Gladstone Capital Corporation has released its financial results for the quarter ended June 30, 2025. The company reported a net investment income per share of $0.50, while the net asset value per share experienced a decline, falling $0.16 from the prior quarter-end to $21.25. The return on equity for the last twelve months stood at 15.8% per GAAP and 9.4% on net investment income. The total investments at fair value were reported to be $751.3 million, spread across 51 companies. During the quarter, Gladstone Capital made $73 million in new investments and received $82 million in repayments, resulting in a net decrease of $9 million in investments. The weighted average yield on debt investments increased by 20 basis points to 12.8%, largely due to one-time items. The company's portfolio remains strongly focused on secured loans, with 70% of the portfolio in first-lien loans and 90% in secured loans. The average investment by obligor was $15.3 million, accounting for 2% of the investment portfolio at fair value. At the end of the quarter, the outstanding debt was $282 million, resulting in a debt-to-equity ratio of 0.61x. Gladstone Capital also reported $278 million of availability in its bank facility at quarter-end. The company declared regular distributions of $0.165 per share for the months of July, August, and September, totaling $0.495. Post quarter-end, Gladstone Capital closed new investments amounting to $93 million, which included four new platforms.
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 on August 08, 2025, and is solely responsible for the information contained therein.
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