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Quarterly Earnings Presentation Highlights and Performance Overview

GOLUB CAPITAL DIRECT LENDING UNLEVERED CORPORATION (GDLCU) | September 30, 2025

By Liam Parker

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The quarter ended September 30, 2025, saw GDLCU generate a net income return on equity of 7.7%.

GDLCU achieved an inception-to-date IRR on NAV of 9.5% through September 30, 2025.

New investment commitments of $40.7 million were made during the quarter.

The fair value of investments as of September 30, 2025, stood at $390.1 million.

Annualized Net Income Return on Equity

7.7% during Q3 2025.

Inception-to-Date IRR on NAV

9.5% through September 30, 2025.

New Investment Commitments

$40.7 million in Q3 2025.

Fair Value of Investments

$390.1 million as of September 30, 2025.

  • The performance indicators show steady growth and positive returns for GDLCU.
  • Continued investment in portfolio companies demonstrates confidence in the market.
  • The earnings presentation highlights GDLCU's commitment to strategic investment decisions and financial transparency.

Overall, GDLCU's performance in Q3 2025 reflects a strong financial position and prudent investment strategies, signaling stability and growth potential for investors.