<span item_type="fundamental" item_id="81b14365e4084c743627a72cf0e27d9e" counter_id="ST/US/GLAD" env="prod"></span><span item_type="announcement" item_id="583883378903614978" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 89.12 M, beating the estimate of USD 87.82 M.</p><p>EPS: As of FY2025, the actual value is USD 2.55, beating the estimate of USD 2.2883.</p><p>EBIT: As of FY2025, the actual value is USD -22.09 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li><strong>Total Investment Income</strong>: $89.1 million for the year ended September 30, 2025, compared to $96.6 million for the year ended September 30, 2024, a decrease of 7.8%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li><strong>Net Investment Income</strong>: $45.2 million for the year ended September 30, 2025, compared to $46.1 million for the year ended September 30, 2024, a decrease of 1.8%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li><li><strong>Net Realized Gain on Investments</strong>: $55.4 million for the year ended September 30, 2025, compared to $2.0 million for the year ended September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li><li><strong>Net Unrealized Appreciation (Depreciation) of Investments</strong>: - $42.7 million for the year ended September 30, 2025, compared to $42.7 million for the year ended September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li><li><strong>Net Increase in Net Assets Resulting from Operations</strong>: $57.2 million for the year ended September 30, 2025, compared to $94.5 million for the year ended September 30, 2024, a decrease of 39.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $5.5 million for the year ended September 30, 2025, compared to $3.2 million provided by operating activities for the year ended September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Weighted Average Yield on Interest-Bearing Investments</strong>: 12.7% for the year ended September 30, 2025, compared to 13.9% for the year ended September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li><li><strong>Investments on Non-Accrual Status</strong>: $28.8 million at cost and $13.0 million at fair value 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/1143513/000114351325000015/glad-20250930.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company continues to focus on investing in lower middle market companies in the U.S. that meet certain criteria, including sustainability of free cash flow, experienced management teams, and adequate assets for loan collateral.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li><li>The company expects its investment portfolio over time to consist of approximately 90.0% debt investments and 10.0% equity investments, at cost.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm"></span></li></ul>

Gladstone Capital | 10-K: FY2025 Revenue Beats Estimate at USD 89.12 M