SLR Investment (US:SLRC)2025-11-04 21:45Financial Performance - Net investment income for Q3 2025 was $21.6 million, or $0.40 per share, with a quarterly distribution declared at $0.41 per share[2][5] - Net investment income for the three months ended September 30, 2025, was $21,626,000, compared to $24,348,000 for the same period in 2024, reflecting a decrease of approximately 11.2%[38] - The company reported a net increase in net assets resulting from operations of $23,305,000 for the three months ended September 30, 2025, compared to $22,049,000 for the same period in 2024, an increase of about 5.7%[38] - Earnings per share for the three months ended September 30, 2025, was $0.43, up from $0.40 in the same period of 2024, representing a growth of 7.5%[38] - Total investment income for the three months ended September 30, 2025, was $56,992,000, a decrease from $59,771,000 in the same period of 2024, down by approximately 4.7%[37] Asset and Liability Management - As of September 30, 2025, net asset value (NAV) increased to $18.21 per share from $18.19 per share at June 30, 2025[3][5] - As of September 30, 2025, total assets amounted to $2,529,892,000, an increase from $2,449,417,000 as of December 31, 2024, representing a growth of approximately 3.3%[34][35] - Total liabilities were reported at $1,536,605,000, up from $1,456,491,000, indicating an increase of about 5.5%[35] - As of September 30, 2025, the net debt-to-equity ratio was 1.13x, within the target range of 0.9x to 1.25x[28] Investment Portfolio - The investment portfolio fair value was $2.1 billion, with a comprehensive investment portfolio fair value of $3.3 billion[5] - Approximately 85% of the portfolio fair value consists of specialty finance loans, which are expected to provide attractive risk-adjusted returns[4] - Comprehensive investment portfolio originations totaled $447.0 million, with repayments of $418.9 million during the quarter[6][8] - Non-accruals were low at 0.3% at fair value and 0.5% at cost of the investment portfolio[5] Capital and Commitments - The company had over $850 million of available capital, including anticipated borrowing capacity[29] - Unfunded commitments amounted to approximately $316.3 million, excluding discretionary commitments[30] Strategic Focus - The company continues to focus on investing in leveraged, U.S. upper middle market companies, indicating a strategic emphasis on niche markets[39] - The company declared a quarterly distribution of $0.41 per share, payable on December 26, 2025[31] Cash Position - Cash and cash equivalents as of September 30, 2025, totaled $394,451,000, compared to $414,271,000 as of December 31, 2024, indicating a decrease of about 4.8%[34][35]