Quarterly ResultMay 8, 2026, 06:48 AM
Brookfield Business Q1 Net Income $40M; Clarios $1B Tax Credits; La Trobe Sale 3x ROI
AI Summary
Brookfield Business Corporation reported Q1 2026 net income of $40 million ($0.19 per Class A Share) and Adjusted EBITDA of $582 million. The quarter was marked by significant strategic achievements, including Clarios receiving $1 billion in cash tax credits, with similar amounts expected annually. The company also successfully sold a 27% interest in La Trobe Financial, generating a 3x multiple on its original investment, and committed $500 million to The OpenAI Deployment Company. The corporate simplification was completed, enhancing share liquidity.
Key Highlights
- Clarios received $1 billion in cash tax credits for fiscal 2025, with similar amounts expected annually.
- Sold 27% interest in La Trobe Financial, generating a 3x multiple on original investment and over 35% IRR.
- Committed $500 million with partners to The OpenAI Deployment Company for enterprise AI deployment.
- Q1 2026 Net income attributable to Shareholders was $40 million ($0.19 per Class A Share).
- Adjusted EBITDA for Q1 2026 was $582 million, compared to $591 million in Q1 2025.
- Industrials segment Adjusted EBITDA was $320 million, up 7% (excluding impacts).
- Business Services segment Adjusted EBITDA was $208 million, up 7% (excluding impacts).
- Declared a quarterly dividend of $0.0625 per Class A Share.