Brookfield Asset Management Reports 19% Revenue Growth to $1.09 Billion in Q2 2025

Brookfield Asset Management Ltd. (BAM) reported significant financial performance for the second quarter of 2025, with total revenues reaching $1.09 billion, a 19% increase from $916 million in the same period last year. The company's net income for the quarter was $584 million, up from $518 million in Q2 2024, translating to earnings per share of $0.38, compared to $0.31 in the prior year. For the first half of 2025, BAM's revenues totaled $2.17 billion, marking a 21% increase from $1.8 billion in the first half of 2024, while net income rose to $1.09 billion from $891 million.

The company experienced notable growth in its base management and advisory fees, which increased by 14% to $815 million in Q2 2025, driven by capital raised for new funds and increased asset valuations. Incentive fees also rose by 9% to $116 million, reflecting growth in dividends from its publicly traded vehicles. However, BAM reported unrealized carried interest allocations of negative $63 million, a decrease attributed to lower valuations in certain mature funds, particularly in real estate and private equity.

Strategically, BAM completed a significant corporate arrangement on February 4, 2025, acquiring Brookfield Asset Management ULC from Brookfield Corporation in exchange for newly issued Class A shares. This transaction has positioned BAM to fully consolidate its asset management operations, enhancing its operational efficiency. The company also announced plans to acquire a 50.1% stake in Angel Oak Companies for $145 million, expected to close in the second half of 2025, further diversifying its investment portfolio.

Operationally, BAM's assets under management (AUM) reached $1 trillion, with Fee-Bearing Capital totaling $563 billion as of June 30, 2025. The company reported strong inflows of $19.9 billion during the quarter, primarily from its renewable power and transition strategies, as well as significant contributions from its credit and private equity sectors. BAM's employee headcount has also increased, reflecting its ongoing growth and expansion efforts across various investment strategies.

Looking ahead, BAM remains optimistic about its growth trajectory, citing favorable market conditions and a strong pipeline of investment opportunities. The company anticipates continued demand for its diverse range of alternative investment strategies, particularly in renewable energy and infrastructure, as global trends shift towards sustainable investments.