PennantPark Floating Rate Capital Ltd 2026年季度报告

FORM 10-Q PENNANTPARK FLOATING RATECAPITAL LTD. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every InteractiveData File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,a non-accelerated filer, a smaller reporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not touse the extended transition period for complying with any new or revised financial accountingstandards 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 ofthe Exchange Act). Yes☐No☒ The number of shares of the registrant’s common stock, $0.001 par value per share,outstanding as of February 9, 2026 was 99,217,896. PENNANTPARK FLOATING RATE CAPITAL LTD.FORM 10-Q FOR THE QUARTER ENDED DECEMBER 31, 2025TABLE OF CONTENTSPART I. CONSOLIDATED FINANCIAL INFORMATIONItem 1. Consolidated Financial Statements4Consolidated Statements of Assets and Liabilities as of December 31, 2025 (unaudited) and September 30, 20254Consolidated Statements of Operations for the three months ended December 31, 2025 and 2024 (unaudited)5Consolidated Statements of Changes in Net Assets for the three months ended December 31, 2025 and 2024 (unaudited)6Consolidated Statements of Cash Flows for the three months ended December 31, 2025 and 2024(unaudited)7Consolidated Schedules of Investments as of December 31, 2025 (unaudited) and September 30, 20258Notes to Consolidated Financial Statements (unaudited)27Report of Independent Registered Public Accounting Firm (PCAOB ID 49)53Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations55Item 3. Quantitative and Qualitative Disclosures About Market Risk76Item 4. Controls and Procedures77PART II. OTHER INFORMATIONItem 1. Legal Proceedings78Item 1A. Risk Factors78Item 2. Unregistered Sales of Equity Securities and Use of Proceeds78Item 3. Defaults Upon Senior Securities78Item 4. Mine Safety Disclosures78Item 5. Other Information78Item 6. Exhibits79SIGNATURES80 PART I—CONSOLIDATED FINANCIAL INFORMATIONWe are filing this Quarterly Report on Form 10-Q, or the Report, in compliance with Rule 13a-13 as promulgated by the Securities and Exchange Commission, or the SEC, under the Securities Exchange Act of 1934, as amended, or the Exchange Act. In this Report, except where the context suggestsotherwise, the terms “Company,” “we,” “our” or “us” refers to PennantPark Floating Rate Capital Ltd. and its wholly owned consolidated subsidiaries;“Funding I” refers to PennantPark Floating Rate Funding I, LLC; “Taxable Subsidiary” refers to collectively our consolidated subsidiaries PFLTInvestment Holdings II, LLC and PFLT Investment Holdings, LLC; “PSSL” refers to PennantPark Senior Secured Loan Fund I LLC, an unconsolidatedjoint venture; “PTSF” refers to PennantPark-TSO Senior Loan Fund, LP, a consolidated limited partnership; “PTSF’s GP” refers to PennantPark-TSOSenior Loan Fund GP, LLC a wholly owned subsidiary; "PSSL II” refers to PennantPark Senior Secured Loan Fund II LLC, an unconsolidated jointventure; "2037 Securitization Issuer" refers to PennantPark CLO 11, LLC, a consolidated Delaware limited liability company,“PennantPark InvestmentAdvisers” or “Investment Adviser” refers to PennantPark Investment Advisers, LLC; “PennantPark Investment Administration” or “Administrator” refersto PennantPark Investment Administration, LLC; “2023 Notes” refers to our 4.3% Series A notes due 2023; “2026 Notes” refers to our 4.25% Notes due2026; “1940 Act” refers to the Investment Company Act of 1940, as amended; “SBCAA” refers to the Small Business Credit Availability Act; “Code”refers to the Internal Revenue Code of 1986, as amended; “RIC” refers to a regulated investment company under the Code; “BDC” refers to a businessdevelopment company under the 1940 Act;“Credit Facility” refers to our multi-currency senior secured revolving credit facility, as amended from time totime, with Truist Bank and other lenders, or the “Lenders,” entered into o