Quarterly ResultMay 13, 2026, 06:08 AM
Investcorp Credit Management BDC Q1 EPS $(0.60); NAV $3.65
AI Summary
Investcorp Credit Management BDC reported a net loss of $(8.63) million for Q1 2026, resulting in an EPS of $(0.60), a significant decline from a net increase of $2.21 million and EPS of $0.15 in Q1 2025. The company's Net Asset Value per share decreased to $3.65 from $4.25 at the end of 2025. Total investments and net assets also saw a notable decrease, primarily due to a substantial net change in unrealized depreciation on investments. The company also refinanced its 2026 Notes with new 2029 Notes.
Key Highlights
- Q1 2026 Net Loss: $(8.63) million, compared to a $2.21 million net increase in Q1 2025.
- Q1 2026 Earnings Per Share: $(0.60), down from $0.15 in Q1 2025.
- Net Asset Value (NAV) per share: Decreased to $3.65 as of March 31, 2026, from $4.25 at December 31, 2025.
- Total Investments at fair value: Decreased to $151.42 million from $172.66 million at December 31, 2025.
- Net change in unrealized depreciation on investments: $(8.83) million in Q1 2026, compared to $3.23 million appreciation in Q1 2025.
- Refinanced $65.0 million of 2026 Notes payable with new 2029 Notes payable.
- Total investment income: Decreased to $3.55 million in Q1 2026 from $4.37 million in Q1 2025.
- Waiver of base management fees: Increased to $(455,783) in Q1 2026 from $(74,143) in Q1 2025.