<span item_type="fundamental" item_id="3b1ed4effcacb623defabb79a504b3cd" counter_id="ETF/US/MFIC" env="prod"></span><span item_type="announcement" item_id="579906303643031041" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 82.58 M.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -13.57 M.</p><p></p><h3>Net Investment Income</h3><ul><li>Net investment income for the quarter ended September 30, 2025, was $35.3 million, compared to $38.1 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Net Asset Value</h3><ul><li>Net asset value per share as of September 30, 2025, was $14.66, a decrease from $14.75 as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>New Investment Commitments</h3><ul><li>New investment commitments made during the quarter totaled $138 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Gross Fundings</h3><ul><li>Gross fundings, excluding revolver fundings, totaled $142 million for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Net Repayments</h3><ul><li>Net repayments, including revolvers and Merx, totaled $148 million. Excluding Merx, net repayments were $51 million for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Net Leverage</h3><ul><li>The net leverage ratio was 1.35x 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/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Debt and Liabilities</h3><ul><li>Total debt outstanding was $1.92 billion as of September 30, 2025, compared to $2.05 billion as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Portfolio and Investment Activity</h3><ul><li>Investments made in portfolio companies during the quarter were $400.4 million, while investments sold were - $37.5 million, resulting in net investment activity of - $148.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Operating Results</h3><ul><li>Total investment income for the quarter was $82.6 million, with total expenses amounting to $47.3 million, leading to a net increase in net assets from operations of $27.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects additional paydowns of approximately $25 million from Merx in late 2025 or early 2026, which is anticipated to de-risk the investment portfolio and improve earnings power. The company also made enhancements to its capital structure by extending debt maturities and reducing financing costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238dex991.htm"></span></li></ul>

MidCap Fin Inv | 8-K: FY2025 Q3 Revenue: USD 82.58 M