GOLUB CAPITAL BDC, INC. EARNINGS PRESENTATION QUARTER ENDED DECEMBER 31, 2025 Confidential | for discussion purposes only Disclaimer Some of the statements in this presentation constitute forward-looking statements, which relate to future events or our future performance or financial condition. The forward-looking statements contained in this presentation involve risks and uncertainties, including statements as to: our future operating results; our business prospects and the prospects of our portfolio compa ...

Core Viewpoint - Golub Capital BDC reported quarterly earnings of $0.38 per share, matching the Zacks Consensus Estimate, but down from $0.39 per share a year ago [1]. Financial Performance - Revenues for the quarter ended December 2025 were $207.01 million, missing the Zacks Consensus Estimate by 0.93%, and down from $220.7 million year-over-year [2]. - The company has surpassed consensus revenue estimates only once in the last four quarters [2]. Stock Performance - Golub Capital BDC shares have declined approximately 5.8% since the beginning of the year, while the S&P 500 has gained 1.1% [3]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $201.68 million, and for the current fiscal year, it is $1.46 on revenues of $802.26 million [7]. - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could influence future stock performance [6]. Industry Context - The Financial - SBIC & Commercial Industry is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________________________________________________________________________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 814-00794 Golub Capital BDC ...

Golub Capital BDC logo Key Points David B. Golub and Anita J. Rival were elected as Class I directors in preliminary balloting at Golub Capital BDC and its affiliated entities' 2026 virtual annual meetings. Stockholders ratified Ernst & Young as the independent registered public accounting firm for the fiscal year ending September 30, 2026. A quorum was confirmed for the virtual meetings and the reported results are preliminary, pending final certification by the inspector of election and inclusion i ...

Golub Capital BDC, Inc. (NASDAQ:GBDC) is included among the 13 Dividend Stocks with Over 8% Yield. Golub Capital BDC (GBDC) Seen as Defensive Play in New Lucid Capital Coverage On January 15, Lucid Capital analyst Ethan Kaye initiated coverage of Golub Capital BDC, Inc. (NASDAQ:GBDC) with a Buy rating and set a $15 price target. The firm said current share prices look appealing for long-term investors. Golub stands out as one of the more “defensively positioned names in the group with a proven track reco ...

Core Viewpoint - Golub Capital BDC, Inc. will report its financial results for the quarter ended December 31, 2025 on February 4, 2026, after market close [1] - An earnings conference call is scheduled for February 5, 2026, at 10:00 a.m. Eastern Time to discuss the quarterly financial results [1] Financial Reporting - The financial results will cover the quarter ending December 31, 2025 [1] - The earnings conference call will be open to all interested parties [1]

Financial Results Announcement - Golub Capital BDC, Inc. will release its financial results for the quarter ended December 31, 2025, on February 4, 2026, after market close[4] - The press release regarding the financial results is attached as Exhibit 99.1[4] - The report does not include any financial statements or detailed performance metrics at this time[5] - No specific performance metrics or user data were disclosed in this report[4] Regulatory Compliance - The report is filed under the Securities Exchange Act of 1934, indicating compliance with regulatory requirements[5] - The filing is not deemed "filed" for purposes of Section 18 of the Exchange Act, limiting its liability[5] - The company has not elected to use the extended transition period for new financial accounting standards[3] Company Information - The company is registered under the trading symbol GBDC on The Nasdaq Global Select Market[2] - The Chief Financial Officer, Christopher C. Ericson, signed the report, indicating official company endorsement[10] - The report is part of the company's ongoing communication with investors and stakeholders regarding its financial condition[5]

Core Viewpoint - The article discusses the uncertainty surrounding the overall market as 2026 begins, prompting questions about what the year may hold for investors [1]. Group 1 - The market outlook for 2026 is uncertain, leading to speculation about potential trends and developments [1].

Core Insights - The article discusses the potential for Golub Capital BDC (GBDC) to face a dividend cut in the near future, indicating concerns about its financial stability and performance [1]. Company Analysis - Golub Capital BDC has been under scrutiny regarding its dividend sustainability, with indications that a cut may be imminent [1]. Analyst Background - The analyst, Roberts Berzins, has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1]. - Berzins has contributed to the development of financial frameworks in Latvia, particularly in the REIT sector and affordable housing [1]. - He holds a CFA Charter and an ESG investing certificate, and has experience in thought leadership for capital market development [1].

Group 1 - The article discusses the potential for Golub Capital BDC (GBDC) to face a dividend cut, indicating concerns about its financial stability and future performance [1] - The author previously highlighted the likelihood of a dividend cut in July 2025, suggesting ongoing scrutiny of the company's financial health [1] Group 2 - The author, Roberts Berzins, has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1] - Berzins has contributed to the institutionalization of the REIT framework in Latvia, aiming to enhance liquidity in pan-Baltic capital markets [1] - His work includes developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]