Goldman Sachs BDC Inc. ( (GSBD) ) has released its Q1 earnings. Here is a breakdown of the information Goldman Sachs BDC Inc. presented to its investors.
Goldman Sachs BDC, Inc. is a specialty finance company that operates as a business development company under the Investment Company Act of 1940, focusing on middle-market companies in the United States with a primary aim of generating current income through secured debt investments.
In its latest earnings report for the first quarter of 2025, Goldman Sachs BDC, Inc. announced a net investment income per share of $0.42 and earnings per share of $0.27. The company declared a second quarterly base dividend of $0.32 per share, a special dividend of $0.16 per share, and a first-quarter supplemental dividend of $0.05 per share.
Key financial highlights include a decrease in net asset value per share to $13.20 from $13.41 at the end of 2024, and total investments valued at $3,861.6 million across 163 portfolio companies. The company reported new investment commitments of $87.8 million, with net funded investment activity resulting in a decrease of $87.7 million. Investments on non-accrual status represented 1.9% of the total investment portfolio at fair value.
The company’s net debt-to-equity ratio remained stable at 1.16x, with 48% of its debt being unsecured. The board approved a reduction in the base quarterly dividend, with potential for supplemental distributions based on net investment income.
Looking ahead, Goldman Sachs BDC, Inc. remains focused on its strategic investment approach, with management expressing confidence in the company’s ability to navigate market conditions and continue delivering value to shareholders.