OFS Capital reports preliminary Q2 2025 net asset value drop

OFS Capital Corporation (NASDAQ: OFS) released preliminary estimates for its second quarter 2025 financial results, showing a decline in net asset value per share to a range of $10.86 to $10.96 compared to $11.97 at March 31, 2025.

The business development company estimated net investment income per share for the quarter ended June 30, 2025 at $0.23 to $0.27, compared to $0.26 in the first quarter. The company reported no new loans were placed on non-accrual status during the second quarter.

Total debt decreased to $243.4 million as of June 30, 2025, from $248.1 million at March 31, 2025. This included $63.4 million in revolving lines of credit, down from $68.1 million, while unsecured notes remained unchanged at $180.0 million.

OFS Capital had $10.2 million in cash and cash equivalents at June 30, 2025, along with $25.0 million in unused commitment under its senior secured revolving credit facility with Banc of California and $86.6 million in unused commitment under its revolving credit facility with BNP Paribas.

The company announced it will redeem $25.0 million in aggregate principal amount of its outstanding 4.75% unsecured notes due February 10, 2026 on August 11, 2025, plus accrued interest and any required make-whole premium payment.

The preliminary estimates are based on management's determinations and remain subject to completion of quarter-end closing procedures and third-party review, according to the company's statement. Actual results may differ materially from these estimates.

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