Brookfield Renewable operations are segmented by – 1) hydroelectric, 2) wind, 3) utility-scale solar, 4) distributed energy and storage (distributed generation, pumped storage and battery energy storage systems), 5) sustainable solutions (nuclear services, renewable natural gas, carbon capture and storage, recycling, cogeneration, eFuels and power transformation), and 6) corporate - with hydroelectric further segmented by geography (i.e., North America, Colombia, and Brazil). This best reflects the way in which the CODM reviews results of Brookfield Renewable.

Reporting to the CODM on the measures utilized to assess performance and allocate resources is provided on a proportionate basis. Information on a proportionate basis reflects Brookfield Renewable’s share from facilities which it accounts for using consolidation and the equity method whereby Brookfield Renewable either controls or exercises significant influence or joint control over the investment, respectively. Proportionate information provides a Unitholder

(holders of the GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares, class A.2 exchangeable shares and LP units) perspective that the CODM considers important when performing internal analyses and making strategic and operating decisions. The CODM also believes that providing proportionate information helps investors understand the impacts of decisions made by management and financial results allocable to Brookfield Renewable’s Unitholders.

Proportionate financial information is not, and is not intended to be, presented in accordance with IFRS. Tables reconciling IFRS data with data presented on a proportionate consolidation basis have been disclosed. Segment revenues, other income, direct operating costs, interest expense, current income taxes, and other are items that will differ from results presented in accordance with IFRS as these items (1) include Brookfield Renewable’s proportionate share of earnings from equity-accounted investments and its financial asset in nuclear services, which is recognized as an equity-accounted investment by Brookfield, attributable to each of the above-noted items, (2) exclude the proportionate share of earnings (loss) of consolidated investments not held by us apportioned to each of the above-noted items, and (3) other income includes items that are considered within Brookfield Renewable’s measure of return on invested capital, including but not limited to our proportionate share of settled foreign currency and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains on non-core assets and on recently developed assets that we have monetized to reflect the economic value created from our development activities as we design, build and commercialize new renewable energy capacity and sell these assets to lower cost of capital buyers which may not otherwise be reflected in our consolidated statements of income.

Brookfield Renewable does not control those entities that have not been consolidated and as such, have been presented as equity-accounted investments in its consolidated financial statements. The presentation of the assets and liabilities and revenues and expenses does not represent Brookfield Renewable’s legal claim to such items, and the removal of financial statement amounts that are attributable to non-controlling interests does not extinguish Brookfield Renewable’s legal claims or exposures to such items.

Brookfield Renewable uses Funds From Operations (“FFO”) to assess the performance of Brookfield Renewable before the effects of certain cash items (e.g., acquisition costs and other typical non-recurring cash items) and certain non-cash items (e.g., deferred income taxes, depreciation, non-cash portion of non-controlling interests, unrealized gain or loss on financial instruments, non-cash gain or loss from equity-accounted investments, and other non-cash items) as these are not reflective of the performance of the underlying business, and including monetization of tax attributes at certain development projects. Brookfield Renewable includes realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term within FFO in order to provide additional insight regarding the performance of investments on a cumulative realized basis, including any unrealized fair value adjustments that were recorded in equity and not otherwise reflected in current period net income.

The accounting policies of the reportable segments are the same as those described in Note 1 – Basis of preparation and material accounting policy information. Brookfield Renewable analyzes the performance of its operating segments based on FFO. FFO is not a generally accepted accounting measure under IFRS and therefore may differ from definitions of FFO used by other entities, as well as the definition of funds from operations used by the Real Property Association of Canada (“REALPAC”) and the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”).

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 Brookfield Renewable's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable'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 Unitholders																						Contribution from equity-accounted investments(5)		Attributable to non-controlling interests and other(4)		As per IFRS financials
	Hydroelectric						Wind			Utility-scale solar			Distributed energy & storage			Sustainable solutions			Corporate			Total
(MILLIONS)	North America		Brazil		Colombia
Revenues	$	329	$	55	$	159		$	141		$	137		$	44		$	153		$	—		$	1,018	$	(221)	$	913	$	1,710
Other income(3)	170		3		2			9			52			23			22			13			294		(28)		(20)		246
Direct operating costs	(142)		(20)		(68)			(62)			(33)			(20)			(123)			(13)			(481)		136		(438)		(783)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—			—			—			—			—			—			—		113		—		113
	357		38		93			88			156			47			52			—			831		—		455
Management service costs	—		—		—			—			—			—			—			(77)			(77)		—		—		(77)
Interest expense	(66)		(1)		(65)			(36)			(32)			(6)			(6)			(62)			(274)		19		(403)		(658)
Current income tax	(12)		(2)		(6)			(2)			(8)			(1)			(2)			—			(33)		1		78		46
Distributions attributable to
Preferred limited partners equity	—		—		—			—			—			—			—			(8)			(8)		—		—		(8)
Preferred equity	—		—		—			—			—			—			—			(8)			(8)		—		—		(8)
Perpetual subordinated notes	—		—		—			—			—			—			—			(10)			(10)		—		—		(10)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—			—			—			—			—			—			—		(20)		—		(20)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—			—			—			—			—			—			—		—		(130)		(130)
Funds From Operations	279		35		22			50			116			40			44			(165)			421		—		—
Depreciation																													(558)
Foreign exchange and financial instrument gain																													4
Deferred income tax recovery																													(41)
Other																													(221)
Share of losses from equity-accounted investments(1)																													(48)
Net loss attributable to non-controlling interests(2)																													230
Net loss attributable to Unitholders(6)																													$	(213)

