Crescent Capital BDC(US:CCAP)2025-11-12 21:15Financial Performance - Crescent Capital BDC reported net investment income of $0.46 per share and net income of $0.19 per share for Q3 2025, with a net asset value (NAV) per share of $19.28[2] - Investment income for Q3 2025 was $41.4 million, a decrease from $43.0 million in Q2 2025, primarily due to a decline in interest income[6] - Total investment income for the three months ended September 30, 2025, was $41.352 million, a decrease of 20% from $51.632 million in the same period of 2024[15] - Net investment income for the three months ended September 30, 2025, was $16.929 million, down 28% from $23.540 million in the prior year[15] - Net investment income per share (basic and diluted) for the three months ended September 30, 2025, was $0.46, down from $0.64 in the same period of 2024[15] Dividends - The company declared a fourth quarter 2025 regular cash dividend of $0.42 per share, payable on January 15, 2026[3] Investments - Total investments at fair value decreased to $1,580.7 million as of September 30, 2025, down from $1,600.7 million as of June 30, 2025[4] - The company invested $73.9 million across 7 new portfolio companies during Q3 2025, compared to $57.5 million across 3 new portfolio companies in Q2 2025[5] - The weighted average yield on income-producing securities at cost was 10.4% for Q3 2025, unchanged from Q2 2025[4] - Net realized and unrealized losses on investments for the three months ended September 30, 2025, amounted to $9.827 million, compared to losses of $8.216 million in the same period of 2024[15] Expenses - Total net expenses for Q3 2025 were $24.5 million, down from $26.1 million in Q2 2025[7] - Total expenses for the three months ended September 30, 2025, were $24.165 million, a decrease of 12% from $27.544 million in the same period of 2024[15] Assets and Liabilities - As of September 30, 2025, the company had $27.8 million in cash and cash equivalents and $239.8 million of undrawn capacity on its credit facilities[8] - The debt to equity ratio was 1.23x as of September 30, 2025[8] Net Assets - The company had a net increase in net assets resulting from operations of $7.1 million for Q3 2025[4] - The net increase in net assets resulting from operations for the three months ended September 30, 2025, was $7.102 million, compared to $15.268 million in the same period of 2024[15] Company Overview - Crescent BDC manages over $48 billion in assets, focusing on below investment grade credit through various debt securities[17] - Crescent BDC aims to maximize total return for stockholders through capital solutions for middle market companies with strong growth prospects[16] - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent[16] - Crescent BDC has elected to be regulated as a business development company under the Investment Company Act of 1940[16]