WhiteHorse Finance, Inc. Announces Second Quarter 2025 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share

NEW YORK, Aug. 7, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (NASDAQ:WHF) today announced its financial results for the second quarter ended June 30, 2025. In addition, the Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ended June 30, 2025. The distribution will be payable on October 3, 2025 to stockholders of record as of September 19, 2025.

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented, "Our second-quarter results continued to reflect portfolio-specific challenges, though we remain confident in the underlying stability of the broader portfolio. While the earnings power of the BDC remains below prior-year levels, we are making steady progress in resolving underperforming investments with the support of our experienced restructuring team. Origination activity remains in line with seasonal norms, though the current environment continues to favor selectivity over volume. We remain focused on credits with strong fundamentals and believe our diversified sourcing capabilities and disciplined underwriting approach position us well to navigate the current environment and support long-term shareholder value."

Summary Information as of June 30, 2025 and March 31, 2025 (unaudited):

Three Months Ended

Three Months Ended

Change

($ in thousands except per share data)

June 30, 2025

March 31, 2025

$

%

Total investment income

$

18,838

$

18,801

37

0.2

Total expenses, including excise tax

12,276

11,958

318

2.7

Net investment income and core net investment income(1)

6,562

6,843

(281)

(4.1)

Net investment income and core net investment income(1) per share

0.282

0.294

(0.012)

(4.1)

Distributions per share

0.385

0.385





Special distributions per share









Net realized gains (losses)

(22,045)

(402)

(21,643)

NM

Net unrealized appreciation (depreciation)

17,733