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Advanced Flower Capital Inc. Announces Financial Results for the Fourth Quarter and Full Year 2025

AFCG
  • Advanced Flower Capital Inc. reported fourth quarter 2025 GAAP net income of $0.9 million ($0.04 per share) but Distributable Earnings of $(2.8) million ($(0.12) per share).
  • For the full year 2025, the company reported a GAAP net loss of $(20.7) million ($(0.95) per share) while Distributable Earnings totaled $8.7 million ($0.39 per share).
  • The Board declared a regular cash dividend of $0.05 per common share for Q1 2026, payable on April 15, 2026, to shareholders of record as of March 31, 2026.
  • CEO Dan Neville stated the company focused on disciplined portfolio management & completing its BDC conversion to unlock value from underperforming loans.
  • AFC filed its Annual Report on Form 10-K for the year ended December 31, 2025, with the SEC on March 4, 2026.
  • A conference call to discuss the quarterly & annual financial results was hosted at 10:00 am ET on March 4, 2026.
  • Financial results included $31.3 million in interest income for the full year, $6.8 million in stock-based compensation, & a provision for current expected credit losses of $(22.6) million.
  • Distributable Earnings excludes stock-based compensation, depreciation, unrealized gains/losses, & credit loss provisions to better reflect cash-flowing operations.
  • The company targets lower middle-market companies with annual EBITDA of $5 to $50 million, primarily originating direct senior debt investments.