<span item_type="fundamental" item_id="e91eceddf4fcecdacca9b503b9ff783d" counter_id="ST/US/HRZN" env="prod"></span><span item_type="announcement" item_id="576626783209394689" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 26.32 M, beating the estimate of USD 22.99 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.68, beating the estimate of USD 0.2792.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -2.027 M.</p><p></p><h3>Net Investment Income</h3><ul><li>Net investment income for the third quarter of 2025 was $14.0 million, or $0.32 per basic share, compared to $11.8 million, or $0.32 per basic share, for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Total Investment Portfolio</h3><ul><li>The total investment portfolio was valued at $603.5 million as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Net Asset Value</h3><ul><li>Net asset value was $315.7 million, or $7.12 per share, as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Portfolio Yield</h3><ul><li>The annualized portfolio yield on debt investments was 18.6% for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Cash and Liquidity</h3><ul><li>Cash was $130.9 million, with a credit facility capacity of $329.0 million as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Operating Results</h3><ul><li>Total investment income for the quarter was $26.3 million, up from $24.6 million in the prior-year period, primarily due to higher fee and interest income.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li><li>Total expenses for the quarter were $12.0 million, compared to $12.4 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Net Realized and Unrealized Gains/Losses</h3><ul><li>Net realized loss on investments was $22.5 million, compared to a loss of $33.9 million in the prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li><li>Net unrealized appreciation on investments was $40.5 million, compared to $29.3 million in the prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Liquidity Events</h3><ul><li>Horizon experienced liquidity events from eight portfolio companies during the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Horizon Technology Finance Corporation is moving towards completing its merger with Monroe Capital Corporation, which is expected to better position the company to win larger venture lending transactions and grow its portfolio. The company declared monthly distributions of $0.11 per share payable in January, February, and March 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1487428/000143774925031987/ex_877958.htm"></span></li></ul>

Horizon Tech | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 26.32 M