Revenue: As of FY2026 Q1, the actual value is USD 49.29 M, missing the estimate of USD 54.01 M.

EPS: As of FY2026 Q1, the actual value is USD 0.31, missing the estimate of USD 0.3961.

EBIT: As of FY2026 Q1, the actual value is USD 1.115 M.

Net Investment Income

Net investment income was $17.9 million, or $0.33 per share, for the first quarter of 2026, a decrease from $22.1 million, or $0.41 per average share, for the same period in 2025, primarily due to a decrease in index rates.

Net Asset Value (NAV)

Net Asset Value (NAV) was $18.16 per share as of March 31, 2026, which is a decrease from $18.26 per share at December 31, 2025.

Investment Portfolio Fair Value

SLR Investment Corp.’s Investment Portfolio fair value stood at $2.1 billion, and the Comprehensive Investment Portfolio fair value was $3.2 billion.

Net Assets

Net assets totaled $990.8 million as of March 31, 2026.

Leverage

The Company’s net debt-to-equity ratio was 1.14x as of March 31, 2026, consistent with 1.14x at December 31, 2025, and an increase from 1.04x at March 31, 2025. The target range for net debt-to-equity is 0.9x to 1.25x.

Net Realized and Unrealized Losses

Net realized and unrealized losses were $0.7 million, or $0.02 per share, for the first quarter of 2026, compared to $2.2 million for the same period in 2025.

Net Increase in Net Assets from Operations

The net increase in net assets from operations was $17.1 million, or $0.31 per share, for the first quarter of 2026, compared to $19.9 million, or $0.37 per average share, for the same period in 2025.

Comprehensive Investment Portfolio Activity

Investments made totaled $242.3 million, while investments prepaid and sold amounted to $360.4 million. Net Portfolio Activity by Asset Class included Sponsor Finance at $2.8 million, Asset-based Lending at - $116.8 million, Equipment Finance at - $4.2 million, and Life Science Finance at $0.1 million, resulting in a Total Comprehensive Investment Portfolio Activity of - $118.1 million.

Comprehensive Investment Portfolio Composition

As of March 31, 2026, the portfolio was diversified across approximately 870 unique issuers in over 105 industries, with an average exposure of $3.7 million or 0.1% per issuer. The Composition by Asset Class (at fair value) included Cash Flow Loans (Sponsor Finance) at $480.3 million (15.0%) with a Weighted Average Asset Yield of 9.9%, Asset-Based Loans at $1,368.7 million (42.8%) with a Weighted Average Asset Yield of 12.3%, Equipment Financings at $1,091.0 million (34.2%) with a Weighted Average Asset Yield of 10.2%, and Life Science Loans at $181.6 million (5.7%) with a Weighted Average Asset Yield of 10.6%. Total Senior Secured Investments were $3,121.6 million (97.7%) with a Weighted Average Asset Yield of 11.1%, and Equity and Equity-like Securities were $74.4 million (2.3%). Of the Comprehensive Investment Portfolio, 97.7% was invested in senior secured loans, with 94.5% in first lien senior secured loans and 3.2% in second lien ABL exposure. Floating rate investments constituted $2,005.9 million, or 63.6% of the income-producing Comprehensive Investment Portfolio.

Asset Quality

100% of SLR Investment Corp.’s portfolio was performing on a fair value and cost basis. Internal Investment Rating (at fair value) showed Rating 1 at $582.6 million (27.6% of Total Portfolio), Rating 2 at $1,484.5 million (70.2% of Total Portfolio), Rating 3 at $46.1 million (2.2% of Total Portfolio), and Rating 4 at $0.0 million (0.0% of Total Portfolio).

Investment Income Contribution by Asset Class

Total Investment Income Contribution was $49.3 million. This included Sponsor Finance at $11.6 million (23.5%), Asset-based Lending at $22.1 million (44.8%), Equipment Finance at $9.0 million (18.3%), and Life Science Finance at $6.6 million (13.4%).

SLR Senior Lending Program LLC (SSLP)

As of March 31, 2026, SSLP had total funded portfolio investments of $187.5 million at fair value, consisting of floating rate senior secured loans to 25 different borrowers. The Company earned income of $1.5 million from its investment in SSLP in Q1 2026, representing an annualized yield of 12.2% on the cost basis of the Company’s investment.

Gross Investment Income

Gross investment income for the quarter ended March 31, 2026, was $49.3 million, down from $53.2 million for the same period in 2025.

Expenses

Net expenses totaled $31.4 million for the quarter ended March 31, 2026, an increase from $31.1 million for the same period in 2025, primarily due to higher interest expense from an increase in average borrowings.

Capital and Liquidity

As of March 31, 2026, SLR Investment Corp. had $511.6 million drawn on $970 million of total commitments available on its revolving credit facilities and $149.9 million of term loans outstanding. The Company also had $484 million of unsecured notes outstanding, with the next maturity of $75 million due in December 2026. Available capital, including anticipated borrowing capacity at SSLP and specialty finance portfolio companies, aggregated over $900 million, while unfunded commitments totaled approximately $306.9 million, excluding discretionary commitments to certain entities.

Outlook / Guidance

Management plans to be patient and opportunistic in rebuilding the comprehensive portfolio throughout the remainder of 2026, despite some evidence of improved investment activity and terms. Growth initiatives across specialty finance investment strategies are being implemented to further buoy portfolio growth. Additionally, the performance-based incentive fee payable to the Investment Adviser was permanently reduced from 20% to 17.5%, effective beginning with the second quarter of 2026, to further align with shareholders.