Listen to an audio version of Brookfield’s Second Quarter 2026 Letter to Shareholders to learn about the firm’s progress across its Alternative Asset Management, Wealth Solutions, and operating businesses.<br>Please read this disclaimer (https://www.brookfield.com/podcast-disclaimer) before listening.

Brookfield: Q2 2026 Letter to Shareholders

Brookfield Perspectives

Letter to Shareholders, Q2 2026 The first half was strong. We finished the first half of the year with strong momentum. Our operations performed well, we advanced a number of strategic initiatives and we raised $98 billion of capital. This should make 2026 one of our best years ever. In July, shareholders approved the simplification of our capital structure.

This combines our insurance and investment capabilities, creating a stronger Brookfield and positioning us for our next phase of growth. We also completed the acquisition of the remaining interest in Oaktree, fully integrating this premier credit platform into our organization. These both represent important milestones in the evolution of our operations. We continue to execute on each of our investment strategies. We deployed $100 billion of capital

to date this year across a number of large-scale investments that will benefit from the major secular trends shaping the global economy. We also sold $40 billion of assets, crystallizing strong returns and returning capital to clients. The momentum in our business heading into the second half of the year is strong. Our $100 billion recent announcement to build one of the most advanced AI factories in Kentucky in partnership with the US government exemplifies this. Global markets are

constructive. Despite the conflict in the Middle East and the resulting energy supply constraints, the global economy held up well. Strong labor markets, consumer spending, and significant investment related to the development of AI infrastructure continue to support economic growth. Higher energy prices have added to near-term inflation and led markets to reassess the path of interest rates. While central banks are likely to remain cautious in the near term, the risk of any meaningful increases in interest rates appears to be low.

Brookfield: Q2 2026 Letter to Shareholders

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Brookfield: Q2 2026 Letter to Shareholders

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.