Latest news with #NetAssetValue
Yahoo
20-05-2025
- Business
- Yahoo
Oxford Lane Capital Corp (OXLC) Q4 2025 Earnings Call Highlights: Navigating Market Challenges ...
Net Asset Value (NAV) per Share: $4.32 as of March 31, 2025, down from $4.82 in the previous quarter. Total Investment Income: $121.2 million for the quarter ended March, an increase of $6.7 million from the prior quarter. GAAP Net Investment Income: $75.4 million or $0.18 per share for the quarter ended March, compared to $72.4 million or $0.20 per share for the quarter ended December 31. Core Net Investment Income: $95.8 million or $0.23 per share for the quarter ended March, compared to $99.9 million or $0.28 per share for the quarter ended December 31. Net Unrealized Depreciation on Investments: $187.7 million for the quarter ended March. Net Realized Losses: $8.5 million for the quarter ended March. Net Decrease in Net Assets from Operations: $120.8 million or $0.28 per share for the fourth fiscal quarter. Weighted Average Yield of CLO Debt Investments: 15.9%, down from 16.6% as of December 31. Weighted Average Effective Yield of CLO Equity Investments: 15.9%, down from 16.1% as of December 31. Weighted Average Cash Distribution Yield of CLO Equity Investments: 20.5%, down from 23.9% as of December 31. Common Stock Issuance: Approximately 60.7 million shares issued, resulting in net proceeds of approximately $300.5 million. Additional CLO Investments: Approximately $526.2 million during the quarter ended March. Proceeds from Sales and Repayments: Approximately $136 million during the quarter ended March. Monthly Common Stock Distributions: $0.09 per share for July, August, and September 2025. Warning! GuruFocus has detected 4 Warning Sign with OXLC. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oxford Lane Capital Corp (NASDAQ:OXLC) recorded a GAAP total investment income of approximately $121.2 million for the quarter, an increase of $6.7 million from the prior quarter. The company issued approximately 60.7 million shares of common stock, resulting in net proceeds of approximately $300.5 million. Oxford Lane Capital Corp (NASDAQ:OXLC) made additional CLO investments of approximately $526.2 million during the quarter. The company was awarded Best Public Closed-End CLO fund by Creditflux at their London Conference. Oxford Lane Capital Corp (NASDAQ:OXLC) declared monthly common stock distributions of $0.09 per share for July, August, and September 2025. Net asset value per share decreased from $4.82 to $4.32 as of March 31, 2025. The company recorded net unrealized depreciation on investments of approximately $187.7 million and net realized losses of approximately $8.5 million. There was a net decrease in net assets resulting from operations of approximately $120.8 million or $0.28 per share for the fourth fiscal quarter. The weighted average yield of CLO debt investments decreased from 16.6% to 15.9%. The weighted average cash distribution yield of CLO equity investments decreased from 23.9% to 20.5%. Q: Have you purchased any shares under the share repurchase program? A: Jonathan Cohen, CEO: We haven't disclosed that information. Q: Can you discuss the pricing dynamics in the current quarter and expectations for yields this year? A: Jonathan Cohen, CEO: We don't have a specific target for anticipated yields. Between the end of 2024 and March 31, there was a significant decrease in CLO tranche pricing and market stress. However, there was a substantial rebound between April 30 and May 16. We have no specific yield projections for the remainder of the year. Q: What is the relative attractiveness of the primary versus secondary markets, and how is the investment portfolio positioned in terms of cyclicality? A: Joe Kupka, Managing Director: We constantly reassess the attractiveness of both markets. We find opportunities in both primary and secondary markets. Our strategy includes lengthening the reinvestment period to mitigate risk, and holding long-dated CLO equity during economic dislocations has historically provided strong returns. Q: How does Oxford Lane differentiate itself from its peers? A: Jonathan Cohen, CEO: We employ an unconstrained CLO investment strategy, actively managing both primary and secondary markets. We are one of the largest market participants and rotate the portfolio aggressively, which we believe is suitable for this asset class. Q: Can you provide qualitative or quantitative examples of your strategy compared to peers? A: Jonathan Cohen, CEO: We focus on an active portfolio management strategy, engaging in both long-dated and short-dated CLO equity, primary and secondary tranches, and warehousing. We cannot speak to other firms' strategies but believe our approach is well-suited for the asset class. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Agronomics Limited Announces Net Asset Value Calculation as at 31 March 2025
