SEGMENTED INFORMATION (Tables)

6 Months Ended

Jun. 30, 2026

Disclosure of operating segments [abstract]

Summary of adjusted EBITDA and funds from operations

The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles the company's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2026:


	Attributable to the partnership						Contribution from equity-accounted investments		Attributable to non- controlling interests and other(4)		As per IFRS financials
(MILLIONS)	Hydroelectric		Wind		Solar								Corporate		Total
Revenues	$	451	$	38	$	70	$	—	$	559	$	(10)	$	527	$	1,076
Other income(3)	170		2		1		—		173		1		(63)		111
Direct operating costs	(209)		(18)		(13)		—		(240)		9		(222)		(453)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		—		—		—
	412		22		58		—		492		—		242
Management service costs	—		—		—		(45)		(45)		—		—		(45)
Interest expense(1)	(97)		(10)		(16)		—		(123)		5		(196)		(314)
Current income tax expense	(20)		(1)		(4)		—		(25)		—		(17)		(42)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—		—		—		(5)		—		(5)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		(29)		(29)
Funds From Operations	295		11		38		(45)		299		—		—
Depreciation															(301)
Foreign exchange and financial instrument loss															(13)
Deferred income tax recovery															5
Other															(34)
Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC(1)															(73)
Remeasurement of interests held in BRHC by the partnership															(407)
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares															(297)

Share of earnings from equity-accounted investments(1)															7
Net loss attributable to non-controlling interests(2)															24
Net loss attributable to the partnership(5)															$	(790)

(1)Share of earnings from equity-accounted investments in the consolidated statement of income (loss) of $2 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings from equity-accounted investments lines. Total interest expense of $387 million is comprised of Interest expense and Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC.

(2)Net loss attributable to non-controlling interests in the consolidated statement of income (loss) of $5 million is comprised of amounts found on the Share of FFO attributable to non-controlling interests and Net income (loss) attributable to non-controlling interests.

(3)Other income in FFO of $173 million, includes the company’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Foreign exchange and financial instruments gain on the consolidated statement of income (loss), iii) items recognized directly in equity in the Disposals and Ownership Changes line of the consolidated statement of changes in equity and iv) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See Note 2 - Disposal of Assets and Note 4 - Risk management and financial instruments for further details.

(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $63 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).

(5)Net income (loss) attributable to non-controlling interest and other includes net income (loss) attributable to participating non-controlling interests - in operating subsidiaries and participating non-controlling interest - in a holding subsidiary held by the partnership.

The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2025:


	Attributable to the partnership						Contribution from equity-accounted investments		Attributable to non- controlling interests(4)		As per IFRS financials
(MILLIONS)	Hydroelectric		Wind		Solar								Corporate		Total
Revenues	$	375	$	40	$	79	$	—	$	494	$	(80)	$	538	$	952
Other income(3)	4		8		—		—		12		(2)		29		39
Direct operating costs	(147)		(16)		(19)		(1)		(183)		33		(203)		(353)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		49		—		49
	232		32		60		(1)		323		—		364
Management service costs	—		—		—		(26)		(26)		—		—		(26)
Interest expense(1)	(62)		(9)		(22)		—		(93)		17		(216)		(292)
Current income tax expense	(3)		(1)		(2)		—		(6)		1		(7)		(12)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—		—		—		(18)		—		(18)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		(141)		(141)
Funds From Operations	167		22		36		(27)		198		—		—
Depreciation															(319)
Foreign exchange and financial instrument gain															(26)
Deferred income tax recovery															13
Other															(15)
Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC(1)															(133)
Remeasurement of interests held in BRHC by the partnership															(652)
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares															(624)
Share of losses from equity-accounted investments(1)															(30)
Net loss attributable to non-controlling interests(2)															178
Net loss attributable to the partnership(5)															$	(1,410)

(1)Share of earnings from equity-accounted investments in the consolidated statement of income (loss) of $1 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings from equity-accounted investments lines. Total interest expense of $425 million is comprised of Interest expense and Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC.

(2)Net loss attributable to non-controlling interests in the consolidated statement of income (loss) of $37 million is comprised of amounts found on the Share of FFO attributable to non-controlling interests and Net income (loss) attributable to non-controlling interests.

(3)Other income in FFO of $12 million, includes the company's share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Foreign exchange and financial instruments gain on the consolidated statement of income (loss), iii) items recognized directly in equity in the consolidated statement of changes in equity and iv) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). Note 4 - Risk management and financial instruments for further details.

(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $29 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).


