Core Insights - Chicago Atlantic BDC, Inc. reported strong financial results for Q3 2025, highlighting its differentiated strategy and robust portfolio management amidst industry challenges [1][3]. Financial Performance - Total investment income for Q3 2025 was approximately $15.1 million, with interest income contributing $13.8 million [5][7]. - The company incurred net expenses of approximately $5.6 million, resulting in net investment income of approximately $9.5 million, or $0.42 per weighted average share [5][21]. - The net increase in net assets from operations was approximately $8.8 million, or $0.39 per weighted average share [5][21]. Portfolio and Investment Activity - The investment portfolio had an aggregate fair value of approximately $311.4 million across 37 portfolio companies as of September 30, 2025 [8][19]. - During Q3 2025, the company funded eleven portfolio companies with an aggregate par value of $66.3 million, including seven new borrowers [8][21]. - There were no loans on non-accrual status as of September 30, 2025, indicating strong credit quality [8][3]. Liquidity and Capital Resources - As of September 30, 2025, the company had $99.5 million in liquidity, including $10.5 million in cash and cash equivalents [6][19]. - The company had $11 million outstanding on its $100 million senior credit facility, with $7.5 million outstanding as of November 12, 2025 [6][19]. Net Asset Value and Dividends - The net asset value (NAV) per share increased to $13.27 as of September 30, 2025, compared to $13.23 as of June 30, 2025 [9][19]. - The Board of Directors declared a cash dividend of $0.34 per share for the quarter ending December 31, 2025, payable on January 15, 2026 [10][21].
Chicago Atlantic BDC, Inc. Reports Third Quarter 2025 Financial Results