FEBRUARY 17, 2026 SUPPLEMENTAL FINANCIAL REPORT FOURTH QUARTER 2025 1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use o ...

Financial Performance - GAAP Net Income was approximately $1 million, or $0.01 per share[8] - Distributable Earnings were $33 million, or $0.03 per share[8] - Adjusted Distributable Earnings were $212 million, or $016 per share[8] - A dividend of $016 per share was declared and paid for Q3'25, representing a 121% yield on the current share price[8] Portfolio Overview - Total At-Share Assets (Undepreciated) amounted to $35 billion[6] - The total loan portfolio was $24 billion, consisting of 85 total loans with an average loan size of $28 million[6] - The W A Unlevered All-in Yield was 77%[6] - 91% of the loans were less than $50 million in size, based on loan count[6] - The loan portfolio had a W A risk ranking of 31[8] - Total CECL reserve was $127 million, or $098 per share[8] Liquidity & Capitalization - Total liquidity was $280 million, including $87 million of unrestricted cash ($067 per share) and a $165 million fully undrawn corporate revolver[6] - Master Repurchase Facilities Availability was $11 billion[6] - The Debt-to-Equity Ratio was 19x[6]

Financial Performance - GAAP Net Loss was $(231) million, or $(019) per share[7] - Distributable Earnings were $34 million, or $003 per share[7] - Adjusted Distributable Earnings reached $229 million, or $018 per share[7] - A dividend of $016 per share was declared and paid for Q2'25, representing a 130% yield on the current share price[7] Portfolio Overview - Total at-share assets amounted to $35 billion, predominantly in floating-rate senior loans[7,8] - The loan portfolio totaled $24 billion with an average loan size of $30 million and a W A unlevered yield of 78%[7] - Positive net deployment during Q2'25 was $86 million[7] - The company committed $98 million of capital across two new loans and a cross-collateralized preferred equity investment in Q2'25[7] Liquidity and Capitalization - Available liquidity was $325 million, including unrestricted cash, revolver capacity, and approved undrawn borrowings[7] - Total master repurchase facility capacity was $20 billion with $12 billion of availability[7] - The company repurchased 06 million shares of Class A common stock for $29 million at a blended price of $519 per share[7] Loan Portfolio Risk - The W A risk ranking of the loan portfolio improved to 31 from 32 in Q1'25[7] - Watch list loans decreased to 5 loans totaling $202 million, representing 9% of the loan portfolio, a ~50% reduction from Q1'25[7] - Total CECL reserve was $137 million, or $106 per share[7]

Financial Performance - Net loss was $(7.9) million, or $(0.23) per share[11] - Adjusted Distributable Earnings were $9.0 million, or $0.26 per share[11] - Shareholders' equity was $228.5 million, with a book value per share of $6.08[11] Portfolio Allocation - Capital allocation to CLOs increased to 81% as of March 31, 2025, compared to 72% as of December 31, 2024[11] - The CLO portfolio grew to $249.9 million as of March 31, 2025, from $171.1 million as of December 31, 2024[11] - Agency RMBS portfolio was $503.9 million as of March 31, 2025[11] Market Conditions - The dividend rate was 17.1% based on the May 19, 2025, closing price of $5.62 and a monthly dividend of $0.08 per common share declared on May 7, 2025[11] - The weighted average constant prepayment speed on fixed-rate specified pools decreased quarter over quarter to 7.2 CPR from 9.5 CPR[11] Strategic Changes - The company completed its conversion to a CLO closed-end fund on April 1, 2025[11] - The entirety of Agency RMBS was sold and related TBA hedges were covered following the conversion in early April[11]

Financial Performance - Vinci Compass reported Fee Related Earnings (FRE) of R$657 million in 1Q'25, a 22% increase year-over-year[12] - The company's Performance Related Earnings (PRE) reached R$17 million in 1Q'25, up 37% compared to the same period last year[12] - Adjusted Distributable Earnings (DE) stood at R$623 million in 1Q'25, reflecting a 26% increase year-over-year[12] - Adjusted DE per share was R$098 in 1Q'25, a 6% increase year-over-year[12] - The company declared a quarterly dividend of US$015 per common share[88] Assets Under Management (AUM) - Total AUM reached R$3046 billion, a significant 342% increase year-over-year, primarily driven by the combination with Compass, as well as acquisitions of Lacan and MAV[17] - Capital subscriptions in 1Q'25 totaled R$11 billion, mainly from the Credit segment with PEPCO II and SPS IV[17] - AUM decreased 7% quarter-over-quarter, mainly due to a R$189 billion negative impact from FX variation[17] Segment Performance - Private Equity contributed 37% to Fee Related Earnings (FRE) in 1Q'25 LTM[48] - Real Assets accounted for 20% of FRE in 1Q'25 LTM[48] - Global IP&S contributed 17% to FRE in 1Q'25 LTM[48]

Financial Performance - GAAP net income was $53 million, or $004 per share[8] - Distributable earnings were $114 million, or $009 per share[8] - Adjusted distributable earnings reached $201 million, or $016 per share[8] - A dividend of $016 per share was declared and paid for Q1'25, representing a 134% yield on the current share price[8] Portfolio Overview - Total at-share assets amounted to $37 billion, predominantly in floating-rate senior loans[6,8] - The loan portfolio totaled $25 billion, comprising 74 loans with an average size of $33 million and a weighted average unlevered yield of 74%[6,8] - The company deployed $49 million of net capital year-to-date, committing $112 million across four new loans in Q1'25 and subsequently committing $70 million to one new loan[8] Liquidity and Capitalization - Available liquidity stood at $310 million, including $145 million in unrestricted cash and $165 million in corporate revolver capacity[6,8] - The company has $20 billion in total master repurchase facility capacity, with $12 billion available[8] - The debt-to-equity ratio was 20x, and the weighted average all-in cost of financing was 596%[6]