Brookfield Business posts Q3 profit, $1.4 bn asset‑sale proceeds and completes several acquisitions
Brookfield Business Corporation reported net income of $18 million for the quarter ended September 30, 2026, reversing a $59 million loss a year earlier. Adjusted EBITDA rose to $594 million and the company generated roughly $1.4 billion from asset sales and distributions, including a $500 million Multiplex sale and a $110 million share of a 20% La Trobe Financial sale. It also closed acquisitions of Reliance Worldwide, World Freight and Gregg Distributors and repurchased $335 million of its own shares while declaring a quarterly dividend.
Why it matters
The strong cash flow and $1.4 bn of recycling proceeds give the firm flexibility to fund growth, return capital via buybacks and dividends, and support its capital‑recycling strategy, which may appeal to income‑focused investors. The acquisitions expand its portfolio of cash‑generative businesses, potentially enhancing future earnings.
Key facts
- 1Net income attributable to shareholders was $18 million for the three months ended September 30, 2026, compared with a loss of $59 million in the same quarter of 2025. stocktitan.net
- 2Adjusted EBITDA for the quarter was $594 million, up from $575 million a year earlier. stocktitan.net
- 3The company generated approximately $1.4 billion in proceeds from asset sales and distributions during the year. brantfordexpositor.ca
- 4It sold its remaining interest in Multiplex for about $500 million in cash. stocktitan.net
- 5The partial sale of a 20% interest in La Trobe Financial is expected to provide about $110 million of proceeds. brantfordexpositor.ca
- 6Brookfield Business repurchased over $335 million of its own shares since early 2025. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.