PhenixFIN Corp 2026年季度报告

Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 1-35040 PHENIXFIN CORPORATION(Exact Name of Registrant as Specified in its Charter) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934).Yes☐No☒ The Registrant had 1,998,259 shares of common stock, $0.001 par value, outstanding as of February 9, 2026. PHENIXFIN CORPORATION TABLE OF CONTENTS PART I. Financial InformationItem 1. Financial StatementsConsolidated Statements of Assets and Liabilities as of December 31, 2025 (unaudited) and September 30, 20251Consolidated Statements of Operations for the three months ended December 31, 2025 and 2024 (unaudited)2Consolidated Statements of Changes in Net Assets for the three months ended December 31, 2025 and 2024 (unaudited)3Consolidated Statements of Cash Flows for the three months ended December 31, 2025 and 2024 (unaudited)4Consolidated Schedules of Investments as of December 31, 2025 (unaudited) and September 30, 20255Notes to Consolidated Financial Statements (unaudited)17Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations41Item 3. Quantitative and Qualitative Disclosures About Market Risk54Item 4. Controls and Procedures55Part II. Other Information56Item 1. Legal Proceedings56Item 1A. Risk Factors56Item 2. Unregistered Sales of Equity Securities and Use of Proceeds56Item 3. Defaults Upon Senior Securities56Item 4. Mine Safety Disclosures56Item 5. Other Information56Item 6. Exhibits57SIGNATURES60 PHENIXFIN CORPORATIONConsolidated Statements of Assets and Liabilities Assets:Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $138,028,011 and $139,342,491,respectively)$139,235,510$145,280,169Affiliated investments (amortized cost of $37,022,913 and $35,390,223, respectively)36,675,56835,381,405Controlled investments (amortized cost of $149,859,961 and $149,656,451, respectively)119,728,486121,610,914Total Investments at fair value295,639,564302,272,488Cash and cash equivalents3,406,8477,289,371Receivables:Interest receivable1,036,6621,203,404Other receivable-44,971Dividends receivable229,04642,950Other assets2,642,6792,746,775Deferred tax asset, net852,5701,234,847Deferred financing costs1,308,0201,384,767Due from Affiliate301,595572,331Prepaid share repurchase42,07696,342Receivable for investments sold1,922,10221,549Total Assets$307,381,161$316,909,795 Credit facility and notes payable (net of debt issuance costs of $946,653 and $1,141,393, respectively)$146,544,966$148,011,724Accounts payable and accrued expenses1,063,6584,226,889Other liabilities2,481,4182,439,405Interest and fees payable1,158,8161,187,574Taxes payable178,690137,538Due to Affiliate132,365132,365Total Liabilities151,559,913156,135,495 PHENIXFIN CORPORATIONConsolidated Statements of Operations(Unaudited) PHENIXFIN CORPORATIONConsolidated Statements of Changes in Net Assets(Unaudited) Cash Flows from Operating Activities:Net increase (decrease) in net assets resulting from operations The accompanying notes are an integral part of these consolidated financial statements. PHENIXFIN CORPORATIONConsolidated Schedule of InvestmentsAs of December 31, 20