Brookfield Asset Management Reports 22% Revenue Growth to $1.08 Billion in Q1 2025

Brookfield Asset Management Ltd. (BAM) reported a significant increase in financial performance for the first quarter of 2025, with total revenues reaching $1.08 billion, a 22% rise from $884 million in the same period last year. The growth was primarily driven by a 23% increase in base management and advisory fees, which amounted to $837 million, up from $680 million in Q1 2024. Net income for the quarter was $507 million, compared to $373 million in the previous year, with net income attributable to common stockholders rising to $581 million from $441 million.

The company's balance sheet showed total assets of $14.97 billion as of March 31, 2025, reflecting a 6% increase from $14.16 billion at the end of 2024. This growth was largely attributed to a rise in receivables from affiliates, which increased to $3.33 billion from $2.5 billion. However, cash and cash equivalents decreased to $332 million from $404 million, primarily due to share buybacks and working capital funding. Total liabilities also rose significantly, increasing by 37% to $4.07 billion, driven by higher accounts payable and other liabilities.

Strategically, BAM completed a significant corporate arrangement on February 4, 2025, acquiring a 73% interest in Brookfield Asset Management ULC from Brookfield Corporation in exchange for newly issued Class A shares. This transaction, known as the 2025 Arrangement, has positioned BAM to fully consolidate its asset management operations. Additionally, BAM has been active in expanding its investment portfolio, including a recent agreement to acquire a 50.1% stake in Angel Oak Companies for $145 million and an increase in its ownership interest in Oaktree from approximately 73% to 74%.

Operationally, BAM reported a total of 2,400 clients, including some of the world's largest institutional investors. The company continues to leverage its extensive network and expertise to drive growth across its investment strategies, which include renewable power, infrastructure, real estate, private equity, and credit. The firm’s Fee-Bearing Capital reached $549 billion as of March 31, 2025, up from $539 billion at the end of 2024, indicating strong fundraising and capital deployment across its strategies.

Looking ahead, BAM remains optimistic about its growth trajectory, citing favorable market conditions and a robust pipeline of investment opportunities. The company anticipates continued demand for its diverse range of investment products and strategies, positioning itself to capitalize on emerging trends in the alternative asset management landscape.