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PennantPark Floating Rate Capital Ltd.

PFLT Financial Asset Management

PennantPark Floating Rate Capital Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $261.4 million, up 40.3% from fiscal 2024.

Revenue
+4.07%
EPS
−57.9%
Free cash flow
+392.8%
Total debt
+5.58%

Quarter to June 2026, against a year earlier

6.83 0.00 0.00%
Market cap
$677.7M
P/E
13.4×
Fwd P/E
11.7×
Dividend yield
15.2%
F-score
1/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.89%

Capital & Financial Ratios $m

Size
Market Cap 677.66
Revenue ttm 271.11
Net income ttm 50.25
Free cash flow ttm (58.40)
Net debt Q 857.93
Valuation
P/E 13.37
Forward P/E 11.70
Price / sales 2.50
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.66
Financial health
Current ratio Q 0.19
Debt / equity Q 0.94
Interest coverage Q 2.04
Growth
Revenue growth Q +4.07% (above 0%: growing)
Operating income growth Q +4.54% (above 0%: growing)
EPS, this year −9.09% (below 0%: weak)
EPS, next year A +1.27%
Revenue, next year A +2.36%
EPS, past 5 yrs +8.90%
EPS, next 5 yrs A −3.45% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 52.76%
10-year low 10-year high
P/S against its own 10 years 1.61%
10-year low 10-year high
P/B against its own 10 years 2.90%
10-year low 10-year high

Dividends

Yield
15.2%
Annual rate
1.04
Payout ratio
203.4%
Growth, 2017–25
+0.95%/yr
  1. 1.14 ’17
  2. 1.14 ’18 +0
  3. 1.14 ’19 +0
  4. 1.14 ’20 +0
  5. 1.14 ’21 +0
  6. 1.24 ’22 +8
  7. 1.21 ’23 −2
  8. 1.23 ’24 +2
  9. 1.23 ’25 +0
  10. 1.14 ’26e −8
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 101 112 123 101
Receivables 10 12 14 13
Inventory — — — —
Other 1 1 — 6
112 125 139 122
2023 2024 2025 Q'26
Payables 36 494 741 359
ST’ Debt — — — —
Other — — — —
297 681 928 658

Compound Annual Growth %

10y 5y 3y
Sales 24.03% 22.32% 35.33%
Cash Flow 0.00% 0.00% 0.00%
Earnings 18.16% 29.23% 167.86%
Book Value 11.16% 17.62% 26.80%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.27 Actual 0.26

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.28 0.28 Met by 0.00
Q1 FY25 0.30 0.27 Miss by 0.03
Q2 FY26 0.28 0.27 Miss by 0.01
Q3 FY26 0.27 0.26 Miss by 0.01
Q4 FY26 0.27 — Reports 23 November 2026

EPS $

Dec Mar Jun Sep Year
’26 (0.04) 0.29 0.08 — —
’25 0.35 0.01 0.19 0.18 0.72
’24 0.38 0.51 0.25 0.29 1.40
’23 (0.04) 0.15 0.11 0.48 0.77
’22 0.37 0.18 (0.12) (0.34) 0.08
’21 0.67 0.30 0.38 0.11 1.46
’20 0.26 (0.54) 0.32 0.43 0.47
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 70 66 66 — —
’25 67 62 64 69 261
’24 38 44 49 56 186
’23 31 35 38 36 139
’22 26 25 26 29 105
’21 21 19 21 22 83
’20 25 26 23 22 95
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 149 24 103 — —
’25 (233) (118) (35) (335) (721)
’24 (182) (173) (155) (292) (801)
’23 6 9 47 78 141
’22 (82) (20) (10) 65 (47)
’21 55 62 7 (75) 50
’20 (66) (93) 96 58 (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 149 24 103 — —
’25 (233) (118) (35) (335) (721)
’24 (182) (173) (155) (292) (801)
’23 6 9 47 78 141
’22 (82) (20) (10) 65 (47)
’21 55 62 7 (75) 50
’20 (66) (93) 96 58 (5)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 46 59 72 93 95 83 105 139 186 261 271 +21.2% 268 267 254 (1.0%)
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 33 36 33 11 18 57 3 39 92 66 50 +7.9%
EBT margin, % 72.33 61.05 46.38 12.28 19.28 68.34 3.27 28.18 49.28 25.39 18.53 (46.9) pt
Net income 33 36 33 11 18 57 3 39 92 66 50 +7.9%
Per share, $
Per share, $ Revenue 1.73 1.97 1.89 2.40 2.46 2.13 2.57 2.74 2.84 2.83 2.73 +5.6%
Earnings 1.25 1.20 0.87 0.29 0.47 1.46 0.08 0.77 1.40 0.72 0.51 (5.9%)
Cash flow (6.19) (2.53) (5.44) (3.13) (0.13) 1.28 (1.13) 2.77 (12.19) (7.79) (0.59) +2.6%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow (6.19) (2.53) (5.44) (3.13) (0.13) 1.28 (1.13) 2.77 (12.19) (7.79) (0.59) +2.6%
Book value 14.06 15.12 13.99 12.97 12.31 12.66 12.84 12.86 13.35 11.61 10.26 (2.1%)
Shares, m 27 30 38 39 39 39 41 51 66 93 98 +14.8%
Valuation, ×
Valuation, × P/E 10.58 12.13 15.23 40.00 17.96 8.76 106.67 14.90 8.09 12.12 13.37 24.6
P/S 7.64 7.40 6.95 4.84 3.43 6.00 3.74 3.81 4.08 3.15 2.50 5.1
P/B 0.94 0.96 0.94 0.89 0.69 1.01 0.75 0.81 0.87 0.77 0.66 0.9
EV/Sales 7.01 7.09 5.95 6.57 5.18 8.12 5.39 4.71 6.43 6.15 — 6.3
EV/FCF (1.96) (5.50) (2.06) (5.03) (100.10) 13.48 (12.21) 4.67 (1.49) (2.23) — (11.2)
Cash, $m
Cash, $m Operating cash flow (165) (77) (208) (121) (5) 50 (47) 141 (801) (721) (58) +17.8%
Capex — — — — — — — — — — — —
Free cash flow (165) (77) (208) (121) (5) 50 (47) 141 (801) (721) (58) +17.8%
Balance, $m
Balance, $m Working capital (223) (267) (465) (357) (385) (399) (406) (184) (555) (790) (535) +15.1%
Net debt 203 238 396 161 167 176 175 126 437 786 858 +16.2%
Shareholders’ equity 376 458 536 503 477 491 527 654 877 1,075 1,018 +12.4%
Returns, %
Returns, % ROA 6.39 5.27 3.67 1.02 1.60 4.87 0.29 3.26 5.59 2.64 1.95 (3.7) pt
ROIC 2.95 3.00 2.08 4.28 4.21 3.72 4.33 5.41 3.70 3.60 3.51 +0.6 pt
ROE 8.94 8.71 6.74 2.20 3.76 11.68 0.68 6.65 12.00 6.80 4.77 (2.1) pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

