Quarterly ResultMay 4, 2026, 04:23 PM
Golub Capital BDC Q2 EPS ($0.18); NAV $14.35; Unrealized Losses
AI Summary
Golub Capital BDC, Inc. reported a net loss of ($0.18) per share for its second fiscal quarter ended March 31, 2026, primarily driven by ($0.51) per share in net unrealized losses on investments. The company's Net Asset Value (NAV) decreased to $14.35 per share from $14.84. Adjusted net investment income per share was $0.34, and GBDC declared a quarterly base distribution of $0.33 per share. The company also repurchased 2.2 million shares for $27.8 million and maintained $1.4 billion in total available liquidity.
Key Highlights
- Reported a net loss of ($0.18) per share for the second fiscal quarter ended March 31, 2026.
- Net unrealized losses on investments totaled ($0.51) per share, primarily due to credit spread widening.
- Net Asset Value (NAV) decreased to $14.35 per share from $14.84 as of December 31, 2025.
- Adjusted net investment income per share was $0.34 for the quarter.
- Declared a quarterly base distribution of $0.33 per share for FY 2026 Q3.
- Repurchased 2.2 million shares for $27.8 million at a weighted average price of $12.43 per share.
- Total investment portfolio at fair value was $8.3 billion, with net funds growth of ($322.0) million.
- Non-accrual investments increased to 1.4% of total investments at fair value (2.3% at cost).
Price Impact
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