Distributable Earnings Before Realizations Increased by 18% to $5.4 billion or $2.27 Per Share over the Last Twelve Months
Deployable Capital Increases to a Record $178 billion
BROOKFIELD, NEWS, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended September 30, 2025.
Nick Goodman, President of Brookfield Corporation, said, "Our financial performance in the third quarter was strong, supported by record results in our asset management business, sustained organic growth across our wealth solutions platform, and the resilience of our operating businesses."
He added, "We continue to successfully execute on our key initiatives, positioning Brookfield for our next phase of growth. Our agreement to acquire the remaining interest in Oaktree, as well as the continued global expansion of our wealth solutions business, mark important milestones in compounding long-term value for our shareholders."
Operating Results
Distributable earnings ("DE") before realizations increased by 6% and 18% over the prior periods.
UNAUDITED
For the periods
ended September
30 Three Months Ended Last Twelve Months Ended
(US$ millions,
except per share
amounts) 2025 2024 2025 2024
----------------- ---------------- ---------------- ----------------
Net income of
consolidated
business(1) $ 284 $ 1,518 $ 1,655 $ 4,886
Net income
attributable to
Brookfield
shareholders(2) 219 64 996 908
Distributable
earnings before
realizations(3) 1,333 1,259 5,385 4,582
-- Per
Brookfield
share(3,4) 0.56 0.53 2.27 1.93
Distributable
earnings(3) 1,487 1,325 6,027 5,980
-- Per
Brookfield
share(3,4) 0.63 0.56 2.54 2.52
----------------
See endnotes on page 9.
Total consolidated net income was $284 million for the quarter and $1.7 billion for the last twelve months ("LTM"). Distributable earnings before realizations were $1.3 billion ($0.56/share) for the quarter and $5.4 billion ($2.27/share) for the last twelve months.
Our asset management business delivered strong performance, with record fee-related earnings of $754 million, increasing 17% from prior year quarter. This growth was supported by strong fundraising momentum across our flagship and complementary strategies.
Our wealth solutions business achieved another quarter of robust growth, with distributable earnings increasing 15% year-over-year, supported by sustained organic growth and strong investment performance.
Our operating businesses continued to generate resilient and growing cash flows, reflecting the strength and quality of our underlying assets.
During the quarter and LTM, earnings from realizations were $154 million and $642 million, with total DE for the quarter and the LTM of $1.5 billion ($0.63/share) and $6.0 billion ($2.54/share), respectively.
Operating Highlights
Distributable earnings before realizations were $1.3 billion ($0.56/share) for the quarter and $5.4 billion ($2.27/ share) over the last twelve months, representing an increase of 6% and 18% on a per share basis over the prior year periods. Total distributable earnings were $1.5 billion ($0.63/share) for the quarter and $6.0 billion ($2.54/share) over the last twelve months.
Asset Management
-- DE was $687 million ($0.29/share) in the quarter and $2.7 billion
($1.14/share) over the LTM.
-- Fee-related earnings increased by 17% from the prior year quarter to a
record $754 million, supported by fee-bearing capital of $581 billion.
-- Total inflows during the quarter were $30 billion, the highest
fundraising period in three years, including over $6 billion from our
retail and wealth clients.
-- We held the final close of our second vintage global transition strategy,
bringing total commitments to $20 billion, marking the largest private
fund globally dedicated to energy transition, and we also launched the
seventh vintage of our flagship private equity fund.
-- We recently announced an agreement to acquire the remaining 26% interest
in Oaktree. The transaction expands our ownership in Oaktree's carried
interest, fee-related earnings, and balance sheet investments, and
further enhances the scale of our global credit platform.
Wealth Solutions
-- DE was $420 million ($0.18/share) in the quarter and $1.7 billion
($0.70/share) over the LTM.
-- We originated $5 billion of retail and institutional annuity sales during
the quarter, increasing insurance assets to $139 billion, with
approximately 80% of new annuities written at five years or longer in
duration.
