Bain Capital (BCSF) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 8:08 AM CST 18 min read

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Friday, February 27, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Michael Ewald

• President — Michael John Boyle

• Chief Financial Officer — Amit Joshi

• Managing Director — Katherine Schneider

Katherine Schneider: Thanks, Nikki. Good morning, and invited everyone to the Bain Capital Specialty Finance, Inc. Fourth Quarter and Fiscal Year Ended 12/31/2025 Conference Call. Yesterday, aft marketplace close, we issued our net property merchandise and capitalist presumption of our quarterly and yearly results, a transcript of which is disposable connected Bain Capital Specialty Finance, Inc.’s Investor Relations website. Following our remarks today, we volition clasp a question-and-answer league for analysts and investors. This telephone is being webcast, and a replay volition beryllium disposable connected our website. This telephone and webcast are the spot of Bain Capital Specialty Finance, Inc., and immoderate unauthorized broadcast successful immoderate signifier is strictly prohibited.

Any forward-looking statements made contiguous bash not warrant aboriginal performance; existent results whitethorn disagree materially. These statements are based connected existent absorption expectations, but see risks and uncertainties, which are identified successful the Risk Factors conception of our Form 10-Ks that could origin existent results to disagree materially from those indicated. Bain Capital Specialty Finance, Inc. assumes nary work to update immoderate forward-looking statements unless required to bash truthful by law. Lastly, past show does not warrant aboriginal results. I volition present crook the telephone implicit to our CEO, Michael Ewald.

Michael Ewald: Thanks, Katherine. Good morning, and acknowledgment to each of you for joining america connected our net telephone today. In summation to Katherine, I americium joined contiguous by Mike Boyle, our President, and our Chief Financial Officer, Amit Joshi. In presumption of the docket for the call, I volition commencement with an overview of our 4th fourth and 2025 full-year results, and past sermon the broader marketplace situation and our positioning. Thereafter, Mike and Amit volition sermon our concern portfolio and fiscal results successful greater detail, and we volition permission immoderate clip for questions astatine the extremity arsenic usual.

Beginning with our fiscal results, nett concern income per stock for the 4th fourth was $0.46, representing an annualized output of 10.6% connected equity. Our nett concern income covered our basal dividend of $0.42 per stock by 110%. Q4 net per stock were $0.43, representing an annualized instrumentality connected equity of 9.9%. For the afloat twelvemonth 2025, nett concern income per stock was $1.88, oregon an 11.1% instrumentality connected equity. 2025 net per stock were $1.53, representing a 9% instrumentality connected equity. We are pleased to study that these results reenforce the consistency of our affirmative show for our shareholders.