Brookfield Q1 $1.6B Earnings, Wealth Merger Plans

Brookfield Corporation reported stronger first-quarter results for fiscal 2026 on May 14, announcing distributable earnings of $1.6 billion, or 66 cents per share, for the period ended March 31. The Toronto-based global alternative asset manager also outlined plans to merge with its Brookfield Wealth Solutions unit to streamline operations and boost capital efficiency.

Net income attributable to shareholders reached $102 million, or three cents per diluted share, up from $73 million, or one cent per share, in the year-earlier quarter. Revenue climbed to $18.58 billion from $17.94 billion. Distributable earnings before realizations totaled $1.4 billion, or 59 cents per share, a seven percent increase from the prior year. Over the trailing 12 months, distributable earnings stood at $6 billion, or $2.54 per share.

Chief Executive Officer Bruce Flatt attributed the results to robust fundraising, stable cash flows from operating businesses and expansion in Wealth Solutions. "We had a strong start to the year," Flatt said, adding that the business would strengthen further as the year progresses. The firm raised $67 billion in capital year-to-date, including $21 billion in the quarter,...