Brookfield Asset Management Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 1.2B | 1.1B | 1.2B | 1.1B | 120.0M |
| Operating Revenue | 1.1B | 1.0B | 973.0M | 974.0M | 120.0M |
| Cost Of Revenue | 331.0M | 379.0M | 404.0M | 259.0M | 96.0M |
| Gross Profit | 905.0M | 761.0M | 749.0M | 820.0M | 24.0M |
| Selling General And Administration | 9.0M | 23.0M | 18.0M | 6.0M | -- |
| General And Administrative Expense | 9.0M | 23.0M | 18.0M | 6.0M | -- |
| Other Operating Expenses | -51.0M | -25.0M | 145.0M | 76.0M | 2.0M |
| Operating Expense | -42.0M | -2.0M | 163.0M | 82.0M | 2.0M |
| Operating Income | 947.0M | 763.0M | 586.0M | 738.0M | 22.0M |
| EBIT | 966.0M | 822.0M | 713.0M | 741.0M | 214.0M |
| Interest Expense | 52.0M | 52.0M | 54.0M | 159.0M | 28.0M |
| Interest Expense Non Operating | 52.0M | 52.0M | 54.0M | 159.0M | 28.0M |
| Interest Income | -- | 46.0M | 1.0M | -- | -- |
| Interest Income Non Operating | -- | 46.0M | 1.0M | -- | -- |
| Net Interest Income | -43.0M | -6.0M | -53.0M | -159.0M | -28.0M |
| Other Income Expense | 10.0M | 13.0M | 126.0M | 3.0M | 192.0M |
| Other Non Operating Income Expenses | -43.0M | -97.0M | -55.0M | -55.0M | -- |
| Earnings From Equity Interest | 53.0M | 110.0M | 181.0M | 58.0M | 192.0M |
| Pretax Income | 914.0M | 770.0M | 659.0M | 582.0M | 186.0M |
| Tax Provision | 299.0M | 78.0M | 75.0M | 75.0M | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| Net Income From Continuing Operation Net Minority Interest | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| Net Income Including Noncontrolling Interests | 615.0M | 692.0M | 584.0M | 507.0M | 186.0M |
| Minority Interests | -55.0M | 32.0M | 36.0M | 74.0M | -- |
| Net Income Common Stockholders | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| Net Income | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| EBITDA | 976.0M | 838.0M | 724.0M | 744.0M | 214.0M |
| Normalized EBITDA | 976.0M | 838.0M | 724.0M | 744.0M | 214.0M |
| Reconciled Depreciation | 10.0M | 16.0M | 11.0M | 3.0M | -- |
| Basic EPS | 0.35 | 0.45 | 0.38 | 0.36 | 0.42 |
| Diluted EPS | 0.34 | 0.45 | 0.38 | 0.36 | 0.42 |
| Basic Average Shares | 1.6B | 1.6B | 1.6B | 1.6B | 420.2M |
| Diluted Average Shares | 1.6B | 1.6B | 1.6B | 1.6B | 420.2M |
| Tax Rate For Calcs | 0.33 | 0.10 | 0.11 | 0.13 | 0.15 |
| Normalized Income | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| Diluted NI Availto Com Stockholders | 560.0M | 724.0M | 620.0M | 581.0M | 186.0M |
| Net Income Continuous Operations | 615.0M | 692.0M | 584.0M | 507.0M | 186.0M |
| Net Non Operating Interest Income Expense | -43.0M | -6.0M | -53.0M | -159.0M | -28.0M |
| Other Gand A | 9.0M | 23.0M | 18.0M | 6.0M | -- |
