(Mark one)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March31, 2026or ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ___ to ___ Commission file number: 001-41563 BROOKFIELD ASSET MANAGEMENT LTD. (Exact name of registrant as specified in its charter) (212) 417-7000(Registrant’s telephone number, including area code) Not applicable(Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 7, 2026, the registrant had 1,596,765,155Class A Limited Voting Shares and 21,280 Class B Limited Voting Shares outstanding. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1.Financial Statements8Unaudited Condensed Consolidated Financial Statements:Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20258Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20259Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 202510Condensed Consolidated Statements of Changes in Equity for the Three Months Ended March 31, 2026 and 202511Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 202512Notes to the Condensed Consolidated Financial Statements14Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations44Item 3.Quantitative and Qualitative Disclosures About Market Risk84Item 4.Controls and Procedures85PART II - OTHER INFORMATIONItem 1.Legal Proceedings85Item 1A.Risk Factors85Item 2.Unregistered Sales of Equity Securities and Use of Proceeds85Item 3.Defaults Upon Senior Securities86Item 4.Mine Safety Disclosures86Item 5.Other Information86Item 6.Exhibits and Financial Statement Schedules87SIGNATURES88 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), theSecurities Exchange Act of 1934, as amended (the “Exchange Act”), the “safe harbor” provisions of the United States Private SecuritiesLitigation Reform Act of 1995 and forward-looking information within the meaning of other relevant securities legislation, includingapplicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financialperformance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, dependupon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s currentestimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects,opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Asset Management Ltd.(“BAM”) and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year andsubsequent periods, and which are in turn based on our experience and perception of historical trends, current conditions and expected futuredevelopments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions ofBAM are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future eventsand as such, are