<span item_type="fundamental" item_id="15f195973c812539ab93e682b28571ee" counter_id="ETF/US/BXSL" env="prod"></span><span item_type="announcement" item_id="581200394816652545" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 359 M, beating the estimate of USD 353.42 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.57, missing the estimate of USD 0.7819.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -39 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Total investment income for Q3 2025 was $359 million, an increase from $343 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net investment income for Q3 2025 was $189 million, or $0.82 per share, compared to $186 million, or $0.91 per share in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>Net income for Q3 2025 was $132 million, or $0.57 per share, compared to $152 million, or $0.75 per share in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>Operating expenses for Q3 2025 were $165 million, up from $153 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>Net asset value (NAV) as of September 30, 2025, was $6.3 billion, or $27.15 per share, compared to $5.7 billion, or $27.27 per share as of September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Liquidity was $2.5 billion in unrestricted cash and undrawn debt as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>New investment commitments for Q3 2025 were $1.3 billion at par, with $1.0 billion funded.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>Proceeds from sales and repayments for Q3 2025 were $0.4 billion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>The weighted average yield on performing debt investments at fair value was 10.0% at quarter-end, compared to 10.2% at the prior quarter-end.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company remains confident in its position for active deployment in the current market environment, supported by a 97.5% first lien senior secured debt portfolio.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li><li>BXSL expects to continue delivering strong earnings while mitigating risk across different market environments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1736035/000121390025107817/ea0264431-01_ex991.htm"></span></li></ul>

Blackstone Secured Lending Fund | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 359 M