AFCG · Advanced Flower Capital Inc.

Summary

Advanced Flower Capital Inc. announced Q4 and full year 2025 financial results, reporting GAAP net income of $0.9 million ($0.04 per share) for Q4 and net loss of $20.7 million ($0.95 per share) for the year, alongside Distributable Earnings of $(2.8) million ($(0.12) per share) for Q4 and $8.7 million ($0.39 per share) for the year. The company declared a $0.05 per share dividend for Q1 2026 and completed its conversion to a BDC on January 1, 2026.

Key takeaways

• Q4 2025 GAAP net income $914,046 or $0.04 per basic share
• Full year 2025 GAAP net loss $20,673,426 or $(0.95) per basic share
• Q4 Distributable Earnings $(2,813,741) or $(0.12) per basic share
• Full year Distributable Earnings $8,654,293 or $0.39 per basic share
• Q1 2026 dividend $0.05 per share, record date March 31, 2026, payable April 15, 2026
• BDC conversion completed January 1, 2026 from REIT structure
• Total assets $275.6 million as of December 31, 2025 down from $402.1 million in 2024