(3)Other income in FFO of $294 million, includes the Partnership’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) Current income taxes and 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.

(6)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.


	Attributable to Unitholders																	Contribution from equity-accounted investments			Attributable to non- controlling interests and other(4)			As per IFRS financials
	Hydroelectric						Wind	Utility-scale solar		Distributed energy & storage		Sustainable solutions		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia
Revenues	$	344	$	52	$	61		$	146	$	126	$	67	$	178	$	—		$	974		$	(269)		$	987	$	1,692
Other income(3)	4		2		1			38		49		11		21		7			133			(68)			(3)		62
Direct operating costs	(121)		(17)		(25)			(58)		(40)		(21)		(114)		(11)			(407)			150			(442)		(699)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—			—		—		—		—		—			—			187			4		191
	227		37		37			126		135		57		85		(4)			700			—			546
Management service costs	—		—		—			—		—		—		—		(56)			(56)			—			—		(56)
Interest expense	(68)		(3)		(22)			(41)		(33)		(13)		(8)		(50)			(238)			24			(410)		(624)
Current income tax	(1)		(1)		(1)			(1)		(2)		—		(3)		—			(9)			3			22		16
Distributions attributable to
Preferred limited partners equity	—		—		—			—		—		—		—		(9)			(9)			—			—		(9)
Preferred equity	—		—		—			—		—		—		—		(7)			(7)			—			—		(7)
Perpetual subordinated notes	—		—		—			—		—		—		—		(10)			(10)			—			—		(10)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—			—		—		—		—		—			—			(27)			(4)		(31)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—			—		—		—		—		—			—			—			(154)		(154)
Funds From Operations	158		33		14			84		100		44		74		(136)			371			—			—
Depreciation																											(609)
Foreign exchange and financial instrument gain																											255
Deferred income tax expense																											181
Other																											(61)
Share of losses from equity-accounted investments(1)																											(217)
Net income attributable to non-controlling interests(2)																											(32)
Net loss attributable to Unitholders(5)																											$	(112)

(3)Other income in FFO of $133 million, includes the Partnership’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) Current income taxes and Foreign exchange and financial instrument gain on the consolidated statement of income (loss), and iii) 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 See Note 4 - Risk management and financial instruments for further details.

(5)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.


	Attributable to Unitholders																		Contribution from equity-accounted investments(5)		Attributable to non- controlling interests and other(4)		As per IFRS financials
	Hydroelectric						Wind		Utility-scale solar		Distributed generation & storage		Sustainable solutions		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia
Revenues	$	630	$	121	$	277	$	301	$	234	$	88	$	306	$	—	$	1,957	$	(468)	$	1,735	$	3,224
Other income(3)	247		5		2		75		150		41		39		43		602		(63)		(155)		384
Direct operating costs	(299)		(37)		(117)		(125)		(71)		(45)		(252)		(26)		(972)		294		(884)		(1,562)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		—		—		—		—		237		—		237
	578		89		162		251		313		84		93		17		1,587		—		696
Management service costs	—		—		—		—		—		—		—		(150)		(150)		—		—		(150)
Interest expense	(136)		(3)		(120)		(75)		(65)		(15)		(16)		(119)		(549)		41		(789)		(1,297)
Current income tax expense	(12)		(5)		(7)		(7)		(6)		(1)		(3)		—		(41)		5		70		34
Distributions attributable to
Preferred limited partners equity	—		—		—		—		—		—		—		(15)		(15)		—		—		(15)
Preferred equity	—		—		—		—		—		—		—		(16)		(16)		—		—		(16)
Perpetual subordinated notes	—		—		—		—		—		—		—		(20)		(20)		—		—		(20)
Share of interest and cash taxes from equity-accounted investments(1)	—		—		—		—		—		—		—		—		—		(46)		—		(46)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		—		—		—		—		23		23
Funds From Operations	430		81		35		169		242		68		74		(303)		796		—		—
Depreciation																							(1,106)
Foreign exchange and financial instrument gain																							224
Deferred income tax recovery																							6
Other																							(405)
Share of losses from equity-accounted investments(1)																							(125)
Net loss attributable to non-controlling interests(2)																							168
Net loss attributable to Unitholders(6)																							$	(442)

(3)Other income in FFO of $602 million, includes the Partnership’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) Current income taxes and 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.


