Barings BDC Inc. reported third quarter 2025 financial results with total investment income of $72.4 million and net investment income of $33.6 million, or $0.32 per share. Net realized losses were $1.3 million, while net unrealized depreciation was $8.8 million. The net increase in net assets resulting from operations was $23.6 million, or $0.22 per share. Net asset value per share decreased to $11.10 from $11.18 at the end of the previous quarter. The company paid regular dividends of $0.26 per share and special dividends of $0.05 per share. During the quarter, Barings BDC deployed nearly $150 million in new and existing portfolio company investments, with a weighted average yield of 9.1%. The company also repaid its 4.25% Series B senior unsecured notes due November 2025. Total assets at quarter-end were $2,821.9 million, and the debt-to-equity ratio was 1.40x.