Partners Value Investments Reports Strong Q3 and Nine-Month Results
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TORONTO, Nov. 13, 2026 /CourierPR/ -- Partners Value Investments Inc. (PVF.PR.V, PVF.A) reported strong financial results for the third and nine months ended September 30, 2026, with net income of $564 million for the quarter and $1,316 million for the first nine months. This marked a significant improvement from the net losses of $2,188 million and $1,351 million in the corresponding periods of the previous year, respectively.
The company attributed the substantial increase in net income to remeasurement gains. For the quarter, the gains amounted to $476 million from its retractable common shares and $70 million from its exchangeable shares. These gains were offset by foreign currency translation losses of $1 million, down from gains of $15 million in the previous year.
For the nine-month period, the company saw remeasurement gains of $1,062 million, $71 million, and $109 million from its retractable common shares, exchangeable shares, and warrants, respectively. Additionally, foreign currency translation gains of $32 million contributed to the positive results. These gains were partially offset by $1,192 million, $56 million, and $136 million in remeasurement losses from the same share classes, and $24 million in foreign currency translation losses.
Adjusted Earnings, a non-IFRS measure, showed a decrease for the quarter, from $46 million in the prior year to $25 million. For the first nine months, Adjusted Earnings increased to $96 million from $55 million in the same period last year. The decrease in the quarter was attributed to foreign currency translation losses, lower valuation gains on the company's investment portfolio, higher preferred share dividends, and higher current tax expense. However, this was partially offset by higher investment income and deferred tax recovery.
As of September 30, 2026, the market prices of Brookfield Corporation (BN, NYSE/TSX: BN) and Brookfield Asset Management Ltd. (BAM, NYSE/TSX: BAM) shares were $36.46 and $44.58, respectively. These prices were lower than the $45.89 and $52.39 seen at the end of 2025.
The company's principal investments include 181 million Class A Limited Voting Shares of Brookfield Corporation and approximately 26 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., representing an 8% and 2% interest, respectively, in these companies. The investment portfolio also includes a diversified mix of marketable securities and private fund interests.
These financial results reflect the company's ongoing strategy and the performance of its significant investments in Brookfield Corporation and Brookfield Asset Management Ltd.