	Attributable to Unitholders																		Contribution from equity-accounted investments		Attributable to non- controlling interests and other(4)		As per IFRS financials
	Hydroelectric						Wind		Utility-scale solar		Distributed energy & storage		Sustainable solutions		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia
Revenues	$	632	$	100	$	138	$	311	$	222	$	120	$	308	$	—	$	1,831	$	(491)	$	1,932	$	3,272
Other income(3)	23		5		1		65		79		104		27		14		318		(98)		12		232
Direct operating costs	(256)		(32)		(49)		(121)		(71)		(45)		(228)		(22)		(824)		293		(843)		(1,374)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)	—		—		—		—		—		—		—		—		—		296		10		306
	399		73		90		255		230		179		107		(8)		1,325		—		1,111
Management service costs	—		—		—		—		—		—		—		(105)		(105)		—		—		(105)
Interest expense	(135)		(6)		(39)		(80)		(63)		(20)		(16)		(94)		(453)		45		(825)		(1,233)
Current income tax expense (recovery)	(3)		(4)		(7)		(5)		(4)		(1)		(5)		(1)		(30)		9		78		57
Distributions attributable to
Preferred limited partners equity	—		—		—		—		—		—		—		(17)		(17)		—		—		(17)
Preferred equity	—		—		—		—		—		—		—		(14)		(14)		—		—		(14)
Perpetual subordinated notes	—		—		—		—		—		—		—		(20)		(20)		—		—		(20)
Share of interest and cash taxes from equity-accounted investments	—		—		—		—		—		—		—		—		—		(54)		(10)		(64)
Share of Funds From Operations attributable to non-controlling interests(2)	—		—		—		—		—		—		—		—		—		—		(354)		(354)
Funds From Operations	261		63		44		170		163		158		86		(259)		686		—		—
Depreciation																							(1,192)
Foreign exchange and financial instrument gain																							504
Deferred income tax expense																							226
Other																							(322)
Share of losses from equity-accounted investments(1)																							(315)
Net income attributable to non-controlling interests(2)																							104
Net loss attributable to Unitholders(5)																							$	(309)

(3)Other income in FFO of $318 million, includes the Partnership’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) Current income taxes and Foreign exchange and financial instrument gain on the consolidated statement of income (loss), and iii) 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 See Note 5 - Risk management and financial instruments for further details.

The following table provides information on each segment's statement of financial position in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of financial position by aggregating the components comprising from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests:


	Attributable to Unitholders															Contribution from equity-accounted investments		Attributable to non- controlling interests		As per IFRS financials
	Hydroelectric						Wind	Utility-scale solar		Distributed energy & storage		Sustainable solutions		Corporate								Total
(MILLIONS)	North America		Brazil		Colombia
As at June 30, 2026
Cash and cash equivalents	$	123	$	71	$	88		$	258	$	191	$	83	$	49	$	8	$	871	$	(116)		$	1,216	$	1,971
Property, plant and equipment	14,424		1,472		5,939			5,487		3,919		1,898		299		—		33,438		(2,487)			38,665		69,616
Total assets	15,776		1,748		6,934			7,437		5,505		2,578		2,504		182		42,664		(2,115)			56,196		96,745

Total liabilities	10,110		513		4,465			5,169		4,123		1,322		285		6,046		32,033		(2,115)			30,979		60,897


As at December 31, 2025
Cash and cash equivalents	$	200	$	46	$	19		$	268	$	169	$	136	$	40	$	85	$	963	$	(141)		$	1,271	$	2,093
Property, plant and equipment	15,227		1,428		5,765			5,464		3,684		1,700		326		—		33,594		(2,503)			39,365		70,456
Total assets	16,492		1,687		6,305			7,545		6,041		2,576		1,801		169		42,616		(2,056)			58,141		98,701

Total liabilities	10,035		520		4,075			5,811		4,264		1,833		311		4,941		31,790		(2,056)			33,993		63,727