Cion Investment Corporation · NYSE:CION
Cion Investment — Q3 2025 Earnings Presentation
14 slides from Cion Investment's earnings presentation, Nov 6, 2025
Slide 1: CION Investment Corporation Third Quarter 2025 Earnings Presentation
CION Investment Corporation Third Quarter 2025 Earnings Presentation
Slide 2: Disclosures and Forward-Looking Statements
Disclosures and Forward - Looking Statements 2 The information contained in this earnings presentation should be viewed in conjunction with the earnings conference call of CION Investment Corporation (NYSE : CION) (“CION” or the “Company”) held on Thursday, November 6 , 2025 as well as the Company’s
Slide 3: Third Quarter and Other Highlights – Ended September 30, 2025
3 1. The discussion of the investment portfolio excludes short term investments. Third Quarter and Other Highlights – Ended September 30, 2025 • Net investment income and earnings per share for the quarter ended September 30 , 2025 were $ 0 . 74 per share and $ 0 . 69 per share, respectively ; • Net
Slide 4: Selected Financial Highlights
4 Selected Financial Highlights 1. The discussion of the investment portfolio excludes short term investments. 2. Total debt outstanding excludes netting of debt issuance costs. Please refer to page 10 for debt net of issuance costs. 3. Includes a special distribution of $ 0 . 05 per share during th
Slide 5: Investment Activity
Investment Activity • New investment commitments for the quarter were $73 million, of which $65 million were funded and $8 million were unfunded. • New investment commitments were made across 1 new and 12 existing portfolio companies. • Fundings of previously unfunded commitments for the quarter wer
Slide 6: Portfolio Asset Composition
6 Portfolio Asset Composition * Less than 1%. The discussion of the investment portfolio is at fair value and excludes short term investments. 100% 94% 96% 2% 99% 1% 80% 19% 0%* 0%* 1% 0%* 0%* 0%* 0%* 0%* 87% 0%* 12% 86% 13% 1% 85% 85% 1% 14% 14% 1% 1% 79% 5% 1% 0%* 0%* 2% 20% 1%
Slide 7: Credit Quality of Investments
7 INTERNAL INVESTMENT RISK RATINGS (1) (% of Total Portfolio, Fair Value) Q3 2025 NON - ACCRUAL % (1) Higher Credit Quality Lower Credit Quality Credit Quality of Investments 1. The discussion of the investment portfolio excludes short term investments. * - Less than 1%. Q3 2024 Q4 2024 Q1 2025 Q2 2
Slide 8: Portfolio Summary
PORTFOLIO BY SECURITY TYPE (4) PORTFOLIO BY INTEREST RATE TYPE (4) Portfolio Summary 8 ( 1 ) See endnote 4 in our press release filed with the SEC on November 6 , 2025 . ( 2 ) See endnote 5 in our press release filed with the SEC on November 6 , 2025 . ( 3 ) See endnote 6 in our press release filed
Slide 9: Quarterly Operating Results
Quarterly Operating Results 9 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 All figures in thousands, except share and per share data Investment income $ 53,390 $ 51,364 $ 51,394 $ 48,881 $ 68,177 Interest income (1) 434 653 697 1,651 905 Dividend income 5,803 5,877 3,983 1,712 9,629 Fee income $ 59,627 $
Slide 10: Quarterly Balance Sheet
Quarterly Balance Sheet 10 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 All figures in thousands, except per share data and asset coverage ratio Assets $ 1,806,229 $ 1,888,688 $ 1,845,660 $ 1,824,628 $ 1,840,584 Investments, at fair value 29,765 7,670 7,720 6,533 3,931 Cash 49,446 45,140 40,863 45,246 31
Slide 11: Q3 2025 Net Asset Value Bridge Per Share Data
11 Q3 2025 Net Asset Value Bridge Per Share Data
Slide 12: Debt Summary
12 Maturity Date Interest Rate Principal Amount Outstanding Total Commitment Amount 6/15/2027 S + 2.55% (2) $300 $375 JPM Credit Facility 12/30/2029 7.50% 173 173 Unsecured Notes, 2029 (1) 2/13/2028 S + 2.75% 100 125 UBS Credit Facility 2/11/2026 4.50% 125 125 Unsecured Notes, 2026 (1) 8/31/2026 S +
Slide 13: Distribution Per Share and Distribution Coverage
13 Distribution Per Share and Distribution Coverage 1 1. Includes special and/or supplemental distributions of $0.20. $0.05 and $0.05 per share during Q4 2023, Q2 2024 and Q4 2024, r esp ectively. Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 $0.74 $0.32 $0.36 $0.35 $0.40 $0.43 $0.
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