Core Insights - Partners Value Investments L.P. reported a net income of $27.1 million for the quarter ended September 30, 2025, a significant increase from $14.6 million in the same quarter of the previous year, driven by higher investment valuation gains, favorable foreign currency movements, and lower tax expenses [2][5][12] Financial Performance - The Partnership's investment income for the three months ended September 30, 2025, was $31.7 million, compared to $28.7 million in the prior year quarter, with dividends contributing $26.6 million and other investment income $5.1 million [5] - Operating expenses decreased to $1.1 million from $1.2 million year-over-year, while financing costs remained relatively stable at approximately $2.6 million [5] - The net income attributable to Equity Limited Partners was $24.7 million, while Preferred Limited Partners accounted for $2.4 million [2][5] Investment Portfolio - As of September 30, 2025, the Partnership held approximately 121 million Class A Limited Voting Shares of Brookfield Corporation and 31 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., representing about 8% and 2% interests, respectively [9] - The market prices for Brookfield Corporation and Brookfield Asset Management shares were $68.58 and $56.94, respectively, as of September 30, 2025 [4] Changes in Equity Structure - The Partnership executed a ten-for-one unit split on August 8, 2025, and a three-for-two stock split for Brookfield Corporation on October 9, 2025, which increased the number of Class A Limited Voting Shares held by the Partnership to 181 million [3][10] Fully Diluted NAV - The fully diluted net asset value (NAV) at the end of the period was $9.68 billion, with a per unit value of $12.36, reflecting an increase from the beginning of the period [7][12] - The change in fully diluted NAV included net income, other comprehensive income, and adjustments for the fair value of non-controlling interests [7][12]