Brookfield Business Partners reported a strong start to the year with its first-quarter 2025 financial results for the period ended March 31, 2025. Net income attributable to Unitholders increased to $80 million, or $0.38 per unit, compared to $48 million in the prior period. Adjusted EBITDA also grew to $591 million, up from $544 million in the first quarter of 2024.
The positive results were bolstered by contributions from the recently acquired electric heat tracing systems manufacturer, Chemelex, and $72 million in tax benefits at its advanced energy storage operation. The Industrials segment's Adjusted EBITDA rose to $304 million, while the Business Services segment saw an increase to $213 million, driven by strong performance in residential mortgage insurance and construction. The Infrastructure Services segment's Adjusted EBITDA declined to $104 million, impacted by the sale of its offshore oil services' shuttle tanker operation in January 2025.
The company continued its strategic capital allocation, generating over $1.5 billion from capital recycling initiatives and investing approximately $140 million to repurchase its units and shares. Brookfield Business Partners maintained a robust corporate liquidity position of approximately $2.4 billion at quarter-end, with a quarterly distribution of $0.0625 per unit declared.
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