NEW YORK – Brookfield Asset Management Ltd. reported its second-quarter profit rose compared with a year ago.
The alternative asset manager, which keeps its books in U.S. dollars, says net income for the period ending June 30 totalled US$620 million, an increase from US$495 million in the second quarter of 2024.
The earnings amounted to 38 cents US per diluted share, compared with 31 cents US per diluted share a year ago.
Its revenue for the quarter totalled US$1.09 billion, up from $916 million from the same period last year.
Its distributable earnings for the quarter amounted to US$613 million or 38 cents US per share, compared with US$548 million or 34 cents US per share a year earlier.
Brookfield Asset Management president Connor Teskey says the company will extend its partnerships with governments, businesses and institutions as trends including decarbonization, deglobalization and digitalization continue to accelerate.
This report by The Canadian Press was first published Aug. 6, 2025.
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