Revenue: As of FY2026 Q2, the actual value is USD 27.3 M.

EPS: As of FY2026 Q2, the actual value is USD 0.27.

EBIT: As of FY2026 Q2, the actual value is USD 22.68 M.

Financial Highlights (Three Months Ended June 30, 2026 vs. 2025)

Total Investment Income

Palmer Square Capital BDC Inc. reported total investment income of $27.3 million for Q2 2026, compared to $31.7 million for Q2 2025. Interest income was $25,816,102 for Q2 2026, down from $30,023,842 for Q2 2025. Dividend income decreased to $358,221 in Q2 2026 from $481,501 in Q2 2025. Payment-in-Kind interest income was $373,693 for Q2 2026, a decrease from $801,918 for Q2 2025. Other income increased to $748,261 for Q2 2026 from $369,659 for Q2 2025.

Net Investment Income

Net investment income was $12.0 million for Q2 2026, compared to $13.8 million for Q2 2025. Total expenses were $15,255,027 for Q2 2026, down from $17,835,391 for Q2 2025.

Operational Metrics

Total net realized and unrealized losses were -$3.6 million for Q2 2026, an improvement from -$6.7 million for Q2 2025. The net increase in net assets resulting from operations was $8,450,184 for Q2 2026, up from $7,169,976 for Q2 2025. Basic and diluted net increase in net assets resulting from operations per share was $0.27 for Q2 2026, compared to $0.22 for Q2 2025.

Cash Distributions

Cash distributions to stockholders were $0.39 per share for Q2 2026.

Financial Highlights (Six Months Ended June 30, 2026 vs. 2025)

Total Investment Income

Total investment income was $53,512,991 for the first half of 2026, compared to $62,891,199 for the first half of 2025.

Net Investment Income

Net investment income was $23,077,900 for the first half of 2026, down from $26,754,680 for the first half of 2025. Total expenses for the six months ended June 30, 2026, were $30,435,091, compared to $36,136,519 for the same period in 2025.

Operational Metrics

Total realized and unrealized gains (losses) were -$51,864,682 for the first half of 2026, compared to -$27,973,915 for the first half of 2025. The net increase (decrease) in net assets resulting from operations was -$28,786,782 for the first half of 2026, compared to -$1,219,235 for the first half of 2025. Basic and diluted net increase (decrease) in net assets resulting from operations per share was -$0.93 for the first half of 2026, compared to -$0.04 for the first half of 2025. Total return was -4.33% for the first half of 2026, compared to 0.78% for the first half of 2025. Portfolio turnover was 16% for the first half of 2026, up from 15% for the first half of 2025.

Consolidated Statement of Assets and Liabilities (June 30, 2026 vs. December 31, 2025)

Total Assets

Total assets were $1,132,579,678 as of June 30, 2026, down from $1,219,375,759 as of December 31, 2025. Non-controlled, non-affiliated investments (fair value) were $1,113,377,240 as of June 30, 2026, compared to $1,203,640,318 as of December 31, 2025.

Total Liabilities

Total liabilities were $726,426,148 as of June 30, 2026, compared to $755,252,587 as of December 31, 2025. Credit facilities (net) were $394,543,192 as of June 30, 2026, down from $414,438,758 as of December 31, 2025. Notes (net) were $301,949,233 as of June 30, 2026, slightly down from $302,075,353 as of December 31, 2025.

Total Net Assets

Total net assets were $406,153,530 as of June 30, 2026, compared to $464,123,172 as of December 31, 2025.

Portfolio and Investment Activity (As of June 30, 2026)

Portfolio Composition

The total fair value of investments was approximately $1.1 billion across 282 investments in 206 portfolio companies. The portfolio was composed of 87.3% first lien senior secured debt, 5.3% second lien senior secured debt, 3.6% short-term investments, 2.5% CLOs mezzanine and equity investments, 0.6% corporate bond investments, and 0.7% equity investments. Approximately 98% of long-term investments were at floating rates, and about 99.7% of the portfolio was income producing. Two portfolio companies were on non-accrual status, representing 0.29% of total investments at fair value. The weighted average total yield to maturity was 11.95% at fair value and 8.43% at amortized cost.

Investment Activity

Palmer Square Capital BDC Inc. funded $72.4 million in new investments across 21 investments with an average value of approximately $3.3 million during Q2 2026. Sales and repayments totaled an aggregate principal amount of $109.8 million in Q2 2026.

Liquidity and Capital Resources (As of June 30, 2026)

Cash and Debt

Cash and cash equivalents were $2.4 million. Total aggregate principal amount of debt outstanding was approximately $696.5 million.

Available Liquidity

Available liquidity was approximately $331.0 million, comprising cash and undrawn capacity on credit facilities. Unfunded investment commitments amounted to $21.5 million.

Outlook / Guidance

Palmer Square Capital BDC Inc. anticipates generating greater earnings power beginning in the fourth quarter of 2026 and continuing into 2027, driven by proactive steps to improve its liability structure and lower its cost of capital. The company declared a third quarter regular base dividend distribution of $0.36 per share and expects to announce a supplemental dividend in September. Management believes the company is well positioned to deliver long-term value for shareholders through disciplined underwriting, a differentiated investment strategy, and thoughtful capital allocation.