Oxford Square Capital Corp

Oxford Square Capital Corp. delivered an in-line second quarter for fiscal 2025, matching the consensus EPS estimate of $0.08 exactly while posting total investment income of $9.52 million, a 19.6% increase year over year. The headline figures, however, masked a more challenging underlying picture: net investment income fell sharply to $5.50 million, or $0.08 per share, compared to $7.72 million, or $0.13 per share, in the year-ago period, as lower interest income from debt investments, which declined to $5.09 million from $7.02 million, weighed heavily on earnings. NAV per share slipped to $2.06 from $2.09 at the end of Q1 2025, pressured by net realized losses of approximately $2.37 million, while the stock's market value fell to $2.23 from $2.61 at the quarter's start, producing a negative total return of 10.49%. The Board maintained its monthly distribution at $0.04 per share through December 2025, signaling steady but cautious capital allocation as the portfolio navigates a period of reduced income generation.