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Brookfield Business Partners ( ($TSE:BBU.UN) ) just unveiled an update.
Brookfield Business Partners reported its 2024 year-end financial results, highlighting a net loss of $109 million attributed to unitholders, compared to a net income of $1,405 million in the previous year. This loss was primarily due to a non-cash expense in its healthcare services operation and provisions in its construction operations. Despite the net loss, the company achieved an adjusted EBITDA of $2,565 million, an increase from the previous year, driven by strong performance in advanced energy storage and contributions from water services. The firm also completed strategic initiatives, including raising $5 billion in new debt for its energy storage operation, selling its offshore oil services shuttle tanker operation, and acquiring a 25% interest in Chemelex. As of year-end, Brookfield reported liquidity of approximately $2.7 billion, factoring in recent transactions.
More about Brookfield Business Partners
Brookfield Business Partners operates in various sectors including industrials, business services, and infrastructure services. The company engages in capital recycling initiatives to optimize its portfolio and focuses on enhancing the intrinsic value for its stakeholders.
YTD Price Performance: -8.27%
Average Trading Volume: 18,504
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.6B
Find detailed analytics on BBU.UN stock on TipRanks’ Stock Analysis page.
