<span item_type="fundamental" item_id="173c5b2373b0052288663615acd3a5fe" counter_id="ST/US/TRINI" env="prod"></span><span item_type="announcement" item_id="513443458109478913" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 65.39 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.52.</p><p></p><h3>Total Investment Income</h3><p>Total investment income for the first quarter of 2025 was $65.4 million, marking a 29.5% increase year-over-year compared to $50.5 million in the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Net Asset Value</h3><p>Net Asset Value (NAV) reached $833.4 million at the end of the first quarter of 2025, an increase from $823.0 million at the end of the fourth quarter of 2024. NAV per share decreased to $13.05 from $13.35 as of December 31, 2024, primarily due to the early extinguishment of the Company’s 6% Convertible Notes due 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Net Investment Income</h3><p>Net investment income for the first quarter of 2025 was $32.4 million, or $0.52 per basic share, compared to $25.2 million or $0.54 per share for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Operating Expenses</h3><p>Total operating expenses and excise taxes, excluding interest expense, for the first quarter of 2025 were $15.3 million, compared to $13.2 million during the first quarter of 2024. The increase was primarily due to higher compensation associated with additional headcount, increased professional fees, and higher G&amp;A expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Interest Expense</h3><p>Interest expense for the first quarter of 2025 was $17.7 million, compared to $12.1 million during the first quarter of 2024, primarily due to the increase in weighted average debt outstanding and borrowing rate.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Net Realized Loss</h3><p>Net realized loss on investments was approximately $2.2 million, primarily due to the workout of one equipment financing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Net Change in Unrealized Appreciation/Depreciation</h3><p>Net unrealized depreciation totaled approximately $3.1 million, including net unrealized depreciation of $4.1 million from debt investments and $0.3 million from warrant investments, partially offset by net unrealized appreciation of $1.3 million from equity investments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Portfolio and Investment Activity</h3><p>As of March 31, 2025, Trinity Capital’s investment portfolio had an aggregate fair value of approximately $1,792.7 million, comprised of $1,330.4 million in secured loans, $336.7 million in equipment financings, and $125.6 million in equity and warrants across 155 portfolio companies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Liquidity and Capital Resources</h3><p>As of March 31, 2025, the Company had approximately $216.4 million in available liquidity, including $8.4 million in unrestricted cash and cash equivalents. The Company had approximately $208.0 million in available borrowing capacity under its KeyBank Credit Facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span></p><h3>Unique Metrics</h3><p>Total Debt Investments at cost were $1,710.1 million, and Total Investments at cost were $1,830.5 million as of March 31, 2025. Total Platform Assets Under Management at fair value were $2,142.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_2.htm"></span></p><h3>Outlook / Guidance</h3><p>Trinity Capital continues to evolve into a premier asset manager, expanding its platform and growing its portfolio while consistently generating solid returns and long-term value for shareholders. Despite ongoing macroeconomic uncertainty, the company remains committed to disciplined underwriting and active portfolio management.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_1.htm"></span> The company emphasizes its diversified business model and robust origination pipeline, aiming to provide stable and consistent returns to investors. It highlights its internally managed structure and diversified business verticals as key strengths.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-ex99_2.htm"></span></p>

TRINITY CAPITAL INC 7.875% NTS 30/09/2029 | 8-K: FY2025 Q1 Revenue: USD 65.39 M