Clairvest (CVG) Q3 2025 earnings summary

Executive summary

• Book value increased to $1,234.3 million ($86.78 per share) as of December 31, 2024, up from $1,196.9 million ($84.06 per share) at September 30, 2024.

• Net income for Q3 2025 was $38.5 million ($2.70 per share), driven by investment realizations and portfolio valuation gains.

• Nine-month net income reached $101.3 million ($7.00 per share), reflecting strong investment performance and foreign exchange gains.

Financial highlights

• Net investment gain for Q3 2025 was $22.3 million, compared to a loss of $19.1 million in Q3 2024.

• Total assets as of December 31, 2024, were $1,408.7 million, up from $1,342.1 million at March 31, 2024.

• Book value per share rose to $86.78 from $80.16 at March 31, 2024.

• Distributions, interest income, dividends, and fees totaled $27.3 million for the quarter.

Outlook and guidance

• Focus remains on value creation within existing investments and strategic deployment of capital in CEP VII.

• Management highlights ongoing commitment to partnering with entrepreneurs and building significant businesses.