PhenixFIN (PFX) Q4 2024 earnings summary

Executive summary

• NAV per share increased 12% year-over-year, reaching $79.37 as of September 30, 2024.

• Acquisition of approximately 80% of The National Security Group, Inc. completed on October 1, 2024.

• Portfolio consisted of 41 companies with a fair value of $227.9 million at quarter end.

Financial highlights

• Q4 total investment income was $5.6 million; net investment income was $0.5 million.

• Net realized gain of $0.2 million and net unrealized gain of $4.6 million recorded in Q4.

• Fiscal year total investment income reached $22.2 million; net investment income was $4.7 million.

• Net assets totaled $160.3 million as of September 30, 2024, up from $146.7 million a year earlier.

• Weighted average yield on debt and income-producing investments was 12.3% at fiscal year end.

Outlook and guidance

• Management expressed optimism about growth prospects following the NSG acquisition and continued execution of investment strategy.