Oxford Square Capital (OXSQ) - 2025 Q2 - Quarterly Results

Key Financial and Operational Highlights for Q2 2025 Q2 2025 highlights include a NAV per share of $2.06, NII of $5.5 million, and $9.5 million in total investment income Key Financial Metrics (Q2 2025 vs Q1 2025) | Metric | Q2 2025 (ended June 30) | Q1 2025 (ended March 31) | | :--- | :--- | :--- | | Net Asset Value (NAV) per Share | $2.06 | $2.09 | | Net Investment Income (NII) | ~$5.5 million | ~$6.1 million | | NII per Share | $0.08 | $0.09 | | Total Investment Income | ~$9.5 million | ~$10.2 million | Q2 2025 Investment Income Breakdown | Source | Income Amount ($) | | :--- | :--- | | Debt Investments | $5.1 million | | CLO Equity Investments | $3.9 million | | Other Income | $0.6 million | Weighted Average Investment Yields (at cost) | Investment Type | June 30, 2025 (%) | March 31, 2025 (%) | | :--- | :--- | :--- | | Debt Investments | 14.5% | 14.3% | | CLO Equity Investments (Effective Yield) | 8.8% | 9.0% | | CLO Equity Investments (Cash Distribution Yield) | 13.8% | 15.5% | - The net increase in net assets from operations for Q2 2025 was approximately $4.4 million, composed of $5.5 million in NII, offset by $2.4 million in net realized losses, and supplemented by $1.3 million in net unrealized appreciation[1] - During the second quarter, the company issued approximately 4.9 million shares of common stock through an "at-the-market" offering, resulting in net proceeds of approximately $11.6 million[1][2] Declaration of Common Stock Distributions The Board declared monthly common stock distributions of $0.035 per share for October, November, and December 2025 Common Stock Distribution Schedule | Month Ending | Record Date | Payment Date | Amount Per Share ($) | | :--- | :--- | :--- | :--- | | October 31, 2025 | October 17, 2025 | October 31, 2025 | $0.035 | | November 30, 2025 | November 14, 2025 | November 28, 2025 | $0.035 | | December 31, 2025 | December 17, 2025 | December 31, 2025 | $0.035 | Financial Statements Financial statements detail the company's position as of June 30, 2025, with total assets of $274.8 million and net assets of $157.4 million Statements of Assets and Liabilities (Balance Sheet) As of June 30, 2025, total assets were $274.8 million, total liabilities $117.4 million, and total net assets $157.4 million, with NAV per share at $2.06 Balance Sheet Summary | Account | June 30, 2025 ($) | December 31, 2024 ($) | | :--- | :--- | :--- | | Total Investments (Fair Value) | 241,507,000 | 260,852,859 | | Total Assets | 274,846,650 | 299,730,974 | | Total Liabilities | 117,423,934 | 139,065,494 | | Total Net Assets | 157,422,716 | 160,665,480 | | Net Asset Value per Share | $2.06 | $2.30 | Statements of Operations (Income Statement) For Q2 2025, total investment income was $9.5 million, with net investment income of $5.5 million ($0.08 per share) Quarterly Performance (Three Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Total Investment Income | 9,522,181 | 11,445,456 | | Total Expenses | 4,022,616 | 3,723,550 | | Net Investment Income | 5,499,565 | 7,721,906 | | Net Increase in Net Assets from Operations | 4,385,357 | 5,259,005 | | NII per Share | $0.08 | $0.13 | Year-to-Date Performance (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Total Investment Income | 19,683,231 | 22,122,880 | | Net Investment Income | 11,603,439 | 14,259,462 | | Net (Decrease)/Increase in Net Assets from Operations | (3,736,160) | 3,490,615 | | NII per Share | $0.16 | $0.24 | Financial Highlights Key per-share data and performance ratios for Q2 2025 include a total return based on NAV of 3.59% and an annualized expense ratio of 10.78% Per Share Data (Three Months Ended June 30) | Per Share Data | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | NAV at beginning of period | $2.09 | $2.42 | | Net Investment Income | $0.08 | $0.13 | | Net Realized/Unrealized Losses | ($0.02) | ($0.04) | | Total Distributions | ($0.11) | ($0.11) | | NAV at end of period | $2.06 | $2.43 | Total Return (Three Months Ended June 30) | Return Metric | 2025 (%) | 2024 (%) | | :--- | :--- | :--- | | Total Return based on Market Value | (10.49)% | (4.06)% | | Total Return based on Net Asset Value | 3.59% | 4.75% | Key Ratios (Annualized, Three Months Ended June 30) | Ratio | 2025 (%) | 2024 (%) | | :--- | :--- | :--- | | Ratio of expenses to average net assets | 10.78% | 11.15% | | Ratio of net investment income to average net assets | 14.26% | 20.04% | Corporate Information Oxford Square Capital Corp. is a BDC primarily investing in syndicated bank loans and CLO tranches, with forward-looking statement disclaimers included - The company is a business development company (BDC) that principally invests in syndicated bank loans and, to a lesser extent, in debt and equity tranches of collateralized loan obligation (CLO) vehicles[13] - The press release contains forward-looking statements that are not guarantees of future performance and are subject to risks and uncertainties[14]