Oaktree Specialty Lending reports Q4 adjusted NII 40c, consensus 39c

Net asset value per share was $16.64 as of September 30, 2025, down as compared with $16.76 and $18.09 as of June 30, 2025 and September 30, 2024, respectively. The decrease from June 30, 2025 and September 30, 2024 primarily reflected unrealized depreciation on certain debt and equity investments. “Our fourth quarter results demonstrate progress in stabilizing the investment portfolio despite an uneven market environment, and we fully covered our quarterly dividend with net investment income,” said Armen Panossian, Chief Executive Officer and Chief Investment Officer of Oaktree Specialty Lending (OCSL). “In light of the uncertain outlook, we remain disciplined in our underwriting and selective in deploying capital.”