FDUS

EX-99.1

2 fdus-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FIDUS INVESTMENT CORPORATION ANNOUNCES

Third QUARTER 2026 FINANCIAL RESULTS

Board of Directors Declared Total Dividends of $0.54 per Share for Fourth Quarter 2026 Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share

EVANSTON, Ill., November 5, 2026 – Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the third quarter ended September 30, 2026.

Third Quarter 2026 Financial Highlights

• Total investment income of $45.9 million

• Net investment income of $21.1 million, or $0.54 per share

• Adjusted net investment income of $21.0 million, or $0.54 per share(1)

• Invested $51.8 million in debt and equity securities

• Received proceeds from repayments and realizations of $52.4 million

• Paid total dividends of $0.50 per share: regular quarterly dividend of $0.43 and a supplemental dividend of $0.07 per share on September 29, 2026

• Net asset value (“NAV”) of $774.4 million, or $19.47 per share, as of September 30, 2026

• Estimated spillover income (or taxable income in excess of distributions) as of September 30, 2026 of $37.7 million, or $0.95 per share

Management Commentary

“In the third quarter, our high performing debt portfolio generated adjusted net investment income of $0.54, which represented 18% year over year growth driven by a 27% increase in interest income, and continued to amply cover our base dividend. With originations roughly equal to repayments and realizations, our portfolio remains well diversified and healthy from a credit quality perspective,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation. “Looking ahead, we intend to continue to carefully select high quality companies that possess both defensive characteristics and positive outlooks for growth. Our proven investment strategy has served us well and positions Fidus to continue to deliver attractive risk-adjusted returns for our shareholders.”

(1) Supplemental information regarding adjusted net investment income:

On a supplemental basis, we provide information relating to adjusted net investment income, which is a non-GAAP measure. This measure is provided in addition to, but not as a substitute for, net investment income. Adjusted net investment income represents net investment income excluding any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The management agreement with our investment adviser provides that a capital gains incentive fee is determined and paid annually with respect to cumulative realized capital gains (but not unrealized capital gains) to the extent such realized capital gains exceed realized and unrealized losses. In addition, we accrue, but do not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. As such, we believe that adjusted net investment income is a useful indicator of operations exclusive of any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. Reconciliations of net investment income to adjusted net investment income are set forth in Schedule 1.

Third Quarter 2026 Financial Results

The following table provides a summary of our operating results for the three months ended September 30, 2026, as compared to the same period in 2025 (dollars in thousands, except per share data):

Three Months Ended September 30,

2026

2025

$ Change

% Change

Interest income

$

39,103

$

30,815

$

8,288

26.9

%

Payment-in-kind interest income

3,126

3,185

(59

)

(1.9

%)

Dividend income

(78

)

989

(1,067

)

(107.9

%)

Fee income

2,986

1,322

1,664

125.9

%

Interest on idle funds

776

942

(166

)

(17.6

%)

Total investment income

$

45,913

$

37,253

$

8,660

23.2

%

Net investment income

$

21,139

$

17,369

$

3,770

21.7

%

Net investment income per share

$

0.54

$

0.49

$

0.05

10.2

%

Adjusted net investment income (1)

$

20,977

$

17,723

$

3,254

18.4

%

Adjusted net investment income per share (1)

$

0.54

$

0.50

$

0.04

8.0

%

Net increase (decrease) in net assets resulting from operations

$

20,327

$

19,138

$

1,189

6.2

%

Net increase (decrease) in net assets resulting from operations per share

$

0.52

$

0.54

$

(0.02

)

(3.7

%)

The $8.7 million increase in total investment income for the three months ended September 30, 2026, as compared to the same period in 2025, was primarily attributable to (i) a $8.2 million increase in total interest income (which includes payment-in-kind interest income) resulting from an increase in

EX-99.1

2 fdus-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FIDUS INVESTMENT CORPORATION ANNOUNCES

Second QUARTER 2026 FINANCIAL RESULTS

Board of Directors Declared Total Dividends of $0.50 per Share for Third Quarter 2026 Base Dividend of $0.43 and Supplemental Dividend of $0.07 Per Share

EVANSTON, Ill., August 6, 2026 – Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

• Total investment income of $43.5 million

• Net investment income of $18.7 million, or $0.49 per share

• Adjusted net investment income of $18.9 million, or $0.50 per share(1)

• Invested $98.0 million in debt and equity securities, including four new portfolio companies

• Received proceeds from repayments and realizations of $39.2 million

• Paid total dividends of $0.62 per share: regular quarterly dividend of $0.43 and a supplemental dividend of $0.19 per share on June 29, 2026

• Net asset value (“NAV”) of $738.5 million, or $19.46 per share, as of June 30, 2026

• Estimated spillover income (or taxable income in excess of distributions) as of June 30, 2026 of $38.0 million, or $1.00 per share

Management Commentary

“Fidus’ portfolio remains healthy with sound credit quality overall as of the end of the second quarter. While ongoing geopolitical uncertainties and market volatility weighed on activity levels during the quarter, we added $58.8 million in net originations to the portfolio, with a focus on highly structured first lien investments. In addition, our portfolio continued to perform well with debt investments generating adjusted net investment income in excess of the base dividend and equity investment monetizations delivering realized gains,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation. “Our portfolio remains well positioned to continue to deliver attractive risk adjusted returns for our shareholders.”

