Fidus Investment Q4 NII Rises 5.1% to $19.4M as Originations Hit $213.7M Record
Fidus Investment posted Q4 adjusted net investment income of $19.4 million, up 5.1% year-over-year, aided by a 60% increase in fee income; adjusted NII per share was $0.52. Its year-end portfolio totaled $1.3 billion at fair value (102% of cost) with 86% first lien debt and record $213.7 million originations.
1. Q4 Investment Income Growth
Fidus Investment’s adjusted net investment income rose 5.1% year-over-year to $19.4 million in the fourth quarter, driven by a 60% jump in fee income; adjusted NII per share was $0.52, down from $0.54 a year earlier.
2. Record Originations and Portfolio Balance
Originations reached a record $213.7 million in Q4, with $121.5 million invested in eight new portfolio companies and 97% of originations allocated to first lien securities; the company’s portfolio stood at $1.3 billion at fair value (102% of cost), including a $142.3 million equity stake.
3. Dividend Policy and NAV Increase
Fidus paid total dividends of $0.50 per share in Q4 versus a $0.43 base distribution, and declared a $0.52 per share dividend for Q1 2026; net asset value rose to $741.9 million, boosting NAV per share to $19.55 from $19.33 at year-end 2024.
4. Credit Profile and Tech Exposure
Non-accrual assets accounted for less than 1% of the portfolio at fair value, and the software and tech-enabled services segment totaled $464 million—92% in first lien debt—with a 37% average loan-to-value and diversified exposure across 28 companies, reflecting AI and tech-enabled investments.