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Edge1 May 2026
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Brookfield Business Partners
Brookfield Business Partners (BBU) investor relations material
Brookfield Business Partners Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary8 May, 2026
Executive summary
Clarios received $1 billion in cash tax credits, expected to recur annually through 2030, positioning the company for significant value growth over the next five years.
Net income attributable to shareholders was $40 million ($0.19 per share) for Q1 2026, down from $80 million ($0.38 per share) year-over-year.
A 27% stake in La Trobe Financial was sold at a 3x capital multiple, realizing $1 per share in cash and a 35%+ IRR.
Led a $500 million investment in DeployCo with OpenAI, aiming to scale enterprise AI deployment.
Completed corporate simplification, increasing trading volumes by 40% and anticipating further index demand.
Financial highlights
Adjusted EBITDA for Q1 2026 was $582 million, down from $591 million year-over-year, with margin improving to 25% from 23%.
Adjusted EFO was $279 million, compared to $345 million last year; excluding gains/losses on dispositions, Adjusted EFO rose to $263 million from $231 million.
Revenues for Q1 2026 were $2,362 million, down from $2,618 million year-over-year, mainly due to deconsolidation of healthcare services and lower construction activity.
Industrial segment Adjusted EBITDA rose to $320 million from $304 million, a 7% increase excluding M&A and tax effects.
Business services segment Adjusted EBITDA was $208 million, up 7% on a same-store basis.
Outlook and guidance
Monetization activity is expected to continue, focusing on cash-generative industrial and services businesses.
Clarios is projected to double in value over five years, driven by EBITDA growth, tax credits, and deleveraging.
Proceeds from the sale of a 27% interest in La Trobe Financial are expected to be approximately $200 million, with closing anticipated in the second half of 2026.
Investment of $150 million in DeployCo, an AI services platform, is expected to drive future growth.
BRK Ambiental's new concession in Brazil is expected to become a significant earnings contributor as it ramps up.
Clarios tax credit impact on future cash flows
OpenAI Deployment Company value creation strategy
Liquidity benefits from corporate simplification
BBUC investment in OpenAI Deployment Company
Clarios 2025 cash tax refund amount and source
La Trobe Financial valuation in April 2026 sale
Status of pending 2024 Clarios tax credits
DeployCo preferred instrument return profile
Sagen loss ratio normalization drivers
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Latest events from Brookfield Business Partners
- Plans to raise up to $1.5B in equity for global operations, with broad risk disclosures.BBU
Registration filing2 Apr 2026 - Reported $2.4B Adjusted EBITDA in 2025 and doubled NAV per unit over five years.BBUInvestor presentation27 Feb 2026
- 2025 net income rebounded, $2.4B Adjusted EBITDA, and strategic moves set up for 2026 growth.BBUQ4 20256 Feb 2026
- Record growth, capital recycling, and ambitious targets drive strong multi-year upside.BBUInvestor Day 20243 Feb 2026
- Q2 2024 delivered improved net loss, $524M EBITDA, and strong liquidity amid one-time impacts.BBUQ2 20242 Feb 2026
- Q3 2024 net income rose to $301M, with Adjusted EBITDA up 29% to $844M on IRA credits and asset sales.BBUQ3 202415 Jan 2026
- Q3 2025 featured a net loss, lower Adjusted EBITDA, major restructuring, and strong liquidity.BBUQ3 202513 Jan 2026
- Q2 2025 net income rebounded to $26M, with Adjusted EBITDA up 13% to $591M on $6.7B revenue.BBUQ2 202513 Jan 2026
- Net income and Adjusted EBITDA rose in Q1 2025, with strong liquidity and major asset sales.BBUQ1 202513 Jan 2026
Next Brookfield Business Partners earnings date
Q2 202631 Jul, 2026
Brookfield Business Partners
Next Brookfield Business Partners earnings date
Q2 202631 Jul, 2026
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