Brookfield Asset Management .(US:BAM)2025-11-07 11:45Capital Raising and Investments - Brookfield Asset Management raised a record $30 billion in capital during the third quarter, contributing to over $100 billion in the past twelve months[2][8] - Brookfield Asset Management deployed a record $23 billion into investments during the quarter, marking the largest deployment quarter ever[2][9] - The company monetized $15 billion in equity value from asset sales during the quarter, with total asset sales valued at $25 billion[10] - Brookfield raised $20 billion for its global transition flagship strategy, making it the world's largest private fund dedicated to clean energy transition[14] Financial Performance - Fee-related earnings reached a record $754 million, or $0.46 per share, representing a 17% increase year-over-year, with margins expanding to 58%[5][6] - Distributable earnings were $661 million, or $0.41 per share, up 7% from the previous year, with total distributable earnings over the last twelve months at $2.6 billion[6] - Net income attributable to Brookfield Asset Management totaled $724 million for the quarter, a 33% increase, and $2.6 billion for the year, up 41%[5] - Total revenues for Q3 2025 reached $1,252 million, a 12.1% increase from $1,117 million in Q3 2024[28] - Net income for Q3 2025 was $692 million, up 29% from $537 million in Q3 2024[30] - Fee-related earnings for Q3 2025 were $754 million, compared to $644 million in Q3 2024, reflecting a 17.1% increase[31] - Distributable earnings for Q3 2025 amounted to $661 million, a 6.8% increase from $619 million in Q3 2024[32] - Base management and advisory fees for Q3 2025 were $859 million, up from $768 million in Q3 2024, representing an increase of 11.8%[32] - Incentive fees for Q3 2025 totaled $116 million, compared to $106 million in Q3 2024, marking a 9.4% increase[32] - Carried interest income for Q3 2025 was $241 million, significantly higher than $104 million in Q3 2024, indicating a 131.7% increase[28] - The company reported a net income attributable to BAM of $724 million for Q3 2025, compared to $544 million in Q3 2024, reflecting a 33% increase[28] - Basic net income per share for Q3 2025 was $0.45, up from $0.34 in Q3 2024, a 32.4% increase[28] - Total expenses for Q3 2025 were $515 million, an increase from $438 million in Q3 2024, representing an 17.6% rise[28] Corporate Actions and Future Outlook - The company announced an agreement to acquire the remaining 26% interest in Oaktree for approximately $3.0 billion, expected to close in the first half of 2026[21] - Corporate liquidity stood at $2.6 billion as of September 30, 2025, with $125 billion of uncalled fund commitments[24][23] - A quarterly dividend of $0.4375 per share was declared, payable on December 31, 2025[25] Risks and Uncertainties - The company acknowledges that actual results may differ materially from forward-looking statements due to various factors, including market volatility and regulatory challenges[49] - Risks include foreign currency fluctuations, interest rate increases, and unfavorable economic conditions that could impact financial performance[50] - The company emphasizes that past performance is not indicative of future results, and there is no assurance that targeted returns or growth objectives will be achieved[52] - Target returns and growth objectives are based on assumptions that may prove incorrect, highlighting the uncertainty in achieving these goals[53] - The company relies on third-party sources for certain information, but does not guarantee the accuracy or completeness of this data[54]