MidCap Financial Investment Corporation $(MFIC)$ reported Q4 net investment income of USD 36.0 million, or USD 0.39 per share. For FY 2025, MFIC posted net investment income of USD 142.0 million, or USD 1.52 per share. Q4 earnings per share (basic) were a loss of USD 0.14, reflecting net realized and unrealized losses of USD 48.7 million (USD 0.53 per share); FY 2025 earnings per share (basic) were USD 0.68, with net realized and unrealized losses of USD 78.8 million (USD 0.84 per share). Net asset value was USD 14.18 per share at December 31, 2025, down 3.3% for the quarter, with net assets of USD 1.31 billion and total assets of USD 3.32 billion. Debt outstanding was USD 2.00 billion and net leverage was 1.45x at quarter-end. In portfolio activity, new investment commitments totaled USD 141 million in Q4, with gross fundings (excluding revolvers) of USD 156 million and net fundings (including revolvers and Merx) of USD 25 million. MFIC repurchased 1,091,753 shares in Q4 for USD 12.9 million at a weighted average price of USD 11.81 and said this generated USD 0.03 per share of NAV accretion. The board authorized a new USD 100 million stock repurchase plan, bringing total available repurchase capacity to about USD 107.9 million, and declared a quarterly dividend of USD 0.31 per share payable March 26, 2026. Management also noted software exposure of 11.4% of the portfolio at fair value as of December 31, 2025, and said Merx repaid USD 7.5 million in Q4 and an additional USD 22.0 million in February 2026.
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. Midcap Financial Investment Corporation published the original content used to generate this news brief on February 26, 2026, and is solely responsible for the information contained therein.
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