Private Credit Portfolio Analysis | Blue Owl Credit Income Corp. Reports Q1 2025 Results
- Editor
- May 8
- 2 min read
Whats New:
Blue Owl Credit Income Corp. reported its Q1 2025 financial results, showing significant growth in assets and investments compared to the previous quarter. The fund's total assets increased to $30.38 billion as of March 31, 2025, up from $28.06 billion at the end of 2024. Investments owned at fair value rose to $29.46 billion from $26.38 billion in the same period.
Portfolio Dynamics:
Total assets grew to $30.38 billion as of March 31, 2025, compared to $28.06 billion at the end of 2024.
Investments owned at fair value increased to $29.46 billion, up from $26.38 billion at the end of 2024.
Cash and cash equivalents decreased to $535.81 million from $1.01 billion at the end of 2024.
Investment Activity:
Receivable for investment sold decreased to $104.45 million from $473.05 million at the end of 2024.
Payable for investment purchased increased significantly to $896.06 million from $129.63 million at the end of 2024.
The fund reported $63.87 million in prepaid expenses and other assets, up from $8.97 million at the end of 2024.
Capital Structure:
Long-term debt decreased slightly to $12.62 billion from $12.68 billion at the end of 2024.
Stockholders' equity grew to $16.27 billion from $14.52 billion at the end of 2024.
Additional paid-in capital increased to $16.08 billion from $14.19 billion at the end of 2024.
Performance Profile:
Net income for Q1 2025 was $251.73 million, compared to $272.37 million in Q1 2024.
Retained earnings decreased to $175.42 million from $315.15 million at the end of 2024.
The fund issued additional common stock, with Class S shares increasing to 592,756,104 as of May 8, 2025.
Risk & Quality:
The fund reported unrealized losses on investments of $60.81 million for Q1 2025.
Unrealized losses on derivatives were $65.50 million for Q1 2025.
Foreign currency transaction gains (unrealized) were $7.53 million for Q1 2025.
The Wrap:
Blue Owl Credit Income Corp. demonstrated strong growth in Q1 2025, with significant increases in total assets and investments at fair value. While the fund's long-term debt slightly decreased, stockholders' equity and additional paid-in capital saw substantial growth. However, the fund also reported unrealized losses on investments and derivatives, indicating potential market volatility. The decrease in cash and cash equivalents, coupled with increased payables for investments purchased, suggests an active investment strategy in the quarter.
Comments