-- We deployed $4 billion into Brookfield-managed strategies at an average
net yield of 9%. Our investment portfolio generated an average yield of
5.7%, maintaining strong spread earnings, and contributing to a 15%
return on equity.
-- We received shareholder approval for the acquisition of U.K.-based Just
Group, expected to close in the first half of 2026, subject to regulatory
approvals. Upon closing, the acquisition will increase the group's total
insurance assets to approximately $180 billion.
-- We signed our first Japan-based reinsurance agreement with Dai-ichi
Frontier Life, a leading Japanese insurance company, further expanding
our global presence in a key growth market.
Operating Businesses
-- DE was $366 million ($0.15/share) in the quarter and $1.7 billion
($0.72/share) over the LTM.
-- Our publicly listed private equity business announced plans to simplify
its corporate structure through the conversion into a single-listed
corporate entity ("BBU Inc."), aimed to broaden its investor base and
enhance trading liquidity.
-- Subsequent to quarter end, we announced partnerships to advance
next-generation power and AI initiatives, including with the U.S.
Government, to expand nuclear capacity through Westinghouse to deliver
$80 billion of new nuclear plants in the U.S.--and with Bloom Energy to
install up to 1 GW of behind-the-meter power generation to support AI
infrastructure globally.
-- Operating fundamentals across our real estate portfolio remain strong,
with our super core assets maintaining 96% occupancy and our core plus
portfolio ending the quarter at 95% occupancy, reflecting continued
tenant demand for high-quality assets.
Earnings from the monetization of mature assets were $154 million ($0.07/share) for the quarter and $642 million ($0.27/share) over the LTM.
-- Year to date, we have advanced $75 billion of asset sales across the
business, including over $35 billion since the second quarter.
Substantially all sales were completed at or above our carrying values,
monetizing significant value for our clients at attractive returns.
-- Monetization activity since the second quarter included $13 billion of
real estate assets, $9 billion of infrastructure assets, including the
successful IPO of Rockpoint Gas Storage, nearly $8 billion of renewable
assets, and $6 billion of other diversified assets across our operating
businesses.
-- Total accumulated unrealized carried interest was $11.5 billion at
quarter end, net of $154 million realized into income in the quarter and
$580 million over the LTM. As transaction activity continues to improve,
we anticipate realizing significant carried interest into income over the
next three years.
We ended the quarter with a record $178 billion of capital available to deploy into new investments.
-- We have record deployable capital of $178 billion, which includes $74
billion of cash, financial assets and undrawn credit lines at the
Corporation, our affiliates and our wealth solutions business, as well as
$104 billion of uncalled private fund commitments.
-- Our balance sheet remains conservatively capitalized, with corporate debt
at the Corporation carrying a weighted-average term of 14 years, and
today, we have no maturities through the end of 2025.
-- Capital markets remain highly supportive of real assets, facilitating a
continued pickup in transaction activity. We executed $140 billion of
financings so far this year across the franchise, including over $50
billion since the second quarter. A few recent highlights include:
-- At the Corporation, we issued $650 million of 10-year senior notes,
which was met with strong investor demand underscoring the
strength of our credit profile.
-- In real estate, we successfully refinanced a $1.9 billion
five-year loan for a luxury resort in the Bahamas and completed
two New York office financings, each over $1.25 billion,
highlighting the continued flow of capital to high-quality assets.
-- During the quarter, we returned $180 million of capital to our
shareholders via regular dividends and share repurchases. Year-to-date,
we repurchased over $950 million of Class A shares in the open market at
an average price of $36, which represents a 50% discount to our view of
intrinsic value at quarter end of $69.
-- During the quarter, we announced a strategic partnership with Figure,
further advancing Brookfield's position at the forefront of integrating
artificial intelligence to drive productivity across our real assets and
operating businesses.
Regular Dividend Declaration
The Board declared a quarterly dividend for Brookfield Corporation of $0.06 per share, payable on December 31, 2025 to shareholders of record as at the close of business on December 16, 2025. On a post-split basis, the quarterly dividend is consistent with the previous quarter's dividend. The Board also declared the regular monthly and quarterly dividends on our preferred shares.
