Brookfield Business Corporation Reports Strong Second Quarter 2026 Results
BROOKFIELD, NEWS, July 31, 2026 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) announced today financial results for the quarter ended June 30, 2026.
“Since the start of the year, we have generated over $1.2 billion of proceeds from asset sales and distributions, including our agreement to sell Multiplex during the quarter. These transactions delivered exceptional value, strengthening our balance sheet, allowing us to invest in the growth of our business, and supporting our consistent practice of share purchases when it is attractive to do so.” said Anuj Ranjan, CEO of Brookfield Business Corporation.
“Our approach is straightforward — we buy, build and operate high-quality industrial and services businesses. Demand for these businesses is increasing, and AI is creating real opportunities to transform them faster than ever before. Combined with our operational expertise built over decades, we are well positioned to continue generating strong returns for shareholders.”
Brookfield Business Corporation reported net income attributable to Shareholders for the three months ended June 30, 2026 of $37 million ($0.18 per Class A Share), compared to income of $26 million ($0.12 per Class A Share) in the prior period.
Operating Results
Our business generated strong second quarter financial results, driven by the durability of our underlying cash flows, contribution from recent acquisitions and the continued progress of our operational value creation plans. Adjusted EBITDA was $587 million during the quarter, an approximate 5% increase over the prior year, excluding the impact of acquisitions and dispositions.
Our Industrials segment generated $323 million of Adjusted EBITDA, an increase of 6% over the prior year excluding the impact of acquisitions and dispositions. Results were supported by performance at our advanced energy storage operation which continues to benefit from ongoing commercial actions and growing demand for higher-margin advanced batteries. Underpinned by its strong cash flow generation, the business repaid $500 million of debt during the quarter, further strengthening its balance sheet as it executes on a multi-billion-dollar U.S. investment program.
Business Services segment Adjusted EBITDA was $204 million, an increase of 6% over the prior year excluding the impact of acquisitions and dispositions. Our residential mortgage insurer continued to benefit from resilient first-time homebuyer demand, while losses on claims normalized as expected.
Our Infrastructure Services segment Adjusted EBITDA was $96 million. Performance at modular building leasing services and work access services was stable during the quarter. A contract penalty at a joint venture and increased investment spend more than offset revenue growth at our lottery services operation where we are accelerating strategic initiatives to drive volume growth, expand margins and execute on a strong pipeline of new commercial opportunities.
The following table presents Adjusted EFO 4 by segment:
Capital Deployment and Recycling
We continue to invest in the future growth of our business, committing over $300 million to acquire two market-leading providers of mission-critical products and services and closing our strategic investment in The OpenAI Deployment Company during the quarter.
We also continue to advance our capital recycling initiatives, generating over $850 million in expected proceeds from asset sales and distributions during the quarter. Since the beginning of the year, we have generated over $1.2 billion of proceeds from capital recycling.
Balance Sheet and Capital Allocation
Our balance sheet is strong, and, consistent with past practice, we continue to opportunistically repurchase our own shares when it is attractive to do so.
Dividend Declaration
The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per Class A Share, payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026.
Investor Day
We look forward to hosting our Investor Day on September 29, 2026 in Toronto with presentations given by members of our senior management team.
Additional Information
The Board has reviewed and approved this news release, including the summarized unaudited interim condensed consolidated financial statements contained herein.
Brookfield Business Corporation's Supplemental Information is available on our website https://bbuc.brookfield.com under Reports & Filings.
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 listed 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.
Please note that Brookfield Business Corporation's previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbuc.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.
For more information, please contact:
Conference Call and Quarterly Earnings Webcast Details
Investors, analysts, and other interested parties can access Brookfield Business Corporation's second quarter 2026 results as well as the Supplemental Information on our website https://bbuc.brookfield.com under Reports & Filings.
The results call can be accessed via webcast on July 31, 2026 at 10:00 a.m. Eastern Time at BBU2026Q2Webcast or participants can preregister at BBU2026Q2ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbuc.brookfield.com.
Brookfield Business Corporation
Reconciliation of Non-IFRS Measure
Cautionary Statement Regarding Forward-looking Statements and Information
Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Corporation, expected future dividends, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.
Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Corporation to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation and volatility in the financial markets; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; changes to U.S. laws or policies, including changes in U.S. domestic economic policies and foreign trade policies and tariffs; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in the annual report for the year ended December 31, 2025 filed by Brookfield Business Corporation on Form 20-F.
Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.
We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
Cautionary Statement Regarding the Use of a Non-IFRS Measure
This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Corporation and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.
References to Brookfield Business Corporation are inclusive of its subsidiaries, controlled affiliates, and operating entities. Shareholders' results include class A subordinate voting shares, class B multiple voting shares, and special incentive shares. For the periods prior to the completion of the corporate reorganization on March 27, 2026, reflects amounts previously attributable to limited partnership unitholders, redemption-exchange unitholders, exchangeable shareholders, general partnership unitholders, and special limited partnership unitholders. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our interim report for the second quarter ended June 30, 2026 furnished on Form 6-K.