Gladstone Capital Corporation Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Gladstone Capital Corporation has announced its financial results for Q4 and the fiscal year ending September 30, 2024. The company's total investment income declined by 7.7% during the fourth quarter compared with Q3 2024, primarily due to reduced other income. However, net investment income for the quarter stood at $11.0 million or $0.50 per share.

For the fiscal year, total investment income rose by 11.8% to $96.6 million, driven by a $10.3 million increase in interest income. Total expenses for the year increased by 11.3%, attributed to higher management and incentive fees. Despite these expenses, net investment income rose by 12.3% to $46.1 million.

Notable activities include the divestment of Perimeter Solutions Group and Antenna Research Associates, generating significant gains. The board has declared distributions to stockholders, with supplemental distributions announced for December.