ABRDN ASIA-PACIFIC INCOME FUND, INC. (FAX)
The Abrdn Asia-Pacific Income Fund Inc operates as a closed-end fixed-income mutual fund, primarily overseen by Aberdeen Standard Investments (Asia) Limited. It also benefits from joint management responsibilities shared with Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund strategically allocates capital within the debt markets of Asia, Australia, and New Zealand. Its portfolio predominantly consists of debt instruments issued by a diverse range of entities, including governmental bodies, banks, corporations, and other organizations. This investment vehicle was inaugurated on March 14, 1986, and is officially domiciled in the United States.
Industry: Asset Management - Income
Abrdn Asia-Pacific Income Fund Inc
NYSE:FAXFinancial Services · Asset Management - Income
-1.70%$12.73
AH Close$12.73+0.00%vs close
AH Close$12.73+0.00%vs close
Mkt Cap$525.53M
Float41.28M
O/S41.28M
Inst Own22.1%
SI0.1%
Div Yield15.32%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.78M
Net Income$36.4M
Total Assets$1.13B
Free Cash Flow$9.85M
Debt & Equity
Debt 38%
Equity 62%
Total Debt$426.19M
Total Equity$685.37M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:6Reverse splitSep 9, 20246 shares → 1
Balance Sheet Details
Assets$1.13B
Liabilities$440.14M
Accounts Receivable$22.54M
Accounts Payable$10.51M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $8.78M | $115.23M | $18.96M | $27.79M | $58.81M | $70.6M | $77.81M | $87.94M | $91.1M | $93.74M | $105.5M | $108.31M | $109.52M | $122.47M |
| YoY Growth | -92.4% | 507.8% | -31.8% | -52.8% | -16.7% | -9.3% | -11.5% | -3.5% | -2.8% | -11.2% | -2.6% | -1.1% | -10.6% | - |
| Cost of Revenue | $8.5M | $14.77M | $14.32M | $10.15M | $11.27M | $0 | $12.03M | $12.81M | $13.36M | $13.5M | $0 | $0 | $0 | $0 |
| Gross Profit | $276K | $115.23M | $81.48M | $17.63M | $47.54M | $70.6M | $65.78M | $75.14M | $77.74M | $80.23M | $105.5M | $108.31M | $109.52M | $122.47M |
| Gross Margin | 3.1% | 100.0% | 429.7% | 63.5% | 80.8% | 100.0% | 84.5% | 85.4% | 85.3% | 85.6% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$11 | $0 | $0 | $0 | -$1 | $0 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.89M | $2.74M | $9.45M | $11.51M | $13.52M | $15.1M | $14.57M | $15.15M | $15.91M | $16.38M | $17.63M | $19.26M | $20.05M | $19.88M |
| Other | -$72.27M | $880K | $4.34M | -$4.68M | -$6.93M | $8.85M | $96.04M | $248.98M | $252.13M | $253.27M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$69.37M | $3.62M | $13.8M | $6.82M | $6.59M | $23.95M | $110.61M | $181.23M | $36.08M | $55.52M | $244.87M | $67.37M | $225.29M | $84.94M |
| Operating Income (EBIT) | $69.65M | $131.81M | $85.96M | -$205.36M | $8.72M | $55.5M | $63.25M | $72.8M | $75.2M | $77.35M | $87.87M | $89.05M | $89.48M | $102.58M |
| Operating Margin | 793.2% | 114.4% | 453.4% | -739.1% | 14.8% | 78.6% | 81.3% | 82.8% | 82.5% | 82.5% | 83.3% | 82.2% | 81.7% | 83.8% |
| Interest Expense | $19.95M | $14.77M | $14.32M | $14.41M | $14.33M | $15.79M | $20.3M | $17.27M | $15.49M | $13.64M | $13.63M | $13.54M | $0 | $0 |
| Interest Income | $58.5M | $65.32M | $70.61M | $72.3M | $73.64M | $70.6M | $26.16M | $13.89M | $14.86M | $15.1M | $17.08M | $16.39M | $9.34M | $19.9M |
