Investcorp Credit Management BDC, Inc. (ICMB) Q2 2025 Earnings Call Transcript

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Q2 2025 Earnings Conference Call March 26, 2025 10:00 AM ET

Company Participants

Walter Tsin – CFO
Suhail Shaikh – CEO

Conference Call Participants

Christopher Nolan – Ladenburg Thalmann

Walter Tsin

[Starts Abruptly] and Chief Executive Officer of the company.

I would like to remind everyone that today’s call is being recorded and that this call is the property of Investcorp Credit Management BDC. Any unauthorized broadcast of this call in any form is strictly prohibited. Audio replay of the call will be available [Technical Difficulty] Platform four our Investor Relations’ page on our website.

The format for today’s call is as follows; Suhail will provide an overall business and portfolio summary, and I will then provide an overview of our results, summarizing the financials followed by a Q&A.

At this time, I would like to turn the call over to Suhail.

Suhail Shaikh

Thanks, Walt, and thank you to everyone for joining us today. Before I discuss the market environment and portfolio activity, it gives me great pleasure to announce that we’ve appointed Andrew Muns, Managing Director of the Advisor and a senior member of the investment team as Investcorp Credit Management BDC’s Chief Operating Officer. Andrew has been with the firm for several years and has been a key member of the team. It brings a vast experience, and I’m excited to have him join the executive team of the company.

For the quarter ending December 31, 2024, we reported net investment income of $0.8 million or $0.06 a share compared to $0.16 per share in the prior quarter. Consequently, our net asset value per share decreased by $0.16 per share to $5.39 compared to $5.55 as of September 30, 2024. The decline in net was primarily driven by lower investment yields and mark-to-market fluctuations reflecting broader market volatility and a tightening spread environment.