Barings Participation Investors Reports Preliminary Third Quarter 2025 Results

Core Insights - Barings Participation Investors reported preliminary financial results for Q3 2025, showing a slight decrease in net investment income per share compared to the previous quarter, maintaining a focus on quality investments and conservative capital structures [1][4]. Financial Highlights - Total investment income for Q3 2025 was $4.4 million, with net investment income of $3.4 million, equating to $0.31 per share, down from $0.32 per share in Q2 2025 [4]. - The net increase in net assets resulting from operations was $3.4 million, or $0.32 per share [4]. - Net asset value (NAV) per share as of September 30, 2025, was $15.63, a decrease from $15.68 as of June 30, 2025 [5]. Investment Activity - During Q3 2025, the Trust made 9 new investments totaling $7.6 million and 41 add-on investments in existing portfolio companies totaling approximately $7.2 million [6]. Liquidity and Capitalization - As of September 30, 2025, the Trust had cash and short-term investments of $5.5 million and outstanding borrowings of $22.3 million, with unfunded commitments of $20.3 million [7]. Capital Gains - The Trust realized net capital gains of $300,308, or $0.03 per share, during Q3 2025, compared to $883,063, or $0.08 per share, in Q2 2025 [8].