Gladstone Capital ( (GLAD) ) has released its Q2 earnings. Here is a breakdown of the information Gladstone Capital presented to its investors.
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Gladstone Capital Corporation is a publicly-traded business development company that primarily invests in debt and equity securities, focusing on secured first and second lien term loans to lower middle market businesses in the United States.
In its latest earnings report for the second quarter ended March 31, 2025, Gladstone Capital Corporation announced a slight decrease in total investment income to $21.6 million, down by 1.8% from the previous quarter. Despite this, the company maintained its net investment income per common share at $0.50.
Key financial highlights include a net realized gain of $7.7 million from successful portfolio exits and a decrease in net assets resulting from operations to $8.8 million, compared to $27.0 million in the previous quarter. The company invested $38.3 million in new portfolio companies and $7.3 million in existing ones, with secured first lien assets comprising over 70% of its debt investments.
Looking ahead, Gladstone Capital Corporation’s management remains optimistic about future growth, citing a strong balance sheet and a healthy backlog of deals to support shareholder distributions in the coming quarters.