{"id":271966,"date":"2025-08-08T14:27:00","date_gmt":"2025-08-05T21:05:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-parkland-reports-2025-second-quarter-results\/"},"modified":"2025-08-08T14:30:02","modified_gmt":"2025-08-08T18:30:02","slug":"parkland-informa-resultados-del-segundo-trimestre-de-2025","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/parkland-informa-resultados-del-segundo-trimestre-de-2025\/","title":{"rendered":"Parkland Reports 2025 Second Quarter Results"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen9{\nPADDING-RIGHT:0.83em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; 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Parkland Corporation (&#8220;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221;, or &#8220;our&#8221;) (TSX: PKI), today announced its financial and operating results for the three and six months ended June 30, 2025.<\/p>\n<div id=\"prni_dvprnejpg5a76left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\">\n                  <img decoding=\"async\" id=\"prnejpg5a76left\" title=\"Parkland Corporation Logo\" src=\"https:\/\/mma.prnewswire.com\/media\/2743595\/Parkland_Corporation_Parkland_Reports_2025_Second_Quarter_Result.jpg\" alt=\"Parkland Corporation Logo\" align=\"middle\"\/>\n                <\/div>\n<p>&#8220;I want to thank the Parkland team for safely serving our customers to deliver record second quarter results,&#8221; said Bob Espey, President and Chief Executive Officer. &#8220;Our Canadian and International businesses continue to demonstrate strength and resilience, while strong supply optimization coupled with solid operations at the Burnaby refinery enabled us to capture above mid-cycle refining margins. These results reflect the run rate potential of Parkland&#8217;s integrated platform and together with Sunoco, the combined scale is well positioned to grow cash flow for years to come.&#8221;<\/p>\n<p>\n                  <b>Q2 2025 Highlights<\/b>\n                <\/p>\n<ul type=\"disc\">\n<li>Delivered Adjusted EBITDA of $508 million, as compared to $504 million in Q2 2024, primarily driven by strong operations and margins at the Burnaby Refinery and robust performance in the Canada segment. These were partially offset by lower fuel unit margins in the International segment and continued softness in the USA segment primarily due to ongoing macroeconomic pressures.<\/li>\n<li>Net earnings of $172 million ($0.99 per share, basic), as compared to $70 million ($0.40 per share, basic) in Q2 2024, and Adjusted earnings<sup>3<\/sup> of $158 million ($0.91 per share, basic<sup>3<\/sup>), as compared to $156 million ($0.89 per share, basic) in Q2 2024.<\/li>\n<li>Trailing twelve months (&#8220;TTM&#8221;) Available cash flow<sup>3<\/sup> of $551 million ($3.17 per share<sup>3<\/sup>), as compared to $823 million ($4.69 per share) in 2024, primarily reflecting a significantly lower refining margin environment during the second half of 2024 and realized losses due to the wind down of California compliance market positions in the first quarter of 2025. TTM Cash generated from (used in) operating activities<sup>4<\/sup> of $1,656 million ($9.52 per share<sup>4<\/sup>), as compared to $1,612\u00a0million ($9.19\u00a0 per share) in 2024, reflecting favourable working capital movements in the current period.\u00a0<\/li>\n<li>Leverage Ratio<sup>5<\/sup> decreased to 3.4 times (3.6 times in Q4 2024) and liquidity available<sup>4<\/sup> of approximately $2.2\u00a0billion.<\/li>\n<li>Parkland&#8217;s total recordable injury frequency rate<sup>6<\/sup> on a TTM basis was 1.15, compared to 1.21 in Q2 2024, reflecting the Parkland team&#8217;s continued focus on operational integrity.<\/li>\n<\/ul>\n<p>\n                  <b>Q2 2025 Segment Highlights<\/b>\n                <\/p>\n<ul type=\"disc\">\n<li>Canada delivered Adjusted EBITDA of $190 million, as compared to $168 million in Q2 2024. The increase was primarily driven by stronger fuel unit margins from continued price and supply optimization, and volume growth in our company-owned network. We delivered company same-store volume growth (&#8220;Company\u00a0SSVG&#8221;)<sup>6<\/sup> of 4.6 percent and Food and Company C-Store same-store sales growth (&#8220;Food and Company\u00a0C-Store SSSG&#8221;)<sup>3<\/sup> excluding cigarettes of 4.2 percent, reflecting stronger site execution, and increased engagement though our loyalty program.<\/li>\n<li>International delivered Adjusted EBITDA of $168 million, as compared to $180 million in Q2 2024. Continued strength in the retail business was more than offset by lower unit margins driven by market instability from global conflicts resulting in price volatility, particularly in diesel.<\/li>\n<li>USA delivered Adjusted EBITDA of $26 million, as compared to $47 million in Q2 2024. The decrease was primarily driven by lower fuel unit margins due to an ongoing competitive pricing environment and reduced rail and regional arbitrage opportunities. Lower retail volumes, consumer spending, and foot traffic in convenience stores were consistent with broader industry trends.<\/li>\n<li>Refining delivered Adjusted EBITDA of $136 million, as compared to $119 million in Q2 2024. The increase was primarily driven by higher refining margins combined with strong composite utilization<sup>6<\/sup>\u00a0of 94.0 percent.<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">____________________________________<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Total of segments measure. See &#8220;Measures of Segment Profit(Loss) and Total of Segments Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">On May 5, 2025, Parkland and Sunoco LP (NYSE: SUN) (&#8220;Sunoco&#8221;) announced that they entered into a definitive agreement whereby Sunoco will acquire\u00a0all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt (the &#8220;Sunoco\u00a0Transaction&#8221;).<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Non-GAAP financial measure or non-GAAP financial ratio. See &#8220;Non-GAAP Financial Measures and Ratios&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(4)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Supplementary financial measure. See &#8220;Supplementary Financial Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(5)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Capital management measure. See &#8220;Capital Management Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(6)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Non-financial measure. See &#8220;Non-Financial Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n                  <b>Update on the Sunoco Transaction<\/b>\n                <\/p>\n<p>Parkland shareholders approved the Sunoco Transaction at the June 24, 2025 Annual and Special Meeting, with more than 93 percent of votes cast in favour. Following this strong shareholder endorsement, Parkland received a final order from the Court of King&#8217;s Bench of Alberta&#8217;s approval and the parties have obtained Competition Act (Canada) clearance.<\/p>\n<p>The Sunoco Transaction continues to advance through the remaining regulatory review processes and other closing conditions, including the ongoing review under the Investment Canada Act, and is expected to close in the fourth quarter of 2025.<\/p>\n<p>The Company will terminate its Dividend Reinvestment Plan (&#8220;DRIP&#8221;) effective August 6, 2025. The DRIP has been suspended since November 2, 2022.<\/p>\n<p>\n                  <b>2025 Guidance<\/b>\n                <\/p>\n<p>Following strong second quarter 2025 operating and financial results, Parkland remains on track to be within its previously stated 2025 Adjusted EBITDA Guidance<sup>4<\/sup> range of $1,800 to $2,100 million and 2025 Capital Expenditure Guidance<sup>4<\/sup> range of $475 to $525 million.<\/p>\n<p>Due to expected transaction-related costs and certain restrictions associated with the Sunoco Transaction, and to simplify external guidance, Parkland will no longer provide updates with respect to its 2025 Available cash flow per share, 2025 Leverage Ratio, non-core asset divestment program from 2023 to 2025 and 2025 Adjusted EBITDA for its Refining segment.\u00a0<\/p>\n<p>\n                  <b>Consolidated Financial Overview<\/b>\n                <\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Three months ended June 30,\u00a0\u00a0<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Financial Summary<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Sales and operating revenue<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>6,874<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7,504<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>508<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">504<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Canada<sup>(2)(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>190<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">168<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">International<sup>(2)(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>168<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">180<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">USA<sup>(2)(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>26<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">47<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Refining<sup>(2)(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>136<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">119<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u00a0\u00a0 Corporate<sup>(2)(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(12)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(10)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>172<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">70<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss) per share \u2013 basic ($ per share)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>0.99<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">0.40<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss) per share \u2013 diluted ($ per share)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>0.97<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">0.39<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Trailing twelve months (&#8220;TTM&#8221;) Cash generated from (used in) operating activities<sup>(4)\u00a0\u00a0<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,656<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,612<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM Cash generated from (used in) operating activities per share<sup>(4)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>9.52<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9.19<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM Available cash flow<sup>(5)(6)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>551<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">823<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM Available cash flow per share<sup>(5)(6)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>3.17<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4.69<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM ROIC<sup>(6)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>7.7\u00a0%<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9.0\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Total of segments measure. See &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; section of this news release.