TSX:BIP.UN

Brookfield Infrastructure Partners reported strong full-year 2025 results, highlighting robust capital recycling, higher earnings, and accelerating growth in data and AI-related infrastructure.

For the year ended December 31, 2025, Brookfield Infrastructure generated net income attributable to the partnership of $1.1 billion, a sharp increase from $391 million in 2024. Funds from operations (FFO) rose to $2.6 billion, or $3.32 per unit, up 6% year over year and 10% above normalized FFO. Performance was supported by strong organic growth driven by inflation indexation, higher volumes across core infrastructure assets, and the commissioning of more than $1.5 billion in new capital projects, partially offset by earnings foregone from over $3 billion of asset sales.

Segment results were led by transport with FFO of $1.14 billion, followed by utilities at $786 million and midstream at $668 million. The data segment delivered the fastest growth, with FFO surging over 50% year over year to $502 million, reflecting new investments, hyperscale data center expansions, and the full contribution of a U.S. bulk fiber network. Brookfield Infrastructure’s data platform now represents approximately 3.6 GW of development potential, positioning it for long-term growth tied to digitalization and AI infrastructure demand.

In 2025, the partnership exceeded its $3 billion capital recycling target, raising a record $3.1 billion in proceeds, while deploying $1.5 billion into new investments. Strategic activity included power generation projects for U.S. data centers under a framework agreement with Bloom Energy, the acquisition of a South Korean industrial gas business, and the purchase of a railcar leasing platform in partnership with GATX. Management expects FFO to inflect higher in 2026 as these investments fully contribute and as the growth pipeline expands further into AI-related infrastructure.

Brookfield Infrastructure also announced a 6% increase in its quarterly distribution to $0.455 per unit, payable on March 31, 2026, reflecting confidence in cash flow growth and capital recycling momentum.

Source: GlobeNewswire
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Author
The Investor 01-29-26