Gladstone Capital (US:GLAD)2025-11-17 21:26Investment Income - Total investment income for Q4 2025 was $23.9 million, a 10.5% increase from $21.7 million in Q3 2025[3] - Net investment income for Q4 2025 was $11.4 million, or $0.52 per share, compared to $11.3 million, or $0.50 per share in Q3 2025, reflecting a 1.3% increase[3][8] - For the fiscal year ended September 30, 2025, total investment income was $89.1 million, a decrease of 7.8% from $96.6 million in 2024[4][10] Cash Distribution - Cash distribution per common share increased to $0.59 in Q4 2025, up 18.0% from $0.50 in Q3 2025[3] Expenses - Total expenses for Q4 2025 rose to $12.5 million, a 20.5% increase from $10.4 million in Q3 2025, primarily due to higher interest expenses[3][6] Investments - Total investments at fair value increased to $859.1 million as of September 30, 2025, a 14.4% increase from $751.3 million as of June 30, 2025[3] - The company invested $106.7 million in five new portfolio companies during Q4 2025[7] Net Assets - The net increase in net assets resulting from operations for FY 2025 was $57.2 million, or $2.56 per share, down from $94.5 million, or $4.34 per share in FY 2024[4][13] Yield - The weighted average yield on interest-bearing investments decreased to 12.5% in Q4 2025 from 12.8% in Q3 2025[3][5] Financing - The company issued 5.875% Convertible Notes due 2030, raising gross proceeds of $149.5 million[7]