CION Investment Corp 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements CĪON Investment Corporation Consolidated Balance Sheets (in thousands, except share and per share amounts) June 30, 2026 December 31, 2025 (unaudited) Assets Investments, at fair value: Non-controlled, non-affiliated investments (amortized cost of $ 1,182,506 and $ 1,238,358 , respectively) $ 1,092,285 $ 1,158,985 Non-controlled, affiliated investments (amortized cost of $ 387,844 and $ 360,895 , respectively) 402,986 364,335 Controlled investments (amortized cost of $ 360,206 and $ 342,843 , respectively) 304,822 289,670 Total investments, at fair value (amortized cost of $ 1,930,556 and $ 1,942,096 , respectively) 1,800,093 1,812,990 Cash 7,664 8,159 Interest and fees receivable on investments 34,571 27,979 Receivable due on investments sold and repaid 1,590 3,699 Prepaid expenses and other assets 2,770 1,973 Total assets $ 1,846,688 $ 1,854,800 Liabilities and Shareholders' Equity Liabilities Financing arrangements (net of unamortized debt issuance costs of $ 14,903 and $ 14,263 , respectively) $ 1,159,941 $ 1,125,580 Payable for investments purchased 3,076 2,529 Accounts payable and accrued expenses 727 785 Interest payable 5,111 5,764 Accrued management fees 6,040 6,423 Accrued subordinated incentive fee on income 3,006 3,882 Accrued administrative services expense 1,011 2,182 Share repurchases payable — 27 Total liabilities 1,178,912 1,147,172 Commitments and contingencies (Note 4 and Note 11) Shareholders' Equity Common stock, $ 0.001 par value; 500,000,000 shares authorized; 49,202,704 and 51,420,629 shares issued and 49,202,704 and 51,417,866 shares outstanding, respectively 49 51 Capital in excess of par value 986,777 1,004,496 Accumulated distributable losses ( 319,050 ) ( 296,919 ) Total shareholders' equity 667,776 707,628 Total liabilities and shareholders' equity $ 1,846,688 $ 1,854,800 Net asset value per share of common stock at end of period $ 13.57 $ 13.76 See accompanying notes to consolidated financial statements. 1 CĪON Investment Corporation Consolidated Statements of Operations (in thousands, except share and per share amounts) Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2026 2025 2026 2025 2025 (unaudited) (unaudited) (unaudited) (unaudited) Investment income Non-controlled, non-affiliated investments Interest income $ 22,460 $ 32,478 $ 46,146 $ 66,598 $ 123,768 Paid-in-k