FS Specialty Lending Fund Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	6.32	5.93	3.66	11.93	2.52	1.29	Upgrade
Other Revenue	196.79	217.16	154.06	173.04	148.19	220.64	Upgrade
Revenue	203.11	223.09	157.72	184.97	150.71	221.93	Upgrade
Revenue Growth (YoY)	5.41%	41.45%	-14.73%	22.73%	-32.09%	-39.35%	Upgrade
Gross Profit	203.11	223.09	157.72	184.97	150.71	221.93	Upgrade
Selling, General & Admin	51.97	50.4	50.08	57.13	53.33	64.38	Upgrade
Operating Expenses	51.97	50.4	50.08	57.13	53.33	64.38	Upgrade
Operating Income	151.14	172.69	107.64	127.84	97.38	157.55	Upgrade
Interest Expense	-35.26	-35.89	-23.7	-55.72	-54.12	-75.1	Upgrade
Currency Exchange Gain (Loss)	-1.43	-0.03	-0.09	-0.25	-0.04	0.01	Upgrade
Other Non Operating Income (Expenses)	3.23	9.66	1.75	-3.48	-	13.7	Upgrade
EBT Excluding Unusual Items	117.68	146.43	85.61	68.39	43.22	96.15	Upgrade
Gain (Loss) on Sale of Investments	-28.12	-49.16	-204.21	119.39	162.66	-973.53	Upgrade
Other Unusual Items	-	-	-	-0.93	-	2.59	Upgrade
Pretax Income	89.56	97.27	-118.6	186.86	205.88	-874.79	Upgrade
Income Tax Expense	1.46	2.23	2.58	2.35	-	-	Upgrade
Net Income	88.1	95.04	-121.18	184.5	205.88	-874.79	Upgrade
Net Income to Common	88.1	95.04	-121.18	184.5	205.88	-874.79	Upgrade
Net Income Growth	-	-	-	-10.38%	-	-	Upgrade
Shares Outstanding (Basic)	76	76	76	75	74	73	Upgrade
Shares Outstanding (Diluted)	76	76	76	75	74	73	Upgrade
Shares Change (YoY)	0.00%	0.24%	1.12%	1.27%	1.41%	0.10%	Upgrade
EPS (Basic)	1.16	1.25	-1.60	2.46	2.78	-11.99	Upgrade
EPS (Diluted)	1.16	1.25	-1.60	2.46	2.78	-11.99	Upgrade
EPS Growth	-	-	-	-11.50%	-	-	Upgrade
Dividend Per Share	2.235	2.024	1.135	0.720	0.720	1.040	Upgrade
Dividend Growth	23.16%	78.28%	57.67%	-	-30.76%	-65.34%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	74.41%	77.41%	68.25%	69.11%	64.62%	70.99%	Upgrade
Profit Margin	43.38%	42.60%	-76.83%	99.75%	136.61%	-394.18%	Upgrade
EBIT	151.14	172.69	107.64	127.84	97.38	157.55	Upgrade
EBIT Margin	74.41%	77.41%	68.25%	69.11%	64.62%	70.99%	Upgrade
Effective Tax Rate	1.63%	2.29%	-	1.26%	-	-	Upgrade
Revenue as Reported	203.11	223.09	157.72	184.97	150.71	221.93	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.