Golub Capital(US:GBDC)2025-02-05 19:09Financial Performance - Adjusted net investment income per share was $0.39, resulting in an Adjusted NII ROE of 10.1%[8] - Adjusted earnings per share reached $0.42, translating to an Adjusted ROE of 11.0%[8] - A quarterly base distribution of $0.39 per share was declared for FY 2025 Q1, with a strong coverage ratio of 103%[8] - Total announced distributions amounted to $0.39 per share, yielding a 10.3% dividend based on the December 31, 2024 NAV[8] Portfolio and Investment Activities - The investment portfolio expanded to $8.7 billion at fair value, with new investment commitments totaling $1.2 billion, of which $750.1 million were funded at close[8] - Net funds increased by $449.8 million, representing a 5.5% growth in portfolio size quarter-over-quarter[8] - Internal performance ratings improved, with nearly 90% of the portfolio at fair value rated '4' or '5'[8] - Non-accrual investments decreased to 0.5% of total investments at fair value following the restructuring of three portfolio companies[8] Balance Sheet and Liquidity - Net asset value stood at $15.13 per share, a slight decrease of $0.06 per share from the previous quarter[8] - Total available liquidity reached $1.1 billion[8] - GAAP debt-to-equity ratio, net increased to 1.19x[8]