Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ: CSWC) has released its financial results for the third fiscal quarter ended December 31, 2025. Here are the significant figures from the report:
- Total Investment Portfolio: $2.0 billion
- Credit Portfolio: $1.8 billion
- 99% 1st lien senior secured debt
- $241.4 million in new committed credit investments during the quarter
- Weighted average yield on debt investments: 11.3%
- Current non-accruals with a fair value of $29.2 million, representing 1.5% of the total investment portfolio
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Equity Portfolio: $182.7 million
- $2.6 million in new equity co-investments during the quarter
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Pre-tax net investment income: $34.6 million, or $0.60 per weighted average common share outstanding
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Estimated undistributed taxable income ("UTI"): $1.02 per share as of December 31, 2025
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Dividends:
- Paid regular monthly dividends of $0.1934 per share for each of October, November, and December 2025 and $0.06 per share supplemental dividend in December 2025
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Total dividends for the quarter ended December 31, 2025, of $0.64 per share
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Net realized and unrealized depreciation: $1.9 million, or 0.1% of total investments at fair value
- $9.2 million of net appreciation related to the equity portfolio
- $8.7 million of net depreciation related to the credit portfolio
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$2.4 million net realized and unrealized income tax provision
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Balance sheet:
- Cash and cash equivalents: $42.6 million
- Total net assets: $995.6 million
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Net asset value (“NAV”) per share: $16.75
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Total investment income: $61.4 million, compared to $56.9 million in the prior quarter
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Total operating expenses (excluding interest expense): $8.8 million, compared to $6.9 million in the prior quarter
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Interest expense: $18.1 million, compared to $16.0 million in the prior quarter
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Total pre-tax net investment income: $34.6 million, compared to $34.0 million in the prior quarter
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Total net realized and unrealized losses on investments: $1.9 million, compared to $6.4 million of total net realized and unrealized losses in the prior quarter
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NAV at December 31, 2025: $16.75 per share, compared to $16.62 per share in the prior quarter
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Liquidity and capital resources:
- Approximately $42.6 million in unrestricted cash and money market balances
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$395.2 million of unused capacity under the corporate credit facility and the SPV credit facility
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Total debt outstanding on the corporate credit facility: $210.0 million
- Total debt outstanding on the SPV credit facility: $104.0 million
- $224.2 million, net of amortized debt issuance costs, of the 5.125% convertible notes due November 2029
- $343.6 million, net of amortized debt issuance costs, of the 5.950% notes due 2030
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$190.6 million, net of unamortized debt issuance costs, of SBA debentures
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Share Repurchase Program:
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During the quarter ended December 31, 2025, the company did not repurchase any shares of the company’s common stock under the share repurchase program
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Regular monthly dividends of $0.1934 per share and quarterly supplemental dividend of $0.06 per share for quarter ended March 31, 2026
- Total regular dividends per share for quarter ending March 31, 2026: $0.58
- Total supplemental dividend per share for quarter ending March 31, 2026: $0.06
- Total dividends per share for quarter ending March 31, 2026: $0.64 Today the company's shares have moved -0.17% to a price of $23.68. If you want to know more, read the company's complete 8-K report here.
