OFS Capital(US:OFS)2025-10-30 20:31Financial Performance - Net investment income decreased to $0.22 per common share for Q3 2025, down from $0.25 per common share in Q2 2025[4] - Net loss on investments was $0.58 per common share for Q3 2025, compared to a net loss of $0.31 per common share in Q2 2025[4] - Total investment income increased to $10.6 million in Q3 2025 from $10.5 million in Q2 2025[16] - Total investment income for the three months ended September 30, 2025, was $10,551,000, a slight increase from $10,476,000 in the previous quarter[28] - Net investment income for the nine months ended September 30, 2025, was $9,688,000, down from $12,636,000 for the same period in 2024, reflecting a decrease of approximately 23.1%[28] - The company reported a net loss on investments of $31,441,000 for the nine months ended September 30, 2025, compared to a loss of $9,669,000 for the same period in 2024[28] Asset and Liability Management - Net asset value per common share decreased from $10.91 as of June 30, 2025, to $10.17 as of September 30, 2025[4] - Total assets decreased from $428,123,000 as of December 31, 2024, to $378,150,000 as of September 30, 2025, representing a decline of approximately 11.7%[27] - Total liabilities decreased from $255,898,000 as of December 31, 2024, to $241,836,000 as of September 30, 2025, a reduction of approximately 5.5%[27] - Total outstanding debt was $239.2 million as of September 30, 2025, down from $243.4 million in the previous quarter[3] - As of September 30, 2025, approximately 62% of outstanding debt matures in more than two years[12] Investment Strategy - The company targets investments of $3 million to $20 million in privately held middle-market companies with annual EBITDA between $5 million and $50 million[29] - The company is externally managed and focuses on providing current income and capital appreciation primarily through debt investments[29] Distributions - A distribution of $0.17 per common share for Q4 2025 was declared, payable on December 31, 2025[4] - Distributions declared per common share remained stable at $0.34 for both the three months ended September 30, 2025, and June 30, 2025[28] Expenses - Total expenses rose to $7.6 million in Q3 2025, an increase of $0.4 million compared to the prior quarter[17] - The company recognized a net loss on investments of $7.8 million in Q3 2025, primarily due to a net realized loss of $4.6 million[18] - Net realized loss on investments for the three months ended September 30, 2025, was $4,646,000, compared to a loss of $4,191,000 in the previous quarter[28]