| Other Income (Expense) | -$33.25M | -$20.19M | -$9.32M | -$92.35M | $6.56M | $0 | $3.62M | -$13.89M | -$35.03M | $56.81M | -$17.08M | -$64.49M | -$214.58M | $84.92M |
| Income Before Tax (EBT) | $36.4M | $111.62M | $76.64M | -$297.71M | $15.28M | $25.43M | $162.26M | -$107.18M | $40.16M | $134.16M | -$156.45M | $24.56M | -$125.11M | $187.5M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $99.02M | -$179.97M | $0 | $0 | -$244.33M | $0 | $0 | $0 |
| Net Income | $36.4M | $111.62M | $76.64M | -$297.71M | $15.28M | $25.43M | $162.26M | -$107.18M | $40.16M | $134.16M | -$156.45M | $24.56M | -$125.11M | $187.5M |
| Net Income Margin | 414.5% | 96.9% | 404.3% | -1071.5% | 26.0% | 36.0% | 208.5% | -121.9% | 44.1% | 143.1% | -148.3% | 22.7% | -114.2% | 153.1% |
| Supplementary Data | ||||||||||||||
| EPS | 0.88 | 2.70 | 0.31 | -1.20 | 0.06 | 0.10 | 0.66 | -0.43 | 0.16 | 0.53 | -0.61 | 0.09 | -0.47 | 0.71 |
| Diluted EPS | 0.88 | 2.70 | 0.31 | -1.20 | 0.06 | 0.10 | 0.66 | -0.43 | 0.16 | 0.53 | -0.61 | 0.09 | -0.47 | 0.71 |
| Weighted Average OS | 41.28M | 41.28M | 247.70M | 247.70M | 247.70M | 247.70M | 247.70M | 248.98M | 252.13M | 253.27M | 256.31M | 261.30M | 267.41M | 262.62M |
| EBITDA | $69.65M | $131.81M | $85.96M | -$205.36M | $15.28M | $41.22M | $274.87M | -$255.99M | $42.09M | $97.11M | -$370.07M | $64.49M | $0 | $0 |
| EBITDA Margin | 793.2% | 114.4% | 453.4% | -739.1% | 26.0% | 58.4% | 353.2% | -291.1% | 46.2% | 103.6% | -350.8% | 59.5% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $10.15M | $2.73M | $8.12M | $2.38M | $16.83M | $2.8M | $1.16M | $4.35M | $5.17M | $5.24M | $961K | $3.27M | $27.94M | $39.82M |
| Short-Term Investments | $9.24M | $0 | $0 | $0 | $0 | $0 | $0 | -$41.17M | -$23.42M | -$11.41M | -$117.72M | $0 | $342K | $0 |
| Cash and Short-Term Investments | $19.4M | $2.73M | $8.12M | $2.38M | $16.83M | $0 | $1.16M | $39.92M | $17.37M | $8.24M | $36.14M | $3.27M | $28.28M | $39.82M |
| Accounts Receivable | $22.54M | $25.79M | $24.97M | $21.64M | $27M | $24.4M | $31.74M | $24.39M | $40.14M | $36.15M | $30.4M | $37.74M | $34.3M | $31.87M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $84.55M | $0 | -$9.87M | $0 | -$27K | -$337K | -$342K | $0 |
| Other Current Assets | -$41.94M | -$28.14M | $23.08M | -$53.76M | -$18.93M | -$1.22M | -$87.1M | $15.05M | $24.19M | $16.83M | $86.96M | $57.84M | $56.93M | $46.18M |
| Total Current Assets | $4.87M | $2.73M | $57.67M | $25.65M | $27M | $25.72M | $32.9M | $77.93M | $71.83M | $55.18M | $153.48M | $41M | $119.17M | $117.87M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.09M | $1.13B | $989.71M | $1.05B | $1.55B | $1.61B | $1.78B | $1.7B | $1.95B | $1.99B | $1.99B | $2.29B | $2.37B | $2.57B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | -$4.34M | $0 | $0 | $0 | -$41.17M | -$23.42M | -$11.41M | -$117.72M | -$2.29B | -$2.37B | -$2.57B |
| Total Long-Term Assets | $1.12B | $1.13B | $989.71M | $1.05B | $1.55B | $1.61B | $1.78B | $1.65B | $1.92B | $1.98B | $1.88B | $2.29B | $2.37B | $2.57B |
| Other Assets | $1.13B | $35.76M | -$3.39M | $8.5M | -$27M | $8.51M | $9.31M | $0 | $0 | $0 | $0 | $10.18M | $0 | $0 |
| Total Assets | $1.13B | $1.17B | $1.04B | $1.08B | $1.6B | $1.65B | $1.82B | $1.73B | $2B | $2.03B | $2.03B | $2.34B | $2.48B | $2.68B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $10.51M | $5.73M | $5.91M | $3.48M | $11.12M | $21.22M | $29.12M | $27.96M | $15.76M | $3.38M | $18.53M | $18.2M | $15.97M | $12.98M |
