Stellus Capital Investment (US:SCM) Prnewswireยท2025-11-10 21:13Core Insights - Stellus Capital Investment Corporation reported solid operating results for the fiscal quarter ended September 30, 2025, with U.S. GAAP net investment income of $0.32 per share and core net investment income of $0.34 per share [2][9] - The company funded $64 million in investments and received $39 million in repayments, resulting in a total portfolio valued at $1.01 billion [2][4] - Since inception, investors have received a total of $318 million in distributions, equating to $17.75 per share [2] Financial Highlights - For the three months ended September 30, 2025, net investment income was $9.14 million, down from $10.26 million in the same period of 2024, with a per share decrease from $0.39 to $0.32 [3][9] - Core net investment income for the same period was $9.65 million, compared to $10.62 million in 2024, with per share amounts of $0.34 and $0.40 respectively [3][9] - Total realized income for the quarter was $11.83 million, an increase from $6.94 million in the previous year [3] Portfolio Activity - As of September 30, 2025, investments at fair value totaled $1,010.2 million, up from $953.5 million at the end of 2024 [4] - The company had 115 portfolio company investments, an increase from 105 at the end of 2024 [5] - New investments for the quarter amounted to $63.8 million, significantly higher than $17.8 million in the same quarter of 2024 [5] Operating Expenses - Gross operating expenses for the quarter were $17.6 million, compared to $16.2 million in the same period of 2024 [8] - Base management fees increased to $4.4 million from $3.9 million year-over-year [8] - The company waived $0.5 million in income incentive fees due to total return limitations [8] Liquidity and Capital Resources - As of September 30, 2025, the company had $167.6 million in outstanding borrowings under its credit facility, compared to $175.4 million at the end of 2024 [13] - The credit facility allows for borrowings up to $335 million, with an accordion feature for potential expansion [12] Distributions - The company declared aggregate distributions of $0.40 per share for both the three months ended September 30, 2025, and 2024, totaling $11.4 million and $10.6 million respectively [15] - Distributions are not expected to include a return of capital [15] Recent Portfolio Activity - The company made several new investments in various sectors, including healthcare, technology, and consumer services, totaling over $50 million during the quarter [16][18] - Realized investments during the quarter included significant repayments from portfolio companies, contributing to the overall financial performance [17]