Brookfield Asset Management Ltd. (BAM) announced a revision to its non-GAAP financial reporting practices, effective with the release of its third-quarter 2026 results on November 6, 2026. The company stated that beginning with this report, it will provide additional detail regarding its partner managers by presenting BAM’s proportionate share of fee revenues and expenses, rather than reporting its share of fee-related earnings on a net basis.
The filing indicates that BAM will also revise the presentation of Fee-Bearing Capital to better align with the fee revenue profile of its partner managers. The company believes this change will enhance transparency for analysts and investors, particularly regarding the revenue and expense profile of these businesses, which have become a larger contributor to BAM’s credit business.
Brookfield provided a recast presentation of Fee Revenues and Fee-Bearing Capital to conform to the new format for the quarter ended June 30, 2026, and the prior seven quarters. This data is included as Exhibit 99.1 to the filing and is also available in Excel format on the company’s investor relations website.
The company emphasized that this presentation change is a non-GAAP adjustment and will not impact BAM’s Fee-Related Earnings or Distributable Earnings as previously reported. BAM also noted that this change will be reflected in future segment U.S. GAAP results and prior comparable periods.
