PhenixFIN (PFX) investor relations material

Executive summary

• Net asset value per share increased to $81.69 as of June 30, 2026, reaching a six-year high, with net assets totaling $157.9 million at quarter-end.

• Portfolio fair value remained stable at $301.6 million across 31 portfolio companies, with 91.6% of investments rated as performing within or above expectations.

• The company continues to operate as an internally managed BDC and maintains RIC status for tax purposes.

• Credit quality remained resilient amid macroeconomic volatility, with a continued focus on private credit opportunities.

Financial highlights

• For the quarter ended June 30, 2026, total investment income was $6.5 million, with $6.2 million from portfolio interest, dividends, and PIK interest.

• Net investment income for the quarter was $2.1 million, a 79% increase from $1.16 million in the prior year quarter.

• Net increase in net assets from operations was $4.22 million for the quarter.

• Weighted average yield on debt and income-producing investments was 13.2% as of June 30, 2026.

• A special dividend of $0.07 per share was paid in May 2026.

Outlook and guidance

• The board approved a reduction in the minimum asset coverage ratio to 150%, effective May 2027, allowing for increased leverage.

• Management expects continued focus on income generation and capital appreciation, with ongoing monitoring of market volatility and interest rate risks.