PennantPark Investment Q3 FY26 net investment income falls to $8.9 million; net asset value per share drops 2.5% to $6.56
PNNT•Q3 FY26 results
- PennantPark Investment posted net investment income of $8.9 million, down 24.77% year over year; net investment income per share fell to $0.14.
- Net increase in net assets from operations slid to $4.47 million from $8.15 million a year earlier; NAV per share eased 2.5% quarter over quarter to $6.56.
- Total investment income dropped to $24.77 million from $29.56 million, primarily due to a smaller portfolio and lower yields on debt investments.
- Net realized gains were $12.03 million versus a loss of $476,000 a year earlier, while net unrealized depreciation on investments and debt widened to $16.43 million.
Management commentary and credit quality
Art Penn said credit quality remains healthy, with a focus on rotating out of equity into income-producing debt; non-accruals were 2.5% of cost and 0.8% of fair value.
