Berkshire Hathaway reported higher profits and record cash reserves in its final financial report before Warren Buffett steps down as chief executive. The company’s cash pile reached an unprecedented $381.7 billion, reflecting Buffett’s cautious approach to markets amid ongoing stock sales.
Between July and September, Berkshire sold more equities than it purchased for the 12th consecutive quarter. Its $283.2 billion portfolio, which includes major holdings like Apple and American Express, continued to see net sales rather than new acquisitions. Additionally, Berkshire refrained from repurchasing its own shares for the fifth straight quarter, a decision that coincides with its underperformance against the broader market.
As Buffett, now 95, prepares to retire after six decades at the helm, Vice Chairman Greg Abel, 63, is set to take over as CEO while Buffett remains chairman. Known for his hands-on management style, Abel may steer the conglomerate toward new strategic directions, including the potential introduction of Berkshire’s first dividend since 1967. The company recently announced plans to use $9.7 billion in cash to acquire Occidental Petroleum’s OxyChem division.
In the third quarter, Berkshire’s operating profit jumped 34% to $13.49 billion, up from $10.09 billion the previous year. Improved performance in its insurance and reinsurance units contributed to the increase, although Geico reported reduced underwriting gains due to higher acquisition costs. Net income, including investment gains, rose 17% to $30.8 billion. Buffett, however, has long dismissed net income as a reliable measure, citing its dependence on unrealized stock movements.
Despite strong financial results, Berkshire’s stock has underperformed since Buffett’s retirement announcement on May 3, falling 12% and trailing the S&P 500 by 32 percentage points in 2025. The company’s diversified portfolio of nearly 200 businesses spans industries from utilities and chemicals to retail and confectionery, including brands like Dairy Queen, Fruit of the Loom, and See’s Candies. Berkshire has not completed a major acquisition since 2016, when it bought Precision Castparts for $32.1 billion, followed by smaller deals like Pilot Travel Centers and Alleghany Insurance.
Navigate the trading markets and Discover a world of opportunities.
Bullwaves.global website is owned by Moonance LLC, a company incorporated in St. Vincent & the Grenadines with registration no. 2141 LLC 2022 And registered address at First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
Moonance LLC is authorized and regulated by MISA with License Number T2022122
ETX Services Limited with company registration number HE455407, a company registered in Cyprus with registered address Archiepiskopou Makariou lll 160, 3026 Limassol is appointed as Independent Representative and Distributor.
ETX Services Ltd is not the Licensed Entity in the EU but only acts as the Service entity for Equitex Capital Ltd.
Risk Disclaimer:
Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.
When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. Moonance LLC is not a financial advisor and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any Bullwaves products or services and obtain independent professional advice as necessary.
Regional Restrictions:
The information or services described on this website is not directed at or offered to residents of Belgium, Israel, Iran, Maldives, North Korea, United States, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank, Venezuela and to jurisdictions on the FATF and EU/UN sanctions lists or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support. Clients who onboarded via www.bullwaves.com can contact our support team at support@bullwaves.com.For complaints please email us at compliance@bullwaves.com