Brookfield Business Corporation (NYSE, TSX: BBUC) filed its 2025 annual report on Form 20-F with audited financial statements for the year ended December 31, 2025 on EDGAR and SEDAR+ and posted the documents on its investor website. Hard copies are available free upon request.
Prior to market open on March 27, 2026 the company completed a corporate simplification: outstanding partnership and exchangeable units were exchanged one-for-one for newly issued class A subordinate voting shares. The new class A shares began trading on the NYSE and TSX under the ticker BBUC on March 31, 2026. Brookfield Asset Management reports over $1 trillion of assets under management.
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Positive
Completed one-for-one corporate simplification exchange on March 27, 2026
Class A subordinate voting shares began trading as BBUC on March 31, 2026
Filed audited Form 20-F with financials for year ended December 31, 2025
Documents available on EDGAR, SEDAR+ and company investor website
Negative
None.
News Market Reaction – BBUC
-0.03%
1 alert
-0.03%Session close to close
$2.48BMarket Cap
0.0xRel. Volume
In the Mar 31 session, BBUC declined 0.03%, reflecting a mild negative market reaction.
This announcement highlights completion of Brookfield Business Corporation’s 2025 annual filings and...
Analysis
This announcement highlights completion of Brookfield Business Corporation’s 2025 annual filings and the operationalization of its corporate simplification, including a one-for-one exchange into new BBUC Class A shares that begin trading on March 31, 2026. In context of earlier updates on results, dividends and the Fosber acquisition, this step formalizes the new structure and reporting cycle. Investors may watch future filings, capital allocation updates and integration of the reorganized entity for additional clarity on long-term execution.
Key Figures
Form 20-F year-end:Year ended December 31, 2025Corporate simplification date:March 27, 2026Share exchange ratio:One-for-one+5 more
8 metrics
Form 20-F year-endYear ended December 31, 2025Audited financial statements included in 2025 annual report filing
Corporate simplification dateMarch 27, 2026Corporate simplification completed prior to market open
Share exchange ratioOne-for-oneBBU units and exchangeable shares converted into new BBUC Class A shares
Trading start dateMarch 31, 2026New BBUC Class A shares to commence trading on NYSE and TSX
Assets under managementOver $1 trillionBrookfield Asset Management’s total AUM referenced in the release
Current share price$31.61Pre-news price level for BBUC
52-week high$38.25Upper end of BBUC’s 52-week trading range
52-week low$21.5175Lower end of BBUC’s 52-week trading range
Agreement to acquire Fosber in a ~$900 million carve-out transaction.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent company updates, including results, dividends and restructuring steps, have more often seen positive price alignment, with one notable divergence on a dividend announcement.
Recent Company History
Over the last six months, Brookfield’s business has featured restructuring and capital allocation milestones. The company reported a return to profitability and substantial 2025 Adjusted EBITDA, pursued the Fosber acquisition, and advanced a corporate simplification to a single BBUC share class. Dividend communications and earnings events showed generally constructive but varied price responses. Today’s filing of the 2025 Form 20-F and confirmation of trading for the new BBUC shares continues this transition into the reorganized corporate structure.
Key Terms
form 20-f, u.s. securities and exchange commission, edgar, sedar+, +2 more
6 terms
form 20-fregulatory
"it has filed its 2025 annual report on Form 20-F, including its audited"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
u.s. securities and exchange commissionregulatory
"with the U.S. Securities and Exchange Commission (“SEC”) on EDGAR as well"
The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.
edgarregulatory
"with the U.S. Securities and Exchange Commission (“SEC”) on EDGAR as well"
EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.
sedar+regulatory
"as well as with the Canadian securities authorities on SEDAR+."
SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.
new york stock exchangefinancial
"will commence trading on the New York Stock Exchange and the Toronto"
The New York Stock Exchange is a marketplace where people buy and sell shares of publicly traded companies. It functions like a busy trading hub, helping investors transfer ownership of company parts and providing a way to gauge how well businesses are doing. Its role is vital because it offers liquidity and transparency, making it easier for investors to buy and sell investments confidently.
toronto stock exchangefinancial
"New York Stock Exchange and the Toronto Stock Exchange under the symbol"
The Toronto Stock Exchange is Canada’s largest organized marketplace where shares of publicly traded companies are bought and sold, similar to a large, regulated marketplace for company ownership. It matters to investors because it provides transparent prices, rules that help protect buyers and sellers, and access to many Canadian and international businesses, so movements there can signal economic trends and affect portfolio values.
BROOKFIELD, NEWS, March 30, 2026 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that it has filed its 2025 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission (“SEC”) on EDGAR as well as with the Canadian securities authorities on SEDAR+. These documents are also available on our website at https://bbuc.brookfield.com in the Reports & Filings section, on the SEC’s website at www.sec.gov and on SEDAR+ profile at www.sedarplus.ca. Hard copies will be provided to shareholders free of charge upon request.
Prior to markets open on March 27, 2026, Brookfield Business Partners completed its previously announced corporate simplification. All outstanding limited partnership units, class A exchangeable subordinate voting shares and redemption-exchange units held by Brookfield were exchanged for newly issued class A subordinate voting shares of a new Canadian corporation named Brookfield Business Corporation on a one-for-one basis.
The newly issued class A shares of Brookfield Business Corporation will commence trading on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “BBUC” on March 31, 2026.
Brookfield Business Corporation (NYSE, TSX: BBUC) is a global owner and operator of vital industrial and business services operations. Our objective is to acquire market-leading businesses for value, execute our operational improvement plans to increase cash flows and recycle capital to compound long-term growth. For more information, please visit https://bbuc.brookfield.com.
Brookfield Business Corporation is the flagship vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.
For more information, please contact:
Media: Marie Fuller Tel: +44 207 408 8375 Email: marie.fuller@brookfield.com
Investors: Alan Fleming Tel: +1 (416) 645 2736 Email: alan.fleming@brookfield.com
FAQ
When did BBUC complete its corporate simplification and what was exchanged?
The corporate simplification was completed prior to market open on March 27, 2026 with outstanding limited partnership units, class A exchangeable subordinate voting shares and redemption-exchange units exchanged one-for-one for newly issued class A subordinate voting shares, according to the company.
When did Brookfield Business Corporation (BBUC) start trading on NYSE and TSX?
BBUC commenced trading on the New York Stock Exchange and Toronto Stock Exchange on March 31, 2026, under the ticker BBUC. According to the company, the newly issued class A subordinate voting shares began trading that day following the March 27, 2026 simplification.
What filings did BBUC submit for the 2025 fiscal year and where are they available?
Brookfield Business Corporation filed its 2025 annual report on Form 20-F with audited financial statements for the year ended December 31, 2025. According to the company, documents are available on EDGAR, SEDAR+ and the company's investor website, with hard copies upon request.
How does the one-for-one exchange affect existing Brookfield Business Partners unit holders?
Existing limited partnership units and exchangeable subordinate voting shares were converted one-for-one into class A subordinate voting shares, preserving proportional ownership. According to the company, the exchange was part of the corporate simplification completed before markets opened March 27, 2026.
Where can investors obtain hard copies of BBUC’s 2025 annual report and whom can they contact?
Hard copies of the 2025 annual report are available free of charge upon request from the company. According to the company, media and investor contacts are listed in the report, including telephone and email details for requests.
