Gladstone Capital Corporation Reports Financial Results for its Second Quarter Ended March 31, 2026

About this update from Gladstone Capital Corporation

MCLEAN, VA / ACCESS Newswire / May 6, 2026 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its second quarter ended March 31, 2026. Please read the Company's Quarterly Report on Form 10-Q, 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): NM - not meaningful Second Fiscal Quarter 2026 Highlights: Second Fiscal Quarter 2026 Results: Total investment income increased by $1.5 million, or 6.0%, for the quarter ended March 31, 2026, compared to the prior quarter ended December 31, 2025, driven primarily by a $2.2 million increase in other income, quarter over quarter, partially offset by a $0.7 million decrease in interest income, quarter over quarter. The decrease in interest income was driven mainly by a decrease in the weighted average yield to 11.8% during the quarter ended March 31, 2026, as compared to 12.2% during the quarter ended December 31, 2025 (due primarily to a decrease in average SOFR). This decreasing factor was offset by an increase in the weighted average principal balance of our interest-bearing investment portfolio to $794.0 million during the quarter ended March 31, 2026, as compared to $772.3 million during the quarter ended December 31, 2025, an increase of $21.7 million, or 2.8%. Other income increased by $2.2 million, or 354.6%, quarter over quarter primarily due to increases in dividend income and prepayment fee income, quarter over quarter. Total expenses increased by $0.9 million, or 6.8%, quarter over quarter, primarily due to a $0.8 million increase in the net base management fee, driven by higher assets used to calculate the base management fee and lower deal origination fees which are credited to the base management fee. Net investment income for the quarter ended March 31, 2026 was $11.8 million, or $0.52 per share. The net increase in net assets resulting from operations was $15.5 million, or $0.68 per share, for the quarter ended March 31, 2026, compared to $5.5 million, or $0.24 per share, for the quarter ended December 31, 2025. The current quarter increase in net assets resulting from operations was primarily drive...

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