SLR Investment Corp. reported its financial results for the quarter ended March 31, 2025, revealing a net investment income of $22.1 million, or $0.41 per share, compared to $23.9 million, or $0.44 per share, for the same period in 2024. The company's total investment income decreased to $53.2 million from $58.1 million year-over-year, primarily due to a reduction in the size of its income-producing investment portfolio and lower index rates. Total expenses also declined to $31.1 million from $34.2 million, driven by lower interest expenses and management fees.
As of March 31, 2025, SLR Investment Corp. reported total assets of $2.5 billion, an increase from $2.4 billion at the end of 2024. The company's liabilities rose to $1.5 billion from $1.4 billion, with total net assets decreasing slightly to $990.5 million from $992.9 million. The net asset value per share was $18.16, down from $18.20 at the end of the previous quarter. The company maintained 54,554,634 shares of common stock outstanding.
In terms of operational developments, SLR Investment Corp. invested approximately $193.5 million across 30 portfolio companies during the first quarter of 2025, a significant increase from $100.2 million across 24 companies in the same quarter of 2024. The company also reported investment sales and prepayments totaling approximately $197 million, compared to $131 million in the prior year. The portfolio consisted of 118 companies, with a focus on cash flow senior secured loans and asset-based senior secured loans.
Looking ahead, SLR Investment Corp. has extended its share repurchase program, allowing for the repurchase of up to $50 million of its common stock. The company declared a quarterly distribution of $0.41 per share, payable on June 27, 2025. Management remains optimistic about future investment opportunities, although they acknowledge potential risks related to market conditions, interest rates, and the economic environment that could impact performance.
About SLR Investment Corp.
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