Mickey Schleien

Erik Zwick

Bryce Rowe

Matthew Hewitt

Matthew Hurwit

Sean-Paul Adams

- Gladstone Investment Corporation reported **net investment income of $4.3 million ($0.11 per weighted-average common share)** for the second fiscal quarter ended September 30, 2025, a decrease from the prior quarter, while **Adjusted net investment income per weighted-average common share remained stable at $0.24** for both quarters.  **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:0]** **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:2]** 
- **Net asset value per common share increased to $13.53** as of September 30, 2025, up from $12.99 as of June 30, 2025, primarily driven by **$54.5 million in net unrealized appreciation of investments**.  **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:0]** **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:2]** 
- During the quarter ended September 30, 2025, the company invested **$67.6 million** in Global GRAB Technologies, Inc. and recognized a **$29.9 million realized loss** from the restructuring of a loan with J.R. Hobbs Co. - Atlanta, LLC.  **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:2]** 
- The company paid **$0.08 per common share** in monthly distributions for July, August, and September 2025, and declared the same amount for October, November, and December 2025.  **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:2]** **[1321741_0001321741-25-000023_gain93025er8-kex991x11425.htm:3]**

GLADSTONE INVESTMENT CORPORATION\DE (GAIN)