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Brookfield Asset Management (BAM) investor relations material
Brookfield Asset Management Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record financial results for Q4 and full year 2025, with the strongest performance since listing.
Fee-related earnings reached $867M in Q4, up 28% year-over-year, and $3.0B for the year, up 22%.
Distributable earnings were $767M in Q4, up 18% year-over-year, and $2.7B for the year, up 14%.
Raised $112B in capital and invested $66B in high-quality assets in 2025, with $50B in monetizations at strong returns.
Leadership transition: Connor Teskey appointed CEO, Bruce Flatt remains Chair.
Financial highlights
Fee-bearing capital grew 12% to $603B; Q4 FRE margin at 61% and full-year at 58%.
Q4 DE per share was $0.47; FY DE per share was $1.65.
Record fundraising of $35B in Q4 and $112B for the year; deployed $13B in Q4 and $66B for the year.
Dividend increased 15% to $0.5025/share quarterly ($2.01 annualized), payable March 31, 2026.
Total assets under management reached $1.2T.
Outlook and guidance
2026 expected to be another record year for fundraising and earnings, with FRE growth projected in the mid- to high teens.
Entering 2026 with $134B in dry powder and nearly 60 funds in market.
$200M incremental annualized FRE expected from Oaktree, Just Group, and recent credit manager acquisitions.
Anticipate first closes for new AI infrastructure and private equity funds in H1 2026.
Wealth channel growth exceeded 40% in 2025, with similar momentum expected in 2026.
- TimeTickerHeadlineOpen
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Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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