New Mountain Finance Corporation (NMFC)

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Feb 26, 2025 • 4:23 PM EST

New Mountain Finance Corporation Announces December 31, 2024 Financial Results

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Feb 26, 2025 • 4:23 PM EST

New Mountain Finance Corporation Announces December 31, 2024 Financial Results

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Jan 23, 2025 • 4:15 PM EST

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2024 Earnings Release and Conference Call

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Oct 30, 2024 • 4:10 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024

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Oct 28, 2024 • 4:49 PM EDT

New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program

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Oct 1, 2024 • 4:15 PM EDT

New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call

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Sep 23, 2024 • 6:26 PM EDT

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027

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Jul 31, 2024 • 5:02 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024

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Jul 1, 2024 • 4:05 PM EDT

New Mountain Finance Corporation Schedules its Second Quarter 2024 Earnings Release and Conference Call

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May 1, 2024 • 5:00 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024

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Latest Financial Results

FY 2024

Fiscal Year Ended Dec 31, 2024

Earnings Release

HTML PDF

Earnings Webcast

Audio

10-K

HTML PDF

Presentation

PDF

Source: Q4 2024 Earning Press Release

For complete information regarding our financials, see our periodic filings

$12.55

Net asset value (“NAV”) per share was $12.55

$0.32

Net Investment Income of $0.32 per share

$0.32

First quarter distribution of $0.32 per share

$3,104.5M

Portfolio had a fair value of $3,104.5 million

NMFC At a Glance

Overview

$3.1B Portfolio Size

Large, diversified portfolio across 121 portfolio companies.

16 Year History

5/19/2011 IPO date.

Baa3/Stable Moody's Credit Rating

Stable long term credit rating.

Best-in-class credit quality

~97% Green Portfolio Risk Rating

Represents best risk rating measured by performance and business quality.

41% Avg. Loan to Value

Represents our debt securities percentage of the total enterprise value at close of each transaction.

12bps Annual Net Realized Loss Rate

Average realized loss rate since IPO.

Strong Return Profile

11% Annual Div. Yield

Based on NMFC's closing price of $11.94 per share on 2/24/2025

~10% Annual Return Since IPO

Annualized cash-on-cash return to a shareholder since IPO

86% Floating Rate Loans

Well positioned for a changing rate environment.

As of December 31, 2024
For complete information regarding these metrics, please refer to our latest earnings presentation.

Proven Track Record

NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.

Since IPO, we have invested over $10.0bn and only realized losses of $67m (net of realized gains) while paying out ~$1.4bn in dividends.

Consistent Outperformance

237.0%

Total return since IPO

BDC Index (115.7%) CS High Yield Index (104.7%)

Stable Income Opportunity

~$1.4bn

Dividends paid since IPO

Consistent history of attractive dividends fully covered by NII

As of December 31, 2024

For complete information regarding these metrics, please refer to our latest earnings presentation.

Shareholder Alignment

NMFC's largest shareholder group are employees (~14% s/o)¹

Dividend protection program remains in place

¹Includes members of senior management, senior advisors and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding on 12/31/2024

Stock Information