Overview

* Golub Capital BDC ( GBDC ) fiscal Q3 adjusted net income missed analyst expectations

* Net investment income per share rose to $0.38 from $0.37 in prior qtr

* Net asset value per share decreased to $15 at June 30,2025from $15.04 at March 31,2025

Result Drivers

* PORTFOLIO GROWTH - Investment portfolio increased to $8.96 bln at June 30 from $8.62 bln by March end, with investments in 401 companies, up from 393

* UNREALIZED DEPRECIATION - Results impacted by unrealized depreciation from underperforming portfolio companies, partially offset by realized gains

* NET INVESTMENT INCOME - Net investment income per share rose to $0.38 at June end, driven by increased interest income and reduced amortization of purchase premium

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.34

Q3 Miss $90.10 $104.10

Adjusted mln mln (5

Net Analysts

Income )

Q3 Net $15

Asset

Value

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "hold."

* Wall Street's median 12-month price target for Golub Capital BDC Inc ( GBDC ) is $15.50, about 5% above its August 1 closing price of $14.72

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)