(1) Supplemental information regarding adjusted net investment income:

On a supplemental basis, we provide information relating to adjusted net investment income, which is a non-GAAP measure. This measure is provided in addition to, but not as a substitute for, net investment income. Adjusted net investment income represents net investment income excluding any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The management agreement with our investment adviser provides that a capital gains incentive fee is determined and paid annually with respect to cumulative realized capital gains (but not unrealized capital gains) to the extent such realized capital gains exceed realized and unrealized losses. In addition, we accrue, but do not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. As such, we believe that adjusted net investment income is a useful indicator of operations exclusive of any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. Reconciliations of net investment income to adjusted net investment income are set forth in Schedule 1.

Second Quarter 2026 Financial Results

The following table provides a summary of our operating results for the three months ended June 30, 2026, as compared to the same period in 2025 (dollars in thousands, except per share data):

Three Months Ended June 30,

2026

2025

$ Change

% Change

Interest income

$

36,502

$

32,211

$

4,291

13.3

%

Payment-in-kind interest income

3,482

2,451

1,031

42.1

%

Dividend income

862

631

231

36.6

%

Fee income

2,096

3,884

(1,788

)

(46.0

%)

Interest on idle funds

560

793

(233

)

(29.4

%)

Total investment income

$

43,502

$

39,970

$

3,532

8.8

%

Net investment income

$

18,692

$

18,628

$

64

0.3

%

Net investment income per share

$

0.49

$

0.53

$

(0.04

)

(7.5

%)

Adjusted net investment income (1)

$

18,946

$

19,959

$

(1,013

)

(5.1

%)

Adjusted net investment income per share (1)

$

0.50

$

0.57

$

(0.07

)

(12.3

%)

Net increase (decrease) in net assets resulting from operations

$

19,963

$

25,284

$

(5,321

)

(21.0

%)

Net increase (decrease) in net assets resulting from operations per share

$

0.53

$

0.72

$

(0.19

)

(26.4

%)

The $3.5 million increase in total investment income for the three months ended June 30, 2026, as compared to the same period in 2025, was primarily attributable to (i) a $5.3 million increase in total interest income (which includes payment-in-kind interest income) resulting from an increase in average debt investme

EX-99.1

2 fdus-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FIDUS INVESTMENT CORPORATION ANNOUNCES

First QUARTER 2026 FINANCIAL RESULTS

Board of Directors Declared Total Dividends of $0.62 per Share for Second Quarter 2026 Base Dividend of $0.43 and Supplemental Dividend of $0.19 Per Share

EVANSTON, Ill., May 7, 2026 – Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Financial Highlights

• Total investment income of $47.5 million

• Net investment income of $24.6 million, or $0.65 per share

• Adjusted net investment income of $23.7 million, or $0.62 per share(1)

• Invested $118.7 million in debt and equity securities, including two new portfolio companies

• Received proceeds from repayments and realizations of $73.1 million

• Paid total dividends of $0.52 per share: regular quarterly dividend of $0.43 and a supplemental dividend of $0.09 per share on March 30, 2026

• Net asset value (“NAV”) of $742.0 million, or $19.55 per share, as of March 31, 2026

• Estimated spillover income (or taxable income in excess of distributions) as of March 31, 2026 of $43.4 million, or $1.14 per share

Management Commentary

“Fidus' debt portfolio produced extremely strong earnings for the first quarter driven by a 13.1% increase in interest income and a higher level of fees. In addition, with adjusted net investment income of $0.62 per share, we extended our track record of over-earning the base dividend and are pleased to continue to pay-out excess earnings to shareholders,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation. “With strong defensive characteristics and high free cash flow generating business models, our portfolio of niche market leaders remains sound from a credit quality perspective and well positioned to generate attractive risk-adjusted returns for our shareholders.”

(1) Supplemental information regarding adjusted net investment income:

On a supplemental basis, we provide information relating to adjusted net investment income, which is a non-GAAP measure. This measure is provided in addition to, but not as a substitute for, net investment income. Adjusted net investment income represents net investment income excluding any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The management agreement with our investment adviser provides that a capital gains incentive fee is determined and paid annually with respect to cumulative realized capital gains (but not unrealized capital gains) to the extent such realized capital gains exceed realized and unrealized losses. In addition, we accrue, but do not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. As such, we believe that adjusted net investment income is a useful indicator of operations exclusive of any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. Reconciliations of net investment income to adjusted net investment income are set forth in Schedule 1.

First Quarter 2026 Financial Results

The following table provides a summary of our operating results for the three months ended March 31, 2026, as compared to the same period in 2025 (dollars in thousands, except per share data):

Three Months Ended March 31,

2026

2025

$ Change

% Change

Interest income

$

34,288

$

30,319

$

3,969

13.1

%

Payment-in-kind interest income

3,069

2,248

821

36.5

%

Dividend income

283

1,231

(948

)

(77.0

%)

Fee income

8,943

2,127

6,816

320.5

%

Interest on idle funds

941

571

370

64.8

%

Total investment income

$

47,524

$

36,496

$

11,028

30.2

%

Net investment income

$

24,641

$

18,222

$

6,419

35.2

%

Net investment income per share

$

0.65

$

0.53

$

0.12

22.6

%

Adjusted net investment income (1)

$

23,689

$

18,509

$

5,180

28.0

%

Adjusted net investment income per share (1)

$

0.62

$

0.54

$

0.08

14.8

%

Net increase (decrease) in net assets resulting from operations

$

19,884

$

19,658

$

226

1.1

%

Net increase (decrease) in net assets resulting from operations per share

$

0.52

$

0.58

$

(0.06

)

(10.3

%)

The $11.0 million increase in total investment income for the three months ended March 31, 2026, as compared to the same period in 2025, was primarily attributable to (i) a $4.8 million increase in total interest income (which includes payment-in-kind interest income) resulting from an increase in average debt investment balances outstanding, partially offset by a decrease in wei