Brookfield Asset Management Ltd. 8-K

Summary

BAM is changing how it presents fee revenue, related expenses and fee-bearing capital beginning with Q3 2026 results, expected 11/06/2026. The new presentation will show BAM’s proportionate share of partner managers’ fee revenues and expenses separately instead of showing its share of their fee-related earnings net, and will include fee-bearing capital for assets on which partner managers receive servicing fees. BAM says the change improves transparency into businesses that have become a larger contributor to its credit business; it does not change previously reported Fee-Related Earnings or Distributable Earnings.

Key Figures

• Q2 2026 Fee Revenues, recast: $1.587B vs $1.494B under the prior presentation; LTM through Q2 2026: $6.144B vs $5.822B.
• Q2 2026 total Fee-Bearing Capital, recast: $695B vs $672B under the prior presentation, including Credit Fee-Bearing Capital of $349B vs $326B.
• Q2 2026 Fee-Related Earnings (non-GAAP) of $808M and Distributable Earnings (non-GAAP) of $707M are unchanged by the presentation revision.

Investor Takeaways

• BAM expects to use the revised presentation in its Q3 2026 results and in future segment U.S. GAAP results, with comparable prior periods also revised; the release is expected 11/06/2026.