)

BioPharma Credit (BPCR) investor relations material
BioPharma Credit H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Portfolio valued at $1.2bn across 15 transactions as of September 2025, focused on senior secured loans to commercial-stage life sciences companies.
Achieved net income of $72.8m for H1 2025, with net income per share rising to $0.0633 from $0.0576 year-over-year.
Consistent annualized dividends per share since IPO, with interim dividends meeting the $0.070 target for nearly seven years.
Investment manager Pharmakon Advisors has a strong track record, with $10.3bn committed across 65 investments and a 10.3% unlevered weighted average net IRR on four fully realized private funds.
Returned $89.5m to shareholders via dividends and share buybacks, representing 7.8% of NAV.
Financial highlights
Net income per share rose to $0.0633 as of 30 June 2025, up from $0.0576 year-over-year.
NAV per share increased to $1.0186 from $0.9963 at year-end 2024.
Net assets stood at $1,150.3m, down from $1,181.7m at year-end 2024.
Share price remained flat at $0.8840, with a 13.2% discount to NAV.
Ongoing charges (excluding performance fee) were 0.6% of average net assets; including performance fee, 1.0%.
Outlook and guidance
Targeting a total net return on NAV of 8-9% per annum over the medium term.
Plans to continue paying a $0.07 annual dividend plus a variable special dividend.
$164m in cash available for new investments at 30 June 2025.
Investment pipeline expected to grow as new products and companies enter the market in H2 2025 and beyond.
Anticipates continued strong demand for non-dilutive debt as equity and convertible bond issuance remains subdued.
Next BioPharma Credit earnings date

Next BioPharma Credit earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage