Nuveen Churchill Direct Lending (NYSE: NCDL) financial statements
The consolidated income statement, balance sheet and cash flow statement of Nuveen Churchill Direct Lending for its last 4 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $2,054m in total assets and $875.2m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Finance costs | $77.9m | $79.9m | $61.2m | $25.7m |
| Income tax | $0.8m | — | — | — |
| Net profit | $65.6m | $116.3m | $75.9m | $17.3m |
| Earnings per share | $1.86 | $2.26 | $2.52 | $1.95 |
| Diluted earnings per share | $1.86 | $2.26 | $2.52 | $1.95 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total assets | $2,054m | $2,144m | $1,731m | $1,254m |
| Cash | $62.5m | $43.3m | $67.4m | $39.3m |
| Total liabilities | $1,179m | $1,173m | $983.0m | $729.0m |
| Equity | $875.2m | $970.3m | $747.9m | $525.0m |
| Equity including minorities | $875.2m | $970.3m | $747.9m | $525.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating cash flow | $194.2m | −$297.2m | −$369.5m | −$427.8m |
| Financing cash flow | −$175.0m | $273.1m | $397.7m | $431.9m |
| Dividends paid | −$102.3m | −$95.2m | −$63.2m | −$34.7m |
Where each figure comes from
From the annual report (Form 10-K) that Nuveen Churchill Direct Lending files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Nuveen Churchill Direct Lending page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.