Q3 2025 BCP Investment Corp Earnings Call Transcript

Nov 7, 2025 / 03:00 PM GMT

Release Date Price: $12.62 (+4.04%)

Transcript 8-K10-Q

Key Points

Positve

BCP Investment Corp (BCIC) reported strong results for the third quarter, marking its first earnings as a combined company following the merger with Logan Ridge.
The company plans to commence a modified Dutch auction tender of approximately $9 million, aiming to repurchase about 10% of its outstanding stock by year-end.
Net investment income increased to $8.8 million or $0.71 per share, up from $4.6 million or $0.50 per share in the prior quarter.
The board of directors approved a base distribution of $0.47 per share, representing a yield of 15.5% based on the November 6, 2025 closing price.
BCP Investment Corp (BCIC) has a highly diversified investment portfolio, spread across 79 different portfolio companies and 28 different industries.

Negative

The company reported an increase in investments on non-accrual status, with 10 investments representing 3.8% and 6.3% of the portfolio at fair value and cost, respectively.
Net asset value per share decreased by 34% to $17.55 as of September 30, 2025, primarily due to core net investment income not fully covering the dividend for the quarter.
Gross expenses increased to $10.3 million, reflecting the larger combined company post-merger.
The weighted average yield on debt investments at par was impacted by purchase accounting accretion, leading to a disconnect between NAV and the dollar value of the purchase.
Professional fees and overhead expenses were elevated, partly due to merger-related costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BCIC.OQ - BCP Investment Corp
Q3 2025 BCP Investment Corp Earnings Call
Nov 07, 2025 / 03:00PM GMT

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Presentation
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Welcome to BCP Investment Corporation's. Third quarter ended September 30th, 2025 earnings conference call.

An earnings press release was distributed yesterday, November 6th after market closed.

A copy of release along the earnings presentation is available on the company's website at www.bcpinvestmentcorporation.com in the investor relations section and should be reviewed in conjunction with the company's Form 10-Q filed yesterday with the SEC.

As a reminder, this conference call is being recorded for weeklyy purposes.

Please note that today's conference call may contain forward-looking statements which are not guarantees of future performance or results and involve a number of risks and

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