| Reconciled Cost Of Revenue | 331.0M | 379.0M | 404.0M | 259.0M | 96.0M |
| Total Expenses | 289.0M | 377.0M | 567.0M | 341.0M | 98.0M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 1.6B | 1.1B | 480.0M | 332.0M | 404.0M |
| Cash Cash Equivalents And Short Term Investments | 1.6B | 1.1B | 480.0M | 332.0M | 404.0M |
| Cash Equivalents | 1.2B | -- | -- | -- | 172.0M |
| Cash Financial | 402.0M | -- | -- | -- | 232.0M |
| Accounts Receivable | 106.0M | 373.0M | 389.0M | 507.0M | 225.0M |
| Receivables | 5.2B | 5.5B | 5.5B | 5.5B | 4.3B |
| Prepaid Assets | 128.0M | -- | -- | -- | 175.0M |
| Current Assets | 6.9B | 6.5B | 6.0B | 5.8B | 4.9B |
| Gross PPE | 92.0M | -- | -- | -- | 58.0M |
| Net PPE | 92.0M | -- | -- | -- | 58.0M |
| Goodwill | 236.0M | -- | -- | -- | 251.0M |
| Goodwill And Other Intangible Assets | 470.0M | -- | -- | -- | 289.0M |
| Other Intangible Assets | 234.0M | -- | -- | -- | 38.0M |
| Investments And Advances | 8.9B | 8.7B | 9.0B | 8.0B | 8.2B |
| Long Term Equity Investment | 7.6B | 7.6B | 7.5B | 7.0B | 7.1B |
| Other Non Current Assets | 99.0M | 583.0M | 577.0M | 562.0M | 83.0M |
| Total Non Current Assets | 10.1B | 10.0B | 10.2B | 9.2B | 9.2B |
| Total Assets | 17.0B | 16.5B | 16.1B | 15.0B | 14.2B |
| Current Debt | 462.0M | 453.0M | 507.0M | 404.0M | 251.0M |
| Current Debt And Capital Lease Obligation | 462.0M | 453.0M | 507.0M | 404.0M | 251.0M |
| Accounts Payable | 599.0M | 2.5B | 2.4B | 2.1B | 490.0M |
| Payables | 637.0M | 2.5B | 3.3B | 3.0B | 685.0M |
| Payables And Accrued Expenses | 1.5B | 2.5B | 3.3B | 3.0B | 1.3B |
| Current Accrued Expenses | 911.0M | -- | -- | -- | 602.0M |
| Current Liabilities | 2.0B | 3.0B | 3.9B | 3.4B | 1.5B |
| Long Term Debt | 3.2B | 2.4B | 743.0M | 235.0M | 897.0M |
| Long Term Debt And Capital Lease Obligation | 3.2B | 2.4B | 743.0M | 235.0M | 897.0M |
| Other Non Current Liabilities | 1.4B | 393.0M | 402.0M | 302.0M | 485.0M |
| Total Non Current Liabilities Net Minority Interest | 4.7B | 2.9B | 1.3B | 634.0M | 1.4B |
| Total Liabilities Net Minority Interest | 6.7B | 5.8B | 5.1B | 4.1B | 3.0B |
| Common Stock | 8.6B | 9.2B | 8.9B | 8.9B | 8.9B |
| Capital Stock | 8.6B | 9.2B | 8.9B | 8.9B | 8.9B |
| Additional Paid In Capital | 154.0M | 114.0M | 60.0M | 10.0M | 152.0M |
| Retained Earnings | -851.0M | -704.0M | -715.0M | -617.0M | -488.0M |
| Treasury Stock | -- | 289.0M | -- | -- | 651.0M |
| Gains Losses Not Affecting Retained Earnings | 188.0M | 189.0M | 196.0M | 176.0M | 162.0M |
| Other Equity Adjustments | 188.0M | 189.0M | 196.0M | 176.0M | 162.0M |
| Common Stock Equity | 8.1B | 8.5B | 8.5B | 8.5B | 8.8B |
| Stockholders Equity | 8.1B | 8.5B | 8.5B | 8.5B | 8.8B |
| Total Equity Gross Minority Interest | 10.3B | 10.7B | 11.0B | 10.9B | 11.2B |
