Barings Participation Investors (MPV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'17 | Q2'17 | Q4'16 | Q2'16 | Q4'15 | Q2'15 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 6.17M | 8.91M | 11.09M | 9.98M | 10.28M | 9.84M | 7.92M | 6.13M | 6.76M | 5.54M | 6.97M | 6.23M | 6.3M | 6.98M | 6.81M | 7.27M | 6.7M | 6.11M | 5.88M | 6.59M |
| Gross Margin % | 75.34% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | -44.35% | -10.76% | 7.86% | 1.45% | 29.76% | 60.37% | 17.23% | 10.68% | -3.03% | -11.04% | 10.64% | -10.8% | - | - | 1.6% | 19.03% | 13.94% | -7.23% | -14.54% | 2.27% |
| Operating Expenses | 72.21K | 1.31M | 1.35M | 1.26M | 1.32M | 1.23M | 1.26M | 1.09M | 1.17M | 1.07M | 842.86K | 1.11M | 1.02M | 1.07M | 1.14M | 995.41K | 860.65K | 1.01M | 1.14M | 949.33K |
| OpEx % of Revenue | 0.88% | 14.71% | 12.21% | 12.66% | 12.81% | 12.54% | 15.95% | 17.84% | 17.37% | 19.25% | 12.1% | 17.85% | 16.18% | 15.38% | 16.66% | 13.69% | 12.84% | 16.61% | 19.44% | 14.41% |
| Selling, General & Admin | -1.31M | 1.31M | 1.35M | 1.26M | 1.32M | 1.23M | 1.26M | 1.09M | 1.17M | 1.07M | 842.86K | 1.11M | 1.02M | 1.07M | 1.14M | 995.41K | 860.65K | 1.01M | 1.14M | 949.33K |
| SG&A % of Revenue | -16% | 14.71% | 12.21% | 12.66% | 12.81% | 12.54% | 15.95% | 17.84% | 17.37% | 19.25% | 12.1% | 17.85% | 16.18% | 15.38% | 16.66% | 13.69% | 12.84% | 16.61% | 19.44% | 14.41% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 7.78M | 7.6M | 9.73M | 8.72M | 8.96M | 8.6M | 6.66M | 5.04M | 5.58M | 4.47M | 6.13M | 5.12M | 5.28M | 5.91M | 5.68M | 6.28M | 5.84M | 5.09M | 4.74M | 5.64M |
| Operating Margin % | 94.98% | 85.29% | 87.79% | 87.33% | 87.18% | 87.47% | 84.06% | 82.16% | 82.64% | 80.75% | 87.92% | 82.15% | 83.82% | 84.62% | 83.34% | 86.32% | 87.17% | 83.37% | 80.56% | 85.59% |
| Operating Income Growth % | -20.07% | -12.85% | 8.62% | 1.3% | 34.57% | 70.71% | 19.23% | 12.63% | -8.85% | -12.56% | 16.04% | -13.4% | - | - | -2.87% | 23.24% | 23.29% | -9.63% | -21.46% | 7.37% |
| EBITDA | 15.38M | 0 | 0 | 0 | 10.41M | 9.41M | 0 | 0 | 0 | 12.69M | 0 | 0 | 0 | 10.46M | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA Margin % | 187.74% | - | - | - | 101.26% | 95.67% | - | - | - | 229.03% | - | - | - | 149.71% | - | - | - | - | - | - |
| EBITDA Growth % | - | - | -100% | -100% | - | - | - | -100% | - | - | - | -100% | - | - | - | - | - | - | - | - |
| D&A (Non-Cash Add-back) | 7.6M | -7.6M | -9.73M | -8.72M | 0 | 0 | -6.66M | -5.04M | -5.58M | 0 | -6.13M | -5.12M | -5.28M | 0 | -5.68M | -6.28M | -5.84M | -5.09M | -4.74M | -5.64M |
| EBIT | 8.28M | 7.6M | 9.73M | 8.72M | 10.41M | 8.6M | 6.66M | 5.04M | 5.58M | 4.47M | 6.13M | 5.12M | 5.28M | 5.91M | 5.68M | 6.28M | 5.84M | 5.09M | 4.74M | 5.64M |
| Net Interest Income | 13.8M | -847.48K | -719K | 0 | -636K | -610K | -564K | -449K | -316K | -307K | -307K | -307K | -307K | -307K | -307K | -307K | -307K | -307K | -307K | -307K |
