Tiger Brokers

Barings BDC Q4 net realized losses widen to USD 5.2 million (-4x)

Reuters
Feb 20
Barings BDC Q4 net realized losses widen to USD 5.2 million (-4x)

Barings BDC reported Q4 FY2025 results, posting total investment income of USD 67.97 million and net investment income (NII) of USD 28.03 million, or USD 0.27 per share. Net realized losses were USD 5.20 million (USD 0.05 per share), net unrealized appreciation was USD 2.52 million (USD 0.02 per share), and net increase in net assets from operations was USD 25.24 million (USD 0.24 per share). For FY2025, Barings BDC reported NII of USD 117.84 million (USD 1.12 per share) and a net increase in net assets from operations of USD 101.92 million (USD 0.97 per share). Net asset value $(NAV)$ per share was USD 11.09 at Dec. 31, 2025. The investment portfolio was USD 2.40 billion at fair value, with a weighted average yield on performing debt investments of 9.5%. Total assets were USD 2.64 billion, with debt outstanding (principal) of USD 1.44 billion and a debt-to-equity ratio of 1.24x (net debt-to-equity ratio of 1.15x). The board declared a Q1 2026 cash dividend of USD 0.26 per share (record date March 4, 2026; payment date March 11, 2026). In portfolio activity during Q4, the company made 19 new investments totaling USD 83.20 million and had 14 loans repaid totaling USD 84.60 million. Barings BDC also authorized a new USD 30.00 million share repurchase program beginning March 1, 2026; as of Feb. 19, 2026 it had repurchased 702,054 shares under its prior program at an average price of USD 9.04 per share. Management said NII exceeded the regular dividend for both the quarter and full year, and cited non-accruals of 0.2% of fair value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barings BDC Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260219730125) on February 19, 2026, and is solely responsible for the information contained therein.

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