The earnings call presented a mix of positive and negative developments. Key positives included increased net investment income, successful merger completion, and a healthy capital market environment. However, these were counterbalanced by a decrease in net asset value, contraction of the portfolio, and continued nonaccrual investments, resulting in a balanced sentiment.

Company Guidance

During the second quarter of 2025, Portman Ridge Finance Corporation reported a net investment income of $4.6 million or $0.50 per share, an increase from $4.3 million or $0.47 per share in the previous quarter. The company completed a merger with Logan Ridge Finance Corporation, enhancing its scale and diversification, with Logan Ridge contributing a net investment income of $1.2 million or $0.47 per share, up from $0.9 million or $0.35 per share in Q1 2025. Portman Ridge maintained a high-quality portfolio, with 86.9% of its debt securities portfolio based on floating rates linked to interest rate indices like SOFR, despite a slight decline in these rates affecting net investment income. The company realized originations of $10.9 million and repayments and sales of $17.0 million, resulting in net repayments and sales of $6.1 million. The overall yield on new investments was 11.5%, slightly above the portfolio's yield of 10.7%. The investment portfolio remained highly diversified across 69 portfolio companies and 25 industries, with an average par balance of $2.6 million. Nonaccrual investments at the end of Q2 2025 represented 2.1% and 4.8% of the investment portfolio at fair value and cost, respectively. The Board approved a base distribution of $0.47 per share and a supplemental cash distribution of $0.02 per share. The company is rebranding to BCP Investment Corporation, with a NASDAQ ticker change to BCIC anticipated in the coming weeks. The company ended the quarter with a net asset value of $164.7 million or $17.89 per share, a decrease from the previous quarter, primarily due to realized and unrealized losses. The gross and net leverage ratios stood at 1.6x and 1.4x, respectively, with $255.4 million in borrowings at a weighted average interest rate of 6%.

Increased Net Investment Income

Net investment income for the second quarter of 2025 was $4.6 million or $0.50 per share, up from $4.3 million or $0.47 per share in the first quarter of 2025.

Successful Merger with Logan Ridge Finance Corporation

The completion of the merger with Logan Ridge Finance Corporation marks a transformational milestone, providing greater scale, broader portfolio diversification, and enhanced financial flexibility.

Strong Performance and Credit Strength

Logan Ridge delivered strong results for the second quarter with net investment income of $1.2 million or $0.47 per share, up from $0.9 million or $0.35 per share in the first quarter of 2025, driven by $3.8 million net deployment activity and no new investments on nonaccrual.

Healthy Capital Markets

Increased deal volume and a healthy mix of new LBO sale processes and refinancings, pointing to a robust capital market environment.

Introduction of Sustainable Dividend Policy

The Board approved a base distribution of $0.47 per share and a supplemental cash distribution of $0.02 per share, with a stable base distribution anticipated to be sustainable across market cycles.

Portman Ridge Finance (PTMN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PTMN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.51 / -	0.63	―	―	―
Aug 07, 2025	2025 (Q2)	0.53 / 0.50	0.7	-28.57% (-0.20)
May 08, 2025	2025 (Q1)	0.60 / 0.47	0.67	-29.85% (-0.20)
Mar 13, 2025	2024 (Q4)	0.65 / 0.60	1.19	-49.58% (-0.59)
Nov 07, 2024	2024 (Q3)	0.68 / 0.63	0.75	-16.00% (-0.12)	―	―
Aug 08, 2024	2024 (Q2)	0.68 / 0.70	0.83	-15.66% (-0.13)
May 08, 2024	2024 (Q1)	0.72 / 0.67	0.89	-24.72% (-0.22)
Mar 13, 2024	2023 (Q4)	0.79 / 1.19	0.74	60.81% (+0.45)
Nov 08, 2023	2023 (Q3)	0.78 / 0.75	0.87	-13.79% (-0.12)
Aug 09, 2023	2023 (Q2)	0.78 / 0.83	0.57	45.61% (+0.26)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PTMN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$11.78	$11.86	+0.68%
May 08, 2025	$11.43	$11.22	-1.84%
Mar 13, 2025	$14.68	$14.10	-3.95%
Nov 07, 2024	$15.85	$15.37	-3.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Portman Ridge Finance (PTMN) report earnings?

Portman Ridge Finance (PTMN) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Portman Ridge Finance (PTMN) earnings time?

Portman Ridge Finance (PTMN) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PTMN EPS forecast?

PTMN EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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