TORONTO — Brookfield Asset Management Ltd. reported its first-quarter profit rose compared with a year ago.
The alternative asset manager, which keeps its books in U.S. dollars, says net income attributable to the company totalled US$581 million or 36 cents US per diluted share for the quarter ended March 31.
The result was up from US$441 million or 28 cents US per diluted share a year earlier.
Revenue for the quarter totalled US$1.08 billion, up from US$884 million in the same quarter last year.
BAM says distributable earnings for the quarter amounted to US$654 million or 40 cents US per share, up from US$547 million or 34 cents US per share a year earlier.
BAM president Connor Teskey says the business continues to benefit from deep exposure to the world’s investment megatrends of artificial intelligence, energy transition and growth in private credit.
This report by The Canadian Press was first published May 6, 2025.
Companies in this story: (TSX:BAM)
The Canadian Press
