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Stellus Capital Investment Corporation Reports Results for its Fourth Fiscal Quarter and Year Ended December 31, 2025

SCM
  • Stellus Capital Investment Corporation reported fiscal year and quarter results ended December 31, 2025, with U.S. GAAP net investment income of $0.29 per share & core net investment income of $0.29 per share.
  • Net realized income for the quarter ended December 31, 2025, was $0.48 per share, driven by $5.49 million in net realized gains on investments.
  • The total portfolio value reached $1.01 billion at fair value as of December 31, 2025, funded by $52 million in new investments & $54 million in repayments during the quarter.
  • Distributions of $333 million, equivalent to $18.27 per share, have been paid to investors since operations began.
  • Net assets increased by $27.05 million for the year ended December 31, 2025, resulting in a net asset value per share of $12.82.
  • Gross operating expenses for the quarter totaled $17.5 million, including $4.5 million in base management fees & $9.0 million in borrowing-related fees & expenses.
  • The Credit Facility balance was $236.6 million as of December 31, 2025, with an accordion feature allowing expansion up to $365.0 million.
  • Stellus prepaid $50.0 million in aggregate principal of 4.875% fixed-rate notes due 2026 on December 31, 2025.
  • The company declared regular monthly dividends of $0.1133 per share for January, February, & March 2026, payable in February, March, & April 2026 respectively.
  • Stellus Capital Management entered a definitive agreement to be acquired by Ridgepost Capital on February 5, 2026, with closing expected mid-2026.
  • The board authorized a $20.0 million stock repurchase program expected to last until March 2, 2027, or until shares are fully repurchased.
  • Subsequent to December 31, 2025, the company invested in multiple portfolio companies including Bart & Associates, LLC, Silver Parent, LLC, & Synergy Health Partners.
  • The Credit Facility outstanding balance was $253.9 million as of March 11, 2026, while SBA-guaranteed debentures stood at $260.0 million.
  • A conference call to discuss results is scheduled for March 12, 2026, at 10:00 AM Central Time, led by CEO Robert T. Ladd & CFO W. Todd Huskinson.