
		June 30,			December 31,
As at		2026			2025
First Preferred Shares		1	billion		1	billion
Second Preferred Shares		1	billion		1	billion
Common Shares		4	billion		4	billion

Subsidiaries with significant non-controlling interests

Schedule of summarized financial information of Subsidiary


As at, or for the periods ¹ ended, (millions)		June 30, 2026		December 31, 2025
Statement of financial position²
Current assets		$	55	$	33
Non-current assets		$	776	$	658
Current liabilities		$	47	$	37
Non-current liabilities		$	420	$	314
Accumulated non-controlling interest in Terrion in Consolidated statement of changes in owners’ equity		$	801	$	799
Statement of income and other comprehensive income²
THREE-MONTH
Revenue and other income		$	46
Net income³		$	16
Comprehensive income³		$	16
Net income and comprehensive income allocated to non-controlling interest		$	8
SIX-MONTH
Revenue and other income		$	92
Net income³		$	32
Comprehensive income³		$	32
Net income and comprehensive income allocated to non-controlling interest		$	16
Statement of cash flows¹
THREE-MONTH
Cash provided by operating activities		$	36
Cash used by investing activities⁴		$	(23)
Cash used by financing activities		$	(12)
Partnership distributions to non-controlling interest (included as a use of cash in financing activities)		$	9
SIX-MONTH
Cash provided by operating activities		$	69
Cash used by investing activities ⁴		$	(33)
Cash used by financing activities		$	(28)
Partnership distributions to non-controlling interest (included as a use of cash in financing activities)		$	14

1	Amounts for periods in the year ended December 31, 2025, are for the 160-day period from the date of establishment, July 24, 2025, through December 31, 2025, inclusive.

2	As required by IFRS Accounting Standards, this summarized financial information excludes inter-company eliminations.

3	As Terrion is a partnership, no provision is made for income taxes in respect of the partners in determining Terrion’s net income and comprehensive income.

4

For the three-month period ended June 30, 2026, Includes additions (excluding additions from leases) to property, plant and equipment of $19 and change in associated non-cash investing working capital of $(4). For the six-month period ended June 30, 2026, Includes additions (excluding additions from leases) to property, plant and equipment of $28 and change in associated non-cash investing working capital of $(9).