New Mountain Finance Corporation (NASDAQ: NMFC) announced its financial results for the quarter ended September 30, 2026, in a Form 8-K filed on November 2, 2026. The company reported Adjusted Net Investment Income of $24.1 million, or $0.26 per weighted average share, for the third quarter.
For the quarter, the company’s Net Asset Value (NAV) was $10.67 per share, a decrease from $10.89 per share as of June 30, 2026. The investment portfolio had a fair value of $2,265.7 million and consisted of 110 portfolio companies with a weighted average yield to maturity at cost of approximately 12.0%.
In terms of portfolio composition, 63.2% of the investments were classified as first lien, with 16.7% held in Senior Loan Programs III and IV. The company noted that 86% of the portfolio is rated green on its internal risk heatmap. The portfolio industry breakdown included 19.3% in Healthcare, 25.7% in Business Services, and 19.9% in Software.
Regarding capital resources, the company had cash and cash equivalents of $41.9 million and total statutory debt outstanding of $1,199.7 million as of September 30, 2026. The statutory debt-to-equity ratio was 1.19x. The company also reported $815.4 million of available capacity on its credit facilities.
The company declared a fourth quarter 2026 distribution of $0.25 per share. This distribution is payable on December 31, 2026, to shareholders of record as of December 17, 2026. The company also extended its $150 million stock repurchase program through December 31, 2027, with approximately $79.5 million remaining available.
