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Fidus Investment Corporation Schedules Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-31 20:05
EVANSTON, Ill., July 31, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) ("Fidus" or the "Company") today announced that it will report its second quarter 2025 financial results on Thursday, August 7, 2025 after the close of the financial markets. Shelby E. Sherard Alliance Advisors IR Chief Financial Officer Jody Burfening Fidus Investment Corporation (212) 838-3777 Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, August 8, 2 ...
Fidus Investment Corporation Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-08 20:05
Core Insights - Fidus Investment Corporation reported a base dividend of $0.43 and a supplemental dividend of $0.11 per share for the second quarter of 2025, reflecting a commitment to returning value to shareholders [13] - The company achieved a net investment income of $18.2 million, or $0.53 per share, for the first quarter of 2025, representing a 3.4% increase compared to the same period in 2024 [9][6] - Total investment income for the first quarter of 2025 was $36.5 million, up 5.3% from $34.7 million in the first quarter of 2024 [6][7] Financial Performance - Interest income increased by $2.2 million, or 7.8%, to $30.3 million in Q1 2025 compared to Q1 2024, driven by higher average debt investment balances [5][7] - The company realized a net gain of $11.5 million from monetizing two equity investments, contributing positively to the net asset value (NAV) [3][10] - The NAV as of March 31, 2025, was $677.9 million, or $19.39 per share, reflecting a slight increase from $655.7 million at the end of 2024 [6][26] Investment Activities - Fidus invested $115.6 million in debt and equity securities during the first quarter of 2025, including seven new portfolio companies [6] - The fair value of the investment portfolio totaled $1.2 billion, consisting of 92 active portfolio companies [11] - The weighted average yield on debt investments was 13.2% as of March 31, 2025 [11] Expense Management - Total expenses for the first quarter of 2025 were $18.3 million, an increase of 7.3% from $17.0 million in Q1 2024, primarily due to higher interest and financing expenses [8][9] - The increase in expenses was attributed to a rise in average borrowings and weighted average interest rates [8] Future Outlook - The company declared dividends totaling $0.54 per share for the second quarter of 2025, indicating ongoing confidence in its financial stability [13] - Fidus continues to focus on building a diversified portfolio of high-quality investments with resilient business models [3]
Fidus Investment Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-04-24 20:05
Core Viewpoint - Fidus Investment Corporation will report its first quarter 2025 financial results on May 8, 2025, and will host a conference call to discuss these results on May 9, 2025 [1][2]. Company Overview - Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, defined as U.S. companies with revenues between $10 million and $150 million [4]. - The company's investment objective is to generate attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity-related investments [4]. - Fidus seeks to partner with business owners, management teams, and financial sponsors for financing related to ownership changes, recapitalizations, strategic acquisitions, and business expansions [4]. - Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940 [5]. - The company was formed in February 2011 and is licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC) [5].