Stellus Capital Investment Corp Q3 2025 Earnings Call Highlights: Strong Income Growth and Portfolio Growth Despite Tight Spreads and Uncertainty over SBA License.

Stellus Capital Investment Corp (SCM) reported Q3 2025 earnings with $0.32 per share of GAAP net investment income and $0.42 per share of realized income. The company issued 531,000 shares for $7.4 million of proceeds and ended the quarter with a $1 billion investment portfolio across 115 companies. However, NAV per share decreased by $0.16 due to dividend payments exceeding earnings and net unrealized losses. Loans to five portfolio companies are on non-accrual, and the company is experiencing tightness in spreads due to a competitive market.