Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Interest income:
Interest on cash and cash equivalents	$ 1,507	$ 1,156	$ 4,293	$ 5,014
Total interest income	69,390	85,953	218,335	262,623
PIK interest income	5,070	6,149	15,329	14,814
Fee income	286	1,460	3,707	5,313
Dividend income	525	1,404	2,115	4,230
Total investment income	75,271	94,966	239,486	286,980
Expenses:
Base management fee	7,195	11,781	22,854	34,862
Part I incentive fee	5,767	8,341	20,413	25,821
Professional fees	1,388	1,091	3,682	3,808
Directors fees	160	160	480	480
Interest expense	31,061	32,513	89,814	96,564
Administrator expense	525	391	1,350	1,083
General and administrative expenses	997	824	2,860	1,941
Total expenses	47,093	55,101	141,453	164,559
Management fees waived	0	(1,500)	(933)	(4,500)
Part I incentive fees waived	(5,359)	(3,210)	(18,469)	(3,210)
Net expenses	41,734	50,391	122,051	156,849
Net investment income before taxes	33,537	44,575	117,435	130,131
(Provision) benefit for taxes on net investment income	(56)	0	(597)	0
Net investment income	33,481	44,575	116,838	130,131
Unrealized appreciation (depreciation):
Foreign currency forward contracts	1,937	1,106	(2,289)	(4,474)
Net unrealized appreciation (depreciation)	18,572	26,199	(83,065)	(24,078)
Realized gains (losses):
Foreign currency forward contracts	(15,282)	(289)	(7,342)	2,642
Net realized gains (losses)	(13,432)	(69,452)	(24,037)	(84,508)
(Provision) benefit for taxes on realized and unrealized gains (losses)	(269)	(202)	(394)	(553)
Net realized and unrealized gains (losses), net of taxes	4,871	(43,455)	(107,496)	(109,139)
Net increase (decrease) in net assets resulting from operations	$ 38,352	$ 1,120	$ 9,342	$ 20,992
Net investment income per common share - diluted (in dollars per share)	$ 0.38	$ 0.54	$ 1.37	$ 1.63
Net investment income per common share - basic (in dollars per share)	0.38	0.54	1.37	1.63
Earnings (loss) per common share - basic (in dollars per share)	0.44	0.01	0.11	0.26
Earnings (loss) per common share - diluted (in dollars per share)	$ 0.44	$ 0.01	$ 0.11	$ 0.26
Weighted average common shares outstanding - basic (in shares)	88,086	81,830	85,402	79,804
Weighted average common shares outstanding - diluted (in shares)	88,086	81,830	85,402	79,804
Control investments
Interest income:
Interest income	$ 5,165	$ 5,924	$ 15,275	$ 17,878
PIK interest income	0	677	830	1,819
Fee income	0	13	0	39
Dividend income	525	1,400	1,925	4,200
Unrealized appreciation (depreciation):
Net unrealized appreciation (depreciation)	(2,024)	(17,580)	(62,940)	(22,434)
Realized gains (losses):
Realized gain (loss)	0	0	13	786
Affiliate investments
Interest income:
Interest income	277	192	602	526
PIK interest income	28	11	83	11
Fee income	0	0	0	5
Unrealized appreciation (depreciation):
Net unrealized appreciation (depreciation)	(246)	(324)	(568)	(1,156)
Realized gains (losses):
Realized gain (loss)	145	0	190	0
Non-control/Non-affiliate investments
Interest income:
Interest income	62,441	78,681	198,165	239,205
PIK interest income	5,042	5,461	14,416	12,984
Fee income	286	1,447	3,707	5,269
Dividend income	0	4	190	30
Unrealized appreciation (depreciation):
Net unrealized appreciation (depreciation)	18,905	42,997	(17,268)	3,986
Realized gains (losses):
Realized gain (loss)	$ 1,705	$ (69,163)	$ (16,898)	$ (87,936)

Oaktree Specialty Lending Corp 10-Q