Golub Capital(US:GBDC)2025-11-19 15:00Financial Performance - Adjusted net investment income per share remained solid at $0.39, resulting in an adjusted NII ROE of 10.4%[10] - Adjusted earnings per share were $0.36, translating to an adjusted ROE of 9.6%[10] - The company declared a quarterly base distribution of $0.39 per share for FY 2026 Q1, with distribution coverage remaining strong at approximately 100%[10] - Net asset value decreased slightly to $14.97 per share, a decrease of $0.03 from the previous quarter[10] Portfolio & Credit Quality - The investment portfolio at fair value totaled $8.8 billion, with $370.8 million in exits/sales and $86.5 million in new investment commitments[10] - Approximately 90% of the total investment portfolio maintained internal performance ratings of '4' or '5', indicating continued strong portfolio company performance[10, 42] - Non-accrual investments decreased to 0.3% of total investments at fair value (0.6% at cost)[10] Balance Sheet & Liquidity - The GAAP debt-to-equity ratio, net, decreased to 1.23x[10] - The weighted average cost of debt was 5.6%[10] - Total available liquidity stood at $1.2 billion[10] Capital Allocation - The company repurchased 0.4 million shares for $5.2 million at an average price of $14.02 per share, representing 94% of net asset value[10]