Brookfield Asset Management Ltd. 8-K
PositiveEarningsGuidance
Record fundraising and deployment drove fee earnings growth; the Bloom Energy partnership expanded.
Filed 2026-08-05 18:53 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results, with record fundraising and growth in fee-related and distributable earnings. Record capital inflows and strong deployment drove the quarter; management said it expects its “best year ever.” BAM also expanded partnerships across AI infrastructure and power.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $1.75B | $1.09B | +60.8% |
| Net income | $1.17B | $584M | +101% |
| Net income attributable to BAM | $904M | $620M | +45.8% |
| Diluted EPS attributable to BAM | $0.56 | $0.38 | +47.4% |
| Fee-related earnings (non-GAAP) | $808M | $676M | +19.5% |
| Fee-related earnings per share (non-GAAP) | $0.50 | $0.42 | +19.0% |
| Distributable earnings (non-GAAP) | $707M | $613M | +15.3% |
| Distributable earnings per share (non-GAAP) | $0.44 | $0.38 | +15.8% |
- Fundraising was a record $77B for the quarter and $98B YTD; fee-bearing capital reached $672B, up 19% Y/Y. BAM deployed $21B and monetized $11B during the quarter.
- BAM repurchased $200M of shares. Corporate liquidity was $3.1B; uncalled fund commitments were $149B, including $68B expected to generate ≈$680M of annual fees once deployed.
- BAM issued $1.0B of senior notes: $550M of five-year notes at 4.832% and $450M of ten-year notes at 5.298%. The declared quarterly dividend is $0.50 per share, payable 9/29/2026 to holders of record 8/31/2026.
- Strategic developments included completing the Oaktree acquisition in July, expanding the Bloom Energy partnership from $5B to $25B, and increasing the AI infrastructure framework with France from €20B to €30B. A separate Paducah, Kentucky AI data center campus plan is valued at $100B.
Guidance
- Management expects its “best year ever”; no quantified outlook was provided.
Investor Takeaways
- Watch fee-related earnings and fee-bearing capital in coming periods to assess whether fundraising momentum continues to translate into growth.
- BAM expects the energy-storage acquisition and air-freight-services acquisition to close later this year; their completion will be a test of execution on announced deployment plans.
- BAM’s shareholder letter is expected on 8/13/2026 and may provide further discussion of its strategy and outlook.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3