Kkr Credit Income Fund (KKC) H2 2025 earnings summary

Executive summary

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

• Operating profit for the year was $60.1 million, down 38.7% compared to the prior 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 48% exposure to European Direct Lending and 87% in senior assets.

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

Financial highlights

• Total investment income was $70.3 million, down 38.2% year-over-year.

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

• Distributions paid and payable totaled $64.6 million for the year.

• Earnings per unit were 18.64 cents, down from 30.39 cents in the prior year.

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

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% dividend yield based on the 30 June 2025 price.

• The Fund expects to maintain its current allocation to European Direct Lending and floating rate assets.

• Management remains focused on maintaining attractive carry and opportunistically investing in dislocated credits.