Stellus Private Credit BDC Reports Financial Results for Q4 and Year Ended December 31, 2025
Stellus Private Credit BDC announced its financial results for the fourth fiscal quarter and full year ended December 31, 2025, on March 13, 2026, including net investment income of $4.17 million or $0.34 per share and a net increase in net assets from operations of $3.85 million. According to PR Newswire, the company funded $41.8 million in new investments during the quarter while receiving $18.1 million in repayments, resulting in a total portfolio at fair value of $400.1 million as of December 31, 2025.
Financial Highlights
For the three months ended December 31, 2025, Stellus Private Credit BDC reported net investment income of $4.17 million, or $0.34 per share, compared to $3.49 million, or $0.37 per share, for the same period in 2024. The company also recorded a net realized gain on investments of $1.42 million, or $0.11 per share, and net unrealized depreciation of $1.67 million, or $0.12 per share. For the full year, net investment income totaled $15.10 million, or $1.33 per share, with distributions amounting to $16.51 million, or $1.46 per share. Net asset value stood at $199.63 million, or $15.21 per share, as of December 31, 2025, according to the financial tables provided.
Portfolio Activity
As of December 31, 2025, Stellus Private Credit BDC’s investments at fair value reached $400.1 million, up from $300.7 million the previous year, with total assets at $404.7 million. The company had 74 portfolio company investments and 71 debt investments, with new investments of $41.8 million and repayments of $18.1 million in the fourth quarter. Weighted average yield on debt and other income-producing investments was 9.8% for the quarter, including 9.3% from cash, 0.1% from payment-in-kind, and 0.4% from fee amortization. According to PR Newswire, the weighted average yield on total investments was 9.4%.
CEO Statement and Dividend Declaration
Robert T. Ladd, Chief Executive Officer of Stellus Private Credit BDC, stated that the company generated $0.34 per share of net investment income and maintained a stable net asset value during the fourth quarter. On January 16, 2026, the company declared its 2026 first quarter monthly dividend of $0.35 per share in the aggregate, reflecting ongoing financial commitments. As widely known in the business development company sector, such declarations provide insight into operational stability, though specific outcomes depend on market conditions.
