Partners Value Investments Inc. reported a net loss of $2.2 billion for the three months ended September 30, 2025, compared to a net loss of $1.2 billion in the same period last year. The increased net loss was mainly due to higher remeasurement losses on retractable common shares ($1.9 billion), warrants ($252 million), and exchangeable shares ($76 million). These items are classified as liabilities, and their valuation is affected by changes in the Partnership Equity LP unit price. Adjusted Earnings, which exclude remeasurement gains and losses and dividends paid on retractable shares, were $46 million for the quarter, up from $17 million a year earlier. The increase in Adjusted Earnings was attributed to higher investment valuation gains, favorable foreign currency movements, and lower tax expense. As of September 30, 2025, the market prices for Brookfield Corporation and Brookfield Asset Management shares were $68.6 and $56.9, respectively, while adjusted for a stock split, the Brookfield Corporation share price was $45.7.