PhenixFIN Corporation Announces First Quarter 2026 Financial Results

Core Viewpoint - PhenixFIN Corporation reported solid investment income for the first fiscal quarter of 2026, with a weighted average yield of 12.52% on income-producing investments, despite some mark-to-market declines in equity positions due to company-specific issues [2][3]. Financial Results - Total investment income for the quarter ended December 31, 2025, was $6.7 million, with $6.5 million from portfolio interest and dividend income and $0.2 million from fee and other income [3][8]. - Total net expenses were $4.5 million, resulting in a net investment income of $2.1 million [3][17]. - The company recorded a net realized gain of $0.7 million and a net unrealized loss of $7.2 million during the quarter [3][17]. Portfolio and Investment Activities - The fair value of the investment portfolio was $295.6 million, consisting of 33 portfolio companies, with one company on non-accrual status valued at $0.0 million [4][8]. - The net asset value (NAV) as of December 31, 2025, was $155.8 million, or $77.92 per share [8][14]. Liquidity and Capital Resources - As of December 31, 2025, the company had $3.4 million in cash and cash equivalents, $57.5 million in unsecured notes due 2028, and $90.0 million outstanding under the Credit Facility [5][12].