Core Insights - Brookfield Corporation reported strong financial results for Q3 2025, with significant growth in distributable earnings and record deployable capital [2][5][13] - The company achieved distributable earnings before realizations of $5.4 billion ($2.27 per share) over the last twelve months, representing an 18% increase year-over-year [1][8] - The asset management business saw record fee-related earnings of $754 million, a 17% increase from the prior year [6][14] Financial Performance - Total consolidated net income for the quarter was $284 million, with net income attributable to Brookfield shareholders at $219 million [4][24] - Distributable earnings for the quarter were $1.5 billion ($0.63 per share), up from $1.3 billion in the same period last year [8][21] - The wealth solutions business reported a 15% year-over-year increase in distributable earnings, reaching $1.7 billion over the last twelve months [6][20] Capital Deployment - The company ended the quarter with a record $178 billion of deployable capital, including $74 billion in cash and financial assets [13][17] - Brookfield executed $140 billion of financings in 2025, highlighting strong investor demand and capital market support [17][30] Strategic Initiatives - Brookfield announced an agreement to acquire the remaining 26% interest in Oaktree, enhancing its global credit platform [14][30] - The company is expanding its wealth solutions business globally, marking significant milestones in its growth strategy [2][6] Operating Highlights - Operating businesses generated resilient cash flows, with total earnings from realizations of $642 million over the last twelve months [7][12] - The real estate portfolio maintained strong occupancy rates, with super core assets at 96% and core plus portfolio at 95% [14][30] Shareholder Returns - The Board declared a quarterly dividend of $0.06 per share, consistent with the previous quarter [15][28] - Year-to-date, the company returned $180 million to shareholders through dividends and share repurchases [17][30]

The experts agreed that defining the objectives of securing energy is a first step. That could be deciding whether the group wants a fixed rate or a variable rate, and, of course, the length of a contract. It could include a decision about the use of thermal energy (coal, natural gas, or nuclear) or renewable energy (solar, wind, hydro, and energy storage). Does the business want to own the generation assets, or simply purchase the power? “My view has always been that the most important factor when structur ...

Core Viewpoint - TerraForm Power Operating, LLC is set to discuss its third quarter 2025 results and current business initiatives in a webcast and conference call scheduled for November 17, 2025 at 9:30 a.m. Eastern Time [2] Group 1: Financial Results and Webcast Details - The financial results for the periods ended September 30, 2025 and 2024 will be available on the company's website in the form of unaudited consolidated financial statements prior to the webcast and conference call [3] - Participants can join the conference call by pre-registering, which will provide a dial-in number, direct passcode, and unique PIN to bypass the operator [3] - The webcast registration is also available for participants who prefer to join online [4] Group 2: Company Overview - TerraForm Power Operating, LLC owns and operates a renewable power portfolio consisting of solar and wind assets primarily located in North America and Western Europe [4] - The company is a controlled affiliate of Brookfield Renewable, indicating a strong backing in the renewable energy sector [4]

