EARNINGS PER UNIT

9 Months Ended

Sep. 30, 2025

The computation of net income per Class A unit is set forth below:


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
	(in thousands, except per unit amounts)
Net income per Class A unit (basic and diluted):
Net income attributable to BOH Class A unitholders	$	59,704	$	36,762	$	62,610	$	151,522
Weighted average number of Class A units outstanding (basic and diluted)	118,832		112,694		117,968		110,091
Basic and diluted net income (net of tax) per Class A unit	$	0.50	$	0.33	$	0.53	$	1.38

OCGH units are not exchangeable into Class A units. As the restrictions set forth in the then-current exchange agreement were in place for each applicable reporting period, OCGH units were not included in the computation of diluted earnings per unit for the three and nine months ended September 30, 2025 and 2024.

As a result of the 2024 Restructuring, earnings attributable to Oaktree Capital I are reflected in

the Company's investment income for periods beginning in the third quarter of 2024.

Brookfield Oaktree Holdings, LLC 10-Q