DOUGLAS, ISLE OF MAN / / May 12, 2025 / Agronomics Limited (AIM:ANIC), a leading listed company in the field of clean food, announces that its unaudited Net Asset Value per share("NAV") calculation as at closing on 31 March 2025 was 14.81 pence per share, a 0.80% decrease from 14.93 pence per share at 31 December 2024. Net Assets stand at £149 million, including investments of £146 million and uninvested cash and short-term deposits of £4 million. The share price of 7.15 pence at 31 March 2025 represents a discount of 52% to the NAV per share on the same date. The average discount to NAV per share over the last 12-month period was 64%. Under IFRS, the Company's unquoted investments are generally carried at cost or the most recent priced funding round. The Board notes the c £1.2 million decline in the Company's NAV during the quarter which relates primarily to the following: An increase of £1.3 million in the value of the Company's holding in Solar Foods Oy ("Solar Foods") which is listed on Nasdaq First North Growth Market Finland; An unrealised FX loss of £2.5 million following revaluation of investments to month end spot rate where we hold certain of our investments in USD, EUR and AUD, due to negative movements in these currencies against the Company's reporting currency of Pound Sterling in the quarter; and Cash balances reduced by £0.4 million relating to ongoing running costs, and the cash balances at 31 December 2024 were £10.2 million. This is offset by interest income earned during the quarter, with £80,000 cash interest and £281,000 loan note interest income earned. During the period, no fees were payable or accrued in accordance with the Shellbay Investments Limited Agreement. Shellbay's fees are solely payable when there is an annual increase in the NAV; further details are included in the 2024 annual report. Investment Portfolio review During the 3-month period to 31 March 2025, the following portfolio companies completed fund raising activities: On 21 January 2025, Formo Bio GmbH secured a EUR 35 million loan from the European Investment Bank; On 30 January 2025, Liberation Labs Holdings Inc closed a convertible loan note fundraise with US$ 31.5 million in new capital, which brought the total raised under this round to US$ 50.5 million. Agronomics invested a total of US $7.4 million in the convertible note raise; and On 4 March 2025, Solar Foods Oy was granted EUR 10 million in funding from Business Finland, the Government agency part of the Finnish Ministry of Employment and the Economy. In addition, the following key milestone was achieved by a portfolio company during the 3-month period: On 7 February 2025, Good Dog Food t/a Meatly became the first company in the world to supply for sale cultivated meat for pet food, as well as the first to sell cultivated meat in Europe. Jim Mellon, Executive Chair of Agronomics, commented: In the first quarter of the year, the Agronomics portfolio has made fantastic commercial and operational progress. Liberation Labs, off the back of the recent US$ 50.5 million fundraise in January 2025, announced an important manufacturing partnership with Dutch ingredients company Vivici to produce its Vivitein™ ingredient at scale for the US nutritional market. Meanwhile, Blue Nalu has expanded its strategic partnership with Nomad Foods, Europe's leading frozen food company, to support the commercialisation of its cell-cultivated seafood products in the UK and across Europe. More and more of the portfolio continues to make progress toward achieving regulatory approval for the sale of products. The latest being All G Foods, which has received regulatory approval in China, and Onego, BlueNalu and Meatable which are expecting to receive regulatory approval by the end of the year. The progress we have achieved during a challenging period for much of the clean food industry and a volatile global economic landscape pays testament to the quality of our portfolio and our ability to identify future category leaders. It also demonstrates how food companies are prioritising investment in scalable and sustainable clean food solutions. We expect this level of progress to continue into the second half of the year, with several further funding rounds set to close and regulatory approvals on the horizon. Unaudited to 31 March 2025 £ Current Assets Investments 145,718,770 Uninvested cash and deposits 3,811,502 Trade and other receivables 89,739 Current Liabilities Trade and other creditors (128,950) Net Assets 149,491,061 Capital and Reserves Share capital 1,009 Share premium 136,171,078 Retained earnings 13,318,974 Net assets 149,491,061 Shares in Issue 1,009,417,295 Net Asset Value per share 14.81 pence The quoted investments within the portfolio are valued under IFRS at bid price. This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. About Agronomics Agronomics is a leading London-listed company focusing on investment opportunities within the field of clean food. The Company has established a portfolio of over 20 companies in this rapidly advancing sector. It seeks to invest in companies owning technologies with defensible intellectual property that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage. This disruption will decouple supply chains from the environment and animals and improve food security for the world's expanding population. A full list of Agronomics' portfolio companies is available at For further information please contact: AgronomicsLimited BeaumontCornish Limited Canaccord Genuity Limited Cavendish Capital Markets Limited Peterhouse CapitalLimited SEC Newgate The Company Nomad Joint Broker Joint Broker Joint Broker Public Relations Jim Mellon Denham Eke Roland Cornish James Biddle Andrew Potts Harry Pardoe Giles Balleny Michael Johnson Charlie Combe Lucy Williams Charles Goodfellow Bob HuxfordAnthony Hughes +44 (0) 1624 639396info@ +44 (0) 207 628 3396 +44 (0) 207 523 8000 +44 (0) 207 397 8900 +44 (0) 207 469 0936 agronomics@ Nominated Adviser Statement Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in the announcement or any matter referred to in it. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Agronomics Limited View the original press release on ACCESS Newswire