<br \/><\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, certain amounts in 2024 were revised to conform to the presentation used in the current period with respect to the allocation of Corporate costs. See Note 2d of the Interim Condensed Consolidated Financial Statements for further details<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Measure of segment profit (loss). See &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(4)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Supplementary financial measure. See &#8220;Supplementary Financial Measures&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(5)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, certain amounts were reclassified between realized and unrealized gain\/(loss) on risk management with no changes to\u00a0Adjusted EBITDA or net earnings to conform to the presentation used in the current period.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(6)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Non-GAAP financial measure or non-GAAP financial ratio. See &#8220;Non-GAAP Financial Measures and Ratios&#8221; section of this news release.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n                  <b>MD&amp;A and Annual Consolidated Financial Statements<\/b>\n                <\/p>\n<p>The Management&#8217;s Discussion and Analysis for the three and six months ended June 30, 2025 (the &#8220;Q2 2025 MD&amp;A&#8221;) and Interim Condensed Consolidated Financial Statements for the three and six months ended June 30, 2025 (the &#8220;Q2 2025 Condensed Consolidated Financial Statements&#8221;) provide a detailed explanation of Parkland&#8217;s operating results for the three and six months ended June 30, 2025. An English version of these documents will be available online at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4481068-1&amp;h=1309728381&amp;u=https%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca\" target=\"_blank\" rel=\"nofollow\">www.parkland.ca<\/a> and the System for Electronic Data Analysis and Retrieval+ (&#8220;SEDAR+&#8221;) after the results are released by newswire under Parkland&#8217;s profile at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4481068-1&amp;h=728698389&amp;u=https%3A%2F%2Fwww.sedarplus.ca%2Fhome%2F&amp;a=www.sedarplus.ca\" target=\"_blank\" rel=\"nofollow\">www.sedarplus.ca<\/a>. The French versions of the Q2 2025 MD&amp;A and the Q2 2025\u00a0Condensed Consolidated Financial Statements will be posted to <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4481068-1&amp;h=1309728381&amp;u=https%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca\" target=\"_blank\" rel=\"nofollow\">www.parkland.ca<\/a>\u00a0and SEDAR+ as soon as they become available.<\/p>\n<p>\n                  <b>About Parkland Corporation<\/b>\n                <\/p>\n<p>Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in 26 countries across the Americas. Our retail network meets the fuel and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers&#8217; needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, we have developed supply, distribution and trading capabilities to accelerate growth and business performance.<\/p>\n<p>Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community and respect, which are embedded across our organization.<\/p>\n<p>\n                  <b>Forward-Looking Statements<\/b>\n                <\/p>\n<p>Certain statements contained herein constitute forward-looking information and statements (collectively, &#8220;forward-looking statements&#8221;). When used the words &#8220;expect&#8221;, &#8220;will&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;believe&#8221;, &#8220;continue&#8221;, &#8220;pursue&#8221; and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: business strategies, objectives and initiatives; run rate potential of Parkland&#8217;s integrated platform; Parkland and Sunoco well positioned to grow cash flow for years to come;\u00a0 the Sunoco Transaction, including progress of regulatory approvals and other closing conditions and expectation to close in the fourth quarter of 2025; expected costs relating to the Sunoco Transaction; expected to remain on track to be within its 2025 Adjusted EBITDA Guidance and 2025 Capital Expenditure Guidance ranges; and the termination of the DRIP and timing thereof.<\/p>\n<p>These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligation to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: the completion of the Sunoco Transaction, including the ability to obtain the approvals required in connection thereto, the timing thereof and realizing the benefits resulting therefrom; Parkland&#8217;s ability to successfully integrate its operations with Sunoco following the Sunoco Transaction; general economic, market and business conditions; micro and macroeconomic trends and conditions, including increases in interest rates, inflation, imposition of tariffs and fluctuating commodity prices; Parkland&#8217;s ability to execute its business objectives, projects and strategies, including the completion, financing and timing thereof, realizing the benefits therefrom, meeting our targets, outlook and commitments relating thereto, and the impact of the Sunoco Transaction thereon; ability to fall within its 2025 Adjusted EBITDA Guidance and 2025 Capital Expenditure Guidance ranges and the assumptions relating thereto; and other factors, many of which are beyond the control of Parkland and the assumptions and risks described in &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; included in Parkland&#8217;s most recently filed Annual Information Form, and in &#8220;Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in the Q4 2024 MD&amp;A, each as filed on SEDAR+ and available on the Parkland website at <a href=\"http:\/\/www.parkland.ca\" rel=\"nofollow\">www.parkland.ca<\/a>. In addition, the 2025 Adjusted EBITDA Guidance reflects continued integration of acquired businesses and synergy capture, and progression of organic growth initiatives, and key material assumptions include: market trends in line with Parkland&#8217;s current expectations; expected performance from Parkland&#8217;s retail and commercial lines of business during the 2025 financial year that is consistent with the prior year; Burnaby Refinery composite utilization of 90 to 95% based on the Burnaby Refinery&#8217;s crude processing capacity of 55,000 bpd, and completion of planned maintenance, including deferral of the previously planned turnaround to 2026; and implementation of ongoing cost reductions across the business. The 2025 Capital Expenditure Guidance is mainly driven by increased Adjusted EBITDA and assumes no material change to underlying operations and no planned turnaround at the Burnaby Refinery. The forward-looking statements contained in this news release as expressly qualified by these cautionary statements.<\/p>\n<p>\n                  <b>Specified Financial Measures<\/b>\n                <\/p>\n<p>This news release contains total of segments measures, non-GAAP financial measures and non-GAAP financial ratios, supplementary financial measures and capital management measures (collectively, &#8220;specified financial measures&#8221;). Parkland&#8217;s management uses certain specified financial measures to analyze the operating and financial performance, leverage, and liquidity of the business. These specified financial measures do not have any standardized meaning under International Financial Reporting Standards as issued by the International Accounting Standards Board (&#8220;IFRS Accounting Standards&#8221;) and are therefore unlikely to be comparable to similar measures presented by other companies. The specified financial measures should not be considered in isolation or used in substitute for measures of performance prepared in accordance with the IFRS Accounting Standards. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding specified financial measures used by Parkland.<\/p>\n<p>\n                  <i>Non-GAAP Financial Measures and Ratios<\/i>\n                <\/p>\n<p>Adjusted earnings (loss) is a non-GAAP financial measure and Adjusted earnings (loss) per share is a non-GAAP financial ratio, each representing the underlying core operating performance of business activities of Parkland at a consolidated level. The most directly comparable financial measure to Adjusted earnings (loss) and Adjusted earnings (loss) per share is Net earnings (loss).<\/p>\n<p>Adjusted earnings (loss) and Adjusted earnings (loss) per share represent how well Parkland&#8217;s operational business is performing, while considering depreciation and amortization, interest on leases and long-term debt, accretion and other finance costs, and income taxes. The Company uses these measures because it believes that Adjusted earnings (loss) and Adjusted earnings (loss) per share are useful for management and investors in assessing the Company&#8217;s overall performance, as they exclude certain items that are not reflective of the Company&#8217;s underlying business operations.<\/p>\n<p>See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for the detailed definition and composition of Adjusted earnings (loss) and Adjusted earnings (loss) per share.<\/p>\n<p>Please see below for the reconciliation of Adjusted earnings (loss) to net earnings (loss) and the calculation of Adjusted earnings (loss) per share.