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

Executive Summary

• Partners Value Investments reported a net loss of $6.2 M for the quarter ended June 30, 2025, reversing a $21.6 M profit year‑over‑year, primarily due to foreign‑currency impacts and higher prior‑year tax recoveries.
• Completed a ten‑for‑one unit split on August 8, 2025; all per‑unit figures are presented on a post‑split basis.
• Investment portfolio valued at $10.33 B, with major holdings in Brookfield Corp. (≈121 M shares) and Brookfield Asset Management Ltd. (≈31 M shares).

Key Details

• Net loss: $(6,182) K for Q2 2025 vs. $21,613 K profit in Q2 2024.
• Attributable to Equity LPs: Loss of $8.6 M; Preferred LPs earned $2.4 M.
• Unit split: Ten‑for‑one effective August 8, 2025; diluted units outstanding now 785,500,170 (down from 814,746,100).
• Investment income: Dividends $26.2 M (Q) / $52.8 M (6 mo); other investment income $6.45 M (Q) / $13.63 M (6 mo).
• Expenses: Operating $(1.05 M) Q / $(2.40 M) 6 mo; financing costs $(2.50 M) Q / $(4.92 M) 6 mo; retractable preferred share dividends $(11.57 M) Q / $(21.61 M) 6 mo.
• Other items: Foreign‑currency loss $(19.76 M) Q (gain $5.40 M prior year); current tax recovery $(2.19 M) Q.
• Net book value: End‑period $9,010 M; per unit $11.47 (post‑split).
• Cash & equivalents: $200.8 M as of June 30, 2025 (up from $157.0 M year‑end 2024).
• Major holdings valuation (June 30, 2025): Brookfield Corp. shares @ $61.85 = $7.48 B; Brookfield Asset Management shares @ $55.28 = $1.70 B.
• Preferred share portfolio: $786 M of retractable preferred shares (net of $12 M unamortized issue costs) plus $236 M of three series of preferred shares.

Notable Quotes

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