| Minority Interest | 2.2B | 2.2B | 2.6B | 2.4B | 2.4B |
| Total Capitalization | 11.3B | 10.8B | 9.2B | 8.7B | 9.6B |
| Net Tangible Assets | 7.6B | 8.5B | 8.5B | 8.5B | 8.5B |
| Tangible Book Value | 7.6B | 8.5B | 8.5B | 8.5B | 8.5B |
| Working Capital | 4.9B | 3.5B | 2.1B | 2.4B | 3.4B |
| Invested Capital | 11.7B | 11.3B | 9.7B | 9.1B | 9.9B |
| Total Debt | 3.6B | 2.8B | 1.2B | 639.0M | 1.1B |
| Net Debt | 2.0B | 1.7B | 770.0M | 307.0M | 744.0M |
| Share Issued | 1.6B | 1.6B | 1.6B | 1.6B | 443.2M |
| Ordinary Shares Number | 1.6B | 1.6B | 1.6B | 1.6B | 420.2M |
| Accrued Interest Receivable | 1.8B | 1.7B | 1.6B | 1.6B | 1.6B |
| Available For Sale Securities | 1.0B | 845.0M | 1.4B | 1.0B | 1.1B |
| Duefrom Related Parties Current | 1.6B | 3.4B | 3.5B | 3.3B | 732.0M |
| Dueto Related Parties Current | 38.0M | 35.0M | 990.0M | 917.0M | 195.0M |
| Held To Maturity Securities | 252.0M | 242.0M | -- | -- | 0.00 |
| Investmentin Financial Assets | 1.3B | 1.1B | 1.4B | 1.0B | 1.1B |
| Investments In Other Ventures Under Equity Method | 1.8B | 2.2B | 2.1B | 1.9B | 1.8B |
| Investmentsin Associatesat Cost | 981.0M | 770.0M | 758.0M | 533.0M | 685.0M |
| Investmentsin Subsidiariesat Cost | 4.8B | 4.7B | 4.7B | 4.6B | 4.6B |
| Leases | 49.0M | -- | -- | -- | 28.0M |
| Line Of Credit | 462.0M | 453.0M | 507.0M | 404.0M | 251.0M |
| Loans Receivable | 1.7B | -- | -- | -- | 1.8B |
| Non Current Deferred Assets | 572.0M | 702.0M | 647.0M | 613.0M | 586.0M |
| Non Current Deferred Liabilities | 169.0M | 121.0M | 114.0M | 97.0M | 46.0M |
| Non Current Deferred Taxes Assets | 572.0M | 702.0M | 647.0M | 613.0M | 586.0M |
| Non Current Deferred Taxes Liabilities | 169.0M | 121.0M | 114.0M | 97.0M | 46.0M |
| Other Properties | 43.0M | -- | -- | -- | 30.0M |
| Properties | 0.00 | -- | -- | -- | 0.00 |
| Treasury Shares Number | 29.5M | 25.5M | 24.6M | 24.8M | 22.9M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 706.0M | 745.0M | 529.0M | 265.0M | -849.0M |
| Cash Flow From Continuing Operating Activities | 706.0M | 745.0M | 529.0M | 265.0M | -849.0M |
| Depreciation And Amortization | 10.0M | 16.0M | 11.0M | 3.0M | -- |
| Depreciation Amortization Depletion | 10.0M | 16.0M | 11.0M | 3.0M | -- |
| Stock Based Compensation | 258.0M | 32.0M | 27.0M | 35.0M | -78.0M |
| Deferred Tax | 160.0M | -5.0M | 0.00 | -4.0M | -- |
| Deferred Income Tax | 160.0M | -5.0M | 0.00 | -4.0M | -- |
| Change In Working Capital | 81.0M | 85.0M | 256.0M | -447.0M | 280.0M |
| Changes In Account Receivables | 12.0M | 18.0M | 4.0M | -2.0M | -- |
| Change In Receivables | 52.0M | 2.0M | 297.0M | -119.0M | 259.0M |
| Change In Payables And Accrued Expense | 211.0M | 76.0M | -54.0M | -319.0M | 47.0M |
