Earnings
Partners Value Split Corp. Announces 2025 Annual Results

BN · Price
Executive Summary
- Partners Value Split Corp. reported income available for distribution of $94 million for FY 2025, up from $85 million in FY 2024, driven by higher dividend rates from Brookfield Corporation (BN) and Brookfield Asset Management (BAM).
- Net comprehensive income fell to $1.35 billion, down sharply from $2.61 billion a year earlier due to lower unrealized gains on BN and BAM holdings.
- The company continues to hold significant stakes in BN (179 M Class A shares, ~8% interest) and BAM (25 M Class A shares, ~2% interest), which fund its preferential dividend obligations.
Key Details
- Income Available for Distribution: $94 M (2025) vs. $85 M (2024).
- Dividend Income: $93.2 M (2025) vs. $83.7 M (2024).
- Other Investment Income: $1.54 M (2025) vs. $1.27 M (2024).
- Management Fees Expense: $17 K (2025) vs. $18 K (2024).
- Administrative & Other Expenses: $372 K (2025) vs. $352 K (2024).
- Distributions Paid on Senior Preferred Shares & Debentures: $(34.3 M) (2025) vs. $(31.0 M) (2024).
- Net Comprehensive Income: $1,349 M (2025) vs. $2,614 M (2024).
- Comprehensive Income per Unit: $25.44 (2025) vs. $53.64 (2024).
- Quarterly Distribution Rates (Senior Preferred Shares): Remained unchanged year‑over‑year for all listed series (e.g., Class AA Series 10 CAD 0.2938).
- Brookfield Holdings:
- BN – 179 M Class A Limited Voting shares (~8% ownership); market price $39.91 (Mar 25 2026).
- BAM – 25 M Class A Limited Voting shares (~2% ownership); market price $43.69 (Mar 25 2026).
- Net Asset Value per Unit: Calculated monthly; posted on company website.
Notable Quotes
(No direct CEO/President quotes were included in the release.)
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