The earnings call reflects a strong financial performance with record-setting investment income and net investment income growth driven by strategic portfolio enhancements and a successful CLO platform. Despite challenges with nonaccrual investments and tariff impacts, the company's overall trajectory remains positive.

Company Guidance -

Q3 2025

During the second quarter of 2025, Great Elm Capital Corp. reported its highest total investment income in the company's history at $14.3 million, with net asset value (NAV) growing by over $0.60 per share from the previous quarter to $12.10 as of June 30. The company achieved a 14% increase in total investment income (TII) from the prior quarter and a nearly 50% year-over-year increase, driven by its expanding CLO platform and other cash-generating investments. Net investment income (NII) rose 29% sequentially to $0.51 per share, supported by a $4.3 million cash distribution from their CLO joint venture. Great Elm anticipates a temporary step-down in NII per share in the third quarter, followed by a significant rebound in the fourth quarter, as cash flows from the CLO platform stabilize. Over the trailing 12 months, total investment income grew by 29%, and NII increased by 32%, maintaining a trailing 12-month NII of $1.50 per share. The company aims to exceed 2024 NII levels, cover an annualized distribution rate of $1.48 per share, and maintain a strong portfolio underpinned by senior secured investments. As of June 30, GECC had $140 million in net assets, a NAV per share of $12.10, and an asset coverage ratio of 169.5%. The Board of Directors authorized a $0.37 per share cash distribution for the third quarter, representing a 12.2% annualized dividend yield on the June 30 NAV.

Record Total Investment Income

GECC delivered the highest total investment income in its history at $14.3 million, with a 14% increase from the previous quarter and nearly 50% year-over-year growth.

Significant Growth in Net Investment Income

Net investment income increased by approximately 29% sequentially, with NII per share rising to $0.51 from $0.40 in the prior quarter.

Strong Portfolio Performance

NAV per share grew over $0.60 from the prior quarter to $12.10. Unrealized gains from the investment in CW Opportunity 2 LP contributed to this growth.

CLO Platform Success

The growing CLO platform was a significant driver of income, contributing $4.3 million in cash distributions, up from $3.8 million last quarter.

Dividend Yield and Distribution

Authorized a $0.37 per share cash distribution for the third quarter, equating to a 12.2% annualized dividend yield.

Successful Specialty Finance Transformation

Great Elm Specialty Finance streamlined operations, exited equipment leaseholding at a gain, and repositioned for future growth and profitability.

Great Elm Capital (GECC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GECC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.25 / -	0.39	―	―	―
Aug 04, 2025	2025 (Q2)	0.43 / 0.51	0.32	59.38% (+0.19)
May 05, 2025	2025 (Q1)	0.39 / 0.40	0.37	8.11% (+0.03)
Mar 10, 2025	2024 (Q4)	0.35 / 0.20	0.43	-53.49% (-0.23)
Oct 31, 2024	2024 (Q3)	0.36 / 0.39	0.4	-2.50% (-0.01)
Aug 01, 2024	2024 (Q2)	0.34 / 0.32	0.44	-27.27% (-0.12)
May 02, 2024	2024 (Q1)	0.42 / 0.37	0.37	0.00% (0.00)
Feb 29, 2024	2023 (Q4)	0.45 / 0.43	0.3	43.33% (+0.13)
Nov 02, 2023	2023 (Q3)	0.44 / 0.40	0.14	185.71% (+0.26)
Aug 03, 2023	2023 (Q2)	0.38 / 0.44	0.23	91.30% (+0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GECC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$10.94	$11.00	+0.55%
May 05, 2025	$9.67	$10.22	+5.69%
Mar 10, 2025	$9.83	$9.82	-0.10%
Oct 31, 2024	$9.01	$8.69	-3.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Great Elm Capital Corporation (GECC) report earnings?

Great Elm Capital Corporation (GECC) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Great Elm Capital Corporation (GECC) earnings time?

Great Elm Capital Corporation (GECC) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GECC EPS forecast?

GECC EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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