NMFC reported a difficult Q3 2025, characterized by declining profitability, significant investment markdowns, and material credit stress.
Financial Performance & Metrics (9 Months Ended 9/30/2025): Net Asset Value (NAV) per share fell to \(12.06 from \)12.55 at year-end. Nine-month Net Investment Income (NII) decreased to \(103.3M (\)0.96/share) from \(111.4M. The period was heavily impacted by investment performance, recording net realized/unrealized losses of \)(59.5M)\(, driven by \)111.2M in unrealized depreciation during Q3 alone. Total Return based on market value was negative at (6.24)%.
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