CONSOLIDATED BALANCE SHEETS
Unaudited September 30 December 31 (US$ millions) 2025 2024 ------------------ ------------------------- --------------------------------- Assets Cash and cash equivalents $ 16,682 $ 15,051 Other financial assets 29,282 25,887 Accounts receivable and other 46,230 40,509 Inventory 9,161 8,458 Equity accounted investments 75,355 68,310 Investment properties 87,985 103,665 Property, plant and equipment 161,630 153,019 Intangible assets 41,151 36,072 Goodwill 42,830 35,730 Deferred income tax assets 4,280 3,723 ------------------ -------- --------------- ---------------- --------------- Total Assets $ 514,586 $ 490,424 ------------------ -------- --------------- ---------------- --------------- Liabilities and Equity Corporate borrowings $ 15,157 $ 14,232 Accounts payable and other 62,248 60,223 Non-recourse borrowings of managed entities 244,052 220,560 Subsidiary equity obligations 3,763 4,759 Deferred income tax liabilities 26,286 25,267 Equity Non-controlling interests $116,423 $ 119,406 Preferred equity $ 4,103 4,103 Common equity 42,554 163,080 41,874 165,383 ------------------ Total Equity 163,080 165,383 ------------------ -------- --------------- ---------------- --------------- Total Liabilities and Equity $ 514,586 $ 490,424 ------------------ -------- --------------- ---------------- ---------------
CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited
For the periods
ended September
30 Three Months Ended Nine Months Ended
(US$ millions,
except per share
amounts) 2025 2024 2025 2024
------- ------- ------- -------
Revenues $ 18,917 $ 20,623 $ 54,944 $ 66,580
Direct costs(1) (11,941) (12,934) (34,317) (46,222)
Other income and
gains 1,028 711 1,646 1,195
Equity accounted
income 543 184 1,529 1,695
Interest expense
-- Corporate
borrowings (188) (190) (555) (544)
-- Non-recourse
borrowings
Same-store (4,320) (4,142) (12,330) (12,092)
Dispositions,
net of
acquisitions(2) 421 -- 905 --
Upfinancings(2) (227) -- (748) --
Corporate costs (18) (20) (56) (56)
Fair value changes (736) (166) (763) (761)
Depreciation and
amortization (2,691) (2,410) (7,680) (7,320)
Income tax (504) (138) (1,021) (723)
------------------ ------- ------- ------- -------
Net income 284 1,518 1,554 1,752
Net (income) loss
attributable to
non-controlling
interests (65) (1,454) (990) (1,543)
------------------ ------- ------- ------- -------
Net income
attributable to
Brookfield
shareholders $ 219 $ 64 $ 564 $ 209
------------------ ------- ------- ------- -------
Net income per
share(3)
Diluted $ 0.08 $ 0.01 $ 0.19 $ 0.04
Basic 0.08 0.01 0.20 0.04
------------------ ------- ------- ------- -------
1. Direct costs disclosed above exclude depreciation and amortization
expense.
2. Interest expense from dispositions, net of acquisitions, and upfinancings
completed over the twelve months ended September 30, 2025.
3. Adjusted to reflect the three-for-two stock split completed on October 9,
2025.
