Brookfield Asset Management Updates Non-GAAP Presentation for Partner Managers

Overview of Filing

On September 28, 2026, Brookfield Asset Management Ltd. filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) to disclose upcoming adjustments to its non-GAAP financial reporting structure.

Key Highlights

• Presentation Shift: Starting with Q3 2026 results (expected November 6, 2026), BAM will report its proportionate gross share of fee revenues and direct expenses attributable to partner managers, replacing the previous method of presenting partner managers' fee-related earnings on a net basis.
• Fee-Bearing Capital Alignment: BAM will also include Fee-Bearing Capital associated with assets for which partner managers receive servicing fees to better align capital metrics with reported fee revenues.
• Bottom-Line Impact: The revision represents a presentation change only. Total Fee-Related Earnings (FRE) and Distributable Earnings (DE) for historical and future periods are unchanged.
• Recast Data Provided: Exhibit 99.1 provides recast quarterly figures for the prior eight quarters (Q3 2024 through Q2 2026) for comparability purposes.