Mar. 13 at 11:52 AM
$CION
Earnings
The company reported total investment income of
$252.4 million, an increase from
$251.0 million in the previous year. The increase was primarily driven by higher transaction fees on investments
Operating expenses, including management fees, administrative services, and interest expenses, totaled
$156.6 million, up from
$146.0 million in the previous year. The increase was mainly due to higher interest expenses resulting from increased borrowings
Net investment income after taxes decreased to
$95.9 million from
$105.0 million in the previous year, primarily due to increased interest expenses.
The company recorded a net realized loss on investments and foreign currency of
$28.3 million, compared to a loss of
$31.9 million in the previous year, mainly from realized losses on the restructuring and write-off of certain investments.
The company's investment portfolio at fair value was
$1.82 billion as of December 31, 2024, with investments in 105 portfolio companies.
