Main Street Capital Corporation Reports Second Quarter 2025 Financial Results

**Main Street Capital Corporation Reports Second Quarter 2025 Results**

Main Street Capital Corporation (MSCC) has released its financial results for the second quarter of 2025, showcasing a net investment income of $88.2 million, or $0.99 per share, compared to $83.9 million, or $0.97 per share, for the same period in 2024. Total investment income reached $144.0 million, up from $132.2 million in the prior year's quarter, driven by increased interest, fee, and dividend income from control, affiliate, and non-control/non-affiliate investments. However, total expenses also increased to $50.6 million from $44.9 million, primarily due to higher interest, compensation, and general and administrative costs. The net increase in net assets resulting from operations was $122.5 million, or $1.37 per share, compared to $102.7 million, or $1.19 per share, for the three months ended June 30, 2024.

Compared to the previous fiscal year, Main Street Capital Corporation's balance sheet shows an increase in total assets, reaching $5.29 billion as of June 30, 2025, compared to $5.12 billion as of December 31, 2024. This growth was primarily fueled by an increase in investments at fair value, which rose from $4.93 billion to $5.09 billion. The company's liabilities also increased, with total liabilities rising from $2.32 billion to $2.40 billion, mainly due to increased borrowings under credit facilities. Net asset value per share increased to $32.30 from $31.65 at the end of 2024.

Strategic developments during the quarter included an amendment to the Corporate Facility, which decreased the interest rate, increased revolving commitments to $1.145 billion, and extended the revolving period and final maturity date. A similar amendment was made to the SPV Facility, reducing the interest rate and extending the revolving period and final maturity date. These changes are expected to improve the company's financial flexibility and reduce borrowing costs. The company also continued its at-the-market (ATM) offering program, selling additional shares of common stock.

Key operational developments included the composition of the investment portfolio, with control investments accounting for $2.30 billion, affiliate investments for $856.2 million, and non-control/non-affiliate investments for $1.94 billion. The company's investment portfolio is diversified across various industries, with machinery, internet software & services, and commercial services & supplies being the largest sectors. As of June 30, 2025, investments on non-accrual status comprised 2.1% of the total investment portfolio at fair value and 5.0% at cost.

Looking ahead, Main Street Capital Corporation has declared regular monthly dividends of $0.255 per share for each month of October, November, and December 2025, representing a 4.1% increase from the regular monthly dividends paid in the fourth quarter of 2024. The company also declared a supplemental dividend of $0.30 per share payable in September 2025. These dividends reflect the company's commitment to delivering value to its shareholders and its confidence in its future performance.