Private Credit Portfolio Analysis | Princeton Capital Reports Q1 2025 Results with Declining Assets and NAV
- Editor
- May 15
- 2 min read
Whats New:
Princeton Capital Corp reported its Q1 2025 financial results, showing a decline in total assets and net asset value compared to the previous quarter. The fund's total assets decreased to $19.37 million as of March 31, 2025, down from $21.21 million at the end of 2024. Net asset value per share also declined to $0.158 from $0.175 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $19.37 million as of March 31, 2025, compared to $21.21 million at the end of 2024.
Investments at fair value declined to $17.52 million from $19.22 million at the end of 2024.
Cash and cash equivalents decreased to $1.19 million from $1.29 million at the end of 2024.
Investment Activity:
Interest receivable increased slightly to $585,262 from $584,769 at the end of 2024.
Other receivables increased marginally to $33,574 from $33,049 at the end of 2024.
Prepaid expenses decreased to $43,942 from $76,418 at the end of 2024.
Capital Structure:
Total liabilities increased to $380,534 from $164,613 at the end of 2024.
Stockholders' equity decreased to $18.99 million from $21.04 million at the end of 2024.
Common stock value and additional paid-in capital remained unchanged at $120,486 and $64.87 million respectively.
Performance Profile:
Net asset value per share decreased to $0.158 as of March 31, 2025, compared to $0.175 at the end of 2024.
Net loss for the quarter was $2,050,169.
Unrealized loss on investments was $1,701,765 for the quarter.
Risk & Quality:
Accrued professional fees increased to $104,046 from $55,286 at the end of 2024.
Accounts payable increased to $79,080 from $16,545 at the end of 2024.
Other liabilities doubled to $129,750 from $64,875 at the end of 2024.
The Wrap:
Princeton Capital Corp's Q1 2025 results show a significant decline in total assets and net asset value compared to the previous quarter. The fund experienced decreases in investments at fair value and cash positions, while liabilities increased. The net loss and unrealized losses on investments contributed to the decline in net asset value per share. These results indicate challenging market conditions for the fund's portfolio during the quarter.
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