GlobeNewswire·Nov 13, 2026, 7:30 PM ET

Partners Value Investments L.P. Announces Q3 2026 Interim Results

BAM BN

Partners Value Investments L.P. reported net income of $21 million for the three months ended September 30, 2026, down from $27 million in the prior year period, primarily due to foreign currency translation losses, higher preferred share dividends, higher current tax expense, & lower investment valuation gains.
Net income for the nine months ended September 30, 2026, reached $67 million, an increase from $46 million in the same period of 2025, driven by higher investment income, foreign currency translation gains, & deferred tax recovery.
Investment income totaled $39.4 million for the three months ended September 30, 2026, & $115.6 million for the nine-month period, reflecting growth in both dividends & other investment income.
Financing costs increased significantly to $4.3 million for the three months & $11.5 million for the nine months ended September 30, 2026, compared to $2.6 million & $7.5 million respectively in the prior year.
Preferred share dividends rose to $12.5 million for the quarter & $38.0 million for the nine months ended September 30, 2026, up from $10.9 million & $32.5 million in the corresponding 2025 periods.
Fully diluted net asset value (NAV) per unit decreased to $9.89 as at September 30, 2026, from $12.39 as at September 30, 2025, largely due to a $2.1 billion other comprehensive loss primarily from valuation changes.
The Partnership holds approximately 181 million shares of Brookfield Corporation (BN) & 29 million shares of Brookfield Asset Management Ltd. (BAM), representing roughly 8% & 2% interests respectively as at September 30, 2026.
Warrants outstanding as of the previous year expired on June 30, 2026, resulting in $nil consideration value as at September 30, 2026, with 76.6 million Equity LP units now issuable in exchange for Partners Value Investments Inc. shares.
Total assets stood at $9.54 billion as at September 30, 2026, with cash & cash equivalents increasing to $747.4 million from $376.5 million as at December 31, 2025.
Equity Limited Partners' equity declined to $7.77 billion as at September 30, 2026, from $9.77 billion as at December 31, 2025, reflecting the overall reduction in fully diluted NAV.

Company: Partners Value Investments L.P.
Keywords: TSX Venture Exchange:PVF.UN, Partners Value Investments L.P.