| Change In Payable | 211.0M | 76.0M | -54.0M | -319.0M | 47.0M |
| Change In Other Working Capital | -182.0M | 7.0M | 13.0M | -9.0M | -- |
| Other Non Cash Items | -460.0M | -62.0M | -284.0M | 142.0M | -171.0M |
| Sale Of Business | 0.00 | 52.0M | 0.00 | 6.0M | -- |
| Purchase Of Investment | -222.0M | -207.0M | -522.0M | -11.0M | -- |
| Sale Of Investment | 148.0M | 151.0M | 3.0M | 35.0M | -- |
| Net Investment Purchase And Sale | -74.0M | -56.0M | -519.0M | 24.0M | -- |
| Investing Cash Flow | -76.0M | -8.0M | -490.0M | 84.0M | 1.7B |
| Cash Flow From Continuing Investing Activities | -76.0M | -8.0M | -490.0M | 84.0M | 1.7B |
| Issuance Of Debt | 1.0B | 750.0M | 617.0M | 389.0M | -- |
| Net Issuance Payments Of Debt | 1.0B | 750.0M | 617.0M | 389.0M | -- |
| Issuance Of Capital Stock | 0.00 | 0.00 | 25.0M | -- | -- |
| Repurchase Of Capital Stock | -227.0M | -69.0M | 0.00 | -116.0M | -- |
| Net Common Stock Issuance | -227.0M | -69.0M | 0.00 | -116.0M | -- |
| Common Stock Dividend Paid | -703.0M | -706.0M | -702.0M | -707.0M | 1.2B |
| Common Stock Payments | -227.0M | -69.0M | 0.00 | -116.0M | -- |
| Financing Cash Flow | -108.0M | -161.0M | 108.0M | -422.0M | 877.0M |
| Cash Flow From Continuing Financing Activities | -108.0M | -161.0M | 108.0M | -422.0M | 877.0M |
| Effect Of Exchange Rate Changes | -1.0M | 6.0M | 1.0M | 1.0M | -- |
| Changes In Cash | 522.0M | 576.0M | 147.0M | -73.0M | 1.8B |
| Beginning Cash Position | 1.1B | 480.0M | 332.0M | 404.0M | 903.0M |
| End Cash Position | 1.6B | 1.1B | 480.0M | 332.0M | 12.0M |
| Free Cash Flow | 706.0M | 745.0M | 529.0M | 265.0M | -849.0M |
| Income Tax Paid Supplemental Data | 11.0M | 26.0M | 38.0M | 12.0M | 3.0M |
| Interest Paid Supplemental Data | 231.0M | 67.0M | 32.0M | 96.0M | -260.0M |
| Cash Dividends Paid | -703.0M | -706.0M | -702.0M | -707.0M | 1.2B |
| Change In Account Payable | 125.0M | 195.0M | -127.0M | -256.0M | -44.0M |
| Earnings Losses From Equity Investments | 42.0M | -13.0M | -65.0M | 29.0M | 114.0M |
| Long Term Debt Issuance | 1.0B | 750.0M | 617.0M | 389.0M | -- |
| Net Business Purchase And Sale | 0.00 | 52.0M | 0.00 | 6.0M | -- |
| Net Income From Continuing Operations | 615.0M | 692.0M | 584.0M | 507.0M | -887.0M |
| Net Long Term Debt Issuance | 1.0B | 750.0M | 617.0M | 389.0M | -- |
| Net Other Financing Charges | -178.0M | -136.0M | 168.0M | 12.0M | 51.0M |
| Net Other Investing Changes | -2.0M | -4.0M | 29.0M | 54.0M | -82.0M |
| Net Preferred Stock Issuance | 0.00 | 0.00 | 25.0M | -- | -- |
| Operating Gains Losses | 42.0M | -13.0M | -65.0M | 29.0M | 114.0M |
| Preferred Stock Issuance | 0.00 | 0.00 | 25.0M | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | 0.00 | -- |