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Three months ended<br \/>June 30,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Six months ended<br \/>June 30,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise stated)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>172<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">70<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>236<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">65<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add\/(less):<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Acquisition, integration and other costs<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>75<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">76<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">(Gain) loss on foreign exchange \u2013 unrealized<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(4)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(9)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">(Gain) loss on risk management and other \u2013 unrealized<sup>(4)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(51)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">56<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(48)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">59<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Costs related to the Sunoco Transaction<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Other (gains) and losses<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(70)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(89)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Other adjusting items<sup>(1)(4)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>17<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>11<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">26<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Tax normalization<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(27)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(43)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>158<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">156<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>223<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">199<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares (million shares)<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>174<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">175<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>174<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">175<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares adjusted for the effects of\u00a0<br \/>dilution (million shares)<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>177<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">177<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>176<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">178<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted earnings (loss) per share ($ per share)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Basic<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>0.91<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">0.89<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1.28<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1.14<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Diluted<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>0.90<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">0.88<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1.27<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1.12<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1) \u00a0<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Other adjusting items for the three months ended June 30, 2025 include: (i) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $12 million loss (2024 &#8211; $1 million loss); (ii) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $8 million (2024 &#8211; $3 million); (iii) other income of $1 million (2024 &#8211; $3 million); (iv)adjustment to foreign exchange gains and losses related to cash pooling arrangements of $4 million (2024 &#8211; $2\u00a0million); and (v)\u00a0adjustment to realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 &#8211; $1 million). Other adjusting items for the six months ended June 30, 2025 include: (i)\u00a0realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $1 million gain (2024 &#8211; $12 million loss); (ii) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $13 million (2024 &#8211; $7 million) (iii) other income of $3 million (2024 &#8211; $5 million); (iv) adjustment to foreign exchange gains and losses related to cash pooling arrangements of $4 million (2024 &#8211; $4 million); and (v) adjustment to realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 &#8211; $2 million gain). For comparative purposes, certain amounts were reclassified between realized and unrealized gain\/(loss) on risk management with no changes to Adjusted EBITDA or net earnings, to conform to the presentation used in the current period.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">The tax normalization adjustment was applied to net earnings (loss) adjusting items that were considered temporary differences, such as acquisition, integration and other costs, unrealized foreign exchange gains and losses, unrealized gains and losses on risk management and other, gains and losses on asset disposals, changes in fair value of redemption options, changes in estimates of environmental provisions, loss on inventory write-downs for which there are offsetting associated risk management derivatives with unrealized gains,\u00a0 impairments of non-current assets and strategic transaction costs. The tax impact was estimated using the effective tax rates applicable to jurisdictions where the related items occur.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares is calculated in accordance with Parkland&#8217;s accounting policy contained in Note 2 of the Annual\u00a0 Consolidated Financial Statements.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(4) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, certain amounts were reclassified between realized and unrealized gain\/(loss) on risk management with no changes to\u00a0 Adjusted earnings (loss) to conform to the presentation used in the current period.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Available cash flow is a non-GAAP financial measure and Available cash flow per share is a non-GAAP financial ratio. The most directly comparable financial measure for Available cash flow and Available cash flow per share is cash generated from (used in) operating activities. Parkland uses these measures to set targets (including annual guidance and variable compensation target) and monitor its ability to generate cash flow for capital allocation, including distributions to shareholders, investment in the growth of the business, and deleveraging. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for the detailed definition and composition of Available cash flow and Available cash flow per share. See the following table for a calculation of historical Available cash flow and Available cash flow per share and a reconciliation to cash generated from (used in) operating activities.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prnpr4 prnpl2 prnvab prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\" colspan=\"5\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Trailing twelve<br \/>months ended<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>June 30, 2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">September<br \/>30, 2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December<br \/>31, 2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">March\u00a031,<br \/>2025<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">June\u00a030,<br \/>2025<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Cash generated from (used in) operating activities<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">406<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">462<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">286<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">502<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,656<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: Change in other assets and other liabilities<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(68)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">80<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(7)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>6<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: Net change in non-cash working capital related to<br \/>operating activities<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">21<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(180)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">53<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(87)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(193)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Maintenance capital expenditures<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(71)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(96)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(62)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(70)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(299)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Dividends received from investments in associates\u00a0<br \/>and joint ventures<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">5<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>21<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Interest on leases and long-term debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(85)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(87)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(89)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(83)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(344)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Payments of principal amount on leases <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(69)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(76)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(77)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(74)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(296)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Available cash