Financial Data and Key Metrics Changes - Quarterly fee-related earnings grew 17% year-over-year to $754 million, while distributable earnings increased 7% to $661 million [5][25] - Fee-bearing capital reached $581 billion, an 8% increase year-over-year, driven by record fundraising [5][24] - The margin for the quarter was 58%, consistent with the prior year, and up 1% over the last 12 months [26][27] Business Line Data and Key Metrics Changes - Infrastructure and renewable power raised $30 billion, deployed $30 billion, and monetized over $10 billion at approximately 20% returns over the past 12 months [11] - The private equity business launched its seventh vintage, focusing on essential service businesses, with expectations for it to be the largest fund ever [18][20] - Real estate business saw approximately $23 billion in property sales, representing $10 billion of equity value over the past 12 months [21] Market Data and Key Metrics Changes - Global M&A volumes increased nearly 25% year-over-year, with $1 trillion in announced deals in the third quarter, the highest since 2021 [7][8] - The demand for electricity is increasing at an unprecedented rate, driven by electrification trends and the surge in electricity demand from data centers [16][17] Company Strategy and Development Direction - The company is launching an AI Infrastructure Fund to capture opportunities in AI-related infrastructure investments, estimated to exceed $7 trillion over the next decade [14] - A landmark partnership with the U.S. government to construct $80 billion in new nuclear power reactors positions the company at the forefront of clean energy initiatives [18] - The company aims to double its business by 2030, with plans to expand product offerings and diversify its investor base [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundraising momentum and expects 2026 to exceed 2025 levels [37][38] - The company is well-positioned to meet the increasing demand for power solutions, leveraging its renewable power business [17][23] - Management highlighted the importance of operational improvement as a key driver of value creation in the current economic environment [73] Other Important Information - The company declared a quarterly dividend of $43.75 per share, payable on December 31 [32] - The acquisition of the remaining 26% in Oaktree Capital Management is expected to close in the first half of 2026, enhancing the company's credit capabilities [9][32] Q&A Session Summary Question: Fundraising momentum and management fee growth outlook for 2026 - Management expects fundraising to exceed 2024 levels and anticipates strong growth in management fees driven by new acquisitions and fundraising [37][38] Question: Credit business fee rate and growth aspirations - The elevated fee rate was driven by a mix shift and one-off transaction fees, with a positive trend expected in the credit business [42][43] Question: Integration benefits from acquiring Oaktree - The acquisition will allow for operational synergies, improved marketing, and client service capabilities, enhancing overall value [49][52] Question: Retail market momentum and distribution strategy - The company is seeing robust momentum in the retail market and is focused on building relationships with key stakeholders to capture growth opportunities [55][56] Question: Corporate direct lending outlook - Management remains cautious about direct lending due to competition but sees strong opportunities in credit related to real assets and infrastructure [60][61] Question: Private equity fund outlook amidst market backdrop - The company is optimistic about its private equity fund due to its focus on essential assets and consistent performance across market cycles [72][75] Question: Broadening the client base for fundraising - The company has dedicated teams targeting small and medium-sized institutions, family offices, and insurance institutions, leading to significant growth [79][80]

Financial Data and Key Metrics Changes - Quarterly fee-related earnings grew 17% year-over-year to $754 million, while distributable earnings increased 7% to $661 million [5][25] - Fee-bearing capital reached $581 billion, an 8% increase year-over-year, driven by record fundraising [5][24] - The company raised $30 billion in the third quarter, bringing total inflows over the past 12 months to more than $100 billion, marking the highest pace of organic fundraising ever [6][27] Business Line Data and Key Metrics Changes - The infrastructure and renewable power franchise raised $30 billion, deployed $30 billion, and monetized over $10 billion at approximately 20% returns over the past 12 months [11] - The company is launching an AI Infrastructure Fund, anticipating AI-related infrastructure investments to exceed $7 trillion over the next decade [13] - In the private equity business, the company launched its seventh vintage of its flagship strategy, focusing on essential service businesses [18][19] Market Data and Key Metrics Changes - Global M&A volumes increased nearly 25% year-over-year, with $1 trillion in announced deals in the third quarter, the highest level since 2021 [6][7] - The company noted improving transaction conditions and a resilient global economy despite trade uncertainties [6][7] Company Strategy and Development Direction - The company aims to double its business by 2030, with plans to expand product offerings and diversify its investor base [30][31] - A landmark partnership with the U.S. government to construct $80 billion of new nuclear power reactors was announced, positioning the company at the center of clean baseload power development [18] - The company is focused on capturing opportunities in AI infrastructure, energy transition, and essential real assets, aligning with global trends of digitalization, decarbonization, and deglobalization [23][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong fundraising year for 2026, expecting to exceed 2025 levels [34][35] - The company anticipates continued growth in fee-related earnings driven by acquisitions and new fundraising initiatives [36] - Management highlighted a solid balance sheet and a strong liquidity position, with $2.6 billion in liquidity at quarter-end [31][32] Other Important Information - The company declared a quarterly dividend of $43.75 per share, payable on December 31 to shareholders of record as of November 28 [32] - The company is actively monetizing stabilized assets, selling approximately $23 billion of properties over the past 12 months [20][22] Q&A Session Summary Question: Fundraising momentum into 2026 - Management expects fundraising in 2026 to exceed 2025 levels, driven by infrastructure and private equity flagships [34][35] Question: Credit business fee rates - The elevated fee rate in the credit business was driven by a mix shift and one-off transaction fees, with a positive trend expected [37][39] Question: Oaktree acquisition benefits - The acquisition of Oaktree will unlock operational synergies, enhance marketing capabilities, and improve client service [42][44] Question: Retail market momentum - The company is seeing robust momentum in the retail market, with new product launches expected to drive growth [45][46] Question: Corporate direct lending outlook - Management noted that while competition in corporate lending is intensifying, private credit remains a significant and growing component of global finance [49][52] Question: Private equity fundraising outlook - The company is optimistic about raising its largest private equity fund ever, focusing on essential assets that generate consistent results [56][57]

