Morgan Stanley Direct Lending Fund (MSDL) EBIAT (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of EBIAT data on file, last reported at $40.5 million in Q1 2026.

• Quarterly EBIAT rose 36.54% year-over-year to $40.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $210.6 million (up 8.79% YoY) and the FY2025 annual result came in at $176.0 million, down 18.34% from the prior year.
• EBIAT fell to $40.5 million in Q1 2026 per MSDL's latest filing, from $82.7 million in the prior quarter.
• Across five years, EBIAT topped out at $82.7 million in Q4 2025 and bottomed at -$3.3 million in Q2 2022.
• The 5-year median for EBIAT is $43.7 million (2025), against an average of $40.2 million.
• The widest annual swing landed in 2023, when EBIAT surged 1829.76%; it then sank 45.71% in 2025.
• Tracing MSDL's EBIAT over 5 years: stood at $20.1 million in 2022, then advanced by 21.46% to $24.4 million in 2023, then soared by 111.3% to $51.6 million in 2024, then jumped by 60.1% to $82.7 million in 2025, then tumbled by 50.99% to $40.5 million in 2026.
• Per Business Quant, the three latest MSDL EBIAT figures stand at $40.5 million (Q1 2026), $82.7 million (Q4 2025), and $43.7 million (Q3 2025).

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