Partners Value Investments L.P. Announces Q2 2025 Interim Results

Executive Summary

• Partners Value Investments L.P. reported financial results for the six months ended June 30, 2025, including a net loss attributable to Equity Limited Partners and significant changes in net book value.
• The Partnership completed a ten-for-one unit split of its outstanding equity units on August 8, 2025; all per-unit disclosures are presented on a post-split basis.
• The Partnership holds approximately 8% of Brookfield Corporation (BN) and 2% of Brookfield Asset Management Ltd. (BAM), with total assets reaching $10.3 billion as of June 30, 2025.

Key Details

• Net Loss (Q2 2025): The Partnership recorded a net loss of $6.2 million for the quarter ended June 30, 2025, compared to a net income of $21.6 million in the prior year quarter.
• Attributable Income/Loss: A loss of $8.6 million was attributable to Equity Limited Partners, while income of $2.4 million was attributable to Preferred Limited Partners.
• Six-Month Net Income: For the six months ended June 30, 2025, the Partnership reported net income of $18.5 million (compared to $47.9 million in the prior year period).
• Dividend Income: Dividend income for the quarter was $26.2 million (vs. $23.4 million prior year); for the six-month period, it was $52.8 million (vs. $47.5 million prior year).
• Foreign Currency Impact: Unfavorable foreign currency movements contributed to the decrease in income, with a foreign currency loss of $19.8 million recorded for the six-month period (vs. a gain of $14.3 million in the prior year).
• Unit Split: A ten-for-one unit split was completed on August 8, 2025.
• Net Book Value (End of Period): The net book value per unit stood at $11.47 as of June 30, 2025, up from $10.28 at the beginning of the six-month period.
• Total Assets: Consolidated assets totaled $10.33 billion as of June 30, 2025, compared to $9.64 billion as of December 31, 2024.
• Brookfield Corporation (BN) Holdings: The Partnership holds approximately 121 million Class A Limited Voting Shares of BN (approx. 8% interest), valued at $7.48 billion as of June 30, 2025.
• Brookfield Asset Management (BAM) Holdings: The Partnership holds approximately 31 million Class A Limited Voting Shares of BAM (approx. 2% interest), valued at $1.70 billion as of June 30, 2025.
• Brookfield Wealth Solutions (BWS): The Partnership holds an investment in BWS valued at $507.4 million as of June 30, 2025.
• Liabilities: Corporate borrowings were $220.1 million as of June 30, 2025 (vs. $208.2 million at year-end 2024).
• Equity: Equity Limited Partners' equity stood at $8.88 billion as of June 30, 2025.
• Outstanding Units: Diluted Equity LP units outstanding were 785,500,170 as of June 30, 2025.