Gladstone Investment(US:GAIN)2025-11-04 21:35Investment Income - Total investment income for Q2 2025 was $25.3 million, an increase of 7.4% from $23.5 million in Q1 2025[2] - Net investment income decreased to $4.3 million, or $0.11 per share, down 52.9% from $9.1 million, or $0.25 per share in the previous quarter[2][3] - Cash distribution per common share from net investment income was $0.24, down 11.1% from $0.27 in the previous quarter[2] Expenses - Total expenses rose to $21.0 million, a 45.3% increase from $14.5 million in Q1 2025, primarily due to higher accruals for capital gains-based incentive fees[2][5] Net Assets and Valuation - Net unrealized appreciation of investments was $54.4 million, contributing to a net increase in net assets resulting from operations of $28.7 million, a 269.4% increase from $7.8 million in Q1 2025[2][6] - Net asset value per common share increased to $13.53, up 4.2% from $12.99 in the previous quarter[2][6] Investments and Transactions - The company invested $67.6 million in Global GRAB Technologies, Inc. and restructured a $20.0 million loan with J.R. Hobbs Co., resulting in a realized loss of $29.9 million[7] - The company sold 2,238,361 shares under its ATM program, raising approximately $31.1 million at a weighted-average price of $14.10 per share[3][9] - Total investments at fair value increased to $1.13 billion, a 9.1% rise from $1.04 billion in the previous quarter[2] - The number of portfolio companies increased to 28, up from 27 in the previous quarter[2]