Brookfield Business Corp-A 2025年年度报告和过渡报告

(MarkOne) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSIONFORM20-F ☐REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)or(g)OFTHESECURITIESEXCHANGEACTOF1934 OR ☐ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2024 OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 OR ☐SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Commissionfilenumber:001-41313 BrookfieldBusinessCorporation (ExactnameofRegistrantasspecifiedinitscharter) N/A (TranslationofRegistrant’snameintoEnglish) BritishColumbia,Canada (Jurisdictionofincorporationororganization) 250VeseyStreet,15thFloorNewYork,NY10281 UnitedStates (Addressofprincipalexecutiveoffices) A.J.Silber 250VeseyStreet,15thFloorNewYork,NY10281 UnitedStatesTel:(212)417-7000 (Name,Telephone,Emailand/orFacsimilenumberandAddressofCompanyContactPerson) SecuritiesregisteredortoberegisteredpursuanttoSection12(b)oftheAct. Nameofeachexchangeonwhich TitleofeachclassTradingSymbols ClassAExchangeableSubordinateVoting registered SharesBBUCNewYorkStockExchange SecuritiesregisteredortoberegisteredpursuanttoSection12(g)oftheAct. None SecuritiesforwhichthereisareportingobligationpursuanttoSection15(d)oftheAct. None Indicatethenumberofoutstandingsharesofeachoftheissuer’sclassesofcapitalorcommonstockasofthecloseoftheperiodcoveredbytheannualreport: 72,954,446ClassAExchangeableSubordinateVotingSharesasofDecember31,2024OneClassBMultipleVotingShareasofDecember31,2024 25,934,120ClassCNon-VotingSharesasofDecember31,2024 Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes☐ Noý Ifthisreportisanannualortransitionreport,indicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934.Yes☐No☐ Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☐No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitandpostsuchfiles).Yes☐No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,oranemerginggrowthcompany.Seedefinitionsof“acceleratedfiler”,“largeacceleratedfiler,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct.(Checkone): Largeacceleratedfiler☐Acceleratedfiler☐Non-acceleratedfiler☐ Emerginggrowthcompany☐ IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.o Theterm“neworrevisedfinancialaccountingstandard”referstoanyupdateissuedbytheFinancialAccountingStandardsBoardtoitsAccountingStandardsCodificationafterApril5,2012. Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.ý IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).☐ Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling: oU.S.GAAPýInternationalFinancialReportingStandardsasissuedbytheInternationalAccountingStandardsBoard oOther If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow.Item17oItem18o Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes☐No☐ TableofContents Page INTRODUCTIONANDUSEOFCERTAINTERMS1 SPECIALNOTEREGARDINGFORWARD-LOOKINGSTATEMENTS6 PARTI9 ITEM1.IDENTITYOFDIRECTORS,SENIORMANAGEMENTANDADVISERS9 ITEM2.OFFERSTATISTICSANDEXPECTEDTIMETABLE9 ITEM3.KEYINFORMATION9 3.A.RESERVED9 3.B.CAPITALIZATIONANDINDEBTEDNESS9 3.C.REASONSFORTHEOFFERANDUSEOFPROCEEDS9 3.D.RISKFACTORS9 ITEM4.INFORMATIONONTHECOMPANY40 4.A.HISTORYANDDEVELOPMENTOFTHECOMPANY40 4.B.BUSINESSOVERVIEW41 4.C.ORGANIZATIONALSTRUCTURE47 4.D.PROPERTY,PLANTSANDEQUIPMENT49 ITEM4A.UNRESOLVEDSTAFFCOMMENTS49 ITEM5.OPERATINGANDFINANCIALREVIEWANDPROSPECTS49 5.A.OPERATINGRESULTS49 5.B.LIQUIDITYA