Barings BDC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	17.82	16.89	13.4	14.92	13.02	4.08
Other Revenue	264.05	269.28	275.8	204.21	122.32	66.95
Revenue	281.87	286.17	289.2	219.13	135.34	71.03
Revenue Growth (YoY)	-3.27%	-1.05%	31.98%	61.92%	90.53%	-6.10%
Gross Profit	281.87	286.17	289.2	219.13	135.34	71.03
Selling, General & Admin	73.15	65.99	74.68	46	43.35	20.16
Operating Expenses	73.15	65.99	74.68	46	43.35	20.16
Operating Income	208.72	220.18	214.52	173.13	91.98	50.87
Interest Expense	-84.98	-85.52	-84.71	-56.87	-33.01	-19.81
Currency Exchange Gain (Loss)	-7.95	26.05	-12.7	31.74	11.25	-10.15
Other Non Operating Income (Expenses)	24.6	5.65	4.71	-6.71	1.8	-
EBT Excluding Unusual Items	140.39	166.36	121.82	141.3	72.02	20.91
Gain (Loss) on Sale of Investments	-34.46	-52.6	7.86	-135.21	5.68	-9.59
Other Unusual Items	-	-	-	-	-	-3.09
Pretax Income	105.93	113.76	129.69	6.09	77.69	8.23
Income Tax Expense	4.41	3.47	1.69	1.41	0.01	0.05
Net Income	101.51	110.29	128	4.68	77.69	8.18
Net Income to Common	101.51	110.29	128	4.68	77.69	8.18
Net Income Growth	-12.01%	-13.84%	2634.44%	-93.97%	850.04%	-85.95%
Shares Outstanding (Basic)	105	106	107	103	65	49
Shares Outstanding (Diluted)	105	106	107	103	65	49
Shares Change (YoY)	-0.64%	-1.17%	4.01%	57.56%	34.46%	-3.21%
EPS (Basic)	0.96	1.04	1.20	0.05	1.19	0.17
EPS (Diluted)	0.96	1.04	1.20	0.05	1.19	0.17
EPS Growth	-11.44%	-12.82%	2528.99%	-96.18%	606.54%	-85.48%
Free Cash Flow	-89.14	122.16	76.94	86.27	-396.55	-218.13
Free Cash Flow Per Share	-0.85	1.16	0.72	0.84	-6.07	-4.49
Dividend Per Share	1.040	1.040	1.020	0.950	0.820	0.650
Dividend Growth	-	1.96%	7.37%	15.85%	26.15%	20.37%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	74.05%	76.94%	74.18%	79.01%	67.97%	71.62%
Profit Margin	36.02%	38.54%	44.26%	2.14%	57.40%	11.51%
Free Cash Flow Margin	-31.63%	42.69%	26.61%	39.37%	-293.02%	-307.09%
EBIT	208.72	220.18	214.52	173.13	91.98	50.87
EBIT Margin	74.05%	76.94%	74.18%	79.01%	67.97%	71.62%
Effective Tax Rate	4.17%	3.05%	1.30%	23.10%	0.01%	0.63%
Revenue as Reported	281.87	286.17	289.2	219.13	135.34	71.03

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q