Brookfield Asset Management .(US:BAM)2026-02-04 14:02Financial Performance - Brookfield Asset Management reported record quarterly fee-related earnings of $867 million, up 28% year-over-year, and distributable earnings of $767 million, up 18% year-over-year[2][10]. - Net income for Q4 2025 was $615 million, with total net income for the year reaching $2.4 billion, marking a significant increase from the previous year[9][28]. - Brookfield's total revenues for 2025 reached $4.8 billion, up from $3.98 billion in 2024, driven by strong management and incentive fee revenues[28]. - Net income for Q4 2025 was $615 million, a decrease of 9.6% from $680 million in Q4 2024[29]. - Fee-related earnings (FRE) increased to $867 million in Q4 2025, up 28.1% from $677 million in Q4 2024[33]. - Distributable earnings (DE) rose to $767 million in Q4 2025, compared to $649 million in Q4 2024, reflecting an 18.2% increase[29]. - Base management and advisory fees reached $873 million in Q4 2025, a 9.9% increase from $794 million in Q4 2024[33]. - Incentive fees surged to $212 million in Q4 2025, doubling from $106 million in Q4 2024[33]. - Total fee revenues for the year ended December 31, 2025, were $5.487 billion, a 16.6% increase from $4.706 billion in 2024[33]. - The company reported a provision for taxes of $299 million in Q4 2025, significantly higher than $129 million in Q4 2024[29]. - Depreciation and amortization expenses increased to $24 million in Q4 2025 from $3 million in Q4 2024[29]. Dividends and Shareholder Returns - Brookfield announced a 15% increase in its quarterly dividend to $0.5025 per share, payable on March 31, 2026[5]. Fundraising and Investments - The company achieved a record fundraising of $35 billion in Q4 2025, totaling $112 billion for the year, with fee-bearing capital growing to over $600 billion, reflecting a 12% year-over-year increase[2][11]. - As of December 31, 2025, Brookfield had $134 billion in uncalled fund commitments, with $63 billion expected to generate approximately $630 million in annual fees once deployed[20]. - Corporate liquidity stood at $3.0 billion, including cash and undrawn capacity on revolving credit[21]. Strategic Initiatives - The company launched a $100 billion global AI infrastructure program, with $5 billion already secured in commitments for the Brookfield AI Infrastructure Fund[14][24]. - Brookfield completed the acquisition of a majority interest in Angel Oak, a leading asset manager with over $10 billion in fee-bearing capital[24]. - The company plans to acquire the remaining 26% of Oaktree for approximately $3.0 billion, expected to close in the first half of 2026[24]. Long-term Focus - The company emphasized its focus on long-term investments in real assets and essential service businesses, managing over $1 trillion in assets[41]. - Shareholders are encouraged to review the detailed financial results and strategy documents available on the company's website[36].