Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported its financial results for the fiscal quarter ended September 30, 2026, in a Form 8-K filed on November 11, 2026. The company announced a significant decrease in its Net Asset Value (NAV) for the quarter.
For the three months ended September 30, 2026, the company’s net assets decreased by $6.0 million, or 12.16%, to $43.6 million. This resulted in a Net Asset Value per share of $3.02, down from $3.44 as of June 30, 2026.
The company reported a Net Investment Loss (NII) before taxes of $1.8 million, or $0.13 per share. The total net decrease in net assets from operations for the quarter was $4.8 million, or $0.33 per share. This decline was driven by a decrease in the company’s net unrealized gains and losses of approximately $3.0 million, or $0.20 per share.
Despite the drop in NAV, the company’s weighted average yield on debt investments, at fair market value, was 9.53% as of September 30, 2026. The company also noted that its investment adviser waived all management fees earned for the quarter and waived the remaining $0.2 million of previously accrued income-based incentive fees payable.
As of September 30, 2026, the company had $18.8 million in cash, of which $9.2 million was restricted cash, and $10.1 million of unused commitment under its revolving credit facility with Capital One, N.A. The company also had availability to borrow $5.5 million from the revolving credit facility based on the borrowing base.
Subsequent to September 30, 2026, the company received approximately $11.5 million from the repayment of five positions, including two full repayments, bringing the total number of portfolio companies to 29 as of November 11, 2026.
