Goldman Sachs BDC posted net investment income after taxes of $42.21 million for the quarter, down 5.04% from a year earlier.
Net increase in net assets from operations fell 39.73% to $23.68 million, as net realized and unrealized losses widened to $18.55 million.
Total investment income declined 7.97% to $83.72 million, with interest income sliding to $74.03 million on lower base rates and tighter credit spreads.
Total expenses dropped 10.85% to $40.66 million, as incentive fees fell to no incentive fees from $8.53 million.
Balance sheet and distribution
Net asset value per share decreased to $12.06 from $12.64 at Dec. 31, 2025.
The board later declared a $0.32 base distribution and a $0.03 supplemental distribution.
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