Capital Southwest — Second Quarter 2027 Earnings Summary

Financial Performance

• Preliminary estimate of second quarter 2027 pre-tax net investment income is in the range of $0.58 to $0.59 per share.
• Preliminary estimate of second quarter 2027 net investment income is in the range of $0.56 to $0.57 per share.
• Preliminary estimate of net asset value (NAV) per share as of September 30, 2026, is in the range of $16.62 to $16.67.
• Total investments at fair value were approximately $2.2 billion as of June 30, 2026.

Guidance and Future Outlook

• Finalized second quarter 2027 results are scheduled for release on Monday, November 2, 2026, after market close.
• A live webcast and conference call are scheduled for Tuesday, November 3, 2026, at 11:00 a.m. Eastern Time.
• Management notes that preliminary estimates are based on current information and expectations, and actual results may differ materially from these estimates due to adjustments made during quarter-end closing and fair value determination procedures.

Business Segments and Product Lines

• The company is an internally managed business development company focused on providing flexible financing solutions to middle market businesses.
• Investment strategy involves $5 million to $50 million investments across the capital structure, including first lien, second lien, and non-control equity co-investments.
• The firm operates two wholly owned subsidiaries: Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP.

Market and Competitive Landscape

• Capital Southwest targets middle market businesses, utilizing a permanent capital base to support portfolio company growth over long periods.
• The company operates in an environment subject to changes in markets, financial and lending markets, interest rates, and regulatory changes.

Risks and Challenges

• Risks include changes in the interest rate environment, regulatory changes, and tax treatment.
• Potential challenges involve the ability to operate SBIC subsidiaries, the impact of tariffs, trade barriers, and trade policy changes on portfolio companies.
• Economic risks include downturns, recessions, supply chain constraints, elevated inflation, and geopolitical conditions affecting financial market volatility.
• Actual results may differ materially from preliminary estimates due to uncertainties in fair value determinations and other assumptions.

Management Commentary and Tone

• Michael S. Sarner, President and Chief Executive Officer, is listed as the primary investor relations contact.
• Management emphasizes that preliminary estimates are inherently uncertain and subject to substantial risks and uncertainties that could cause actual results to differ materially.

Other Key Points

• The press release serves as a preliminary estimate and does not constitute the final financial results, which will be reported in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
• Information disclosed on the website or during the conference call is not incorporated by reference into the press release or SEC filings.
• The company does not undertake an obligation to update forward-looking statements after the date of the press release.