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10-QPeriod: Q2 FY2025

Brookfield Asset Management Ltd. Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 8, 2025For Securities:BAM

Summary

Brookfield Asset Management Ltd. (BAM) reported strong revenue growth and profitability in its Q2 2025 earnings. Total revenues increased by 19% year-over-year to $1.1 billion for the three months ended June 30, 2025. This growth was driven primarily by a 14% increase in base management and advisory fees, reflecting successful capital raises across various strategies, including renewable power, real estate, and credit. Incentive fees also saw a 9% rise, indicating positive performance across key listed affiliates like BIP and BEP. Operationally, the company demonstrated robust performance with Segment Earnings increasing by 25% to $567 million for the quarter. This was supported by strong fee-bearing capital growth across most segments, particularly in Renewable Power & Transition and Credit. The company's Fee-Bearing Capital grew to $563 billion, up 2% from the previous quarter. Despite increased compensation expenses, largely due to higher share-based compensation as BAM's share price appreciated, the company maintained healthy profitability. BAM's liquidity remains strong, with corporate liquidity at $1.5 billion, supported by a recent debt offering, positioning it well for future investments.

Financial Statements
Beta
Revenue$931.00M
Operating Expenses$557.00M
Net Income$584.00M

Key Highlights

  • 1Total revenues grew 19% year-over-year to $1.1 billion for Q2 2025.
  • 2Base management and advisory fees increased by 14% year-over-year, driven by capital raises across various strategies.
  • 3Segment Earnings rose 25% year-over-year to $567 million, reflecting strong operational performance.
  • 4Fee-Bearing Capital increased by 2% sequentially to $563 billion, indicating continued AUM growth.
  • 5The company's liquidity remains strong with $1.5 billion in corporate liquidity.
  • 6The company's balance sheet shows significant growth in assets, up 14% to $16.1 billion, supported by investments and stronger cash positions.

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