Quarterly ResultMay 5, 2026, 04:33 PM
Saratoga Investment FY26 AUM +13.4%, NAV +0.9%; Annual ROE 9.1%
AI Summary
Saratoga Investment Corp. announced its financial results for the fiscal year and fourth quarter ended February 28, 2026. The company reported a 13.4% increase in Assets Under Management (AUM) and a 0.9% increase in Net Asset Value (NAV) year-over-year, alongside an annual Return on Equity (ROE) of 9.1%. Despite these gains, Net Investment Income (NII) per share declined, and NAV per share decreased both year-over-year and sequentially, reflecting impacts from declining interest rates and competitive market dynamics. The company also reported $101.1 million in net deployments for the fourth quarter.
Key Highlights
- Assets Under Management (AUM) increased 13.4% year-over-year to $1.109 billion.
- Net Asset Value (NAV) increased 0.9% year-over-year to $396.2 million, but NAV per share decreased to $24.42.
- Annual Return on Equity (ROE) for fiscal year 2026 was 9.1%, up from 7.5% in the prior year.
- Net deployments for Q4 2026 were $101.1 million, including five new platforms and fifteen follow-ons.
- Non-accruals remained low at 0.2% of fair value and 1.2% of cost.
- Total Investment Income for FY26 decreased 15.5% to $125.7 million.
- Net Investment Income (NII) per share for FY26 was $2.32, down from $3.81 in FY25.
- Total dividends per share for FY26 were $3.74, including a $0.25 special dividend.