flow<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">137<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">110<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">117<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">187<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>551<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares (millions)<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>174<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM Available cash flow per share<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>3.17<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\" colspan=\"5\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Trailing twelve<br \/>months ended<br \/>June 30, 2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">September<br \/>30, 2023<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December<br \/>31, 2023<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">March\u00a031,<br \/>2024<sup> (1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">June 30,<br \/>2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Cash generated from (used in) operating activities<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">528<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">417<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">217<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">450<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,612<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: Change in other assets and other liabilities<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(4)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">28<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">34<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: Net change in non-cash working capital related to<br \/>operating activities<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(14)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">17<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">55<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(34)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">24<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Maintenance capital expenditures<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(52)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(93)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(59)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(53)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(257)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Dividends received from investments in associates and\u00a0<br \/>joint ventures<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">17<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Interest on leases and long-term debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(83)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(88)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(85)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(88)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(344)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Include: Payments on principal amount on leases<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(57)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(71)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(71)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(64)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(263)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Available cash flow<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">333<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">181<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">87<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">222<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">823<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares (millions)<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">175<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">TTM Available cash flow per share<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4.69<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)\u00a0<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, certain amounts within the net change in non-cash working capital related to operating activities for the three months\u00a0ended March 31, 2024, were revised to conform to the current period presentation.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Weighted average number of common shares is calculated in accordance with Parkland&#8217;s accounting policy contained in Note 2 of the Annual\u00a0Consolidated Financial Statements.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>ROIC is a non-GAAP financial ratio. The measure is calculated as a ratio of Net operating profit after tax (&#8220;NOPAT&#8221;) divided by average invested capital. NOPAT describes the profitability of Parkland&#8217;s base operations, excluding the impact of leverage and certain other items of income and expenditure that are not considered representative of Parkland&#8217;s underlying core operating performance. NOPAT is based on Adjusted EBITDA, defined in the &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; section of this news release, less depreciation and amortization expense, including pro-forma depreciation on assets classified as held for sale, and the estimated tax expense using the expected average tax rate estimated using statutory tax rates in each jurisdiction where Parkland operates. Average invested capital is the amount of capital deployed by Parkland that represents the average of opening and closing debt, including debt liabilities classified as held for sale, as well as shareholder&#8217;s equity, including equity reserves, net of cash and cash equivalents. We use this non-GAAP measure to assess Parkland&#8217;s efficiency in investing capital. \u00a0\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>ROIC<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">September\u00a0\u00a0<br \/>30, 2024\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December\u00a0\u00a0<br \/>31, 2024\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">March 31,\u00a0\u00a0<br \/>2025\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">June 30,\u00a0\u00a0<br \/>2025\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Trailing twelve\u00a0\u00a0<br \/>months\u00a0\u00a0<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>ended June 30, 2025\u00a0\u00a0<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">91<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(29)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">64<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">172<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">298<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add\/(less):<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Income tax expense (recovery)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">17<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(8)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">39<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">56<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Acquisition, integration and other costs<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">61<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">81<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">29<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">217<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Depreciation and amortization<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">207<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">210<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">202<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">220<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">839<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Finance cost<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">96<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">92<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">99<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">93<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">380<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">(Gain) loss on foreign exchange &#8211; unrealized<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(2)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(5)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(4)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(10)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">(Gain) loss on risk management and other &#8211; unrealized<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(48)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">34<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(51)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(62)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Costs related to the Sunoco Transaction<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Other (gains) and losses<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">30<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(19)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(70)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(60)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Other adjusting items<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">20<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(6)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">17<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">38<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">431<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">428<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">375<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">508<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,742<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Depreciation and amortization<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(207)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(210)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(202)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(220)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(839)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Pro-forma depreciation and amortization on assets<br \/>classified as held for