SUMMARIZED FINANCIAL RESULTS
DISTRIBUTABLE
EARNINGS
Unaudited
For the periods
ended September
30 Three Months Ended Last Twelve Months Ended
(US$ millions) 2025 2024 2025 2024
------------ ----------- ----------- -----------
Asset management $ 687 $ 694 $ 2,715 $ 2,600
Wealth solutions 420 364 1,662 1,182
BEP 113 107 446 423
BIP 89 84 351 331
BBU 6 9 26 36
BPG 147 166 853 722
Other 11 (10) 28 (48)
---------------- ------------ ----------- ----------- -----------
Operating
businesses 366 356 1,704 1,464
Corporate costs
and other (140) (155) (696) (664)
---------------- ------------ ----------- ----------- -----------
Distributable
earnings before
realizations(1) 1,333 1,259 5,385 4,582
Realized carried
interest, net 154 61 580 395
Disposition
gains from
principal
investments -- 5 62 1,003
---------------- ------------ ----------- ----------- -----------
Distributable
earnings(1) $ 1,487 $ 1,325 $ 6,027 $ 5,980
---------------- ------------ ----------- ----------- -----------
1. Non-IFRS measure -- see Non-IFRS and Performance Measures section on page
9.
RECONCILIATION
OF NET INCOME TO
DISTRIBUTABLE
EARNINGS
Unaudited
For the periods
ended September
30 Three Months Ended Last Twelve Months Ended
(US$ millions) 2025 2024 2025 2024
----------- ---------- ----------- -----------
Net income $ 284 $ 1,518 $ 1,655 $ 4,886
Financial
statement
components not
included in DE:
Equity
accounted
fair value
changes and
other 812 1,158 3,533 3,328
Fair value
changes and
other 917 179 2,819 2,516
Depreciation
and
amortization 2,691 2,410 10,097 9,747
Disposition
gains in net
income (1,241) (430) (2,505) (4,999)
Deferred
income
taxes (57) (324) (396) (839)
Non-controlling
interests in
the above
items(1) (2,129) (3,252) (9,905) (10,074)
Less: realized
carried
interest, net (154) (61) (580) (395)
Working capital,
net 210 61 667 412
Distributable
earnings before
realizations(2) 1,333 1,259 5,385 4,582
Realized carried
interest, net 154 61 580 395
Disposition
gains from
principal
investments -- 5 62 1,003
Distributable
earnings(2) $ 1,487 $ 1,325 $ 6,027 $ 5,980
1. DE is a non-IFRS measure proportionate to the interests of shareholders
and therefore excludes items in income attributable to non-controlling
interests in non-wholly owned subsidiaries.
2. Non-IFRS measure -- see Non-IFRS and Performance Measures section on page
9.
EARNINGS PER SHARE
Unaudited
For the periods
ended September
30 Three Months Ended Last Twelve Months Ended
(millions,
except per share
amounts) 2025 2024 2025 2024
------------ ------------- ------------- ------------
Net income $ 284 $ 1,518 $ 1,655 $ 4,886
Non-controlling
interests (65) (1,454) (659) (3,978)
---------------- ------------ ------------- ------------- ------------
Net income
attributable to
shareholders 219 64 996 908
Preferred share
dividends(1) (42) (43) (165) (170)
---------------- ------------ ------------- ------------- ------------
Net income
available to
common
shareholders 177 21 831 738
Dilutive impact
of exchangeable
shares of
affiliate 3 -- 12 11
---------------- ------------ ------------- ------------- ------------
Net income available to common shareholders including
dilutive
impact of
exchangeable
shares $ 180 $ 21 $ 843 $ 749
---------------- ------------ ------------- ------------- ------------
Weighted average
shares(4) 2,244.0 2,262.7 2,251.8 2,280.3
Dilutive effect of conversion of options, escrowed
shares(2) and
exchangeable
shares of
affiliate(3,4) 123.8 48.6 120.3 92.3
---------------- ------------ ------------- ------------- ------------
Shares and share
equivalents(4) 2,367.8 2,311.3 2,372.1 2,372.6
---------------- ------------ ------------- ------------- ------------
Diluted earnings
per share(4) $ 0.08 $ 0.01 $ 0.36 $ 0.32
---------------- ------------ ------------- ------------- ------------
1. Excludes dividends paid on perpetual subordinated notes of $3 million
(2024 -- $3 million) and $10 million (2024 -- $10 million) for the three
and twelve months ended September 30, 2025, which are recognized within
net income attributable to non-controlling interests.
2. Dilution of management share option plan and escrowed stock plan measured
using treasury stock method.
