Fidus (FDUS) Q1 2026 Earnings Call Transcript

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DATE

Friday, May 8, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Edward H. Ross

• Chief Financial Officer — Shelby Elizabeth Sherard

• Investor Relations — Jody Burfening

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Full Conference Call Transcript

Operator: Good day, and invited to the Fidus Investment Corporation First Quarter 2026 Earnings Conference Call. All participants volition beryllium successful listen-only mode. Should you request assistance, delight awesome a league specializer by pressing the prima cardinal followed by zero. After today's presentation, determination volition beryllium an accidental to inquire questions. To inquire a question, you whitethorn property prima past 1 connected a touch-tone phone. To retreat your question, delight property prima past 2. Please enactment this lawsuit is being recorded. I would present similar to crook the league implicit to Jody Burfening. Please spell ahead.

Jody Burfening: Thank you, Debbie, and bully morning, everyone, and convey you for joining america for Fidus Investment Corporation's First Quarter 2026 Earnings Conference Call. With maine this greeting are Edward H. Ross, Fidus Investment Corporation's president and main enforcement officer, and Shelby Elizabeth Sherard, main fiscal officer. Fidus Investment Corporation issued a property merchandise yesterday day with the company's quarterly fiscal results. A transcript of the property merchandise is disposable connected the Investor Relations leafage of the company's website astatine fdus.com. I would besides similar to telephone your attraction to the customary harmless harbor disclosure regarding forward-looking accusation included connected today's call.

The league telephone contiguous volition incorporate forward-looking statements including statements regarding the goals, strategies, beliefs, aboriginal potential, operating results, and currency flows of Fidus Investment Corporation. Although absorption believes these statements are tenable based connected estimates, assumptions, and projections arsenic of today, 05/07/2026, these statements are not guarantees of aboriginal performance. Time-sensitive accusation whitethorn nary longer beryllium close astatine the clip of immoderate telephonic oregon webcast replay. Actual results whitethorn disagree materially arsenic a effect of risks, uncertainties, and different factors including, but not constricted to, the factors acceptable distant successful the company's filings with the Securities and Exchange Commission. Fidus undertakes nary work to update oregon revise immoderate of these forward-looking statements.

With that, I would present similar to crook the telephone implicit to Edward H. Ross. Good morning, Ed.

Edward H. Ross: Good morning, Jody, and bully morning, everyone. Welcome to our archetypal 4th 2026 net league call. In today's call, I volition commencement with a reappraisal of our archetypal 4th show and our portfolio astatine 4th end, and past stock with you our outlook for 2026. Shelby volition screen the archetypal 4th fiscal results and our liquidity position. After we person completed our prepared remarks, we volition beryllium blessed to instrumentality your questions. Fidus' archetypal 4th results were highly beardown from an income connection perspective. With adjusted NII of 62¢ per share, our indebtedness portfolio continued to over-earn our basal dividend of $0.43 per stock and to enactment a payout of excess net to shareholders.