Kkr Credit Income Fund (KKC) H1 2025 earnings summary

Executive summary

• Net assets attributable to unitholders rose 1.13% to $797.2 million as of 31 December 2024, compared to the prior year period.

• Operating profit for the half-year was $34.2 million, down 41.7% year-over-year.

• Total investment income fell 37.8% to $39.6 million, impacted by net unrealised losses on forward currency contracts.

• Monthly distributions of 1.67 cents per unit were maintained, totaling $32.3 million for the half-year.

• The Fund continues to invest in diversified credit assets via KKR-managed vehicles, with no significant changes in activities.

Financial highlights

• Total assets increased to $842.5 million as of 31 December 2024, up from $819.9 million at 30 June 2024.

• Net tangible assets per unit were $2.4716 at period end, up from $2.4439 a year earlier.

• Basic and diluted earnings per unit were 10.61 cents, down from 18.20 cents in the prior year period.

• Distributions paid and payable for the half-year were $32.3 million, unchanged from the prior year.

• Cash and cash equivalents at period end were $47.2 million.

Outlook and guidance

• The Fund will continue to be managed in line with its investment objectives and guidelines.

• Future results will depend on investment market performance; past returns are not indicative of future performance.