sale<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(7)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(7)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">14<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBIT<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">224<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">211<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">166<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">302<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">903<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Average effective tax rate<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">21.0\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Taxes<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(189)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net operating profit after tax<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">714<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Opening invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,362<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Closing invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,201<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Average invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,282<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Return on invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7.7\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Invested Capital<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen42\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>June 30,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt &#8211; current portion<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>847<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">213<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>5,618<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6,275<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt in liabilities classified as held for sale<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">52<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Shareholders&#8217; equity<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>3,173<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3,138<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Exclude: Cash and cash equivalents<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(439)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(316)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Total<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>9,201<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,362<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen42\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>ROIC<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">September 30,\u00a0\u00a0<br \/>2023\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">December 31,\u00a0\u00a0<br \/>2023\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">March 31,<br \/>2024\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">June 30, <br \/>2024\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">Trailing twelve months\u00a0\u00a0<\/span>\n                        <\/p>\n<p class=\"prngen43\">\n                          <span class=\"prnews_span\">ended June 30, 2024\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">230<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">86<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(5)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">70<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">381<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add\/(less):<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Income tax expense (recovery)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">54<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(15)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(29)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">20<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">30<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Acquisition, integration and other costs<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">38<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">42<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">30<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">156<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Depreciation and amortization<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">205<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">222<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">206<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">202<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">835<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Finance cost<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">93<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">89<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">91<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">99<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">372<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">(Gain) loss on foreign exchange &#8211; unrealized<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">(Gain) loss on risk management and other &#8211; unrealized<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(19)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">28<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">56<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">68<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Other (gains) and losses<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(37)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">5<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">10<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(23)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Other adjusting items<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">20<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">18<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">52<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">585<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">463<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">327<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">504<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,879<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Depreciation and amortization<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(205)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(222)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(206)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(202)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(835)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Pro-forma depreciation and amortization on assets classified as held for sale<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBIT<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">380<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">241<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">121<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">302<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,044<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Average effective tax rate<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">19.9\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less: Taxes<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(208)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net operating profit after tax<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">836<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Opening invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,191<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Closing invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,362<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Average invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,277<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Return on invested capital<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9.0\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Invested Capital<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prngen42\">\n                          <span class=\"prnews_span\">June 30,<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2023<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt &#8211; current portion<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">213<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">178<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6,275<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6,278<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt in liabilities classified as held for sale<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">52<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Shareholders&#8217; equity<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3,138<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3,080<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Exclude: Cash and cash equivalents<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(316)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(345)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Total<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,362<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9,191<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, long-term debt in liabilities classified as held for sale were included as part of invested capital as at March 31, 2024, to conform to the current period presentation.\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes,\u00a0 certain amounts were reclassified between realized and unrealized gain\/(loss) on risk management for the three months ended March 31, 2024, with no changes to Adjusted EBITDA.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Food and Company C-Store SSSG\u00a0is a non-GAAP financial ratio\u00a0and refers to the period-over-period sales growth generated by retail food and convenience stores at the same Company sites. The effects of opening and closing stores, temporary closures (including closures for On the Run \/ March\u00e9 Express conversions), expansions of stores, renovations of stores, and stores with changes in food service models in the period are excluded to derive a comparable same-store metric. Same-store sales growth is a metric commonly used in the retail industry that provides meaningful information to investors in assessing the health and strength of Parkland&#8217;s brands and retail network, which ultimately impacts financial performance. The most directly comparable financial measure to Food and Company C-Store SSSG is food and convenience store revenue within sales and operating revenue.