Morgan Stanley Direct Lending Fund Financials

Values in thousands	2026-06-30	2026-03-31	2025-12-31	2025-09-30
Revenue	$80,567	$75,057	$86,923	$64,684
Gross Profit	64,806	59,766	69,987	30,781
EBITDA	39,946	26,155	62,071	28,003
EBIT			0
Net Income	7,928	-4,510	28,727	27,601
Net Change In Cash	80,567	75,057	86,923	64,684
Free Cash Flow	103,805	86,347	53,754	39,008
Cash	65,816	96,693	81,434	65,472
Basic Shares	84,754	85,775	87,270	86,844

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$386,993	$332,522	$328,129	$100,216
Gross Profit	313,571	209,594	215,246	33,034
EBITDA	258,226	218,001	232,533	48,876
EBIT	0		155,255	102,589
Net Income	122,094	215,564	231,014	48,542
Net Change In Cash	386,993	332,522	328,129	100,216
Free Cash Flow	150,898	201,470	185,780	121,594
Cash	81,434	70,372	69,705	81,215
Basic Shares	87,270	89,264	88,278	88,278