Golub Capital Private Income Fund S Reports $27,000 Net Income in First Quarter
Golub Capital Private Income Fund S posted net income of $27,000 for the quarter ending December 31, 2025, its first reporting period since formation. The closed-end fund raised $106.8 million in equity and drew $105.9 million in debt.
Golub Capital Private Income Fund S reported net income of $27,000 for the three months ending December 31, 2025, its first operational quarter since the Delaware statutory trust was formed in July 2025. Read more earnings reports.
The externally managed, non-diversified closed-end fund ended the quarter with total assets of $250.3 million, including $68.7 million in cash. Total liabilities stood at $143.4 million, driven by $105.9 million in long-term debt.
Stockholders' equity reached $106.8 million as of December 31, compared to just $10,000 at September 30. The fund had 4.27 million common shares outstanding at quarter-end, up from 400 shares three months earlier.
Cash used in operations totaled $73.0 million during the quarter, while financing activities generated $141.7 million. The company reported earnings of $0.18 per share, based on 144,834 weighted average shares outstanding.
Additional paid-in capital stood at $106.8 million at December 31, with common stock valued at $43,000. The fund reported no retained earnings or deficit for the period.
Key Financial Data
| Metric | Q1 FY2026 |
|---|---|
| Net Income | $27,000 |
| Total Assets | $250.3 million |
| Total Liabilities | $143.4 million |
| Stockholders' Equity | $106.8 million |
| Long-Term Debt | $105.9 million |
| Cash | $68.7 million |
| EPS (Diluted) | $0.18 |
| Shares Outstanding | 4.27 million |