PhenixFIN Corporation Announces Third Quarter 2026 Financial Results

With Internalized Management Team NAV/Share reaches Six Year High of $81.69

NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the "Company"), a publicly traded business development company, today announced its financial results for the third fiscal quarter of 2026.

Highlights

Third quarter total investment income of $6.5 million; net investment income of $2.1 million
Net asset value (NAV) of $157.9 million, or $81.69 per share as of June 30, 2026 vs $79.56 per share as of March 31, 2026
Weighted average yield was 13.2% on debt and other income producing investments
A special dividend of $0.07 per share was paid on May 28, 2026, to stockholders of record as of May 18, 2026

David Lorber, Chief Executive Officer of the Company, stated:

“Credit quality across our portfolio remained resilient this quarter amid persistent macroeconomic volatility. We continue to source attractive private credit opportunities while optimizing our platform, with continued focus on enhancing long-term shareholder value.”

Selected Third Quarter 2026 Financial Results for the Quarter Ended June 30, 2026:

Total investment income was $6.5 million of which $6.2 million was attributable to portfolio interest, dividend income and PIK interest and $0.3 million was attributable to fee and other income.

Total expenses were $4.4 million and total net investment income was $2.1 million.

The Company recorded a net realized gain of $0.4 million and net unrealized gain of $1.8 million.

Portfolio and Investment Activities for the Quarter Ended June 30, 2026:

The fair value of the Company's investment portfolio totaled $301.6 million and consisted of 31 portfolio companies.

Liquidity and Capital Resources

At June 30, 2026, the Company had $2.2 million in cash and cash equivalents, $57.5 million in aggregate principal amount of its 5.25% unsecured notes due 2028 and $90.0 million outstanding under the Credit Facility.

ABOUT PHENIXFIN CORPORATION

PhenixFIN Corporation is a non-diversified, internally managed closed-end management investment company incorporated in Delaware that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. We completed our initial public offering and commenced operations on January 20, 2011. The Company has elected, and intends to qualify annually, to be treated, for U.S. federal income tax purposes, as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Effective January 1, 2021, the Company operates under an internalized management structure.

SAFE HARBOR STATEMENT AND OTHER DISCLOSURES

This press release contains “forward-looking” statements. Such forward-looking statements reflect current views with respect to future events and financial performance, and the Company may make related oral forward-looking statements on or following the date hereof. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, including among other things, PhenixFIN’s ability to deliver long-term value to shareholders, increase investment activity, increase net investment income, implement its investment strategy and achieve its investment objective, source and capitalize on investment opportunities, grow its net asset value and perform well in the prevailing market environment, the ability of our portfolio companies to perform well and generate income and other factors that are enumerated in the Company’s periodic filings with the Securities and Exchange Commission. PhenixFIN Corporation disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release.

Past performance is not a guarantee of future results. The press release contains unaudited financial results. For ease of review, we have excluded the word "approximately" when rounding the results. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of PhenixFIN Corporation’s common stock. There can be no assurance that PhenixFIN Corporation will achieve its investment objective.

For PhenixFIN investor relations, please call 212-859-0390. For media inquiries, please contact info@phenixfc.com.


PHENIXFIN CORPORATION Consolidated Statements of Assets and Liabilities

	June 30, 2026 (Unaudited)			September 30, 2025
Assets:
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $133,498,823 and $139,342,491, respectively)	$	136,419,212		$	145,280,169
Affiliated investments (amortized cost of $38,802,355 and $35,390,223, respectively)		36,682,577			35,381,405
Controlled investments (amortized cost of $155,112,950 and $149,656,451, respectively)		128,535,521			121,610,914
Total Investments at fair value		301,637,310			302,272,488
Cash and cash equivalents		2,178,083			7,289,371
Receivables:
Interest receivable		1,421,515			1,203,404
Other receivable		—			44,971
Dividends receivable		61,200			42,950
Other assets		2,389,994			2,746,775
Deferred tax asset, net		670,560			1,234,847
Deferred financing costs		1,185,184			1,384,767
Due from Affiliate		258,310			572,331
Prepaid share repurchase		84,797			96,342
Receivable for investments sold		—			21,549
Total Assets	$	309,886,953		$	316,909,795

