Saratoga Investment Corp (FRA:QJ8)

Q4 2025 Saratoga Investment Corp Earnings Call Transcript

May 8, 2025 / 05:00 PM GMT

Transcript 8-K10-K

Key Points

Positve

Saratoga Investment Corp (SAR) reported a net positive origination from its pipeline, including new portfolio companies and follow-ons.
The company announced a transition to a monthly dividend structure, increasing the quarterly base dividend by $0.01 per share.
Saratoga Investment Corp (SAR) maintained a substantial $428 million of investment capacity to support portfolio companies.
The company's total return for the last 12 months was 26%, outperforming the BDC index's 13% for the same period.
Saratoga Investment Corp (SAR) has a strong balance sheet with $205 million in cash available for investments or debt repayment.

Negative

Adjusted Net Investment Income (NII) decreased by 37.2% from last year and 35.4% from last quarter.
The company's NAV per share decreased from $27.12 last year to $25.86 this quarter.
Saratoga Investment Corp (SAR) faced markdowns in its portfolio, resulting in a $7.6 million reduction in portfolio value.
The company has two investments on non-accrual status, Pepper Palace and Zalidge, which continue to be a concern.
The lower middle market deal volumes remain significantly down, impacting new platform investments.

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

SAR.N - Saratoga Investment Corp
Q4 2025 Saratoga Investment Corp Earnings Call
May 08, 2025 / 05:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, ladies and gentlemen.

Thank you for standing by and welcome to Saratoga Investment Corporation's fiscal year end and 4th quarter 2025 financial results conference call. Please note that today's call is being recorded. During today's presentation, all participant parties will be In a listen-only mode following management's prepared remarks, we will open the line for questions at this time, I would like to turn the call over to Saratoga Investments Cor Corporation's Chief Financial Officer and Chief Compliance Officer, Mr. Henry Steenkamp.

Sir, please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.