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Brookfield Asset Management Ltd. Q1 FY2024 results: revenue $884 million

Brookfield Asset Management Ltd. (BAM) reported revenue of $884 million for Q1 FY2024, the quarter ended 31 March 2024. Net income was $373 million. The figures are the company's own, from the 10-Q it filed with the SEC on 9 May 2025.

Revenue$884 million
Net income$373 million
Diluted EPSn/a
QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Revenue884n/an/an/a
Operating income436n/an/an/a
Operating margin49.3%n/an/a
Pre-tax income444n/an/an/a
Income tax71.0n/an/an/a
Effective tax rate16.0%n/an/a
Net income373n/an/an/a
Net margin42.2%n/an/a

$ million except per share. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Operating cash flow516n/an/an/a
Capital expenditure3.0n/an/an/a
Free cash flow513n/an/an/a
Free cash flow margin58.0%n/an/a
Depreciation and amortisation4.0n/an/an/a
Share-based compensation20.0n/an/an/a
Dividends paid620n/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Cash and equivalents9.0n/an/an/a
Shareholders' equity2,227n/an/an/a

Quarterly results, the last 10 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8849161,1171,0631,0811,0901,2521,3941,3381,753
Operating income4365836416405795337579046051,094
Operating margin49%64%57%60%54%49%60%65%45%62%
Interest expensen/a3.0n/an/an/an/an/an/an/an/a
Pre-tax income4446606338095826597709146961,334
Tax rate16%22%15%16%13%11%10%33%16%12%
Net income373124537-493507584692n/a5861,172
Net margin42%14%48%-46%47%54%55%n/a44%67%
Operating cash flow516159567-615265529745n/a338545
Capital expenditure3.01242.0n/a2.01.04.02.06.010.0
Free cash flow51335.0565n/a263528741n/a332535
Dividends paid620161620-771707702706n/a809802
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2024, filed 9 May 2025, accession 0001937926-25-000018: the filing on EDGAR. All of Brookfield Asset Management Ltd.'s filings: EDGAR company page.

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