Q2 2025 Goldman Sachs BDC Inc Earnings Call Transcript

Aug 8, 2025 / 01:00 PM GMT

Release Date Price: $11.25 (+1.99%)

Transcript 8-K10-Q

Key Points

Positve

Goldman Sachs BDC Inc (GSBD) reported a net investment income per share of $0.38 for the quarter.
The company declared a second quarter 2025 supplemental dividend of $0.03 per share and a third quarter base dividend of $0.32 per share.
GSBD's portfolio is comprised of 97.4% senior secured loans, indicating a strong focus on maintaining a secure capital structure.
The company repurchased over 1 million shares for $12.1 million, which was NAV accretive.
GSBD's investments on non-accrual status decreased to 1.6% at fair value, down from 1.9% in the previous quarter.

Negative

Net asset value per share decreased by 1.4% relative to the first quarter, largely due to a special dividend.
The weighted average yield of debt and income-producing investments slightly decreased from 10.8% to 10.7%.
The company's net debt to equity ratio remains below the target leverage of 1.25 times, indicating potential underutilization of leverage.
There was a new addition to non-accrual status with Streamland Media due to financial underperformance.
Total investment income decreased from $96.9 million in the first quarter to $91 million in the second quarter.

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

GSBD.N - Goldman Sachs BDC Inc
Q2 2025 Goldman Sachs BDC Inc Earnings Call
Aug 08, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. This is Austin Eerie, head of investor relations team for the Goldman Sachs BDC Inc, and I would like to welcome everyone to the Goldman Sachs BDC Inc. 2nd quarter 2025 earnings conference call. Please note that all participants will be in listen-only mode until the end of the call, when we will open the line for questions. Before we begin today's call, I would like to remind our listeners that today's remarks may include forward-looking statements. These statements represent the company's belief regarding future events that by their nature are uncertain and outside of the company's control. The company's actual results and financial condition may differ, possibly materially from what is indicated in those forward

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