For the quarter ending 2025-11-30.
| Income Statement | 2025-11-30 | 2025-08-31 | 2025-05-31 | |
|---|---|---|---|---|
| Interest income-Investment Unaffiliated Issuer | 23,373,796 | 23,697,449 | 25,464,663 | |
| Interest income-Investment Affiliated Issuer | 687,188 | 684,587 | 595,624 | |
| Interest income-Investment Affiliated Issuer Controlled | 1,927,250 | 1,191,555 | 1,190,661 | |
| Payment in kind interest income-Investment Unaffiliated Issuer | 110,210 | 121,084 | 168,229 | |
| Payment in kind interest income-Investment Affiliated Issuer | 604,628 | 604,880 | 584,749 | |
| Payment in kind interest income-Investment Affiliated Issuer Controlled | 18,907 | 77,880 | 0 | |
| Total interest from investments | 26,721,979 | 26,377,435 | 28,003,926 | |
| Interest from cash and cash equivalents | 1,942,036 | 2,360,397 | 2,027,211 | |
| Management fee income | 628,774 | 663,632 | 705,175 | |
| Investment Unaffiliated Issuer | - | 127,689 | 562,183 | |
| Dividend Income Operating | 1,065,007 | 903,439 | 436,418 | |
| Total dividend from investments | 1,065,007 | 1,031,128 | 998,601 | |
| Structuring and advisory fee income | 662,461 | 221,600 | 264,375 | |
| Other income | 625,282 | -28,436 | 319,329 | |
| Total investment income | 31,645,539 | 30,625,756 | 32,318,617 | |
| Interest and debt financing expenses | 11,911,568 | 12,372,030 | 12,451,865 | |
| Base management fees | 4,434,590 | 4,374,324 | 4,333,332 | |
| Incentive management fees expense (benefit) | 2,447,611 | 2,271,173 | 2,536,513 | |
| Professional fees | 867,774 | 649,899 | 699,200 | |
| Administrator expenses | 1,350,000 | 1,283,333 | 1,250,000 | |
| Directors fees and expenses | - | - | 100,000 | |
| Insurance | 73,502 | 74,310 | 74,310 | |
| Directors fees and expenses | 90,000 | 118,500 | 131,500 | |
| General and administrative | 888,786 | 412,769 | 645,411 | |
| Income tax expense (benefit) | -204,678 | -11,315 | 54,454 | |
| Total operating expenses | 21,859,153 | 21,545,023 | 22,176,585 | |
| Net investment income | 9,786,386 | 9,080,733 | 10,142,032 | |
| Debt And Equity Securities Realized Gain Loss | 3,070,547 | 52,691 | 2,262,984 | |
| Investment Affiliated Issuer Controlled | - | - | 638,355 | |
| Net realized gain (loss) from investments | 3,070,547 | 52,691 | 2,901,339 | |
| Investment Unaffiliated Issuer | -926,785 | 478,796 | 372,148 | |
| Investment Affiliated Issuer | 695,483 | 139,577 | -45,944 | |
| Investment Affiliated Issuer Controlled | -352,356 | 3,109,340 | 617,773 | |
| Net change in unrealized appreciation (depreciation) on investments | -583,658 | 3,727,713 | 943,977 | |
| Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments | 150,134 | -423,998 | 55,085 | |
| Net realized and unrealized gain (loss) on investments | 2,336,755 | 4,204,402 | 3,790,231 | |
| Realized losses on extinguishment of debt | -123,157 | - | - | |
| Net increase (decrease) in net assets resulting from operations | 11,999,984 | 13,285,135 | 13,932,263 | |
| Basic EPS | 0.74 | 0.84 | 0.91 | |
| Diluted EPS | 0.74 | 0.84 | 0.91 | |
| Basic Average Shares | 16,108,862 | 15,775,387 | 15,344,510 | |
| Diluted Average Shares | 16,108,862 | 15,775,387 | 15,344,510 | |
SARATOGA INVESTMENT CORP. (SAJ)
SARATOGA INVESTMENT CORP. (SAJ)