| Short-Term Debt | $186K | $805K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $382K | $3K | $475K | $823K | $785K | $362K | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$125M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11.3M | -$2.36M | $6.58M | -$1.01M | -$1.43M | -$3.23M | -$3.14M | $2.28M | -$3.63M | $120.41M | $4.96M | -$19.74M | $173.7M | $619.02M |
| Total Current Liabilities | $11.49M | $5.73M | $14.57M | $3.48M | $11.12M | $21.22M | $29.12M | $34.65M | $20.4M | $133.19M | $24.93M | $18.2M | $189.66M | $632M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $426M | $326M | $326M | $315M | $450M | $465M | $531M | $0 | $0 | $0 | $0 | $0 | $451.85M | $9.5M |
| Long-Term Unearned Revenue | $0 | $0 | $325.92M | -$26K | $449.4M | $0 | $530.62M | -$3K | -$475K | -$823K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $282K | $291K | $84K | $26K | $597K | $0 | $382K | $3K | $475K | $823K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$426.28M | $105.59M | -$326M | $0 | -$450M | $0 | -$531M | $0 | $0 | $0 | $0 | $0 | -$451.85M | -$9.5M |
| Total Long-Term Liabilities | $428.66M | $431.59M | $326M | $315M | $450M | $465M | $531M | $555M | $600M | $450M | $575.21M | $18.2M | $451.85M | $9.5M |
| Other Liabilities | $428.66M | $437.32M | $2.58M | $367.66M | $55.67M | $452.38M | $55.58M | $3K | $6.03M | $7.17M | $1.66M | $586.53M | $385K | $347K |
| Total Liabilities | $440.14M | $437.32M | $343.15M | $374.61M | $516.8M | $494.81M | $615.69M | $589.65M | $626.44M | $590.36M | $601.79M | $622.93M | $641.9M | $641.85M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $41.82M | $194.77M | $27.13M | $0 | $756K | $0 | $0 | $0 |
| Common Stock | $413K | $413K | $2.48M | $2.48M | $2.48M | $2.48M | $2.48M | $2.49M | $2.52M | $2.53M | $2.56M | $2.61M | $2.67M | $2.63M |
| Retained Earnings | -$237.1M | -$271.97M | -$343.72M | -$385.53M | -$65.46M | -$37.16M | -$41.82M | -$194.77M | -$1.15M | -$1.12M | -$475K | $1.61M | $167.18M | $390.08M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$41.82M | -$194.77M | -$27.13M | -$19.4M | -$110.88M | $0 | $0 | $0 |
| Other Stockholders' Equity | $922.06M | $1B | $1.04B | $1.09B | $1.15B | $1.19B | $1.25B | $1.33B | $1.37B | $1.44B | $1.43B | $1.71B | $1.67B | $1.65B |
| Total Equity | $685.37M | $730.71M | $700.84M | $705.93M | $1.09B | $1.15B | $1.21B | $1.14B | $1.37B | $1.44B | $1.43B | $1.72B | $1.84B | $2.04B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.13B | $1.17B | $1.04B | $1.08B | $1.6B | $1.65B | $1.82B | $1.73B | $2B | $2.03B | $2.03B | $2.34B | $2.48B | $2.68B |
| Supplementary Data | ||||||||||||||
| Total Debt | $426.19M | $426.8M | $326M | $315M | $450M | $415M | $531M | $505M | $550M | $525M | $525M | $550M | $0 | $0 |
| Net Debt | $416.03M | -$2.73M | $317.88M | $312.62M | $444.43M | $412.2M | $529.84M | $500.65M | $544.83M | $519.76M | $524.04M | $546.73M | -$27.94M | -$39.82M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $36.4M | $111.62M | $76.64M | -$297.71M | $15.28M | $25.43M | $162.26M | -$107.18M | $40.16M | $134.16M | -$156.45M | $24.56M | -$125.11M | $187.5M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26K | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $2.13M | -$2.8M | $1.99M | $4.91M | -$1.36M | $1.64M | -$2.11M | $1.45M | -$269K | $405K | $4.23M | -$620K | -$2.43M | $3.64M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $521 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.83M | -$5.34M | $1.7M | -$1.83M | -$4.02M | $312K | $360K | $10.26M | $7.21M | -$18.53M | $3.9M | $0 | $0 | $0 |
