Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 129

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 129
---
 our nuclear technology services operation and other disposed operations.

Comparison of the years ended December 31, 2023 and December 31, 2022

Net income attributable to Unitholders for the year ended December 31, 2023 was $1,405 million, representing an increase of $1,307 million compared to a net income attributable to Unitholders of $98 million for the year ended December 31, 2022. Results for the year ended December 31, 2023 included net gains primarily related to the sale of our nuclear technology services operation.

Adjusted EBITDA for the year ended December 31, 2023 was $2,491 million, representing an increase of $237 million compared to $2,254 million for the year ended December 31, 2022 as a result of increased contribution from our business services segment, improved performance of operations and contribution from recent acquisitions.

The tables below provide each segment’s results in the format that the CODM organizes its reporting segments to make resource allocation decisions and assess performance. Each segment is presented taking into account the partnership’s economic ownership interest in operations accounted for using the consolidation and equity methods under IFRS. See “ Reconciliation of Non-IFRS Measures” for additional discussion, including a reconciliation to the partnership’s IFRS consolidated statements of operating results.

  Brookfield Business Partners      85  

Business services

The following table presents Adjusted EFO and Adjusted EBITDA for our business services segment for the years ended December 31, 2024, 2023 and 2022:

                       Year ended December 31,                                                 
  (US$ MILLIONS)       2024                                  2023               2022           
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Adjusted EFO         $                            641      $         636      $         427  
  Adjusted EBITDA      $                            832      $         900      $         641  

The following table presents equity attributable to Unitholders for our business services segment as at December 31, 2024, 2023 and 2022:

  (US$ MILLIONS)                                     2024                  2023                  2022              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total assets                                       $         31,583      $         38,066      $         37,939  
  Total