OFS Capital | 8-K: FY2025 Q2 EPS Beats Estimate at USD 0.25

LB filings

2025.07.31 20:32

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EPS: As of FY2025 Q2, the actual value is USD 0.25, beating the estimate of USD 0.24.

Distribution: OFS Capital Corporation declared a third quarter distribution of $0.34 per common share, payable on September 30, 2025, to stockholders of record as of September 19, 2025.

Net Investment Income: Decreased to $0.25 per common share for the quarter ended June 30, 2025, from $0.26 per common share for the quarter ended March 31, 2025.
Net Loss on Investments: $0.97 per common share for the quarter ended June 30, 2025.
Net Asset Value: Decreased from $11.97 as of March 31, 2025, to $10.91 as of June 30, 2025.
Investment Portfolio: 90% of the loan portfolio consisted of floating rate loans, and 100% consisted of first lien and second lien loans as of June 30, 2025.
Weighted-Average Performing Income Yield: Increased to 13.6% from 13.4% during the prior quarter.
Total Investment Income: Increased to $10.5 million from $10.3 million in the prior quarter.
Total Expenses: Increased by $0.4 million to $7.2 million compared to the prior quarter.
Net Loss on Investments: $12.9 million due to net unrealized depreciation, net of taxes, of $8.7 million and net realized losses of $4.2 million.
Cash and Cash Equivalents: $10.2 million as of June 30, 2025.
Outstanding Debt: Total outstanding debt - principal was $243.4 million as of June 30, 2025.

Total Investments: $382.7 million as of June 30, 2025.
Debt Investments: $211.2 million, with approximately 85% in first lien and 15% in second lien loans.
Equity Investments: $98.9 million.
Structured Finance Securities: $72.6 million.
Non-Accrual Loans: Aggregate fair value of $15.2 million, or 4.0% of total investments at fair value as of June 30, 2025.

Unused Commitments: $25.0 million under the senior secured revolving credit facility with Banc of California and $86.6 million under the revolving credit facility with BNP Paribas as of June 30, 2025.
Outstanding Commitments: $16.1 million to fund various undrawn revolvers and other credit facilities of portfolio companies as of June 30, 2025.

OFS Capital Corporation has declared a distribution of $0.34 per common share for the third quarter of 2025, payable on September 30, 2025, to stockholders of record as of September 19, 2025.
The company has issued notices to redeem $25.0 million and $69.0 million of its 4.75% unsecured notes due February 2026 on August 11, 2025, and August 21, 2025, respectively.
The company closed a public offering of $69.0 million aggregate principal amount of 7.50% unsecured notes due July 31, 2028, with estimated net proceeds of approximately $67.3 million.