PhenixFIN (US:PFX) Globenewswire·2025-08-06 20:16Core Viewpoint - PhenixFIN Corporation reported solid performance in its investment portfolio despite a volatile macroeconomic environment, highlighting strong origination activities and successful monetization of legacy investments [2][3]. Financial Results - Total investment income for the third quarter ended June 30, 2025, was $6.2 million, with $5.5 million from portfolio interest and dividend income, and $0.7 million from fees and other income [2][8]. - Total net expenses amounted to $5.0 million, resulting in a net investment income of $1.2 million [3][8]. - The company recorded a net realized loss of $12.0 million and a net unrealized gain of $9.3 million during the quarter [3]. Portfolio and Investment Activities - The fair value of the investment portfolio was $294.4 million, comprising 34 portfolio companies as of June 30, 2025 [4][8]. - The weighted average yield on debt and other income-producing investments was 12.66% [8]. Liquidity and Capital Resources - As of June 30, 2025, the company had $7.3 million in cash and cash equivalents, $59.2 million in unsecured notes due 2028, and $87.0 million outstanding under its credit facility [5][8]. - The net asset value (NAV) was reported at $157 million, or $78.20 per share [8][15]. Changes in Financial Position - The company amended its credit facility to $100 million with a $50 million accordion feature, reducing pricing to SOFR+2.50% and extending maturity to April 17, 2030 [8]. - Total assets were $306.8 million, with total liabilities of $150.1 million, resulting in total net assets of $156.7 million [13][15]. Earnings Performance - The company reported a net increase (decrease) in net assets resulting from operations of $(1.5) million for the quarter [18]. - The weighted average basic and diluted earnings per common share was $(0.74) for the quarter [18].