Liabilities:
Credit facility and notes payable (net of debt issuance costs of $781,263 and $1,141,393, respectively)	$	146,710,356		$	148,011,724
Accounts payable and accrued expenses		1,427,432			4,226,889
Other liabilities		2,463,039			2,439,405
Interest and fees payable		1,121,388			1,187,574
Taxes payable		77,509			137,538
Due to Affiliate		126,936			132,365
Administrator expenses payable (see Note 6)		97,386			—
Total Liabilities		152,024,046			156,135,495

Commitments and Contingencies (see Note 8)

Net Assets:
Common Shares, $0.001 par value; 5,000,000 shares authorized; 2,723,709 shares issued; 1,932,473 and 2,003,769 common shares outstanding, respectively		1,932			2,004
Capital in excess of par value		701,284,360			704,640,648
Total distributable earnings (loss)		(543,423,385	)		(543,868,352	)
Total Net Assets		157,862,907			160,774,300
Total Liabilities and Net Assets	$	309,886,953		$	316,909,795

Net Asset Value Per Common Share	$	81.69		$	80.24

PHENIXFIN CORPORATION Consolidated Statements of Operations (Unaudited)

	For the Three Months Ended June 30,						For the Nine Months Ended June 30,
	2026			2025			2026			2025
Interest Income:
Interest from investments
Non-controlled, non-affiliated investments:
Cash	$	2,437,421		$	3,758,928		$	7,237,718		$	9,708,993
Payment in-kind		349,010			213,590			627,201			832,055
Affiliated investments:					-
Cash		582,491						1,884,957			-
Payment in-kind		314,673			-			764,594			-
Controlled investments:					-
Cash		671,985			607,929			1,843,148			1,822,914
Total interest income		4,355,580			4,580,447			12,357,618			12,363,962
Dividend income
Non-controlled, non-affiliated investments		420,369			247,322			1,644,616			1,221,852
Affiliated investments		-			-			268,540			254,231
Controlled investments		1,391,618			617,056			3,298,977			3,597,022
Total dividend income		1,811,987			864,378			5,212,133			5,073,105
Interest from cash and cash equivalents		28,038			27,804			132,275			132,557
Fee income (see Note 9)		255,318			684,330			607,525			822,841
Total Investment Income		6,450,923			6,156,959			18,309,551			18,392,465

Expenses:
Interest and financing expenses		2,319,759			2,660,472			7,060,672			7,785,246
Salaries and benefits		1,078,675			1,237,767			3,064,684			3,451,438
Professional fees, net		285,347			304,540			1,085,619			1,300,518
General and administrative expenses		355,438			398,494			1,078,416			928,026
Directors fees		152,500			204,000			525,928			612,000
Administrator expenses (see Note 6)		109,123			106,740			320,407			303,924
Insurance expenses		74,812			87,460			224,436			262,379
Total expenses		4,375,654			4,999,473			13,360,162			14,643,531
Net Investment Income		2,075,269			1,157,486			4,949,389			3,748,934

Realized and unrealized gains (losses) on investments
Net realized gains (losses):
Non-controlled, non-affiliated investments		411,093			(1,665,458	)		(17,385	)		(1,561,801	)
Affiliated investments		(334	)		(10,320,353	)		3,162			(10,320,353	)
Controlled investments		-			-			-			-
Total net realized gains (losses)		410,759			(11,985,811	)		(14,223	)		(11,882,154	)
Net change in unrealized gains (losses):
Non-controlled, non-affiliated investments		1,124,905			(18,517	)		(3,017,289	)		1,973,193
Affiliated investments		(1,067,771	)		8,379,055			(2,110,960	)		7,397,502
Controlled investments		1,767,513			914,813			1,468,108			(892,789	)
Total net change in unrealized gains (losses)		1,824,647			9,275,351			(3,660,141	)		8,477,906
Deferred tax benefit (expense)		(86,737	)		55,511			(676,181	)		(274,125	)
Loss on Extinguishment of Debt (see Note 5)		-			-			(12,314	)		-
Total realized and unrealized gains (losses)		2,148,669			(2,654,949	)		(4,362,859	)		(3,678,373	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	4,223,938		$	(1,497,463	)	$	586,530		$	70,561

Weighted average basic and diluted earnings per common share	$	2.19		$	(0.74	)	$	0.30		$	0.03
Weighted average common shares outstanding - basic and diluted (see Note 11)		1,932,597			2,017,330			1,969,108			2,018,962

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