Reports 13.4% Increase in AUM and 0.9% Increase in NAV Year-Over-Year Annual ROE of 9.1% Beats Previous Year ROE of 7.5% and the BDC Industry Average of 4.3% Net Deployments of $101.1 Million for the Fourth Fiscal Quarter 2026, Supporting Five New Platforms and Fifteen Follow-Ons Non-Accruals Remain Low at 0.2% of Fair Value and 1.2% of Cost NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2026 fiscal year and fourth quarter ended February 28, 2026. Summary Financial Information The Company's summarized financial information is as follows: For the years ended and as of ($ in thousands, except per share) February 28, 2026 February 28, 2025 February 29, 2024 Assets Under Management (AUM) 1,109,134 978,078 1,138,794 Net Asset Value (NAV) 396,156 392,666 370,224 NAV per share 24.42 25.86 27.12 Total Investment Income 125,713 148,855 143,720 Net Investment Income (NII) per share 2.32 3.81 4.49 Adjusted NII per share 2.37 3.81 4.10 Earnings per share 2.31 2.02 0.71 Dividends per share (record date) 3.74* 3.30** 2.82 Return on Equity – last twelve months 9.1% 7.5% 2.5% Originations 309,502 168,077 246,101 Repayments 178,890 312,113 30,271 * Actual dividend of $3.74 per share, includes the additional special dividend of $0.25 per share declared during fiscal 2026 third quarter ** Actual dividend of $3.30 per share, includes the additional special dividend of $0.35 per share declared during fiscal 2025 third quarter For the three months ended and as of ($ in thousands, except per share) February 28, 2026 November 30, 2025 February 28, 2025 Assets Under Management (AUM) 1,109,134 1,015,950 978,078 Net Asset Value (NAV) 396,156 413,207 392,666 NAV per share 24.42 25.59 25.86 Total Investment Income 31,123 31,646 31,295 Net Investment Income (NII) per share 0.48 0.61 0.56 Adjusted NII per share 0.53 0.61 0.56 Earnings per share (0.16) 0.74 (0.05) Dividends per share (record date) 1.00* 1.09** 0.72 Return on Equity – last twelve months 9.1% 9.7% 7.5% – annualized quarter (2.6%) 13.5% (0.7%) Originations 135,139 72,122 41,802 Repayments 34,020 54,943 15,867 * Actual dividend of $1.00 per share, includes the additional special dividend of $0.25 per share declared during fiscal 2026 third quarter ** Actual dividend of $1.09 per share, includes the additional special dividend of $0.35 per share declared during fiscal 2025 third quarter Christian L.
