Brookfield Infrastructure Partners L.p. (BIP) Financial Statements

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Brookfield Infrastructure Partners financial statements at a glance

Brookfield Infrastructure Partners reported revenue of $23.10 billion for fiscal year 2025 (ended December 31, 2025), up 9.8% from fiscal year 2024. Net income was $449.00 million, a net margin of 1.9%.

At the end of fiscal year 2025 it had total assets of $128.15 billion, total liabilities of $92.61 billion and shareholders' equity of $0, with cash and short-term investments of $2.33 billion and total debt of $69.12 billion.

Its operations brought in $5.97 billion of cash; capital spending was $6.02 billion, leaving free cash flow of -$53.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

BIP logo

Brookfield Infrastructure Partners L.p.

BIPBermuda
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
23.10B
Prev Year: 21.04B
YoY: +9.8%
Operating Revenue
23.10B
Prev Year: 21.04B
YoY: +9.8%
Other Income Expense
1.19B
Prev Year: 382.00M
YoY: +211.8%
Other Non-operating Income (expense)
1.11B
Prev Year: -31.00M
YoY: +3687.1%
Equity in Earnings of Affiliates
627.00M
Prev Year: 439.00M
YoY: +42.8%
Gain on Sale of Securities
-548.00M
Prev Year: -26.00M
YoY: -2007.7%
Total Other Finance Cost
380.00M
Prev Year: 348.00M
YoY: +9.2%
Selling General and Administrative
426.00M
Prev Year: 405.00M
YoY: +5.2%
General and Administrative Expense
426.00M
Prev Year: 405.00M
YoY: +5.2%
Other General and Administrative
426.00M
Prev Year: 405.00M
YoY: +5.2%
Cost of Revenue
16.88B
Prev Year: 15.68B
YoY: +7.7%
Gross Profit
6.22B
Prev Year: 5.36B
YoY: +16.1%
Operating Expense
426.00M
Prev Year: 405.00M
YoY: +5.2%
Operating Income
5.80B
Prev Year: 4.96B
YoY: +16.9%
Net Non Operating Interest Income Expense
-3.87B
Prev Year: -3.39B
YoY: -14.2%
Non-operating Interest Expense
3.49B
Prev Year: 3.04B
YoY: +14.8%
Pre-tax Income
3.12B
Prev Year: 1.95B
YoY: +59.8%
Provision for Income Taxes
589.00M
Prev Year: 270.00M
YoY: +118.1%
Net Income Common Stockholders
449.00M
Prev Year: 57.00M
YoY: +687.7%
Net Income
771.00M
Prev Year: 351.00M
YoY: +119.7%
Net Income Including Non-Controlling Interests
2.53B
Prev Year: 1.68B
YoY: +50.4%
Net Income from Continuing Operations
2.53B
Prev Year: 1.68B
YoY: +50.4%
Noncontrolling Interests
-1.76B
Prev Year: -1.33B
YoY: -32.2%
Diluted NI Available to Com Stockholders
449.00M
Prev Year: 57.00M
YoY: +687.7%
Total Expenses
17.30B
Prev Year: 16.08B
YoY: +7.6%
Net Income from Continuing and Discontinued Operation
771.00M
Prev Year: 351.00M
YoY: +119.7%
Total Operating Income as Reported
-
Normalized Income
1.22B
Prev Year: 373.41M
YoY: +225.5%
Interest Expense
3.49B
Prev Year: 3.04B
YoY: +14.8%
Net Interest Income
-3.87B
Prev Year: -3.39B
YoY: -14.2%
EBIT
6.61B
Prev Year: 4.99B
YoY: +32.4%
EBITDA
10.63B
Prev Year: 8.64B
YoY: +23.1%
Reconciled Cost of Revenue
16.88B
Prev Year: 15.68B
YoY: +7.7%
Reconciled Depreciation
4.02B
Prev Year: 3.64B
YoY: +10.4%
Net Income from Continuing Operation Net Minority Interest
771.00M
Prev Year: 351.00M
YoY: +119.7%
Total Unusual Items Excluding Goodwill
-548.00M
Prev Year: -26.00M
YoY: -2007.7%
Total Unusual Items
-548.00M
Prev Year: -26.00M
YoY: -2007.7%
Normalized EBITDA
11.18B
Prev Year: 8.66B
YoY: +29.1%
Tax Rate for Calcs
0.189
Prev Year: 0
Tax Effect of Unusual Items
-103.42M
Prev Year: -3.59M
YoY: -2777.2%
Preferred Stock Dividends
322.00M
Prev Year: 294.00M
YoY: +9.5%
Values in USD

Brookfield Infrastructure Partners key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$23.1B$21.0B$17.9B$14.4B$11.5B
Gross profit$6.2B$5.4B$4.5B$3.9B$3.3B
Operating income$5.8B$5.0B$4.0B$3.5B$2.9B
Net income$449.0M$57.0M$102.0M$101.0M$556.0M
Total assets$128.2B$104.6B$100.8B$73.0B$74.0B
Total liabilities$92.6B$74.7B$66.8B$47.4B$47.6B
Shareholders' equity$0$29.9B$34.0B$25.6B$26.4B
Cash and short-term investments$2.3B$2.4B$2.4B$2.3B$1.8B
Total debt$69.1B$56.4B$49.6B$33.8B$33.1B
Operating cash flow$6.0B$4.7B$4.1B$3.1B$2.8B
Capital spending$6.0B$5.0B$2.5B$2.8B$2.1B
Free cash flow-$53.0M-$322.0M$1.6B$356.0M$705.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Brookfield Infrastructure Partners's revenue in fiscal year 2025?

$23.10 billion, up 9.8% from $21.04 billion in fiscal year 2024.

How much profit does Brookfield Infrastructure Partners make?

Brookfield Infrastructure Partners reported net income of $449.00 million for fiscal year 2025 (1.9% of revenue); operating income was $5.80 billion.

How much cash and debt does Brookfield Infrastructure Partners have?

At the end of fiscal year 2025: cash and short-term investments of $2.33 billion and total debt of $69.12 billion.

What is Brookfield Infrastructure Partners's free cash flow?

-$53.00 million in fiscal year 2025 (operating cash flow of $5.97 billion minus capital spending of $6.02 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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