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Aug 31, 2024
Saratoga Investment Q2 2025 Earnings Report
Reported per share increases in net investment income (NII), adjusted NII, and net asset value (NAV), as compared to prior quarter.
Key Takeaways
Saratoga Investment Corp. announced financial results for its 2025 fiscal second quarter ended August 31, 2024. Highlights include the full repayment and resolution of the Knowland investment, a return to increasing NAV per share, and continued substantial overearning of dividends.
Adjusted NII per share increased by 26.7% sequentially, from $1.05 to $1.33 per share, including one-time accrued interest benefits.
NAV per share increased sequentially by $0.22, from $26.85 to $27.07 per share.
Dividend of $0.74 per share, up 4.2% from $0.71 per share in the second quarter of 2023.
Quarter-end cash position grew to $162.0 million due to net repayments.
Saratoga Investment
Saratoga Investment
Forward Guidance
Saratoga Investment remains confident in its management team, pipeline, leverage structure, and underwriting standards to increase portfolio size, quality and investment performance.