Brookfield Business Q2 profit rises on increased energy storage demand

Brookfield Business Holdings

31/07/2026 11:58

Overview
Canada-based industrial and business services operator's Q2 net income rose yr/yr
Q2 adjusted EBITDA was $587 mln, with 5% growth excluding acquisitions and dispositions
Company generated over $1.2 bln from asset sales and distributions since start of year

Outlook
Company expects to close World Freight Company acquisition in Q3 2026
Brookfield Business Corp expects Multiplex sale to close in Q4 2026
Company says available liquidity is approximately $2.8 bln after recent transactions

Result Drivers
ADVANCED ENERGY STORAGE - Industrials segment growth driven by ongoing commercial actions and increased demand for higher-margin advanced batteries
RESILIENT HOME BUYER DEMAND - Business Services segment benefited from continued demand in residential mortgage insurance, while claim losses normalized
ASSET SALES AND CAPITAL RECYCLING - Over $1.2 bln generated from asset sales and distributions since the start of the year, supporting balance sheet and investment flexibility

Company press release: ID:nGNX1pTTjT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$37 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
Wall Street's median 12-month price target for Brookfield Business Holdings Corp is $40.50, about 28.7% above its July 30 closing price of $31.46

Reuters Recommended Reads
July 30 - Brookfield Infrastructure Q2 FFO per unit rises 10%
July 29 - MGIC Investment Q2 profit falls on higher incurred losses
July 30 - Canada insurer Definity's Q2 adjusted EPS rises 15.5%, beats estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)