CANADIAN PACIFIC KANSAS CITY LTD

Canadian Pacific Kansas City Limited (CPKC) operates the sole freight railway connecting Canada, the United States, and Mexico. The company offers rail and intermodal transportation services across a network of approximately 20,000 miles, reaching key business centers in all three countries. CPKC transports bulk commodities, merchandise freight, and intermodal traffic. The company was incorporated on June 22, 2001, under the Canada Business Corporations Act and owns all Common Shares of Canadian Pacific Railway Company (CPRC), which was incorporated in 1881. CPKC's main office is in Calgary, Alberta, Canada, with its U.S. head office in Kansas City, Missouri. Its Common Shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol "CP". On April 14, 2023, CPKC gained control of Kansas City Southern (KCS) through an indirect wholly-owned subsidiary, integrating KCS as a consolidated subsidiary from that date. Before April 14, 2023, CPKC's interest in KCS was reported as an equity-method investment. The company's strategy centers on precision scheduled railroading, with a core focus on providing efficient and consistent transportation solutions for its customers. All currency amounts in this report are in Canadian dollars unless otherwise specified.