Perpetual Credit Income Trust (PCI) investor relations material

Executive summary

• Net assets attributable to unitholders rose 20.7% year-over-year to $532.8 million as of 30 June 2025.

• Profit for the year was $37.6 million, down 11.3% from the prior year, reflecting lower net portfolio performance (7.3% vs. 10.2% last year).

• The Trust maintained its investment objective of providing monthly income through a diversified credit and fixed income portfolio.

• A capital raising in July-August 2024 brought in $93 million, increasing the Trust’s size and liquidity.

Financial highlights

• Total investment income was $42.3 million, down 8.6% year-over-year.

• Distributions paid and payable totaled $40.1 million (8.27 cents per unit), up from $35.6 million (8.87 cents per unit) last year.

• Net tangible assets per unit at 30 June 2025 were $1.096, a slight decrease from $1.100 a year earlier.

• Basic and diluted earnings per unit were 7.80 cents, down from 10.49 cents in the prior year.

Outlook and guidance

• The Trust remains defensively positioned with a short weighted average life (3.1 years) and broad diversification across 149 assets and 87 issuers.

• Market conditions are described as finely balanced, with ongoing uncertainty in US trade/fiscal policy and domestic monetary policy.

• The Trust aims to continue delivering stable income and exploiting relative value opportunities as they arise.