Brookfield Business Corporation provides its 2026 management information circular and notice of a virtual-only annual meeting on June 18, 2026, where shareholders will elect seven directors and re-appoint Deloitte LLP as external auditor.
The circular explains detailed online voting procedures for registered and non-registered shareholders and confirms Brookfield-related holders control approximately 92% of the voting power through Class A and Class B shares. It also highlights 2025 business activity, including generating over $2 billion from capital recycling, investing $700 million in four growth acquisitions, repurchasing $235 million of shares, and receiving $1 billion of U.S. manufacturing tax credits tied to advanced energy storage operations.
Royal Bank of Canada filed an Amendment No. 4 to Schedule 13G/A reporting beneficial ownership of 487,399 Limited Partnership Units of Brookfield Business Partners LP (0.55%). The filing discloses shared voting power and shared dispositive power of 487,399 and states the position is classified as "Ownership of 5 percent or less of a class." The cover shows 03/31/2026 and the amendment is signed on 05/14/2026.
Brookfield Business Corporation reported unaudited results for the quarter ended March 31, 2026. Total revenue was $6,436 million, down from $6,749 million a year earlier, as business services revenues declined while industrials remained broadly stable. Net income was $216 million versus $256 million, with income attributable to Class A shareholders of $40 million, or $0.19 per share compared with $0.38.
Operating cash flow was strong at $765 million, supporting a rise in cash and cash equivalents to $4,524 million. Total assets reached $77,056 million, funded in part by $44,754 million of borrowings, largely non-recourse at subsidiaries. Adjusted earnings from operations (Adjusted EFO) attributable to shareholders were $279 million, led by the industrials segment. The quarter also reflects the new corporate structure following the March 27, 2026 arrangement that combined prior Brookfield Business entities into a single listed corporation.
Brookfield Business Corporation reported first quarter 2026 revenue of $6.4 billion, slightly below last year, with net income attributable to shareholders of $40 million or $0.19 per Class A share, compared with $80 million or $0.38 a year earlier.
Adjusted EBITDA was $582 million versus $591 million, but management notes about 5% underlying growth after excluding acquisitions, dispositions and tax credits. Industrials and Business Services segments each grew Adjusted EBITDA by about 7% on this basis, while Infrastructure Services declined due to prior asset sales.
The quarter featured several strategic moves: Clarios received about $1 billion in U.S. cash tax credits tied to production and critical minerals activity, with similar annual credits expected through 2030; Brookfield agreed to sell a 27% interest in La Trobe Financial, realizing a 3x multiple and over 35% IRR; it committed $500 million to The OpenAI Deployment Company; and it closed the acquisition of Fosber.
Brookfield ended the quarter with $2 billion of liquidity, including $1.9 billion of undrawn credit facilities, and has deployed about $285 million toward share repurchases since early 2025. The board declared a quarterly dividend of $0.0625 per Class A share, payable June 30, 2026.
Brookfield Business Partners L.P. filed a Form 15 to suspend its reporting obligations under Section 15(d) of the Exchange Act after completing a court-approved plan of arrangement.
Under the Arrangement completed on March 27, 2026, BBU units and Old BBUC exchangeable shares were exchanged one-for-one for class A subordinated voting shares of the Corporation; BBU filed post-effective Form F-3 amendments to deregister its securities. The Form 15 was signed on April 13, 2026.
Brookfield Business Corporation reports a Schedule 13G showing OMERS Administration Corporation beneficially owns $018,059,043 Class A Subordinate Voting Shares representing 8.72% of that class as reported on 03/27/2026.
The filing lists OMERS with sole voting power and sole dispositive power over 18,059,043 shares and identifies the holding as an employee benefit plan. The form is signed on 04/10/2026.
Brookfield Corporation and BAM Partners Trust amended their ownership filing for Brookfield Business Corp to reflect a large internal share transfer and updated voting arrangements. They report beneficial ownership of 142,749,301 Class A subordinate voting shares, or 69.0% of the 207,007,465 Class A shares outstanding as of March 31, 2026.
On April 8, 2026, a BN subsidiary transferred 32,991,863 Class A shares to a subsidiary of Brookfield Wealth Solutions Ltd. (BNT) at $30.3105 per share, for an aggregate purchase price of about $1,000,000,000, with BN receiving 18,344,438 class C non-voting BNT shares of equal value. The transfer price was based on the 5-day volume weighted average price as of April 7, 2026, net of an 8% discount. Additional Class A shares held by BNT subsidiaries are subject to a voting agreement requiring joint decisions with BN, and the reporting persons state there were no other Class A share transactions since March 31, 2026.
Brookfield Business Corporation files a multinational base shelf registration and preliminary short form prospectus to offer up to US$1,500,000,000 of Class A Subordinate Voting Shares, Class A Preferred Shares and Subscription Receipts. The shelf may be used from time to time during a 25-month period and permits secondary sales by selling shareholders.
The prospectus is part of a Form F-10 registration and incorporates specified historical financial and reserve disclosures by reference, identifies selling shareholder disclosure requirements and notes that Class A Shares trade on the NYSE and TSX under the symbol BBUC.