Brookfield Asset Management Ltd. (BAM) has announced its annual meeting of shareholders, to be held on May 5, 2025. The meeting aims to address critical matters including the receipt of consolidated financial statements for the fiscal year ended December 31, 2024. Additionally, shareholders will elect directors, appoint an external auditor, and consider an advisory resolution on BAM's approach to executive compensation.
In the fiscal year ended December 31, 2024, BAM reported significant changes in its financial metrics. For instance, the company's revenue rose by 15% to $87.5 billion from the previous year's $76.1 billion. Meanwhile, net income experienced a 20% increase, reaching $6.2 billion compared to $5.2 billion in the prior period.
Furthermore, BAM's operating cash flow saw a notable surge, climbing to $18.9 billion, representing a 25% year-over-year growth from the previous figure of $15.1 billion. The company's total assets also expanded by 10% to $672 billion, up from $610 billion in the preceding period.
Additionally, BAM's return on investment (ROI) increased to 12.5% from 11.8% in the prior year, demonstrating improved efficiency in capital utilization. On the other hand, the company's debt-to-equity ratio decreased to 0.85 from 0.92, showcasing a strengthened financial position with reduced reliance on debt financing.
These developments underscore the company's robust financial performance and strategic management during the fiscal year, positioning BAM for potential growth and value creation as it approaches the upcoming annual shareholder meeting. Following these announcements, the company's shares moved -6.0%, and are now trading at a price of $44.23. For the full picture, make sure to review Brookfield Asset Management's 8-K report.
