Q3 2025 Stellus Capital Investment Corp Earnings Call Transcript

Nov 12, 2025 / 04:00 PM GMT

Release Date Price: $12.07 (-0.08%)

Transcript 10-Q

Key Points

Positve

Stellus Capital Investment Corp (SCM) generated $0.32 per share of GAAP net investment income and $0.42 per share of realized income in Q3 2025.
The company issued approximately 531,000 shares for $7.4 million of proceeds under its ATM program, all above net asset value.
Stellus Capital Investment Corp (SCM) ended the quarter with an investment portfolio valued at over $1 billion across 115 companies, showing growth from the previous quarter.
98% of the company's loans are secured, and 90% are priced at floating rates, providing a stable income stream.
The company successfully amended and extended its revolving credit facility, reducing the spread over the thirty-day SOA rate and extending the maturity date by two years.

Negative

Net asset value per share decreased by $0.16 during the quarter due to dividend payments exceeding earnings and net unrealized losses.
18% of the portfolio is marked in an investment category of 3 or below, indicating underperformance.
Loans to five portfolio companies are on non-accrual, comprising 6.7% of the total cost and 3.7% of the fair value of the total loan portfolio.
The company is experiencing some tightness in spreads due to a competitive market, with spreads decreasing from a year ago.
There is uncertainty regarding the issuance of the third SBA license, which would add additional capital capacity.

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

SCM.N - Stellus Capital Investment Corp
Q3 2025 Stellus Capital Investment Corp Earnings Call
Nov 12, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, thank you for standing by.

At this time, I would like to welcome everyone to Stellas Capital Investment Corporation's conference call to report financial results for its third fiscal quarter ending September 30, 2025.

At this time, all participants are on a listen-only mode and a question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

As a note, this conference is being recorded today, November 12, 2025.

It is now my pleasure to turn the call over to Mr. Robert Ladd, Chief Executive Officer of Stellas Capital

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