3. Due to its anti-dilutive effect on EPS for the three months ended
September 30, 2024, the exchange of BWS Class A shares has been excluded
from the diluted EPS calculation.
4. Adjusted to reflect the three-for-two stock split completed on October 9,
2025.
Additional Information
The Letter to Shareholders and the company's Supplemental Information for the three and twelve months ended September 30, 2025, contain further information on the company's strategy, operations and financial results. Shareholders are encouraged to read these documents, which are available on the company's website.
The statements contained herein are based primarily on information that has been extracted from our financial statements for the periods ended September 30, 2025, which have been prepared using IFRS Accounting Standards, as issued by the International Accounting Standards Board ("IASB"). The amounts have not been audited by Brookfield Corporation's external auditor.
Brookfield Corporation's Board of Directors has reviewed and approved this document, including the summarized unaudited consolidated financial statements prior to its release.
Information on our dividends can be found on our website under Distributions.
Quarterly Earnings Call Details
Investors, analysts and other interested parties can access Brookfield Corporation's 2025 Third Quarter Results as well as the Shareholders' Letter and Supplemental Information on Brookfield Corporation's website under the Reports & Filings section at www.bn.brookfield.com.
To participate in the Conference Call today at 9:00 a.m. ET, please pre-register at https://register-conf.media-server.com/register/BIf53911d34bdc4ac38feb0108a74ca3c9. Upon registering, you will be emailed a dial-in number, and unique PIN. The Conference Call will also be webcast live at https://edge.media-server.com/mmc/ p/tr4o8due. For those unable to participate in the Conference Call, the telephone replay will be archived and available until November 13, 2026. To access this rebroadcast, please visit: https://edge.media-server.com/ mmc/p/tr4o8due.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
Please note that Brookfield Corporation's previous audited annual and unaudited quarterly reports have been filed on EDGAR and SEDAR+ and can also be found in the investor section of its website at www.brookfield.com. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.
For more information, please visit our website at www.bn.brookfield.com or contact:
Media: Investor Relations: Kerrie McHugh Katie Battaglia Tel: (212) 618-3469 Tel: (416) 359-8544 Email: kerrie.mchugh@brookfield.com Email: katie.battaglia@brookfield.com
Non-IFRS and Performance Measures
This news release and accompanying financial information are based on IFRS Accounting Standards, as issued by the IASB, unless otherwise noted.
We make reference to Distributable Earnings ("DE"). We define DE as the sum of distributable earnings from our asset management business, distributable operating earnings from our wealth solutions business, distributions received from our ownership of investments, realized carried interest and disposition gains from principal investments, net of earnings from our Corporate Activities, preferred share dividends and equity-based compensation costs. We also make reference to DE before realizations, which refers to DE before realized carried interest and realized disposition gains from principal investments. We believe these measures provide insight into earnings received by the company that are available for distribution to common shareholders or to be reinvested into the business.
Realized carried interest and realized disposition gains are further described below:
-- Realized Carried Interest represents our contractual share of profits
generated within a private fund after achieving our clients' minimum
return requirements. Realized carried interest is determined on
third-party capital that is no longer subject to future investment
performance.
-- Realized Disposition Gains from Principal Investments are included in DE
because we consider the purchase and sale of assets from our directly
held investments to be a normal part of the company's business. Realized
disposition gains include gains and losses recorded in net income and
equity in the current period, and are adjusted to include fair value
changes and revaluation surplus balances recorded in prior periods which
were not included in prior period DE.
We use DE to assess our operating results and the value of Brookfield Corporation's business and believe that many shareholders and analysts also find this measure of value to them.
We may make reference to Operating Funds from Operations ("Operating FFO"). We define Operating FFO as the company's share of revenues less direct costs and interest expenses; excludes realized carried interest and disposition gains, fair value changes, depreciation and amortization and deferred income taxes; and includes our proportionate share of FFO from operating activities recorded by equity accounted investments on a fully diluted basis.
