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Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2024
MCLEAN, VA / ACCESSWIRE / November 13, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its fourth quarter and
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / November 13, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced earnings for its fourth quarter and fiscal year ended September 30, 2024. Please read the Company's Annual Report on Form 10-K filed today with the U.S. Securities and Exchange Commission (the \"SEC\"), which is available on the SEC's website at www.sec.gov and the Investors section of the Company's website at www.GladstoneCapital.com.Summary Information (dollars in thousands, except per share data) (unaudited): For the Quarter Ended: September 30,2024 June 30,2024 Change % Change Total investment income $23,714 $25,689 $(1,975) (7.7)%Total expenses, net of credits (12,759) (13,296) 537 (4.0)Net investment income 10,955 12,393 (1,438) (11.6)Net investment income per common share(A) 0.50 0.57 (0.07) (12.3)Cash distribution per common share(A) 0.50 0.50 0.00 0.0 Net realized gain (loss) 214 3,315 (3,101) (93.5)Net unrealized appreciation (depreciation) 20,767 3,436 17,331 504.4 Net increase (decrease) in net assets resulting from operations 31,817 19,056 12,761 67.0 Weighted average yield on interest-bearing investments 14.0% 13.9% 0.1% 0.7 Total invested $28,527 $46,389 $(17,862) (38.5)Total repayments and net proceeds 12,638 86,420 (73,782) (85.4) As of: September 30,2024 June 30,2024 Change % Change Total investments, at fair value $796,260 $757,745 $38,515 5.1%Fair value, as a percent of cost 103.3% 100.6% 2.7% 2.7 Net asset value per common share(A) $21.18 $20.18 $1.00 5.0 (A) Per common share amounts have been adjusted on a retroactive basis to reflect the 1-for-2 reverse stock split effected on April 4, 2024. For the Year Ended: September 30, 2024 September 30,2023 Change % Change Total investment income $96,621 $86,434 $10,187 11.8%Total expenses, net of credits (50,562) (45,414) (5,148) 11.3 Net investment income 46,059 41,020 5,039 12.3 Net investment income per common share(A) 2.11 2.20 (0.09) (4.1)Cash distribution per common share(A) 1.98 1.89 0.09 4.8 Net realized gain (loss) 5,959 12,664 (6,705) (52.9)Net unrealized appreciation (depreciation) 42,703 (11,016) 53,719 (487.6)Net increase (decrease) in net assets resulting from operations 94,506 42,668 51,838 121.5 Weighted average yield on interest-bearing investments 13.9% 13.3% 0.6% 4.5 Total invested $177,649 $175,477 $2,172 1.2 Total repaymen...