| Interest Income | 12.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -847.48K | 847.48K | 719K | 0 | 635.8K | 609.82K | 563.55K | 448.6K | 316.11K | 306.75K | 306.75K | 306.75K | 306.75K | 306.75K | 307K | 307K | 307K | 307K | 307K | 307K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 7.34M | 6.24M | 9.47M | 8.2M | 9.74M | 8.84M | 7.08M | 260.18K | 13.25M | 12.38M | 12.75M | -6.4M | 7.75M | 10.06M | 7.9M | 11.24M | 5.19M | 6.45M | 419.81K | 8.14M |
| Pretax Margin % | 89.6% | 70.09% | 85.47% | 82.14% | 94.76% | 89.87% | 89.36% | 4.24% | 196.03% | 223.48% | 182.99% | -102.76% | 122.99% | 144.1% | 115.94% | 154.54% | 77.45% | 105.58% | 7.13% | 123.53% |
| Income Tax | 350.7K | 200 | 425K | 0 | 450.94K | 9.57K | 325K | 52.85K | 247.15K | 0 | 0 | 0 | 0 | 85.28K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 4.78% | 0% | 4.49% | 0% | 4.63% | 0.11% | 4.59% | 20.31% | 1.87% | 0% | 0% | 0% | 0% | 0.85% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 6.99M | 6.24M | 9.05M | 8.2M | 9.29M | 8.83M | 6.75M | 207.33K | 13M | 12.38M | 12.75M | -6.4M | 7.75M | 10.06M | 7.9M | 11.24M | 5.19M | 6.45M | 419.81K | 8.14M |
| Net Margin % | 85.29% | 70.08% | 81.63% | 82.14% | 90.37% | 89.77% | 85.25% | 3.38% | 192.38% | 223.48% | 182.99% | -102.76% | 122.99% | 144.1% | 115.94% | 154.54% | 77.45% | 105.58% | 7.13% | 123.53% |
| Net Income Growth % | -22.82% | -23.86% | -2.56% | -7.17% | 37.54% | 4159.43% | -48.05% | -98.33% | 1.94% | 293.46% | 64.61% | -163.61% | - | - | 52.1% | 74.24% | 1136.75% | -20.71% | -92.81% | -23.69% |
| Net Income (Continuing) | 6.99M | 6.24M | 9.05M | 8.2M | 9.29M | 8.83M | 6.75M | 207.33K | 13M | 12.38M | 12.75M | -6.4M | 7.75M | 10.06M | 7.9M | 11.24M | 5.19M | 6.45M | 419.81K | 8.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.65 | 0.58 | 0.85 | 0.77 | 0.88 | 0.83 | 0.64 | 0.02 | 1.23 | 1.17 | 1.20 | -0.60 | 0.73 | 0.95 | 0.75 | 1.08 | 0.50 | 0.62 | 0.04 | 0.79 |
| EPS Growth % | -23.53% | -24.68% | -3.41% | -7.23% | 37.5% | 4134.69% | -47.97% | -98.32% | 2.5% | 295% | 64.38% | -163.16% | - | - | 50% | 74.19% | 1131.53% | -21.52% | -92.88% | -24.04% |
| EPS (Basic) | 0.65 | 0.58 | 0.85 | 0.77 | 0.88 | 0.83 | 0.64 | 0.02 | 1.23 | 1.17 | 1.20 | -0.60 | 0.73 | 0.95 | 0.75 | 1.08 | 0.50 | 0.62 | 0.04 | 0.79 |
| Diluted Shares Outstanding | 10.75M | 10.72M | 10.72M | 10.64M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.62M | 10.56M | 10.51M | 10.41M | 10.42M | 10.36M | 10.34M | 10.31M |
| Basic Shares Outstanding | 10.73M | 10.72M | 10.72M | 10.64M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.6M | 10.62M | 10.56M | 10.51M | 10.41M | 10.42M | 10.36M | 10.34M | 10.31M |
| Dividend Payout Ratio | - | 143.87% | 87.09% | 91.9% | 75.33% | 62.43% | 65.94% | 2045.55% | 32.63% | 34.24% | 33.26% | - | 73.65% | 56.53% | 71.33% | 49.99% | 107.78% | 86.51% | 1326.79% | 68.41% |