TORONTO – Brookfield Asset Management Ltd. reported US$586 million in net income for its first quarter, up from US$507 million in the same quarter last year.
The alternative asset manager, which keeps its books in U.S. dollars, says the profit amounted to 38 cents US per diluted share for the quarter ended March 31, up from 36 cents US per diluted share a year earlier.
Distributable earnings amounted to 43 cents US per share for the quarter, up from 40 cents per share a year ago.
Revenue totalled US$1.34 billion, up from US$1.08 billion in the first quarter of 2025.
The increase came as management and incentive fee revenue amounted to US$990 million, up from US$954 million a year ago, while carried interest income rose to US$112 million compared with US$2 million in the same quarter last year.
Other revenue for the quarter amounted to US$236 million, up from US$125 million.
This report by The Canadian Press was first published May 8, 2026.
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