Gladstone Capital Corporation (Nasdaq: GLAD) has reported its financial results for the third quarter ending June 30, 2025. The company announced a net increase in net assets resulting from operations of $7.4 million, or $0.33 per share, compared to $8.8 million, or $0.39 per share, for the previous quarter ending March 31, 2025. The increase in net assets was primarily driven by $11.3 million of net investment income. Significant subsequent events include the payoff of a $3.7 million debt investment in 8th Avenue Food and Provisions, Inc., and new investments of $25.0 million in MASSiv Brands, LLC, $15.0 million in Alsay, Inc., and $23.7 million in Snif-Snax, LLC. These investments were made through secured first lien debt, second lien debt, and preferred equity. The company's portfolio activity demonstrates a focus on expanding its investment portfolio to support future shareholder distributions. Total expenses remained unchanged quarter over quarter, with a decrease of $0.6 million in interest expense being offset by a $0.5 million increase in net base management and incentive fees. The weighted average principal balance of the interest-bearing investment portfolio decreased to $647.2 million from $682.6 million in the previous quarter. Gladstone Capital's President, Bob Marcotte, expressed confidence in the company's ability to grow its investment portfolio, emphasizing the underlying strength of their lower middle market deal focus.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gladstone Capital Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1056293) on August 04, 2025, and is solely responsible for the information contained therein.
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