Blue Owl Technology Finance Corp. Announces September 30, 2025 Financial Results

About this update from Blue Owl Capital Inc.

NEW YORK , Nov. 5, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF" or the "Company") today announced financial results for its third quarter ended September 30, 2025. THIRD QUARTER 2025 HIGHLIGHTS "OTF delivered solid performance in the third quarter, reflecting the continued strength of our differentiated technology portfolio," said Craig W. Packer, Chief Executive Officer. "Net asset value increased, continuing last quarter's trend, and credit quality remains excellent, with a non-accrual rate among the lowest in the BDC industry. Looking ahead, OTF is uniquely positioned to expand its earnings power through a variety of market environments, supported by our significant capacity to deploy capital into attractive, risk-adjusted opportunities." Dividend Declarations The Board declared a fourth quarter 2025 regular dividend of $0.35 per share for stockholders of record as of December 31, 2025, payable on or before January 15, 2026. As previously announced, the Board also declared a series of five special dividends of $0.05 per share, payable to stockholders of record quarterly beginning in the third quarter 2025. A full schedule of the record and payment dates can be found on the Company's website at www.blueowltechnologyfinance.com . Amendment to Lock-Up Release Schedule Today, the Board approved an amended lock-up release schedule, effective as of November 13, 2025, that will apply to shares currently subject to transfer restrictions. Under the new schedule, approximately 11% of these shares of the Company's common stock will be released each month, beginning on November 13, 2025 until June 12, 2026. Following this amendment, shares still subject to transfer restrictions will be released in accordance with the following schedule:   PORTFOLIO COMPOSITION As of September 30, 2025, the Company had investments in 185 portfolio companies across 38 industries, with an aggregate portfolio size of $12.9 billion at fair value and an average investment size of $69.6 million at fair value.   PORTFOLIO AND INVESTMENT ACTIVITY For the three months ended September 30, 2025, new investment commitments totaled $1.0 billion across 12 new portfolio companies and 17 existing portfolio companies. For the three months ended June 30, 2025, new investment commitments were $1.5 billion across 9 new portfolio companies and 13 existing portfolio companies. For the three months ended September 30, 2025, the principal amount of new investments funded totaled $745 million and aggregate principal amount of sales and repayments was $848 million. For the three months ended June 30, 2025, the principal amount of new investments funded totaled $1.2 billion and aggregate principal amount of sales and repayments was $756 million. RESULTS OF OPERATIONS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2025 Investment Income Investment income increased to $322.6 million for the three months ended September 30, 2025 from $319.5 million for the three months ended June 30, 2025, primarily due to an increase in interest income as a result of an increase in average leverage. Other income remained relatively consistent period-over-period. The Company expects that investment income will vary based on a variety of factors including the pace of originations and repayments. Expenses Total operating expenses increased to $189.6 million for the three months ended September 30, 2025 from $159.0 million for the three months ended June 30, 2025, primarily due to an increase in management fees and incentive fees resulting following the Company's direct listing. As a percentage of total assets, professional fees, directors' fees and other general and administrative expenses, excluding listing advisory fees, remained relatively consistent period-over-period. Liquidity and Capital Resources As of September 30, 2025, the Company had $397.1 million in cash and restricted cash, $5.0 billion in total principal value of debt outstanding, including $2.8 billion of unsecured notes and $3.1 billion of undrawn capacity (1) on the Company's credit facilities. The funding mix was composed of 45% secured and 55% unsecured borrowings as of September 30, 2025 on an outstanding basis. The Company was in compliance with all financial covenants under its credit facilities as of September 30, 2025. The Company has analyzed cash and cash equivalents, availability under its credit facilities, the ability to rotate out of certain assets and amounts of unfunded commitments that could be drawn and believes its liquidity and capital resources are sufficient to take advantage of market opportunities. CONFERENCE CALL AND WEBCAST INFORMATION Conference Call Information: The conference call will be broadcast live on November 6, 2025 at 11:30 a.m. Eastern Time on the News & Events section of OTF's website at www.blueowltechnologyfinance.com . Please visit the website to test your connection before the webcast. Participants are also invited to access the conference call by dialing one of the following numbers: All callers will need to reference "Blue Owl Technology Finance Corp." once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected. Replay Information: An archived replay will be available for 14 days via a webcast link located on the News & Events section of OTF's website, and via the dial-in numbers listed below: ABOUT BLUE OWL TECHNOLOGY FINANCE CORP. Blue Owl Technology Finance Corp. (NYSE: OTF) is a specialty finance company focused on making debt and equity investments to U.S. technology-related companies, with a strategic focus on software. As of September 30, 2025, OTF had investments in 185 portfolio companies with an aggregate fair value of $12.9 billion. OTF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Blue Owl's Credit platform. Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OTF, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OTF's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in OTF's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OTF makes them. OTF does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law. INVESTOR CONTACTS Investor Contact: BDC Investor Relations Michael Mosticchio [email protected] Media Contact: Prosek Partners Josh Clarkson [email protected]       NON-GAAP FINANCIAL MEASURES On a supplemental basis, the Company is disclosing certain adjusted financial measures, each of which is calculated and presented on a basis of methodology other than in accordance with GAAP ("non-GAAP"). The Company's management utilizes these non-GAAP financial measures to internally analyze and assess financial results and performance. These measures are also considered useful by management as an additional resource for investors to evaluate the Company's ongoing results and trends, as well as its performance, excluding non-cash income and expenses. The presentation of non-GAAP measures is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation. The following table provides a reconciliation of net investment income (the most comparable U.S. GAAP measure) to adjusted net investment income for the periods presented: The following table provides a reconciliation of net increase (decrease) in net assets resulting from operations (the most comparable U.S. GAAP measure, or net income) to adjusted net increase (decrease) in net assets resulting from operations (or adjusted net income) for the periods presented:   View original content: https://www.prnewswire.com/news-releases/blue-owl-technology-finance-corp-announces-september-30-2025-financial-results-302606242.html

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