BCP Investment | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 18.94 M

Revenue: As of FY2025 Q3, the actual value is USD 18.94 M, beating the estimate of USD 15.69 M.

EPS: As of FY2025 Q3, the actual value is USD 1.86.

EBIT: As of FY2025 Q3, the actual value is USD -367 K.

Total investment income for the third quarter of 2025 increased 50.0% to $18.9 million, compared to $12.6 million in the second quarter of 2025.
Core investment income for the third quarter of 2025 was $15.3 million, compared to $12.6 million for the second quarter of 2025.

Net investment income for the third quarter of 2025 increased 94.2% to $8.8 million ($0.71 per share), compared to $4.6 million ($0.50 per share) in the second quarter of 2025.
Net asset value as of September 30, 2025, increased 40.4% to $231.3 million ($17.55 per share), compared to $164.7 million ($17.89 per share) as of June 30, 2025.
Net realized loss on investments for the third quarter of 2025 was - $2.678 million, compared to - $15.840 million in the second quarter of 2025.
Net change in unrealized appreciation on investments for the third quarter of 2025 was $15.525 million, compared to $6.628 million in the second quarter of 2025.
Net increase in core net assets resulting from operations for the third quarter of 2025 was $23.630 million, compared to - $4.518 million in the second quarter of 2025.

Unrestricted cash as of September 30, 2025, was $2.8 million, and restricted cash was $14.6 million.

Deployments of approximately $14.2 million and sales and repayments of approximately $43.8 million, resulting in net repayments and sales of approximately $29.6 million.
Portfolio sourcing at fair value for the third quarter of 2025 was $388.832 million, compared to $322.989 million in the second quarter of 2025.
Total portfolio at fair value for the third quarter of 2025 was $503.302 million, compared to $329.464 million in the second quarter of 2025.
Weighted average EBITDA of debt portfolio companies for the third quarter of 2025 was $137.956 million, compared to $134.507 million in the second quarter of 2025.
Weighted average yield on debt investments at par value for the third quarter of 2025 was 13.8%, compared to 10.7% in the second quarter of 2025.

The company plans to commence a modified “Dutch Auction” tender offer of approximately $9.0 million, combined with daily share repurchases and open market purchases by management, the Adviser, and its affiliates, anticipating total repurchases to approximate 10% of BCIC’s outstanding common stock by year-end.
The company expects to realize further benefits of its expanded scale and broader investment platform.
The focus remains on disciplined capital allocation, maintaining a high-quality portfolio, and delivering attractive, risk-adjusted returns for shareholders.