Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 442

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 442
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 2024Investments in 48 and 67 new and existing portfolio companies, respectively$370.5 $777.2 Debt repayments in existing portfolio companies461.6 546.7 Sales of securities in 7 and 3 portfolio companies, respectively57.6 11.0 Change in unrealized appreciation on 40 and 73 portfolio companies, respectively12.5 84.3 Change in unrealized depreciation on 87 and 59 portfolio companies, respectively(123.7)(62.5)

Recent Accounting Standards Updates

See Item 1.—Financial Statements and Supplementary Data—Note 13. Recent Accounting Standards Updates in this Quarterly Report on Form 10-Q for details on recent accounting standards updates.

Results of Operations for the Three Months Ended September 30, 2025 and September 30, 2024 

Revenue

 Three Months Ended(in thousands)September 30, 2025September 30, 2024Total interest income$59,403 $72,838 Total dividend income19,252 20,293 Other income1,874 2,196 Total investment income$80,529 $95,327 

Our total investment income decreased by approximately $14.8 million, or 16%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. For the three months ended September 30, 2025, total investment income of approximately $80.5 million consisted of approximately $50.0 million in cash interest from investments, approximately $7.6 million in PIK interest from investments, approximately $0.2 million of prepayment fees, net amortization of purchase premiums and discounts of approximately $1.7 million, approximately $11.9 million in cash dividends from investments, approximately $7.2 million in non-cash dividends from investments and approximately $1.9 million in other income. The decrease in interest income of approximately $13.4 million during the three months ended September 30, 2025 as compared to the three months ended September 30, 2024 was primarily due to a lower invested asset base, along with slightly lower yields on the portfolio. The decrease in dividend income of approximately $1.0 million during the three months ended September 30, 2025 as compared to the three months ended September 30, 2024 was was primarily due to decrease in equity