Yahoo
10-05-2025
- Business
- Yahoo
Aker ASA (STU:FKM) Q1 2025 Earnings Call Highlights: Strong Asset Growth Amid Market Challenges
Net Asset Value: NOK61.9 billion, up from NOK58.2 billion at the end of 2024. Share Price: Closed at NOK622, a 13% increase during the quarter. Dividend: Approved dividend of NOK26.5 per share for the first half of 2025. Cash Holdings: NOK1 billion, up NOK381 million from the previous quarter. Dividends Received: NOK1.6 billion, including NOK936 million from Aker BP. Net Interest-Bearing Debt: NOK0.8 billion, down from NOK2 billion in the previous quarter. Loan to Value Ratio: 8%. Operating Expenses: NOK100 million in the first quarter. Profit Before Tax: NOK741 million for the quarter. Net Value Change: Negative NOK628 million, mainly due to Aker Horizons and Solstad Offshore. Annual Recurring Revenue (ARR) for Cognite: Surpassed USD100 million in the quarter. Warning! GuruFocus has detected 3 Warning Signs with STU:FKM. Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aker ASA (STU:FKM) reported a net asset value increase to NOK61.9 billion, up from NOK58.2 billion at the end of 2024. The company's share price rose by 13% during the quarter, outperforming the Oslo Stock Exchange benchmark index. Aker ASA's strategic focus on fewer, larger cash-generative holdings has maintained financial strength and flexibility. Aker BP continues to be a significant source of upstream dividends, with ambitions to sustain production above 500,000 barrels per day beyond 2030. Cognite's annual recurring revenue surpassed the USD100 million milestone, indicating strong growth in the industrial software sector. Aker Horizons has faced significant operational, financial, and market challenges, leading to sustained underperformance and material losses. The share price of Aker Horizons has declined by 96% since its listing, significantly impacting Aker ASA's valuation. The current geopolitical and market climate, including trade wars and currency fluctuations, presents unpredictability and potential indirect impacts on Aker ASA's operations. Aker ASA's net value change was negative NOK628 million, primarily due to a value decrease in Aker Horizons and Solstad Offshore. Investment decisions are being reconsidered due to prevailing uncertainty, which may reduce activity levels and impact future growth. Q: Given Aker's strong leadership, track record, and talented team, would you agree that the company has underperformed for some time? Can we expect Aker to capitalize on the current macroeconomic environment, and do you have the right strategy in place to once again become the leading star and benchmark for the industry? A: Oyvind Eriksen, President and CEO, responded that Aker's task is to develop its portfolio investments for the long term and deliver returns to shareholders. He disagreed with the notion of underperformance, citing strong long-term returns and dividends. Aker aims to capitalize on the current market environment with disciplined investment strategies. Eriksen believes Aker is a benchmark in its industries and is committed to building its portfolio and exploring new segments. Q: How does Aker plan to navigate the uncertainties in the current geopolitical and market climate? A: Oyvind Eriksen emphasized the importance of balanced scenario-based planning, prudent risk assessment, and maintaining a strong financial position. Aker's strategy includes a focus on fewer, larger cash-generative holdings to maintain financial strength and flexibility. The company aims to uphold its dividend policy and ensure predictability of upstream cash flow. Q: What are Aker's strategic priorities and portfolio design criteria? A: Eriksen outlined that Aker's strategic priorities focus on net asset value development, attractive and predictable dividends, increased upstream cash flow, and investments in growth segments. The company prioritizes long-term mega trends like energy transition and digitalization, aiming for improved capital efficiency and stronger cash flow. Q: Can you elaborate on Aker's approach to active ownership and strategic clarity? A: Eriksen stated that Aker practices active ownership by making necessary adjustments and concentrating its portfolio around larger companies with potential for long-term value creation. The company focuses on transactions that create added value and aligns investments with strategic priorities. Q: How is Aker positioned to leverage AI and digitalization in its portfolio companies? A: Eriksen highlighted that Aker's industrial software companies, Cognite and Aize, are well-positioned to capitalize on digitalization and AI trends. Cognite's Data Fusion platform drives digital transformation and operational efficiency, with a strong commercial presence and promising outlook for the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
