Casey Alexander

Erik Zwick

Mickey Schleien

Robert Dodd

Sean-Paul Adams

Bryce Rowe

- Saratoga Investment Corp. reported a **3.6% increase in Net Asset Value (NAV)** and a **0.4% increase in NAV per share** from the previous quarter, reaching **$25.61** as of August 31, 2025.  **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:0]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:3]** 
- The company achieved a **quarterly Return on Equity (ROE) of 13.8%**, which **exceeded the BDC industry average of 7.3%**, with a last twelve months (LTM) ROE of 9.1%.  **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:0]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:1]** 
- For the fiscal second quarter 2026, **Adjusted Net Investment Income (NII) per share was $0.58** and **Earnings per share (EPS) was $0.84**.  **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:0]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:1]** 
- **Assets Under Management (AUM) increased by 2.8%** to **$995.3 million** from the previous quarter, and **non-accrual investments were reduced to just one**, representing only **0.2% of the portfolio at fair value**.  **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:0]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:1]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:2]** 
- A **base dividend of $0.75 per share** was declared for the third quarter of fiscal 2026.  **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:0]** **[1377936_0001213900-25-097029_ea026053202ex99-1_saratoga.htm:4]**

SARATOGA INVESTMENT (SAR)