Record Fundraising Increases Deployable Capital to $210 Billion
Completed Acquisitions of Oaktree and Just Group While Continuing Share Repurchases
BROOKFIELD, NEWS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended June 30, 2026.
Nick Goodman, President of Brookfield Corporation, said, "Our business performed well in the second quarter, with continued momentum driving 15% growth in earnings per share. We were active through the first six months of the year--raising $98 billion of capital, deploying $100 billion into large-scale opportunities, and monetizing $40 billion of assets at attractive returns."
He added, "We also advanced several strategic initiatives. We expanded our global insurance platform through the acquisition of Just Group in the U.K., completed the acquisition of Oaktree, and shareholders approved our simplification transaction. These initiatives set us up for our next phase of growth, and with over $200 billion of deployable capital we are well positioned to invest at scale in the opportunities ahead."
Operating Results
Distributable earnings ("DE") before realizations per share increased by 15% and 7% over the prior periods.
Three Months Ended Last Twelve Months Ended
----------------- ---------------------- ---------------------------
UNAUDITED For the
periods ended
June 30 (US$
millions, except
per share
amounts) 2026 2025 2026 2025
----------------- -------- ------- -------- ---------
Net income of
consolidated
business(1) $ 703 $ 1,055 $ 3,710 $ 2,889
Net income
attributable to
Brookfield
shareholders(2) 364 272 1,428 841
Distributable
earnings before
realizations(3) 1,427 1,253 5,652 5,311
-- Per
Brookfield
share(3,4) 0.61 0.53 2.39 2.24
Distributable
earnings(3) 1,548 1,385 6,172 5,865
-- Per
Brookfield
share(3,4) 0.66 0.59 2.61 2.47
----------------- -------- ------- -------- ---------
(See endnotes on page 9.)
Total consolidated net income was $703 million for the quarter and $3.7 billion for the last twelve months. Distributable earnings before realizations were $1.4 billion ($0.61/share) for the quarter and $5.7 billion ($2.39/share) for the last twelve months.
Asset Management delivered strong results, with fee-related earnings increasing by 20% compared to the prior year quarter. Strong fundraising across our flagship and complementary strategies, together with continued growth in credit, drove record inflows of $77 billion and increased fee-bearing capital to $672 billion at quarter end.
Wealth Solutions grew earnings by 23% compared to the prior year quarter, supported by strong organic inflows, growth in net investment income, and the first full-quarter contribution from Just Group.
Our operating businesses continued to perform well, generating resilient and stable cash flows supported by contracted, inflation-linked revenues and the long-term secular trends that continue to increase demand for their essential products and services.
During the quarter and for the last twelve months, earnings from realizations were $121 million and $520 million, with total distributable earnings for the quarter and for the last twelve months of $1.5 billion ($0.66/share) and $6.2 billion ($2.61/share), respectively.
Operating Highlights
Distributable earnings before realizations were $1.4 billion ($0.61/share) for the quarter and $5.7 billion ($2.39/share) for the last twelve months, representing an increase of 15% and 7% on a per share basis over the prior periods. Total distributable earnings were $1.5 billion ($0.66/share) for the quarter and $6.2 billion ($2.61/share) for the last twelve months.
Asset Management
-- DE was $740 million ($0.31/share) in the quarter and $2.9 billion
($1.24/share) for the last twelve months.
-- Fundraising was a record $77 billion for the quarter. This reflected
broad-based demand across our strategies from our global client base,
including $5 billion from retail and wealth clients.
-- We continue to see strong demand for our flagship funds in the market.
The seventh vintage of our private equity flagship raised $7 billion, and
the sixth vintage of our infrastructure flagship raised $9 billion. Both
are on track to be the largest vintages in their respective series.
-- Fee-related earnings grew by 20% compared to the prior year quarter,
driven by a 19% increase in fee-bearing capital to $672 billion at
quarter end.
-- In July, we completed the acquisition of Oaktree, enabling us to fully
integrate one of the world's premier credit franchises into our
organization and further strengthen the scale of our global credit
platform.
Wealth Solutions
-- DE was $480 million ($0.20/share) in the quarter and $1.8 billion
($0.75/share) for the last twelve months.
-- Insurance assets increased to $191 billion, including $5 billion of
annuity sales during the quarter, and the closing of the Just Group
acquisition, which added $45 billion of insurance assets.
-- Investment performance in our North American business remained strong. We
invested over $5 billion into real asset strategies during the quarter,
and $16 billion over the last twelve months, contributing to an average
net investment income yield of 5.7% for the quarter.
-- Disciplined underwriting in our P&C business contributed to a 99%
combined ratio, lowering our effective cost of funds and supporting a
gross spread of 2.2% for the quarter in our North American business,
consistent with our objective of generating total returns of 15%+ on our
invested equity.
Operating Businesses
-- DE was $361 million ($0.15/share) in the quarter and $1.5 billion
($0.65/share) for the last twelve months.
-- Cash distributions from our operating businesses were supported by the
strong underlying fundamentals and resilient operating earnings of our
infrastructure, energy, and private equity businesses.
-- We continued to advance major partnerships, including expanding our
partnership with Bloom Energy to $25 billion for behind-the-meter fuel
cells for data centers, and a financing commitment from the U.S.
Department of Energy for $17.5 billion to acquire long-lead equipment for
large-scale Westinghouse reactors.
-- Our real estate business continued to perform well, supported by strong
operating fundamentals. During the quarter, we completed 6 million square
feet of office and retail leasing, with office net rents 19% above
expiring levels. Our super-core and core-plus portfolios ended the
quarter with over 95% occupancy, reflecting sustained tenant demand for
our high-quality, well-located assets.
Earnings from the monetization of mature assets were $121 million ($0.05/share) for the quarter and $520 million ($0.22/share) for the last twelve months.
-- Transaction activity continued to build momentum through the first half
of the year. We executed $40 billion of sales year to date, returning
capital and crystallizing strong returns for our clients.
-- Monetization activity included $10 billion in infrastructure and
$10 billion in real estate, including the sale of One Churchill Place, a
premier office tower on our estate at Canary Wharf in London, for
GBP750 million -- further demonstrating the recovery of high-quality real
estate.
-- We sold $7 billion of energy assets, monetized $9 billion of credit
investments, and sold $4 billion of private equity businesses, including
$650 million for the sale of Multiplex, our construction business.
-- With an active pipeline of monetizations, we continue to advance a number
of our funds closer to carried interest realization. Total accumulated
unrealized carried interest was $12.5 billion at quarter end, after
realizing $121 million of net carried interest into income in the quarter,
and $520 million over the last twelve months.
We ended the quarter with a record $210 billion of capital available to deploy into new investments.
-- Deployable capital includes $96 billion of cash, financial assets, and
undrawn credit lines at the Corporation, our affiliates and our wealth
solutions business, and $114 billion of uncalled private fund
commitments.
-- Our balance sheet is conservatively capitalized, with corporate debt at
the Corporation carrying a weighted-average term of 15 years and no
maturities in 2026.
-- We maintained strong access to capital markets and completed $130 billion
of financings across the franchise year-to-date. We enhanced our
liquidity position through the issuance of C$750 million of 10-year and
30-year notes at the Corporation, underscoring strong market demand and
the strength of our credit profile.
-- During the quarter, we acquired $111 million of shares in the open
market. Year-to-date, we repurchased approximately $580 million of BN
Class A shares in the open market at an average price per share of $42.
Corporate Simplification
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