v3.26.1
Unconsolidated Significant Subsidiaries
6 Months Ended
Mar. 31, 2026
Investments in and Advances to Affiliates [Abstract]  
Unconsolidated Significant Subsidiaries

12. UNCONSOLIDATED SIGNIFICANT SUBSIDIARIES

 

We must determine which, if any, of our unconsolidated controlled portfolio companies is a "significant subsidiary" within the meaning of Regulation S-X. We have determined that, as of September 30, 2025, PennantPark Senior Loan Fund, LLC, JF Intermediate, LLC and AKW Holdings Limited triggered at least one of the significance tests. As a result and in accordance with Rule 3-09 of Regulation S-X, separate audited financial statements of PSLF, LLC for the years ended September 30, 2025, 2024, and 2023 were filed as exhibits to our Annual Report on Form 10-K for the fiscal year ended September 30, 2025.

 

Our investment in JF Intermediate, LLC was realized on December 11, 2025.

 

In March 2018, AKW Holdings Limited became controlled affiliate. Below is certain selected key financial data from AKW Holdings Limited's income statements for the periods in which our investment in AKW Holdings Limited exceeded the threshold in at least one of the tests under Rule 3-09 of Regulation S-X (amounts in thousands).

 

AKW Holdings Limited:

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

Income Statement

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Total revenue

 

$

27,251

 

 

$

22,796

 

 

$

51,464

 

 

$

43,794

 

Total expenses

 

 

25,265

 

 

 

22,388

 

 

 

50,907

 

 

 

45,955

 

Net income (loss)

 

$

1,986

 

 

$

408

 

 

$

557

 

 

$

(2,161

)