<\/p>\n<p>Below is a reconciliation of convenience store revenue (Food and C-Store revenue) for the Canada segment with the Food and Company C-Store same store sales (&#8220;SSS&#8221;), and the calculation of the Food and Company C-Store SSSG.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prnpr10 prnpl2 prnvab prntal prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen27\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Three months ended June\u00a030,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Six months ended June\u00a030,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">%<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">%<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store revenue<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>83<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">82<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">162<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">160<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Point-of-sale (&#8220;POS&#8221;) value of goods and services sold at Food and\u00a0\u00a0<br \/>Company C-Store operated by retailers and franchisees<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>300<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">303<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">563<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">579<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Rental and royalty income from retailers, franchisees and other<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(61)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(63)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(118)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(122)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Same Store revenue adjustments<sup>(4)<\/sup> (excluding cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(5)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(4)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(17)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(14)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store same-store sales (including cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>317<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">318<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(0.3)\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">590<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">603<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(2.1)\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Same Store revenue adjustments<sup>(4)<\/sup> (cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(98)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(108)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(182)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(203)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store same-store sales (excluding cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>219<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">210<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4.2\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">408<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">400<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2.0\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prnpr2 prnpl2 prnvab prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended June\u00a030,<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnnbbs prnnbls prnnbrs prnvab\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Six months ended June\u00a030,<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2023<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">%<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2023<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">%<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store revenue<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">82<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">79<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">160<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">149<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Point-of-sale (&#8220;POS&#8221;) value of goods and services sold at Food and<br \/>Company C-Store operated by retailers<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">305<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">316<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">581<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">594<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Rental income from retailers and other<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(63)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(64)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(122)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(119)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Same Store revenue adjustments<sup>(4)(5)<\/sup> (excluding cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(16)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(15)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(28)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(26)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store same-store sales (including cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">308<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">316<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(3.0)\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">591<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">598<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1.3)\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Same Store revenue adjustments<sup>(4)(5)<\/sup> (cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(105)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(112)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(200)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(213)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Food and Company C-Store same-store sales (excluding cigarettes)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">203<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">204<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(0.7)\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">391<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">385<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1.1\u00a0%<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1) <\/sup>\u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Percentages are calculated based on actual amounts and are impacted by rounding.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">POS values used to calculate Food and Company C-Store SSSG are not a Parkland financial measure and do not form part of Parkland&#8217;s consolidated\u00a0financial statements as Parkland earns rental income from retailers in the form of a percentage rent on convenience store sales. POS values are\u00a0calculated based on the information obtained from Parkland&#8217;s POS systems at retail sites, including transactional data, such as sales, costs and volumes,\u00a0which are subject to internal controls over financial reporting. We also use this data to calculate rental income from retailers in the form of a percentage\u00a0rent on convenience store sales, which is recorded as revenue in our consolidated financial statements.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes rental income from retailers in the form of a percentage rent on Food and Company C-Store sales, royalty, and franchisee fees and excludes\u00a0revenues from automated teller machines, POS system licensing fees, and other.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(4) \u00a0<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">This adjustment excludes the effects of acquisitions, opening and closing stores, temporary closures (including closures for On the Run \/ March\u00e9\u00a0Express conversions), expansions of stores, renovations of stores, and stores with changes in food service models, to derive a comparable same-store\u00a0metric.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(5) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Excludes sales from acquisitions completed within the year as these will not impact the metric until after the completion of one year of the acquisitions\u00a0when the sales or volume generated establishes the baseline for these metrics.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>These non-GAAP financial measures and ratios should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Except as otherwise indicated, these non-GAAP financial measures and ratios are calculated and disclosed on a consistent basis from period to period. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding Parkland&#8217;s non-GAAP financial measures and ratios.