Reports 5.2% Increase in NII Per Share and 0.7% Increase in NAV from Previous Quarter, with NAV Per Share Remaining Stable Quarterly ROE of 13.5% Generates LTM ROE of 9.7% and Beats the BDC Industry Average of 6.6% NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its fiscal third quarter 2026 ended November 30, 2025. Summary Financial Information The Company's summarized financial information is as follows: For the three months ended and as of ($ in thousands, except per share) November 30, 2025 August 31, 2025 November 30, 2024 Assets Under Management (AUM) 1,015,950 995,295 960,093 Net Asset Value (NAV) 413,207 410,500 374,866 NAV per share 25.59 25.61 26.95 Total Investment Income 31,646 30,626 35,879 Net Investment Income (NII) per share 0.61 0.58 0.90 Adjusted NII per share 0.61 0.58 0.90 Earnings per share 0.74 0.84 0.64 Dividends per share (declared) 0.75* 0.75 0.74** Return on Equity – last twelve months 9.7% 9.1% 9.2% – annualized quarter 13.5% 13.8% 9.5% Originations 72,122 52,222 84,490 Repayments 54,943 29,824 160,404 * Actual dividend of $1.00 per share, including the additional special dividend of $0.25 per share declared this fiscal 2026 third quarter in addition with the regular dividend ** Actual dividend of $1.09 per share, including the additional special dividend of $0.35 per share declared this fiscal 2025 third quarter in conjunction with the regular dividend Christian L.
