Saratoga Investment Corp Q1 2026 Earnings Call Transcript: CFO Henri J. Steenkamp Leads Conference Call

Saratoga Investment Corp reported Q1 2026 earnings, with Chairman and CEO Christian Long Oberbeck, CFO Henri J. Steenkamp, and Chief Investment Officer Michael Joseph Grisius discussing the results. The presentation is available on the company's investor relations website. A replay of the conference call will also be available.

Saratoga Investment Corp. (SAR), a business development company (BDC), has reported its financial results for the first quarter of fiscal 2026, with Chairman and CEO Christian Long Oberbeck, CFO Henri J. Steenkamp, and Chief Investment Officer Michael Joseph Grisius discussing the results. The presentation is available on the company's investor relations website, and a replay of the conference call will also be available.

Key highlights from the earnings report include a 17.9% increase in adjusted net investment income (NII) per share to $0.66, and a net asset value (NAV) increase of 0.9% to $396.4 million. The company achieved a quarterly return on equity (ROE) of 14.1%, surpassing the industry average of 7.0%, and an annualized last twelve months (LTM) ROE of 9.3%. Despite a year-over-year decrease in total assets under management (AUM) from $1.1 billion to $968.3 million, Saratoga had a strong performance in its core portfolio, resulting in realized gains and successful new investment originations.

The company declared a base dividend of $0.75 per share for the second quarter, reflecting an 11.8% yield based on the stock price at the time. Saratoga also emphasized its liquidity position, with $224.3 million in cash available for potential investments or debt repayment, amidst a volatile macroeconomic environment.

While the NAV per share decreased from $26.85 a year ago and $25.86 last quarter to $25.52, indicating a downward trend, the company's strong performance in its core portfolio and effective management strategies have contributed to its overall financial health. The presentation also highlighted the company's prudent approach to new commitments in the current volatile environment, focusing on high-quality sponsors and well-selected industry segments.

The earnings report provides a detailed overview of Saratoga Investment Corp.'s financial performance and strategic initiatives for the first quarter of fiscal 2026. Investors and financial professionals are encouraged to review the full presentation and conference call replay for a comprehensive understanding of the company's results and outlook.

Reference:
[1] https://www.nasdaq.com/articles/saratoga-investment-corp-reports-179-increase-adjusted-nii-share-and-09-growth-nav-q1-2026