NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF" or the "Company") today announced financial results for its fourth quarter and year ended December 31, 2025. FOURTH QUARTER 2025 HIGHLIGHTS Fourth quarter GAAP net investment income ("NII") per share of $0.26 Fourth quarter adjusted NII per share of $0.30(1) Dividends declared for the first quarter were $0.40 per share, representing an annualized dividend yield of 9.2%(2) based on net asset value ("NAV") per share as of December 31, 2025 In connection with the listing, the Board of Directors (the "Board") declared five special dividends of $0.05 per share to be paid quarterly through September 2026 NAV per share increased to $17.33, as compared with $17.27 as of September 30, 2025, driven primarily by unrealized and realized gains in certain equity investments and accretive share repurchases New investment commitments for the fourth quarter were $2.3 billion and sales and repayments were $881 million, as compared with $1.0 billion of new investment commitments and $848 million of sales and repayments for the three months ended September 30, 2025 Net debt-to-equity ended at 0.75x, as compared with 0.57x as of September 30, 2025 Investments on non-accrual represented 0.4% and 0.2% of the portfolio at cost and fair value, respectively, as compared with 0.2% and less than 0.1% as of September 30, 2025 OTF repurchased approximately $64.6 million of OTF common stock at 82% of price-to-book value The Board approved a new $300 million share repurchase program, replacing the prior $200 million authorization Approximately 47% of each pre-listing shareholder's position has been released from lock-up, with the remainder scheduled to be released in equal tranches of approximately 10.6% each month until June 12, 2026 "OTF delivered another strong quarter, marked by NAV growth and steady progress towards our target leverage," said Craig W.
