Brookfield Asset Management Ltd. reported total revenues of $1.3 billion for the three months ended September 30, 2025, up from $1.1 billion in the same period of 2024. Management and incentive fee revenues increased to $974 million from $873 million, while net carried interest income rose to $241 million from $104 million. Other revenues decreased to $30 million from $140 million. Compensation, operating, and general and administrative expenses were $489 million, up from $430 million. Interest expense rose to $20 million from $8 million. The company continues to focus on generating strong returns for clients across economic cycles and reports key non-GAAP measures such as Fee-Related Earnings (FRE) and Distributable Earnings $(DE)$ to assess performance.