Barings BDC, Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Signatures
Pursuant to the requirements of Section 13 or 15(d) the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: February 19, 2026
| BARINGS BDC, INC. | |
| By: | /s/ Thomas Q. McDonnell |
| Name: Thomas Q. McDonnell | |
| Title: Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signature | Title | Date |
|---|---|---|
| /s/ Thomas Q. McDonnell | Chief Executive Officer(Principal Executive Officer) | February 19, 2026 |
| Thomas Q. McDonnell | ||
| /s/ Elizabeth A. Murray | Chief Financial Officer andChief Operating Officer(Principal Financial Officer) | February 19, 2026 |
| Elizabeth A. Murray | ||
| /s/ Rosa J. Epperson | Chief Accounting Officer(Principal Accounting Officer) | February 19, 2026 |
| Rosa J. Epperson | ||
| /s/ Eric Lloyd | Executive Chairman of the Board | February 19, 2026 |
| Eric Lloyd | ||
| /s/ Valerie Lancaster-Beal | Director | February 19, 2026 |
| Valerie Lancaster-Beal | ||
| /s/ Steve Byers | Director | February 19, 2026 |
| Steve Byers | ||
| /s/ Robert C. Knapp | Director | February 19, 2026 |
| Robert C. Knapp | ||
| /s/ David Mihalick | Director | February 19, 2026 |
| David Mihalick | ||
| /s/ Mark F. Mulhern | Director | February 19, 2026 |
| Mark F. Mulhern | ||
| /s/ Thomas W. Okel | Director | February 19, 2026 |
| Thomas W. Okel | ||
| /s/ Jill Olmstead | Director | February 19, 2026 |
| Jill Olmstead | ||
| /s/ John A. Switzer | Director | February 19, 2026 |
| John A. Switzer | ||
Index to Financial Statements and Financial Statement Schedules
| Page | |
| Report of Independent Registered Public Accounting Firm (KPMG LLP, New York, New York, PCAOB ID: 185) | F-1 |
|---|---|
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | F-4 |
| Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023 | F-5 |
| Consolidated Statements of Changes in Net Assets for the years ended December 31, 2025, 2024 and 2023 | F-7 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023 | F-8 |
| Consolidated Schedule of Investments as of December 31, 2025 | F-9 |
| Consolidated Schedule of Investments as of December 31, 2024 | F-36 |
| Notes to Consolidated Financial Statements | F-62 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.