Northwire Canada EditionSaturday, October 17, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings

Partners Value Investments Inc. Announces 2025 Annual Results

BN · Price

Executive Summary

  • Partners Value Investments Inc. reported a net loss of $1.418 billion for 2025, an improvement from the $3.788 billion loss in 2024.
  • Adjusted Earnings (non‑IFRS) fell to $66 million, down from $122 million the prior year, driven by foreign‑currency effects and higher preferred‑share dividends.
  • The company’s investment portfolio grew, with Brookfield Corporation holdings valued at $8.33 billion and Brookfield Asset Management holdings at $1.35 billion as of 31 Dec 2025.

Key Details

  • Net loss (2025): $(1,418,790) k
  • Net loss (2024): $(3,787,773) k
  • Adjusted Earnings (2025): $66,117 k
  • Adjusted Earnings (2024): $122,420 k

Income & Expenses

  • Dividends received: $117,521 k (2025) vs. $108,428 k (2024)
  • Other investment income: $27,715 k (2025) vs. $18,607 k (2024)
  • Operating expenses: $(3,677) k (2025) vs. $(5,553) k (2024)
  • Financing costs: $(40,403) k (2025) vs. $(38,777) k (2024)
  • Preferred‑share dividends: $(37,134) k (2025) vs. $(33,399) k (2024)

Remeasurement Gains/Losses

  • Retractable common share loss: $(1,255,025) k (2025) vs. $(3,575,080) k (2024)
  • Exchangeable share loss: $(60,527) k (2025); none reported 2024
  • Warrant liability loss: $(138,812) k (2025) vs. $(306,473) k (2024)

Investment Portfolio (as of 31 Dec 2025)

  • Cash & cash equivalents: $376,523 k (up from $156,952 k)
  • Brookfield Corporation (BN) shares: 181 M Class A Limited Voting Shares; market value $45.89 per share → approx. $8.33 billion
  • Brookfield Asset Management Ltd. (BAM) shares: 26 M Class A Limited Voting Shares; market value $52.39 per share → approx. $1.35 billion
  • Other investments (Wealth Solutions, private funds, etc.) total ~$2.27 billion

Balance Sheet Highlights

  • Total assets: $11.522 billion (2025) vs. $9.987 billion (2024)
  • Total liabilities & equity: $10.464 billion (2025) vs. $8.769 billion (2024)
  • Preferred‑share liability: $878,865 k (2025) vs. $703,044 k (2024)
  • Retractable common share liability: $8,329,436 k (2025) vs. $7,312,467 k (2024)

Market Price Snapshot

  • BN share price: $45.89 (31 Dec 2025) → $39.91 (25 Mar 2026)
  • BAM share price: $52.39 (31 Dec 2025) → $43.69 (25 Mar 2026)

Reconciliation of Adjusted Earnings

  • Net loss: $(1,418,790) k
  • Add back remeasurement gains/losses and dividends paid on retractable shares → Adjusted Earnings $66,117 k

Notable Quotes

(No direct CEO/President quotes were included in the release.)

Read the original news release →

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