<span item_type="fundamental" item_id="d7309ad363ad29a155720da79ff6504e" counter_id="ETF/US/MFIC" env="prod"></span><span item_type="announcement" item_id="645480083272504833" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 71.83 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.3, missing the estimate of USD 0.3452.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -8.195 M.</p><p></p><h3>Financial Performance for the Quarter Ended March 31, 2026</h3><h4>Net Investment Income</h4><ul><li>Net investment income per share was $0.38 for the quarter ended March 31, 2026, compared to $0.39 for the quarter ended December 31, 2025, and $0.37 on a per average share basis for the quarter ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Total Net Investment Income was $34.269 million for the quarter ended March 31, 2026, which is comparable to $34.282 million for the quarter ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Net Asset Value (NAV)</h4><ul><li>NAV per share was $13.82 as of March 31, 2026, a 2.5% decrease from $14.18 as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Net assets totaled $1.176 billion as of March 31, 2026, down from $1.307 billion as of December 31, 2025, and $1.39 billion as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Investment Activity</h4><ul><li>New investment commitments totaled $50 million during the quarter ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Gross fundings, excluding revolver fundings, amounted to $68 million for the quarter ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Net repayments, including revolvers, totaled $142 million for the quarter ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Investments made in portfolio companies were $102.5 million for the quarter ended March 31, 2026, significantly lower than $391.9 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Investments sold were -$24.0 million for the quarter ended March 31, 2026, compared to -$43.9 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Net investment activity resulted in -$141.7 million for the quarter ended March 31, 2026, a decrease from $170.4 million for the quarter ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Portfolio Composition and Metrics</h4><ul><li>The investment portfolio (fair value) was $2.97 billion as of March 31, 2026, down from $3.17 billion as of December 31, 2025, and $3.19 billion as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Total portfolio companies at the end of the period were 236, down from 247 at the beginning of the period and 240 at the end of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>First lien secured debt constituted 95% of the portfolio composition at fair value as of March 31, 2026, consistent with December 31, 2025, and September 30, 2025, but up from 93% as of June 30, 2025, and March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>The weighted average yield for first lien secured debt was 9.5% at amortized cost as of March 31, 2026, a decrease from 9.7% as of December 31, 2025, and 10.5% as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>The total portfolio weighted average yield was 8.3% as of March 31, 2026, down from 8.6% as of December 31, 2025, and 9.4% as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Floating rate investments comprised 100% of the portfolio at fair value and amortized cost as of March 31, 2026, compared to 99% as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Balance Sheet Highlights</h4><ul><li>Total assets were $3.069 billion as of March 31, 2026, compared to $3.323 billion as of December 31, 2025, and $3.36 billion as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Debt outstanding was $1.87 billion as of March 31, 2026, down from $2.00 billion as of December 31, 2025, and $1.94 billion as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>The net leverage ratio was 1.55x as of March 31, 2026, an increase from 1.45x as of December 31, 2025, and 1.31x as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>The debt-to-equity ratio was 1.59x as of March 31, 2026, compared to 1.53x as of December 31, 2025, and 1.39x as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Operating Results</h4><ul><li>Net realized and change in unrealized gains (losses) was -$61.140 million for the quarter ended March 31, 2026, a significant increase in loss compared to -$3.952 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Net increase (decrease) in net assets resulting from operations was -$26.871 million for the quarter ended March 31, 2026, a decline from an increase of $30.330 million for the quarter ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Share Repurchase Program</h4><ul><li>MidCap Financial Investment Corporation repurchased 7,084,020 shares of common stock at a weighted average price of $10.73 per share, for an aggregate cost of $76.0 million during the quarter ended March 31, 2026, generating $0.24 per share of NAV accretion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>From April 1, 2026, through April 13, 2026, an additional 2,755,221 shares were repurchased at a weighted average price of $11.58, totaling $31.9 million, which fully utilized the existing capacity under the share repurchase program.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li><li>Since its inception in August 2015 through May 6, 2026, the company has repurchased 27.0 million shares for a total cost of $375.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Dividends</h4><ul><li>A dividend of $0.31 per share was declared on May 5, 2026, payable on June 25, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>No explicit forward-looking financial guidance or outlook is provided in the report.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span> However, the CEO noted that capital was prioritized for stock repurchases due to the stock’s discount to NAV, and portfolio losses were driven by broader credit spread widening and credit weakness in certain positions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span> The company believes its fee structure is aligned with stockholders and helps mitigate losses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312526209081/d33058dex991.htm"></span></li></ul>

MidCap Fin Inv | 8-K: FY2026 Q1 Revenue: USD 71.83 M