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CHICAGO - OFS Capital Corporation (NASDAQ:OFS), a business development company with an "GREAT" financial health rating according to InvestingPro, announced preliminary financial estimates for the quarter ended June 30, 2025, showing a decline in net asset value per share. The company, currently valued at $115.36 million, has maintained a strong dividend track record, with payments continuing for 13 consecutive years.
The business development company estimates its net asset value (NAV) per share will be between $10.86 and $10.96, down from $11.97 at March 31, 2025. Net investment income per share is expected to be between $0.23 and $0.27, compared to $0.26 in the previous quarter. Despite trading at a modest P/E ratio of 3.81, the company maintains an impressive dividend yield of 15.8%, making it particularly attractive to income-focused investors.
The company reported no new loans were placed on non-accrual status during the second quarter. Total debt decreased slightly to $243.4 million as of June 30, 2025, from $248.1 million at the end of the first quarter. With a healthy current ratio of 2.23, InvestingPro data shows the company maintains strong liquidity with assets well-covering short-term obligations.
OFS Capital disclosed plans to redeem $25 million of its 4.75% unsecured notes due February 2026 on August 11, 2025. The redemption represents a portion of the $125 million outstanding notes.
As of June 30, the company had $10.2 million in cash and cash equivalents, with unused commitments of $25 million under its senior secured revolving credit facility with Banc of California and $86.6 million under its revolving credit facility with BNP Paribas.
OFS Capital primarily invests in privately held middle-market companies in the United States, focusing on investments of $3 million to $20 million in companies with annual EBITDA between $5 million and $50 million.
The company noted that these preliminary estimates are subject to completion of quarter-end closing procedures and third-party review, with final results to be reported in its upcoming Quarterly Report on Form 10-Q.
According to the press release statement, KPMG LLP has not audited, reviewed, compiled, or performed any procedures regarding the preliminary financial data. For deeper insights into OFS Capital’s financial health and investment potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities with expert analysis and actionable intelligence.
In other recent news, OFS Capital Corp reported its first-quarter earnings for 2025, missing analysts’ expectations. The company announced earnings per share (EPS) of $0.26, falling short of the projected $0.30. Revenue also came in below expectations at $10.3 million, compared to the anticipated $11.32 million. Additionally, OFS Capital maintained its quarterly distribution at $0.34 per share, reflecting a 14.6% annualized yield. In other developments, the company held its 2025 Annual Meeting of Stockholders, where Elaine E. Healy was elected as a Class I Director. KPMG LLP was also ratified as the independent auditor for the fiscal year ending December 31, 2025. Furthermore, OFS Capital announced a partial redemption of its 4.75% Notes due 2026, planning to redeem $25 million of the $125 million outstanding. These recent developments highlight the company’s ongoing strategic decisions amidst economic uncertainties.
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