Financial Performance - Funds From Operations (FFO) reached $302 million, a 10% increase year-over-year, driven by improved hydroelectric results, growth activities, and inflation-linked cash flows[8] - Normalized FFO, adjusted for generation, was $352 million[8] - Distributions per LP unit increased over 5% to $0.373 per unit ($1.492 annualized)[8] Liquidity and Capital Resources - Available liquidity stands at approximately $4.7 billion[8, 14] - Approximately $7.7 billion of financings were completed in the quarter, bringing year-to-date financings to $27 billion[14] - Asset recycling program generated expected proceeds of ~$2.8 billion[14] Growth and Development - Approximately 1,800 megawatts of new capacity were delivered globally, with ~8,000 megawatts expected in 2025[11] - Approximately $2.1 billion was committed or deployed across multiple investments[13] - Contracts were secured to deliver an incremental ~4,000 gigawatt hours per year of generation to high-credit quality utility and corporate customers[13] Portfolio Composition - The company has approximately 48,700 MW of total operating capacity[17] - Approximately 90% of generation is contracted for an average term of 13 years[19] - Approximately 70% of revenues are indexed to inflation[19]

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Supplemental Information contains forward-looking statements and information, within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform ...

Core Insights - British International Investment (BII) has entered a $75 million financing deal with Blueleaf Energy to support India's clean energy transition and foster collaboration in Southeast Asia [1][3] - The investment will facilitate the development of nearly 2 gigawatts (GW) of renewable energy projects, expected to generate over 3.2 gigawatt-hours (GWh) of clean energy annually and avoid approximately 3.1 million tons of CO₂ emissions each year [2][3] Investment Details - The financing will fund utility-scale solar, wind, and energy storage projects in India, contributing to India's goal of achieving 500 GW of non-fossil fuel power capacity by 2030 [2][3] - Blueleaf Energy currently manages a pipeline of over 3 GW of solar and wind projects and 2 GWh of energy storage capacity across various markets, including India and Southeast Asia [5] Strategic Importance - The partnership aligns with BII's strategy to de-risk renewable projects and mobilize private capital for climate finance, aiming to catalyze markets and accelerate clean energy transitions in emerging economies [4] - The agreement was signed in Singapore, highlighting the collaborative efforts between BII, Blueleaf Energy, and representatives from the UK's Foreign, Commonwealth & Development Office [3][4]

Singaporean renewable power developer Gurin Energy has bought EDP Renewables APAC’s wind and solar project portfolio in South Korea, the company says https://t.co/F7yQy60mtl ...

Core Viewpoint - Brookfield Corporation is positioning itself to capitalize on the significant investment opportunity in AI infrastructure, estimating a need for $7 trillion in related investments over the next decade [1][5]. Investment Strategy - The company plans to invest heavily across all aspects of AI infrastructure development, including data centers and renewable power, to ensure robust growth and strong returns [2][11]. - Brookfield aims to leverage its expertise in real estate, infrastructure, power, and capital solutions to support the buildout of AI infrastructure [11]. Infrastructure Requirements - AI technology requires specialized infrastructure, including data centers equipped with GPUs, CPUs, and advanced cooling systems, necessitating substantial capital investment [4][5]. - The estimated spending on AI infrastructure is projected to exceed $1 trillion by the end of 2029, with hyperscalers increasing their capital expenditures by 50% to $400 billion this year due to the high computing power demands of AI workloads [5]. Brookfield's Capabilities - Brookfield Infrastructure has a global data infrastructure platform with investments in over 300,000 telecom towers, two semiconductor manufacturing foundries, and more than 140 operating data centers with over 1.7 gigawatts of contracted capacity [7]. - The company has the potential to develop an additional 3.6 gigawatts of data center capacity, representing a 50% increase from its current development potential [7]. Renewable Energy Contributions - Brookfield Renewable is becoming a key partner in supplying renewable energy to support AI infrastructure, with significant agreements with major tech companies like Google and Microsoft for carbon-free power [8]. - The company signed a hydro framework agreement with Google to potentially supply up to 3 gigawatts of hydropower and a corporate power deal with Microsoft to deliver 10.5 gigawatts of renewable power by 2030 [8]. Future Growth Potential - Brookfield Corporation sees the potential to invest $200 billion in building AI factories across North America and Europe, believing that AI infrastructure will become the largest business within its platform [9]. - The company anticipates achieving 25% annualized earnings-per-share growth over the next five years due to its investments in AI infrastructure [10].