Business
Capital Southwest Announces Financial Results for Fourth Fiscal Quarter and Fiscal Year Ended March 31, 2025
DALLAS, May 14, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed
About this update from Capital Southwest Corporation
[{"type":"text","content":"DALLAS, May 14, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and year ended March 31, 2025. Fourth Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.8 billion Credit Portfolio of $1.6 billion 99% 1st Lien Senior Secured Debt$146.2 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 11.7%Current non-accruals with a fair value of $30.6 million, representing 1.7% of the total investment portfolio Equity Portfolio of $179.4 million $3.8 million in new equity co-investments during the quarter Pre-Tax Net Investment Income: $28.5 million, or $0.56 per weighted average common share outstandingAdjusted pre-tax net investment income of $31.3 million, or $0.61 per weighted average common share outstanding, excluding one-time net expenses of $2.8 million, or $0.05 per share, related to the departure of our former President and Chief Executive Officer(1) Estimated Undistributed Taxable Income (\"UTI\"): $0.79 per share as of March 31, 2025LTM Operating Leverage: 1.7% for the quarter ended March 31, 2025Dividends: Paid $0.58 per share Regular Dividend and $0.06 per share Supplemental Dividend 110% LTM Pre-Tax NII Regular Dividend CoverageTotal Dividends for the quarter ended March 31, 2025 of $0.64 per share Net Realized and Unrealized Depreciation: $10.3 million, or 0.6% of total investments at fair value $19.3 million of net appreciation related to the equity portfolio$25.7 million of net depreciation related to the credit portfolio$3.9 million realized and unrealized income tax provision Balance Sheet: Cash and Cash Equivalents: $43.2 millionTotal Net Assets: $883.6 millionNet Asset Value (“NAV”) per Share: $16.70 Fiscal Year 2025 Financial Highlights Total Investment Portfolio: Increased by $308.7 million in total fair value, from $1.5 billion to $1.8 billion, representing 21% growth during the year Credit Portfolio increased by $261.3 million, representing 19% growth during the year Investment Revenue: $204.4 million for the year ended March 31, 2025, re...