Q4 2025 BROOKFIELD ASSET MANAGEMENT LTD Earnings Call Transcript
Key Points
- Brookfield Asset Management Ltd (BAM) raised $112 billion of capital in 2025, reflecting strong demand for its institutional strategies.
- Fee-bearing capital increased by 22% year-over-year to over $600 billion, driven by growth and operating leverage.
- Distributable earnings increased by 14% to $2.7 billion, with earnings being almost entirely fee-based.
- The company is well-positioned to meet growing demand for private assets, with a diversified platform across infrastructure, power, private equity, and credit.
- Brookfield Asset Management Ltd (BAM) announced a 15% increase in its quarterly dividend, reflecting confidence in future growth.
- The acquisition of the remaining stake in Oaktree is expected to lower consolidated margins, despite strategic benefits.
- The company faces potential challenges in maintaining high margins due to the integration of partner managers and their associated costs.
- Market conditions and transaction activity are dependent on economic stability and interest rates, which could impact future growth.
- There is a risk of increased competition in the private asset space, particularly in areas like AI infrastructure.
- The company's growth strategy involves significant capital deployment, which may strain liquidity if not managed carefully.
Welcome to the Brookfield Asset Management four th quarter 2025 earnings call. (Operator Instructions)
At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session to ask a question during the session, you'll need to press star 11 telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.
I'd now like to hand the conference over to your speaker today, Jason Fooks, Managing Director of Investor Relations.
Thank you for joining us today for Brookfield Asset Management's earnings call for the 4th quarter and full year of 2025. Before we begin, I'd like to remind you that in today's comments, including in responding to questions and in discussing new initiatives, financial and operating performance, we may make forward-looking statements including forward-looking statements within the meaning. These statements reflect predictions of future
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