Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 128

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 128
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  Net income (loss)                                                                           $                              895      $         3,777      $           240  
  Net income (loss) attributable to limited partners                                          $                             (37)      $           482      $            36  
  Net income (loss) attributable to redemption-exchange units held by Brookfield Holders      (35)                                    451                  34               
  Net income (loss) attributable to special limited partner                                   —                                       —                    —                
  Net income (loss) attributable to BBUC exchangeable shares                                  (37)                                    472                  28               
  Net income (loss) attributable to Unitholders                                               $                            (109)      $         1,405      $            98  
  Adjusted EBITDA                                                                             $                            2,565      $         2,491      $         2,254  

The following table presents Adjusted EFO by segment for the years ended December 31, 2024, 2023 and 2022:

                               Year ended December 31,                                   
                                                  2024       2023                  2022  
 ─────────────────────────────────────────────────────────────────────────────────────────
  Business services                                  $          $        636          $  
  Infrastructure services                          287                 2,070        513  
  Industrials                                      935        492                   473  
  Corporate and other                            (331)      (335)                 (178)  

Comparison of the years ended December 31, 2024 and December 31, 2023

Net loss attributable to Unitholders for the year ended December 31, 2024 was $109 million, representing a decrease of $1,514 million compared to net income attributable to Unitholders of $1,405 million for the year ended December 31, 2023. Net loss attributable to Unitholders includes an impairment expense recorded at our healthcare services operation, combined with provisions at our construction operation. Prior year included net gains primarily related to the sale of our nuclear technology services operation.

Adjusted EBITDA for the year ended December 31, 2024 was $2,565 million, representing an increase of $74 million compared to $2,491 million for the year ended December 31, 2023, reflecting improved performance of operations and tax benefits recorded at our advanced energy storage operation. Prior year included contributions from