New Mountain Finance | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 80.53 M

Revenue: As of FY2025 Q3, the actual value is USD 80.53 M, missing the estimate of USD 83.66 M.

EPS: As of FY2025 Q3, the actual value is USD 0.11, missing the estimate of USD 0.316.

EBIT: As of FY2025 Q3, the actual value is USD 43.94 M.

Net Investment Income

• Net investment income for Q3 2025 was $33.9 million, or $0.32 per weighted average share, compared to $0.33 per share in Q3 2024.

Net Asset Value

• Net asset value per share was $12.06 as of September 30, 2025, down from $12.21 as of June 30, 2025.

Portfolio Composition

• The investment portfolio had a fair value of $2,957.1 million as of September 30, 2025, with investments in 127 portfolio companies.
• The portfolio’s senior-oriented asset mix increased to 80% from 75% as of September 30, 2024.

Risk Rating

• Approximately 95% of the portfolio was rated green on the internal heatmap, indicating investments in line with or above expectations.

Liquidity and Capital Resources

• As of September 30, 2025, the company had cash and cash equivalents of $63.7 million and total statutory debt outstanding of $1,588.9 million.
• The statutory debt to equity ratio was 1.26x, or 1.23x net of available cash.

Outlook / Guidance

• The company is exploring a secondary portfolio sale of up to $500 million of assets to further strategic initiatives around reducing PIK income, diversifying the portfolio, and enhancing financial flexibility.
• Management remains confident in the company’s ability to deliver consistent enhanced yield with a strong margin of safety.
• A new stock repurchase plan was established, authorizing the repurchase of up to $100 million worth of common shares, doubling the capacity compared to the original plan.