Kkr Credit Income Fund (KKC) investor relations material

Executive summary

• Net assets attributable to unitholders were $790.7 million as of 30 June 2025, a decrease of 0.57% year-over-year.

• Total investment income for the year was $70.3 million, down 38.15% from the prior year.

• Operating profit for the year was $60.1 million, a 38.67% decrease compared to the previous year.

• The Fund maintained a monthly distribution of 1.67 cents per unit, totaling 20.04 cents per unit for the year.

• The Fund's portfolio is diversified across more than 240 issuers, with 87% in senior assets and 75% in floating rate instruments.

Financial highlights

• Net tangible assets per unit were $2.4517 at 30 June 2025, compared to $2.4657 at 30 June 2024.

• Total assets increased to $826.2 million from $819.9 million year-over-year.

• Distributions paid and payable for the year totaled $64.6 million, unchanged from the prior year.

• Basic and diluted earnings per unit were 18.64 cents, down from 30.39 cents in the previous year.

• Management fees for the year were $7.1 million; performance fees were nil at year-end (prior year: $5.6 million).

Outlook and guidance

• The Fund targets a distribution of 1.67 cents per month (20.0 cents per annum per unit) for FY2026, translating to an 8.7% yield based on the 30 June 2025 price.

• The DRP, suspended during FY2025, will be reinstated from July 2025, allowing unitholders to reinvest distributions.

• The Fund expects to maintain its current allocation to European Direct Lending and focus on thematic capital markets activity to drive returns.