We may make reference to Net Operating Income ("NOI"), which refers to our share of the revenues from our operations less direct expenses before the impact of depreciation and amortization within our real estate business. We present this measure as we believe it is a key indicator of our ability to impact the operating performance of our properties. As NOI excludes non-recurring items and depreciation and amortization of real estate assets, it provides a performance measure that, when compared to prior periods, reflects the impact of operations from trends in occupancy rates and rental rates.
We disclose a number of financial measures in this news release that are calculated and presented using methodologies other than in accordance with IFRS. These financial measures, which include DE, should not be considered as the sole measure of our performance and should not be considered in isolation from, or as a substitute for, similar financial measures calculated in accordance with IFRS. We caution readers that these non-IFRS financial measures or other financial metrics are not standardized under IFRS and may differ from the financial measures or other financial metrics disclosed by other businesses and, as a result, may not be comparable to similar measures presented by other issuers and entities.
We provide additional information on key terms and non-IFRS measures in our filings available at www.bn.brookfield.com.
End Notes
1. Consolidated basis -- includes amounts attributable to non-controlling
interests.
2. Excludes amounts attributable to non-controlling interests.
3. See Reconciliation of Net Income to Distributable Earnings on page 6 and
Non-IFRS and Performance Measures on page 9.
4. Per share amounts have been adjusted to reflect BN's three-for-two stock
split completed on October 9, 2025.
Notice to Readers
Brookfield Corporation is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.
This news release contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, "forward-looking statements"). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management's current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Corporation and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield Corporation are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as "expect," "anticipate," "believe," "foresee," "could," "estimate, " "goal," "intend," "plan," "seek," "strive," "will," "may" and "should" and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the impact of current market or economic conditions on our business, the future state of the economy or the securities market, the anticipated allocation and deployment of our capital, our fundraising targets, our target growth objectives and the impact of acquisitions and dispositions on our business.
Although Brookfield Corporation believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vi) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (vii) the ability to appropriately manage human capital; (viii) the effect of applying future accounting changes; (ix) business competition; (x) operational and reputational risks; (xi) technological change; (xii) changes in government regulation and legislation within the countries in which we operate; (xiii) governmental investigations and sanctions; (xiv) litigation; (xv) changes in tax laws; (xvi) ability to collect amounts owed; (xvii) catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; (xviii) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of business initiatives and strategies; (xx) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxi) health, safety and environmental risks; (xxii) the maintenance of adequate insurance coverage; (xxiii) the existence of information barriers between certain businesses within our asset management operations; (xxiv) risks specific to our business segments including asset management, wealth solutions, renewable power and transition, infrastructure, private equity, real estate and corporate activities; and (xxv) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.
We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release or such other date specified herein. Except as required by law, Brookfield Corporation undertakes no obligation to publicly update or revise any forward- looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).
Target returns and growth objectives set forth in this news release are for illustrative and informational purposes only and have been presented based on various assumptions made by Brookfield Corporation in relation to the investment strategies being pursued, any of which may prove to be incorrect. There can be no assurance that targeted returns or growth objectives will be achieved. Due to various risks, uncertainties and changes (including changes in economic, operational, political or other circumstances) beyond Brookfield Corporation's control, the actual performance of the business could differ materially from the target returns and growth objectives set forth herein. In addition, industry experts may disagree with the assumptions used in presenting the target returns and growth objectives. No assurance, representation or warranty is made by any person that the target returns or growth objectives will be achieved, and undue reliance should not be put on them.
No statements contained herein with respect to tax consequences are intended to be, or should be construed to be, legal or tax advice, and no representation is made with respect to tax consequences. Shareholders are urged to consult their legal and tax advisors with respect to their circumstances.
When we speak about our wealth solutions business or Brookfield Wealth Solutions, we are referring to Brookfield's investments in this business that supported the acquisitions of its underlying operating subsidiaries.
(END) Dow Jones Newswires
November 13, 2025 06:45 ET (11:45 GMT)