Barings BDC reports Q1 EPS NII 25c, consensus 28c

Reports net asset value per share as of both March 31, 2025 and December 31, 2024 was $11.29. The company said, “We delivered solid portfolio performance in the first quarter, with stable NAV after higher repayments in the prior sequential quarter. BBDC has preserved strong credit quality with total non-accruals coming in at 0.6% of our portfolio on a fair value basis, outpacing industry averages. Subsequent to quarter end, we advanced our goal of rotating into income producing assets by terminating our MVC CSA with Barings in exchange for a payment of $23 million which we intend to deploy into attractive investment opportunities. The willingness of our manager, Barings, to pay this amount in full earlier than required, serves as yet another demonstration of unparalleled alignment. BBDC has over $420 million of investable dry powder and the power of the broader Barings platform providing scale and enabling global insights to drive future portfolio performance. Looking ahead, we believe our team is equipped to navigate the full gamut of economic scenarios we may face, selectively actioning our global pipeline as the operating landscape evolves.”