	Attributable to the partnership								Contribution from equity-accounted investments		Attributable to non- controlling interests and other(4)		As per IFRS financials
(MILLIONS)	Hydroelectric		Wind		Solar		Corporate								Total
Revenues	$	872	$	73	$	118	$	—	$	1,063	$	(24)	$	920	$	1,959
Other income(3)	256		9		2		—		267		(21)		(88)		158
Direct operating costs	(424)		(37)		(29)		(2)		(492)		25		(401)		(868)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		20		—		20
	704		45		91		(2)		838		—		431
Management service costs	—		—		—		(91)		(91)		—		—		(91)
Interest expense(1)	(195)		(19)		(33)		—		(247)		19		(388)		(616)
Current income tax expense	(24)		(2)		(4)		—		(30)		—		(23)		(53)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—		—		—		(19)		—		(19)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		(20)		(20)
Funds From Operations	485		24		54		(93)		470		—		—
Depreciation															(595)
Foreign exchange and financial instrument loss															(83)
Deferred income tax recovery															37
Other															(48)
Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC(1)															(144)
Remeasurement of interests held in BRHC by the partnership															(1,509)
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares															(1,230)
Share of losses from equity-accounted investments(1)															(5)
Net loss attributable to non-controlling interests(2)															131
Net loss attributable to the partnership(5)															$	(2,976)

(1)Share of losses from equity-accounted investments of $4 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Total interest expense of $760 million is comprised of amounts on Interest expense and Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC.

(2)Net loss attributable to non-controlling interests in the consolidated statement of income (loss) of $111 million is comprised of amounts found on the Share of FFO attributable to non-controlling interest and Net income (loss) attributable to non-controlling interests.

(3)Other income in FFO of $267 million includes the company’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Foreign exchange and financial instruments gain on the consolidated statement of income (loss), iii) items recognized directly in equity in the Disposals and Ownership Changes line of the consolidated statement of changes in equity and iv) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See Note 2 - Disposal of Assets and Note 4 - Risk management and financial instruments for further details.

(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $88 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).


	Attributable to the partnership								Contribution from equity-accounted investments		Attributable to non- controlling interests and other(4)		As per IFRS financials
(MILLIONS)	Hydroelectric		Wind		Solar		Corporate								Total
Revenues	$	717	$	82	$	135	$	—	$	934	$	(161)	$	1,086	$	1,859
Other income(3)	9		21		6		—		36		(5)		31		62
Direct operating costs	(313)		(38)		(35)		(3)		(389)		66		(398)		(721)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		100		—		100
	413		65		106		(3)		581		—		719
Management service costs	—		—		—		(49)		(49)		—		—		(49)
Interest expense(1)	(123)		(19)		(38)		—		(180)		24		(386)		(542)
Current income tax expense	(12)		(1)		(2)		—		(15)		3		(36)		(48)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—		—		—		(27)		—		(27)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		(297)		(297)
Funds From Operations	278		45		66		(52)		337		—		—
Depreciation															(626)
Foreign exchange and financial instrument gain															(47)
Deferred income tax expense															42
Other															(32)
Dividends on BEPC exchangeable shares, class A.2 exchangeable shares and exchangeable shares of BRHC(1)															(296)
Remeasurement of interests held in BRHC by the partnership															(529)
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares															(524)
Share of losses from equity-accounted investments(1)															(74)
Net loss attributable to non-controlling interests(2)															344
Net loss attributable to the partnership(5)															$	(1,405)

Summary of segmented basis about certain items in statement of financial position

The following table presents information on a segmented basis about certain items in our company's statements of financial position and reconciles the company's proportionate results to the consolidated statements of financial position by aggregating the components comprising the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests:


	Attributable to the partnership								Contribution from equity- accounted investments		Attributable to non- controlling interests		As per IFRS financials
(MILLIONS)	Hydroelectric		Wind		Solar		Corporate								Total
As at June 30, 2026
Cash and cash equivalents	$	264	$	42	$	90	$	1	$	397	$	(29)	$	388	$	756
Property, plant and equipment	16,609		1,742		1,625		—		19,976		(927)		19,722		38,771
Total assets	20,543		1,927		1,904		427		24,801		(306)		24,176		48,671


Total liabilities	11,485		1,253		1,737		13,347		27,822		(306)		14,409		41,925

As at December 31, 2025
Cash and cash equivalents	$	283	$	46	$	67	$	1	$	397	$	(23)	$	308	$	682
Property, plant and equipment	17,058		1,722		1,603		—		20,383		(1,001)		20,317		39,699
Total assets	19,808		2,032		1,876		212		23,928		(332)		22,671		46,267


Total liabilities	11,091		1,262		1,626		10,332		24,311		(332)		13,056		37,035

Summary of Consolidated Revenue Split by Geographical Region

The following table presents consolidated revenue split by technology for the three and six months ended June 30:


	Three months ended June 30				Six months ended June 30
(MILLIONS)	2026		2025		2026		2025




Hydroelectric	$	797	$	641	$	1,434	$	1,273




Wind	110		111		217		234
Solar	169		200		308		352

Total	$	1,076	$	952	$	1,959	$	1,859

Summary of Consolidated Property, Plant and Equipment and Equity-Accounted Investments Split by Geographical Region

The following table presents consolidated property, plant and equipment and equity-accounted investments split by geographical region:


(MILLIONS)	June 30, 2026		December 31, 2025
North America	$	18,332	$	19,795
Colombia	15,871		15,375

Brazil	3,956		3,818
Europe	1,611		1,725

	$	39,770	$	40,713