to $14.75, down 1.2% from $14.93 as of March 31, 2025[2] - Net assets decreased to $1,375,921 from $1,404,646, reflecting a decline of 2.0%[20] Fees and Losses - Management fees increased to $6,079 for the three months ended June 30, 2025, compared to $4,389 in 2024, marking a rise of 38.5%[22] - Performance-based incentive fees decreased to $3,849 from $5,572, a decline of 30.9% year-over-year[22] - The company reported net realized losses of $17,238 for the three months ended June 30, 2025, compared to losses of $15,638 in the same period of 2024[22] - The net change in unrealized gains for the three months ended June 30, 2025, was a loss of $1,044, contrasting with a gain of $8,652 in the same period of 2024[22] Dividend Declaration - The company declared a dividend of $0.38 per share, payable on September 25, 2025[2] Portfolio Yield - The weighted average yield on the total portfolio was 9.2% as of June 30, 2025[17]