<\/p>\n<p>\n                  <i>Capital Management Measures<\/i>\n                <\/p>\n<p>Parkland&#8217;s primary capital management measure is the Leverage Ratio, which is used internally by key management personnel to monitor Parkland&#8217;s overall financial strength, capital structure flexibility, and ability to service debt and meet current and future commitments. In order to manage its financing requirements, Parkland may adjust capital spending or dividends paid to shareholders or issue new shares or new debt. The Leverage Ratio is calculated as a ratio of Leverage Debt to Leverage EBITDA and does not have any standardized meaning prescribed under IFRS Accounting Standards. It is, therefore, unlikely to be comparable to similar measures presented by other companies. The detailed calculation of the Leverage Ratio is as follows:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen34\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>June 30, 2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen34\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December 31, 2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage Debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>4,979<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">5,268<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,468<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,481<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage Ratio<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>3.4<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">3.6<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>June 30, 2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December 31, 2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Long-term debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>6,465<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6,641<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Lease obligations<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(1,104)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1,054)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Cash and cash equivalents<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(439)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(385)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Non-recourse debt<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(55)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(30)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Risk management liability (asset)<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(30)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Add:<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Non-recourse cash<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>35<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">31<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                          <span class=\"prnews_span\">Letters of credit and other<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>76<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">95<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage Debt<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>4,979<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">5,268<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Represents non-recourse debt and non-recourse cash balance related to project financing.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Represents the risk management asset\/liability associated with the spot element of the cross-currency swap designated in a cash flow hedge\u00a0relationship to hedge the variability of principal cash flows of the 2024 Senior Notes resulting from changes in the spot exchange rates.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Trailing twelve months<br \/>ended<\/b><br \/>\n                            <br \/>\n                            <b>June 30, 2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">September<br \/>30, 2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December<br \/>31, 2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">March 31,<br \/>2025<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">June 30,<br \/>2025<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">431<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">428<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">375<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">508<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,742<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Share incentive compensation<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">11<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>32<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: IFRS 16 impact<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(84)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(91)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(93)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(90)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(358)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen35\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">353<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">348<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">290<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">425<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,416<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Acquisition pro-forma adjustment<sup>(2)\u00a0\u00a0<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>6<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Other adjustments<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>1,468<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup> \u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes the impact of operating leases prior to the adoption of IFRS 16, previously recognized under operating costs, which aligns with management&#8217;s\u00a0view of the impact of earnings.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup> \u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes the impact of pro-forma pre-acquisition EBITDA estimates based on anticipated benefits, costs and synergies from acquisitions.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3)<\/sup> \u00a0<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes adjustments to normalize Adjusted EBITDA for non-recurring events relating to the unplanned shutdown at the Burnaby Refinery, and the\u00a0EBITDA attributable to EV charging operations financed through non-recourse project financing.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Three months ended<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Trailing twelve months<br \/>ended<br \/>December 31, 2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions, unless otherwise noted)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">March 31,<br \/>2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">June 30,<br \/>2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">September<br \/>30, 2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">December<br \/>31, 2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">327<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">504<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">431<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">428<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,690<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Share incentive compensation<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">6<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">11<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">31<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Reverse: IFRS 16 impact<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(83)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(80)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(84)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(91)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(338)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen35\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">250<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">432<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">353<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">348<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,383<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Acquisition pro-forma adjustment<sup>(2)\u00a0<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">11<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Other adjustments<sup>(3)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">87<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Leverage EBITDA<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">1,481<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes the impact of operating leases prior to the adoption of IFRS 16, previously recognized under operating costs, which aligns with management&#8217;s\u00a0view of the impact of earnings.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes the impact of pro-forma pre-acquisition EBITDA estimates based on anticipated benefits, costs and systems from acquisitions.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Includes adjustments to normalize Adjusted EBITDA for non-recurring events relating to the unplanned shutdowns at the Burnaby Refinery and the EBITDA attributable to EV charging operations financed through non recourse project financing.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n                  <i>Measures of Segment Profit (Loss) and Total of Segments Measures<\/i>\n                <\/p>\n<p>Adjusted earnings (loss) before interest, taxes, depreciation and amortization (&#8220;Adjusted EBITDA&#8221;) is a measure of segment profit (loss) and its aggregate is a total of segments measure used by the chief operating decision maker to make decisions about resource allocation to the segment and to assess its performance. In accordance with IFRS Accounting Standards, adjustments and eliminations made in preparing an entity&#8217;s financial statements and allocations of revenue, expenses, and gains or losses shall be included in determining reported segment profit (loss) only if they are included in the measure of the segment&#8217;s profit (loss) that is used by the chief operating decision maker. As such, Parkland&#8217;s Adjusted EBITDA is unlikely to be comparable to measures of segment profit (loss) presented by other issuers, who may calculate these measures differently. Parkland views Adjusted EBITDA as the key measure for the underlying core operating performance of business segment activities at an operational level. Adjusted EBITDA is used by management to set targets for Parkland (including annual guidance and variable compensation targets) and is used to determine Parkland&#8217;s ability to service debt, finance capital expenditures and provide for dividend payments to shareholders. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for the detailed definition and composition of Adjusted EBITDA. Refer to the table below for the reconciliation of Adjusted EBITDA to net earnings (loss), which is the most directly comparable financial measure, for the three and six months ended June 30, 2025 and June\u00a030, 2024.