Private Credit Portfolio Analysis | Oxford Square Capital Reports Q1 2025 Results
- Editor
- Apr 30
- 2 min read
Whats New:
Oxford Square Capital Corp. reported its Q1 2025 financial results, showing a decrease in total assets and net asset value per share compared to the previous quarter. The fund's total assets decreased to $285.49 million as of March 31, 2025, down from $299.73 million at the end of 2024. Net asset value per share declined to $2.09 from $2.30 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $285.49 million as of March 31, 2025, compared to $299.73 million at the end of 2024.
Cash and cash equivalents increased to $37.25 million from $34.93 million at the end of 2024.
Securities borrowed increased to $1.59 million from zero at the end of 2024.
Investment Activity:
Interest receivable decreased to $2.43 million from $2.72 million at the end of 2024.
Other assets decreased to $1.04 million from $1.23 million at the end of 2024.
Securities loaned decreased to $9.52 million from $12.03 million at the end of 2024.
Capital Structure:
Total liabilities decreased to $136.61 million from $139.07 million at the end of 2024.
Common stock value increased to $711,872 from $697,590 at the end of 2024.
Additional paid-in capital increased to $491.62 million from $487.94 million at the end of 2024.
Performance Profile:
Net asset value per share decreased to $2.09 as of March 31, 2025, compared to $2.30 at the end of 2024.
Net investment income for Q1 2025 was $6.10 million, down from $6.54 million in Q1 2024.
The fund reported a net loss of $8.12 million for Q1 2025, compared to a net loss of $1.77 million in Q1 2024.
Risk & Quality:
Realized investment losses increased to $12.16 million in Q1 2025 from $8.09 million in Q1 2024.
Unrealized losses on investments were $2.07 million in Q1 2025, compared to $211,006 in Q1 2024.
Base fee and net investment income incentive fee payable decreased to $1.06 million from $1.22 million at the end of 2024.
The Wrap:
Oxford Square Capital Corp. experienced a challenging first quarter in 2025, with decreases in total assets, net asset value per share, and net investment income. The fund saw increased realized and unrealized losses on investments, contributing to a larger net loss compared to the same period in the previous year. Despite these challenges, the fund maintained a stable capital structure and increased its cash position.
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