PR Newswire·Feb 18, 2026, 4:20 PM ET

Blue Owl Technology Finance Corp. Announces December 31, 2025 Financial Results

OTF OWL

Blue Owl Technology Finance Corp. (NYSE: OTF) announced fourth quarter 2025 financial results with GAAP net investment income per share of $0.26 & adjusted NII per share of $0.30.
The Board declared a first quarter 2026 regular dividend of $0.35 per share & five special dividends of $0.05 per share payable quarterly through September 2026.
Net asset value per share increased to $17.33 from $17.27 in the prior quarter, driven by unrealized & realized gains in equity investments & accretive share repurchases.
New investment commitments for the fourth quarter totaled $2.3 billion, compared to $1.0 billion in the prior quarter, while sales & repayments were $881 million.
Net debt-to-equity ratio rose to 0.75x from 0.57x as of September 30, 2025.
The Board approved a new $300 million share repurchase program replacing the prior $200 million authorization, having already repurchased approximately $64.6 million of stock at 82% of price-to-book value.
Approximately 47% of pre-listing shareholder positions were released from lock-up, with the remainder scheduled for release in monthly tranches of 10.6% until June 12, 2026.
The portfolio consisted of 199 companies with an aggregate fair value of $14.3 billion, where 76.8% were first-lien senior secured investments.
Investments on non-accrual represented 0.4% of the portfolio at cost & 0.2% at fair value as of December 31, 2025.
The company reported total investment income of $321 million for the quarter, slightly down from $323 million in the prior quarter due to lower base rates.
Total operating expenses increased to $195 million for the quarter, primarily due to higher interest expense from an increased debt balance.
As of December 31, 2025, the company held $283 million in cash & restricted cash with $2.0 billion of undrawn capacity on its credit facilities.