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Financial statements

PGIM Private Credit Fund financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data PGIM Private Credit Fund files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2024FY2025
Interest expense0.143.277.15
Net income9.615.121.8

Balance sheet

FY2023FY2024FY2025
Cash and equivalents16.13.7416.6
Total assets120218384
Total liabilities13.796.2179
Paid-in capital107120203
Retained earnings0.091.291.24
Shareholders' equity107122205
Total equity107122205
Total liabilities and equity120218384
Shares outstanding4.324.888.23

Cash flow statement

FY2023FY2024FY2025
Net income9.615.121.8
Cash from operations-83.2-94.3-128
Debt repaid0-17.9
Stock issued97.41.1864.2
Dividends paid0-12.1-1.64
Cash from financing96.283.2142
Exchange rate effect0-0.040.04
Net change in cash13.1-11.113.6
Interest paid02.886.42

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. No valuation: we have no share price for this company.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)8.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)5.7%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y44.9%Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y68.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y76.3%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets34.4%Total liabilities / total assets.
Tangible book value$294.4MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
Book value per share$24.75Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$24.75Tangible book value / shares outstanding.
Cash per share$1.11(Cash + short-term investments) / shares outstanding.
Payout ratio15.5%Dividends paid / net income, when net income is positive.
Was PGIM Private Credit Fund profitable in fiscal 2025?

Yes. Net income was $21.8M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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