SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "Partners Value Investments L.P.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cashAndCashEquivalents": 349420,
      "accountsReceivableAndOtherAssets": 52738,
      "investmentInBrookfieldCorporation": 8296073,
      "investmentInBrookfieldAssetManagementLtd": 1754193,
      "investmentInBrookfieldWealthSolutionsLtd": 562547,
      "otherInvestmentsCarriedAtFairValue": 384157,
      "totalAssets": 11399128,
      "accountsPayableAndOtherLiabilities": 41520,
      "corporateBorrowings": 215169,
      "preferredShares": 1092072,
      "deferredTaxLiabilities": 15408,
      "totalLiabilities": 1364169,
      "equityLimitedPartners": 9853949,
      "preferredLimitedPartners": 151980,
      "nonControllingInterests": 29030,
      "totalEquity": 10034959,
      "cashPerShare": 0.5007,
      "workingCapitalPerShare": 0.5168
    },
    "incomeStatement": {
      "dividends": 26631,
      "otherInvestmentIncome": 5053,
      "totalInvestmentIncome": 31684,
      "operatingExpenses": -1087,
      "financingCosts": -2558,
      "retractablePreferredShareDividends": -10939,
      "investmentValuationGain": 10223,
      "amortizationOfDeferredFinancingCosts": -958,
      "foreignCurrencyGainLoss": 2056,
      "currentTaxRecoveryExpense": 735,
      "deferredTaxExpense": -2014,
      "netIncome": 27142,
      "netIncomeAttributableToEquityLimitedPartners": 24730,
      "netIncomeAttributableToPreferredLimitedPartners": 2412,
      "basicNetIncomePerUnit": 0.04,
      "dilutedNetIncomePerUnit": 0.03,
      "weightedAverageSharesOutstanding": 697800000
    },
    "cashFlowStatement": {
      "cashFlowFromOperatingActivities": 13365,
      "cashFlowFromInvestingActivities": 42728,
      "cashFlowFromFinancingActivities": 92660,
      "changeInCash": 148753,
      "effectOfExchangeRateFluctuations": -174,
      "cashBeginningOfPeriod": 200841,
      "cashEndOfPeriod": 349420
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Investment in Brookfield Corporation (BN) - 121 million Class A Limited Voting Shares, 8% interest",
        "ownershipPercentage": 8,
        "value": 8296073,
        "notes": "Quoted market value $68.58 per share as at September 30, 2025."
      },
      {
        "type": "Equity Investment",
        "description": "Investment in Brookfield Asset Management Ltd. (BAM) - 31 million Class A Limited Voting Shares, 2% interest",
        "ownershipPercentage": 2,
        "value": 1754193,
        "notes": "Quoted market value $56.94 per share as at September 30, 2025."
      },
      {
        "type": "Equity Investment",
        "description": "Investment in Brookfield Wealth Solutions Ltd. (BWS) - 8.2 million Class A shares exchangeable into BN shares",
        "ownershipPercentage": null,
        "value": 562547,
        "notes": "BWS Class A shares are exchangeable into BN Class A shares on a one-for-one basis."
      },
      {
        "type": "Equity Investment",
        "description": "Investment in Brookfield Business Partners L.P. (BBU)",
        "ownershipPercentage": null,
        "value": 171023,
        "notes": "Held as fair value through other comprehensive income (FVTOCI)."
      },
      {
        "type": "Marketable Securities",
        "description": "Other securities portfolio (FVTOCI and FVTPL)",
        "ownershipPercentage": null,
        "value": 213134,
        "notes": "Includes various securities focused on capital preservation, primarily liquid investments."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 697537320,
      "classesOfShares": [
        "Equity LP Units",
        "Preferred LP Units",
        "General Partner Units"
      ],
      "warrants": [
        {
          "number": 27100000,
          "exercisePrice": null,
          "expiryDate": null
        }
      ],
      "options": [],
      "rightsConvertibleInstruments": "Equity LP units issuable in exchange for Partners Value Investments Inc. shares (26.1 million as at September 30, 2025)."
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Brookfield entities",
          "description": "Management and financial services",
          "amount": 1000000,
          "period": "Three and nine months ended September 30, 2025"
        },
        {
          "counterparty": "Brookfield entities",
          "description": "Dividend income",
          "amount": 26000000,
          "period": "Three months ended September 30, 2025"
        },
        {
          "counterparty": "Brookfield entities",
          "description": "Dividend income",
          "amount": 77000000,
          "period": "Nine months ended September 30, 2025"
        },
        {
          "counterparty": "Brookfield Corporation (BN)",
          "description": "Deposits placed and interest income earned",
          "amount": 291000000,
          "period": "As at September 30, 2025"
        },
        {
          "counterparty": "Brookfield Corporation (BN)",
          "description": "Interest income on deposits",
          "amount": 2000000,
          "period": "Three months ended September 30, 2025"
        },
        {
          "counterparty": "Brookfield Corporation (BN)",
          "description": "Interest income on deposits",
          "amount": 5000000,
          "period": "Nine months ended September 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-06",
        "description": "PVS redeemed all of its outstanding Class AA Preferred Shares, Series 9",
        "impactValue": 150000000
      },
      {
        "eventDate": "2025-11-13",
        "description": "PVS issued 5,000,000 Class AA Preferred shares, Series 17, at $25.00 per share",
        "impactValue": 125000000
      }
    ]
  }
]