Volta Finance Limited Net Asset Value(s) as at 31 December 2025

Core Viewpoint - Volta Finance Limited reported a net return of +0.3% for December 2025, bringing the year-to-date performance to +2.7%, which is significantly lower than the returns of US High Yield bonds at +8.5% and Euro High Yield bonds at +5.2% during the same period [4]. Performance and Portfolio Activity - The performance in December was influenced by cautious central banks and mixed macroeconomic signals, with the US Federal Reserve cutting interest rates by 25 basis points while maintaining a data-dependent approach [5]. - The Morningstar LSTA Leveraged Loan Indices recorded returns of +0.65% in the US and +0.48% in Europe, indicating stable performance compared to November [6]. - Volta Finance took advantage of market conditions by investing €6.0 million in new positions, focusing on both new issues and secondary markets, and targeting a mix of shorter and longer duration profiles [7]. - The fund generated approximately €25 million in cash flow, representing about 19% of December's NAV on an annualized basis [7]. - As of December 2025, Volta's NAV was reported at €259.3 million, equating to €7.09 per share [8].