**Blue Owl Technology Finance Corp. Reports Second Quarter 2025 Financial Results**

Blue Owl Technology Finance Corp. (OTF) reported net investment income after taxes of $160.4 million for the three months ended June 30, 2025, compared to $101.8 million for the same period in 2024. Total investment income for the quarter reached $319.5 million, a significant increase from $174.2 million in the prior year. This growth was primarily driven by a substantial rise in interest income, reflecting the expansion of the company's debt portfolio following its merger with Blue Owl Technology Finance Corp. II. The company's earnings per share, basic and diluted, stood at $0.43 for the quarter, calculated using a weighted average of 465.1 million shares outstanding.

The company's expenses for the quarter totaled $159.0 million, up from $69.9 million in the corresponding period of the previous year. This increase was mainly due to higher interest expenses, management fees, and incentive fees, all linked to the larger portfolio size. The net change in unrealized gains for the quarter was $78.1 million, contrasting with a net unrealized loss of $93.1 million in the prior year. The company also reported a net realized loss of $36.9 million, compared to a net realized loss of $0.6 million for the three months ended June 30, 2024.

For the six months ended June 30, 2025, Blue Owl Technology Finance Corp. reported net investment income after taxes of $257.7 million, compared to $194.4 million for the same period in 2024. Total investment income for the six-month period reached $502.3 million, a substantial increase from $346.4 million in the prior year. The company's earnings per share, basic and diluted, stood at $0.80 for the six-month period, calculated using a weighted average of 350.9 million shares outstanding. The company's expenses for the six-month period totaled $241.1 million, up from $146.3 million in the corresponding period of the previous year. The net change in unrealized gains for the six-month period was $57.6 million, contrasting with a net unrealized loss of $71.1 million in the prior year. The company also reported a net realized loss of $35.7 million, compared to a net realized loss of $24.3 million for the six months ended June 30, 2024.

Key operational developments included the listing of the company's common stock on the New York Stock Exchange (NYSE) under the ticker symbol "OTF" on June 12, 2025. As of June 30, 2025, the company's investment portfolio consisted of $12.7 billion in fair value, spread across 184 portfolio companies. The portfolio was heavily weighted towards first-lien senior secured debt investments, comprising 78.0% of the total portfolio. The company's net asset value (NAV) per share increased to $17.17, compared to $17.09 as of December 31, 2024. The company's net leverage ratio was 0.58x debt-to-equity.

Looking ahead, the company's strategy remains focused on originating and making debt and equity investments in technology-related companies, with a particular emphasis on enterprise software. The company intends to maintain a diversified portfolio and leverage its existing origination capabilities to identify attractive investment opportunities. The company also plans to actively manage its capital structure and may explore additional financing options to optimize its financial flexibility.

About Blue Owl Technology Finance Corp.

Blue Owl Technology Finance Corp. is a Maryland-based investment company specializing in providing debt and equity financing to technology-related companies, primarily in the U.S. The firm focuses on software and enterprise software sectors, offering senior secured, unsecured, subordinated loans, and equity securities. Its business model emphasizes risk-adjusted returns through direct origination, disciplined underwriting, and active portfolio management within the private credit and technology sectors.

This description was generated via AI from an annual report. Updated 9 months ago.

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