What was the primary driver of the revenue increase in Q1 2025?

The primary driver of the revenue increase was a 23% rise in base management and advisory fees, totaling $837 million. This growth was fueled by capital raised for flagship funds, particularly in real estate and global transition, and higher trading prices for publicly traded vehicles like BIP and BEP.

How did the 2025 Arrangement impact BAM's financial statements?

The 2025 Arrangement, completed on February 4, 2025, consolidated Brookfield Asset Management ULC under BAM. This has been accounted for as a reverse asset acquisition, with BAM's historical results now reflecting those of the Asset Management Company. This integration is expected to streamline operations and enhance financial reporting clarity.

What is the outlook for BAM's Fee-Bearing Capital?

Fee-Bearing Capital increased to $549 billion as of March 31, 2025, up from $538 billion at the end of 2024. This growth reflects successful fundraising and capital deployment across various strategies, including new fund vintages and insurance capital inflows, indicating a positive trend for future fee generation.

How is BAM managing its liquidity?

BAM maintained corporate liquidity of $1.4 billion as of March 31, 2025, comprising $549 million in cash and short-term financial assets and $815 million in undrawn credit facilities. This robust liquidity position allows the company to pursue opportunities, manage economic changes, and support distributions.

BAM 10-Q Quarterly Report Q1 FY2025 — Revenue, Net Income, EPS

Summary

Brookfield Asset Management Ltd. (BAM) reported a strong first quarter for 2025, demonstrating significant revenue growth and profitability. Total revenues increased by 22% year-over-year to $1.1 billion, primarily driven by a substantial 23% rise in base management and advisory fees, reflecting successful capital raising and higher valuations in key funds. Net income attributable to common stockholders surged to $581 million, up from $441 million in the prior year's first quarter, highlighting improved operational efficiency and strong asset performance. The company's Fee-Bearing Capital also saw healthy growth, reaching $549 billion. The recent completion of the 2025 Arrangement, which consolidated the asset management business under BAM, has streamlined operations and is expected to further enhance financial performance. BAM's diversified business segments, including Renewable Power & Transition, Infrastructure, Real Estate, Private Equity, and Credit, all contributed to this positive financial outcome.

Financial Highlights

24 data points

Beta

Revenue

$954.00M

Net Income

$507.00M

0.5% Net Margin

Total Assets

$14.97B

Cash & Equivalents

$332.00M

Free Cash Flow

$265.00M

Financial Statements

Beta

Revenue	$954.00M
Operating Expenses	$502.00M
Net Income	$507.00M

Key Highlights

1Total revenues increased 22% year-over-year to $1.1 billion for the three months ended March 31, 2025.
2Base management and advisory fees grew by 23% to $837 million, driven by capital raised and higher asset valuations.
3Net income attributable to common stockholders rose to $581 million, a significant increase from $441 million in the prior year.
4Fee-Bearing Capital increased by $10.5 billion to $549 billion as of March 31, 2025, indicating successful fundraising and capital deployment.
5The company completed the 2025 Arrangement, consolidating its asset management business under BAM, which is expected to streamline operations and enhance future financial performance.
6Segment Earnings increased by $102 million to $576 million, driven by strong performance across all five operating segments, particularly Real Estate and Credit.
7The company declared a quarterly dividend of $0.4375 per share, payable in June 2025, signaling continued confidence in its financial health and commitment to shareholder returns.

Brookfield Asset Management Ltd. Quarterly Report for Q1 Ended Mar 31, 2025

Summary

Financial Highlights

Key Highlights

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