Fidus Investment Q4 2024 Earnings Report
Key Takeaways
Fidus Investment Corporation reported total investment income of $37.5 million, reflecting a 3.2% increase year-over-year. Net investment income reached $18.6 million, or $0.55 per share, down from $0.58 per share in Q4 2023. Adjusted net investment income was $18.4 million, or $0.54 per share. The company invested $120.3 million in five new portfolio companies and received $122.8 million in repayments and realizations.
Total investment income increased by 3.2% to $37.5 million.
Net investment income reached $18.6 million, or $0.55 per share.
Adjusted net investment income was $18.4 million, or $0.54 per share.
Invested $120.3 million in five new portfolio companies and received $122.8 million in repayments.
Fidus Investment
Fidus Investment
Fidus Investment Revenue by Segment
Forward Guidance
Fidus Investment Corporation plans to continue growing its portfolio with disciplined investment strategies and maintaining a strong dividend payout in 2025.
Positive Outlook
- Continued investment in lower middle-market companies with strong fundamentals.
- Strong liquidity position with $57.2 million in cash and $95 million available under the credit facility.
- Stable NAV per share, reflecting resilience in portfolio performance.
- Declared total dividends of $0.54 per share for Q1 2025.
- Maintaining a balanced investment strategy focusing on credit quality and capital preservation.
Challenges Ahead
- Decline in net investment income per share from $0.58 to $0.55.
- Fee income declined by 14.9% year-over-year.
- Dividend income saw a sharp 60.8% decrease from the prior year.
- Slight decrease in NAV per share from $19.37 to $19.33.
- Unrealized depreciation on investments impacted overall earnings.