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Three months ended<br \/>June 30,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>Six months ended<br \/>June 30,<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">($ millions)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>2025<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">2024<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Adjusted EBITDA<sup>(1)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>508<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">504<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>883<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">831<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Less\/(add):<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Acquisition, integration and other costs<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">46<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>75<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">76<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Depreciation and amortization<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>220<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">202<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>422<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">408<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Finance costs<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>93<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">99<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>192<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">190<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">(Gain) loss on foreign exchange \u2013 unrealized<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(4)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">4<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(9)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">7<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">(Gain) loss on risk management and other \u2013 unrealized<sup>(4)\u00a0\u00a0<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(51)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">56<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(48)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">59<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Costs related to the Sunoco Transaction<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>46<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">\u2014<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Other (gains) and losses<sup>(2)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(70)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(1)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>(89)<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">9<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Other adjusting items<sup>(3)(4)<\/sup><\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>17<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">8<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>11<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">26<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\">\n                          <span class=\"prnews_span\">Income tax expense (recovery) <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>39<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">20<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>47<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">(9)<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Net earnings (loss)<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>172<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">70<\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <b>236<\/b><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">65<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen36\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(1)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Total of segments measure. See Section 15 of the Q2 MD&amp;A.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen35\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen36\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(2)<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Other (gains) and losses for the three months ended June 30, 2025, include: (i) $55 million non-cash valuation gain (2024 &#8211; $11 million loss) due to change in fair value of redemption options; (ii) $8 million non-cash valuation gain (2024 &#8211; $12 million gain) due to the change in estimates of\u00a0environmental provisions; (iii) $3 million (2024 &#8211; $3 million) in other income; (iv) $3 million gain (2024 &#8211; $1 million gain) on disposal of assets; and (v) $1 million gain (2024 -$4 million loss) in others. Other (gains) and losses for the six months ended June 30, 2025, include: (i) $76 million non-cash\u00a0valuation gain (2024 &#8211; $24 million loss) due to change in fair value of redemption options; (ii) $7 million (2024 &#8211; $5 million) in other income; (iii) $4 million\u00a0non-cash valuation gain (2024 &#8211; $16 million gain) due to the change in estimates of environmental provisions; (iv) $2 million gain (2024 &#8211; $3 million gain)\u00a0on disposal of assets; and (v) nil (2024 -$9 million loss) in others.<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen35\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen36\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(3) <\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">Other adjusting items for the three months ended June 30, 2025, include: (i) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $12 million loss (2024 &#8211; $1 million loss); (ii) the share of depreciation, income\u00a0taxes and other adjustments for investments in joint ventures and associates of $8 million (2024 &#8211; $3 million); (iii) adjustment to foreign exchange loss\u00a0related to cash pooling arrangements of $4 million (2024 &#8211; $2 million); (iv) other income of $1 million (2024 &#8211; $3 million); and (v) realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 -$1 million gain). Other\u00a0adjusting items for the six months ended June 30, 2025, include: (i) the share of depreciation, income taxes and other adjustments for investments in\u00a0joint ventures and associates of $13 million (2024 &#8211; $7 million); (ii) adjustment to foreign exchange losses related to cash pooling arrangements of\u00a0$4 million (2024 &#8211; $4 million); (iii) other income of $3 million (2024 &#8211; $5 million); (iv) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $1 million gain (2024 &#8211; $12 million loss); (v) realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 -$2 million gain).<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<td class=\"prngen35\" colspan=\"1\" rowspan=\"1\">\n                        \n                      <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen36\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\"><br \/>\n                            <sup>(4) \u00a0<\/sup><br \/>\n                          <\/span>\n                        <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                          <span class=\"prnews_span\">For comparative purposes, certain amounts were reclassified between realized and unrealized gain\/(loss) on risk management for the six months\u00a0ended June 30, 2024, with no changes to Net earnings (loss).<\/span>\n                        <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n                  <i>Supplementary Financial Measures<\/i>\n                <\/p>\n<p>Parkland uses a number of supplementary financial measures, including TTM Cash generated from (used in) operating activities, TTM Cash generated from (used in) operating activities per share, liquidity available and Adjusted EBITDA Guidance and Capital Expenditure Guidance, to evaluate the success of our strategic objectives. These measures may not be comparable to similar measures presented by other issuers, as other issuers may calculate these measures differently. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding supplementary financial measures used by Parkland, including the composition of such measures.<\/p>\n<p>\n                  <b>Non-Financial Measures<\/b>\n                <\/p>\n<p>Parkland uses a number of non-financial measures, including Company SSVG, composite utilization and total recordable injury frequency rate, to measure the success of our strategic objectives and to set variable compensation targets for employees, where applicable. These non-financial measures are not accounting measures, do not have comparable IFRS Accounting Standards measures, and may not be comparable to similar measures presented by other issuers, as other issuers may calculate these metrics differently. See Section 15 of the Q2 2025 MD&amp;A, which is incorporated by reference into this news release, for further details on the non-financial measures used by Parkland.<\/p>\n<p>For Further Information: Investor Inquiries: 1-855-355-1051, <a xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\" href=\"mailto:Investor.Relations@parkland.ca\" rel=\"nofollow\">Investor.Relations@parkland.ca<\/a>; Media Inquiries: 1-855-301-5427, <a href=\"mailto:Public.Relations@parkland.ca\" target=\"_blank\" rel=\"nofollow\">Public.Relations@parkland.ca<\/a><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4481068-1&amp;h=2454047253&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2743595%2FParkland_Corporation_Parkland_Reports_2025_Second_Quarter_Result.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2743595%2FParkland_Corporation_Parkland_Reports_2025_Second_Quarter_Result.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/2743595\/Parkland_Corporation_Parkland_Reports_2025_Second_Quarter_Result.jpg<\/a>\u00a0<\/p>\n<p>SOURCE Parkland Corporation<\/p>\n<\/p><\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p class=\"prntac\">\u00a0<i>Record second quarter Adjusted EBITDA<sup>1 <\/sup>of $508 million<\/i><\/p>\n<p class=\"prntac\">\n                  <i>Demonstrates strength and run rate potential of Parkland&#8217;s diversified business<\/i>\n                <\/p>\n<p class=\"prntac\">\n                  <i>\u00a0Advancing the Sunoco Transaction<sup>2<\/sup><\/i>\n                <\/p>\n<p>\n                  <span class=\"legendSpanClass\">CALGARY, AB<\/span>, <span class=\"legendSpanClass\">Aug. 5, 2025<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8211;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":271967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-271966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/271966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=271966"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/271966\/revisions"}],"predecessor-version":[{"id":271986,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/271966\/revisions\/271986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/271967"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=271966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=271966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=271966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}