WhiteHorse Finance Reports Q1 2025 Earnings and Distribution

WhiteHorse Finance ( (WHF) ) has released its Q1 earnings. Here is a breakdown of the information WhiteHorse Finance presented to its investors.

WhiteHorse Finance, Inc. is a business development company that specializes in originating and investing in loans to privately held, lower middle-market companies across various industries. Managed by H.I.G. WhiteHorse Advisers, LLC, the company is part of the broader H.I.G. Capital network, a leading global alternative asset manager.

In its first-quarter earnings report for 2025, WhiteHorse Finance announced a distribution of $0.385 per share, maintaining its consistent payout record. The company reported total investment income of $18.8 million, a decrease from the previous quarter, reflecting ongoing challenges within specific investments.

Key financial metrics revealed a decline in net investment income to $6.8 million, down 14.2% from the previous quarter. Despite this, the company saw a net increase in assets resulting from operations, highlighting some resilience in its broader portfolio. The fair value of the investment portfolio grew slightly to $651.0 million, with significant activity in new investments and asset transfers.

WhiteHorse Finance continues to focus on solid credit fundamentals and has expanded its origination capabilities to a new region. The company remains active in the non-sponsor market, although it notes a reduction in high-quality opportunities compared to the previous year.

Looking ahead, WhiteHorse Finance is poised to navigate the current market environment by leveraging its restructuring expertise and maintaining a focus on long-term value creation for shareholders.