Golub Capital BDC, Inc. Announces Fiscal Year 2026 Third Quarter Financial Results

About this update from Golub Capital Bdc, Inc.

Declares Quarterly Distribution of $0.33 Per Share NEW YORK, August 03, 2026 --( BUSINESS WIRE )--Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its third fiscal quarter ended June 30, 2026. Except where the context suggests otherwise, the terms "we," "us," "our," and "Company" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. "GC Advisors" refers to GC Advisors LLC, our investment adviser. Third Fiscal Quarter 2026 Highlights Portfolio and Investment Activities As of June 30, 2026, the Company had investments in 424 portfolio companies with a total fair value of $8,196.4 million. This compares to the Company's portfolio as of March 31, 2026, when the Company had investments in 420 portfolio companies with a total fair value of $8,317.2 million. Investments in portfolio companies as of June 30, 2026 and March 31, 2026 consisted of the following: The following table shows the asset mix of our new investment commitments for the three months ended June 30, 2026: Total investments in portfolio companies at fair value were $8,196.4 million at June 30, 2026. As of June 30, 2026, total assets were $8,339.6 million, net assets were $3,704.9 million and net asset value per share was $14.25. Consolidated Results of Operations For the third fiscal quarter of 2026, the Company reported GAAP net income of $57.0 million or $0.22 per share and Adjusted Net Income2 of $57.0 million or $0.22 per share. GAAP net investment income was $85.2 million or $0.33 per share and Adjusted Net Investment Income1 was $87.5 million or $0.34 per share. GAAP net realized and unrealized gain/(loss) was ($28.2) million or ($0.11) per share and Adjusted Realized and Unrealized Gain/(Loss)1 was ($30.5) million or ($0.12) per share. Net income can vary substantially from period to period due to various factors, including the level of new investment commitments, the recognition of realized gains and losses and unrealized appreciation and depreciation. As a result, quarterly comparisons of net income may not be meaningful. Liquidity and Capital Resources The Company's liquidity and capital resources are derived from the Company's debt securitizations (also known as collateralized loan obligations, or CLOs), unsecured notes, revolving credit facilities and cash flow from operations. The Company's primary uses of funds from operations include investments in portfolio companies and payment of fees and other expenses that the Company incurs. The Company has used, and expects to continue to use, its debt securitizations, unsecured notes, revolving credit facilities, proceeds from its investment portfolio and proceeds from offerings of its securities and its dividend reinvestment plan to finance its investment objectives. As of June 30, 2026, we had cash, cash equivalents and foreign currencies of $20.0 million, restricted cash, restricted cash equivalents and restricted foreign currencies of $50.7 million and $4,561.8 million of debt outstanding. As of June 30, 2026, subject to leverage and borrowing base restrictions, we had approximately $1,725.9 million of remaining availability, in the aggregate, on our revolving credit facility with JPMorgan. In addition, as of June 30, 2026, we had $266.8 million of remaining commitments and availability on our unsecured line of credit with GC Advisors. The Company's GAAP leverage ratio decreased to 1.24x as of June 30, 2026 and our GAAP debt-to-equity ratio, net3 decreased to 1.23x as of June 30, 2026 (1.23x, on average, throughout the quarter ended June 30, 2026). On May 27, 2026, we issued $500.0 million of unsecured notes, which bear a fixed interest rate of 6.250% (yield to maturity of 6.508%) and mature on June 1, 2031 (the "2031 Notes"). In connection with the 2031 Notes, we entered into interest rate swap agreements on the $500 million principal amount of the 2031 Notes where we receive a fixed interest rate of 6.250% and pay a floating interest rate of Daily SOFR plus 2.178% On July 2, 2026, we amended our revolving credit facility with JPMorgan to, among other things, (i) remove the 0.10% adjustment to term SOFR rate and (ii) extend the maturity date to July 2, 2031 from April 4, 2030. Portfolio and Asset Quality GC Advisors regularly assesses the risk profile of each of the Company's investments and rates each of them based on an internal system developed by Golub Capital and its affiliates. This system is not generally accepted in our industry or used by our competitors. It is based on the following categories, which we refer to as GC Advisors' internal performance ratings: Our internal performance ratings do not constitute any rating of investments by a nationally recognized statistical rating organization or represent or reflect any third-party assessment of any of our investments. For additional analysis on the Company's internal performance ratings as of June 30, 2026, please refer to the Quarter Ended 06.30.2026 Earnings Presentation available on Investors Resources link on the homepage of the Company's website ( www.golubcapitalbdc.com ) under Events/Presentations. The following table shows the distribution of the Company's investments on the 1 to 5 internal performance rating scale at fair value as of June 30, 2026 and March 31, 2026: Conference Call The Company will host an earnings conference call at 10:00 am (Eastern Time) on Tuesday, August 4, 2026 to discuss its quarterly financial results. All interested parties may register to participate in the conference call through the following URL: https://events.q4inc.com/analyst/406709985?pwd=uxQSacg1 . Participants are also invited to access the conference call by dialing one of the following numbers: Domestic: +1 (833) 461-5787 International: +1 (585) 542-9983 Participants should reference Golub Capital BDC, Inc. when prompted, or reference conference ID number 406 709 985. All callers are asked to dial in approximately 10-15 minutes prior to the call. An archived replay will be available via a link located on the Events & Presentations section of GBDC's website for one year. For a slide presentation that we intend to refer to on the earnings conference call, please visit the Investor Resources link on the homepage of our website ( www.golubcapitalbdc.com ) and click on the Quarter Ended 06.30.2026 Earnings Presentation under Events/Presentations. ABOUT GOLUB CAPITAL BDC, INC. Golub Capital BDC, Inc. ("GBDC") is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital"). ABOUT GOLUB CAPITAL Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. The firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital's sponsor finance expertise also forms the foundation of its Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. As of April 1, 2026, Golub Capital had over 1,100 employees and over $90 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East. For more information, please visit golubcapital.com . FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Golub Capital BDC, Inc. undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260803520294/en/ Contacts Christopher Ericson 312-212-4036 [email protected]

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