PennantPark Floating Rate Capital Ltd. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CGBD Carlyle Secured Lending, Inc. $749.3M 20.7× 16.5× −4.97% (below 0%: shrinking) n/m +7.08% (above 0%: growing) 100.00% 0.00% Compare
PSEC Prospect Capital Corporation $739.3M — (loss-making) 4.2× −3.73% (below 0%: shrinking) n/m +36.81% (above 0%: growing) 74.32% 70.51% Compare
BCSF Bain Capital Specialty Finance, Inc. $724.6M 11.3× 10.3× −12.14% (below 0%: shrinking) −40.54% (below 0%: shrinking) +10,857.59% (above 0%: growing) 100.00% 80.20% Compare
PFLT PennantPark Floating Rate Capital Ltd. $677.7M 13.4× 11.7× +4.07% (above 0%: growing) −57.89% (below 0%: shrinking) +392.80% (above 0%: growing) 100.00% 77.14%
NMFC New Mountain Finance Corporation $661.2M — (loss-making) 39.1× −30.93% (below 0%: shrinking) −64.00% (below 0%: shrinking) −46.09% (below 0%: shrinking) 100.00% 0.00% Compare
ACGP Associated Capital Group, Inc. $649.9M 14.6× 4.2× +13.32% (above 0%: growing) +3.41% (above 0%: growing) +254.80% (above 0%: growing) 100.00% (314.07%) Compare
SLRC SLR Investment Corp. $643.0M 11.3× 10.4× −13.42% (below 0%: shrinking) −67.67% (below 0%: shrinking) +77.74% (above 0%: growing) 100.00% 71.09% Compare
TIPT Tiptree Financial Inc. $640.0M 1.6× — (loss-making) −100.00% (below 0%: shrinking) −17.82% (below 0%: shrinking) −238.91% (below 0%: shrinking) 100.00% 0.00% Compare
GAIN Gladstone Investment Corporation $594.9M 3.6× 41.5× +20.43% (above 0%: growing) n/m +116.07% (above 0%: growing) 63.66% 76.50% Compare
Median of peers $655.5M 11.3× 10.4× −8.55% −40.54% +57.28% 100.00% 35.26%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 17 December 2025

Ownership

Directors and executive officers, together 1.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

PennantPark Floating Rate Capital Ltd. (PFLT) Latest News

31 Aug

Impact 3 ·

11 Aug

Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

10 Aug

Impact 3 ·
Impact 3 ·

14 May

Impact 3 · · MarketBeat

8 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

7 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

4 May

Impact 3 · · 24/7 Wall St.

23 Apr

Impact 4 · · Insider Monkey

13 Apr

Impact 4 · · 24/7 Wall St.

26 Feb

Impact 4 · · GlobeNewswire

24 Feb

Impact 4 · · GlobeNewswire

12 Feb

Impact 4 · · 24/7 Wall St.

11 Feb

Impact 3 · · MarketBeat transcript

10 Feb

Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby transcript

9 Feb

Impact 3 · · ZacksAssociated Press FinanceZacksMT NewswiresZacksZacksZacksZacks
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

5 Jan

Impact 3 · · GlobeNewswire

4 Dec

Impact 4 · · Insider Monkey

25 Nov

Impact 4 · · GuruFocus.comMT Newswires transcript

24 Nov

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

4 Nov

Impact 3 · · GlobeNewswire
stockrow.com/PFLT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com