Saratoga Investment Corp (SAR) Q2 2025 Earnings Report

In the second quarter of fiscal 2025, Saratoga Investment Corp (SAR) delivered a strong performance, highlighted by a total net income of $13.3 million, reflecting a significant year-over-year increase of 68.66% and a quarter-over-quarter increase of 101.46%. The company's net asset value (NAV) per share has shown resilience, inching up 0.8% quarter-over-quarter to $27.07, despite a year-over-year decline of 4.8%. Management emphasized the successful resolution of its Noland investment, marking a strategic recovery following previous downturns in portfolio credits. The ongoing economic environment, characterized by evolving interest rate dynamics, has provided a buoyant backdrop for SAR’s floating rate assets to generate higher earnings. With substantial liquidity of $162 million and an investment capacity of $385.5 million, SAR remains well-positioned to capitalize on future growth opportunities in a recovering M&A landscape.