Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 14

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 investments and other. Net gains (losses) on derivatives was ($92.3) million for the three months ended September 30, 2025 compared to ($1.8) billion for the same period in 2024. Net interest income for the three months ended September 30, 2025 was $275.8 million, compared to $13.4 million for the same period in 2024. Net servicing income for the three months ended September 30, 2025 was $126.3 million, compared to $109.6 million for the same period in 2024. Net gains (losses) on investments and other was $561.9 million for the three months ended September 30, 2025, compared to $1.7 billion for the same period in 2024.

Net income (loss) was $1.0 billion, which includes $20.0 million attributable to noncontrolling interests, or $1.45 per average basic common share, for the nine months ended September 30, 2025, compared to $538.7 million, which includes $18.8 million attributable to noncontrolling interests, or $0.80 per average basic common share, for the same period in 2024. We attribute the majority of the change in net income (loss) to favorable changes in net gains (losses) on investments and other, net interest income, and net servicing income, partially offset by an unfavorable change in net gains (losses) on derivatives. Net gains (losses) on investments and other was $1.5 billion for the nine months ended September 30, 2025, compared to $160.8 million for the same period in 2024. Net interest income for the nine months ended September 30, 2025 was $768.9 million, compared to $60.5 million for the same period in 2024. Net servicing income for the nine months ended September 30, 2025 was $379.7 million, compared to $320.4 million for the same period in 2024. Net gains on derivatives for the nine months ended September 30, 2025 was ($1.5) billion, compared to $53.6 million for the same period in 2024. Refer to the section titled “Other income (loss)” located within this Item 2 for additional information related to these changes.

Non-GAAP

Earnings available for distribution were $519