Oxford Square Capital (OXSQ) investor relations material

Executive summary

• Net asset value per share was $1.29 as of June 30, 2026, down from $1.32 in the prior quarter and $2.06 a year ago, reflecting realized and unrealized losses and distributions.

• Net investment income for Q2 2026 was $5.1 million ($0.05 per share), up from $4.1 million in the previous quarter, but down from $5.5 million in the prior-year period.

• Total investment income for Q2 2026 was $9.4 million, nearly flat year-over-year and up from $8.9 million in the prior quarter.

• Total fair value of investments was $252.8 million at quarter-end, with 70 portfolio investments.

• Cash and cash equivalents decreased to $34.6 million from $51.9 million at year-end, primarily due to investment purchases and distributions.

Financial highlights

• Net realized losses on investments were $5.2 million for Q2, a significant improvement from $29.7 million in the prior quarter.

• Net change in unrealized appreciation was $4.1 million for Q2.

• Distributions paid were $0.105 per share for Q2 and $0.21 per share for the first half.

• Debt to equity ratio improved to 1.15x from 1.26x sequentially.

• Interest income for the quarter was $5.4 million.

Outlook and guidance

• Board declared monthly distributions of $0.035 per share for October, November, and December 2026.

• Management expects continued focus on corporate debt and CLO investments, with portfolio diversification and risk-adjusted returns as priorities.