| Total Working Capital Change | $3.96M | -$8.15M | $3.69M | $3.08M | -$5.38M | $1.95M | -$1.75M | $11.71M | $6.94M | -$18.12M | $8.13M | -$6.04M | -$2.43M | $3.64M |
| Other Non-Cash Items | -$30.51M | -$131.82M | $51.18M | $496.81M | $51.6M | $166.58M | -$97.03M | $243.07M | $49.23M | $48.14M | $325.72M | $260.56M | $198.48M | -$107.52M |
| Net Cash from Operating | $9.85M | -$28.35M | $131.51M | $202.19M | $61.49M | $193.97M | $63.48M | $147.6M | $96.34M | $164.17M | $177.4M | $279.07M | $73.37M | $79.98M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$364.65M | -$410.78M | -$336.47M | -$347.72M | -$719.45M | $0 | -$868.69M | -$937.64M | -$1.14B | -$1.09B | $0 | $0 | $0 | $0 |
| Sales of Investments | $433.08M | $344.59M | $442.76M | $546.21M | $726.06M | $0 | $902.48M | $1.04B | $1.27B | $1.14B | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $66.19M | -$106.3M | -$198.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $68.43M | -$66.19M | $106.3M | $198.49M | $6.61M | $0 | $33.79M | $105.43M | $138.99M | $49.47M | $0 | $0 | $0 | $51.37M |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | -$11M | $135M | -$35M | $116M | - | - | -$25M | - | $25M | - | - | - |
| Common Stock Issuance | $0 | $100M | -$50M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$5.37M | -$13.9M | -$5.45M | -$14.55M | -$26.09M | -$36.99M | $0 | $0 |
| Dividends Paid | -$81.74M | -$81.74M | -$81.74M | -$81.74M | -$81.74M | -$81.74M | -$91.34M | -$105.42M | -$105.95M | -$106.9M | -$108.53M | -$120.46M | -$111.7M | -$109.66M |
| Other Financing Activities | $38K | -$8.05M | $7.66M | $228K | -$4K | -$461K | $738K | -$5.72M | -$787K | $6.23M | $114K | $0 | $33.01M | $12.58M |
| Net Cash from Financing | -$82.32M | $11.02M | -$113.08M | -$216.51M | -$46.74M | -$198.2M | -$95.97M | -$125.04M | -$87.19M | -$115.22M | -$159.51M | -$157.45M | -$78.7M | -$97.08M |
| Forex Effect | $3.85M | -$101K | $64K | -$147K | $29K | -$24K | $102K | -$14K | -$19K | -$76.85M | -$80.21M | -$51.1M | -$6.56M | $5.55M |
| Net Change in Cash | -$186K | -$17.43M | $18.5M | -$14.47M | $14.78M | -$4.26M | -$32.39M | $22.54M | $9.13M | -$27.9M | -$62.32M | $70.52M | -$11.88M | $39.82M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $9.85M | -$28.35M | $131.51M | $202.19M | $61.49M | $193.97M | $63.48M | $147.6M | $96.34M | $164.17M | $177.4M | $279.07M | $73.37M | $79.98M |
| Capital Expenditure | $4 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $9.85M | -$28.35M | $131.51M | $202.19M | $61.49M | $193.97M | $63.48M | $147.6M | $96.34M | $164.17M | $177.4M | $279.07M | $73.37M | $79.98M |
| Cash at Beginning | $10.34M | $27.77M | $9.27M | $23.74M | $8.96M | $13.22M | $45.61M | $17.37M | $8.24M | $36.14M | $98.46M | $27.94M | $39.82M | $0 |
| Cash at End | $10.15M | $10.34M | $27.77M | $9.27M | $23.74M | $8.96M | $13.22M | $39.92M | $17.37M | $8.24M | $36.14M | $98.46M | $27.94M | $39.82M |