Record Distributable Earnings and Net Income
Distributable earnings before realizations were $5.4B (or $2.27/share), an 11% increase year-over-year; total distributable earnings were $6.0B ($2.54/share) and total net income was $3.2B for FY2025.
Large-Scale Capital Raising, Deployment and Liquidity
Raised $112B of capital, deployed $126B, financed ~$175B of assets, completed $91B of asset sales, and ended the year with record deployable capital of $188B and a permanent capital base of $180B.
Strong Asset Management Performance
Asset management generated record results with $2.8B of distributable earnings; fee-bearing capital grew 12% to over $600B and fee-related earnings rose 22% to $3.0B.
Wealth Solutions Growth and Profitability
Brookfield Wealth Solutions delivered $1.7B of distributable earnings (+24% year-over-year), insurance assets exceeded $140B, delivered ROE above mid-teens, and completed $20B of annuity sales in 2025.
Strong Real Estate Operating Fundamentals
Signed nearly 17M sq ft of office leases with net rents averaging 18% higher than expiring leases across super core/core plus portfolios; examples include NYC 2.4M sq ft at +20%, Canada 2.4M sq ft at +10%, London ~800k sq ft at ~+10%; super core/core plus occupancy >95%.
Monetizations at Attractive Returns
Advanced $91B of sales across the business (including $24B real estate, $22B infrastructure, $12B renewable power, $33B private equity & other) with substantially all sales at or above carrying values; realized $560M of carried interest and $11.6B of accumulated unrealized carried interest.
Capital Returns and Share Repurchase
Returned $1.6B to shareholders via dividends and buybacks; repurchased >$1.0B of Class A shares at an average price of $36 (stated as ~50% discount to management's view of intrinsic value); Board declared a 17% increase in the quarterly dividend to $0.07 per share.
Operational Cash Flow Growth in Infrastructure and Renewables
Operating funds from operations in renewable power and transition & infrastructure increased by 14% year-over-year, supporting stable and growing cash flows across operating businesses.
Strategic Initiatives and Corporate Simplification
Announced intent to streamline listed structure (completed BBU combination; planning merger of Brookfield Corporation and BNT) to consolidate market capitalization and support insurance growth while preserving governance and investment processes.
Positive Public Market Performance and Long-Term Track Record
Company stock returned 21% in 2025 and the 30-year compound annual return stands at 19% (example given of $1,000,000 growing to $285,000,000 over 30 years).