Investcorp Credit Management BDC, Inc. reported a significant decline in net income for the year ended December 31, 2025, driven by increased unrealized depreciation and higher financing costs, reflecting broader market rate pressures on its investment portfolio.
Key takeaways
Net Income was -$8.8M (-116.2%) due to unrealized depreciation and elevated borrowing costs linked to SOFR and LIBOR increases.
Eps was $-0.61 (-117.9%), reflecting amplified per-share impact from declining net income amid stable share count assumptions.
Net cash from operations declined to $11.7M from $37.1M, indicating reduced cash generation despite ongoing portfolio activity.