{"id":259074,"date":"2025-05-08T06:00:00","date_gmt":"2025-05-08T10:00:00","guid":{"rendered":"https:\/\/www.mapleleaffoods.com\/fr\/news\/les-aliments-maple-leaf-communique-ses-resultats-financiers-du-premier-trimestre-de-2025\/"},"modified":"2025-06-16T12:13:49","modified_gmt":"2025-06-16T16:13:49","slug":"financiers-du-premier-trimestre-de-2025","status":"publish","type":"mlfcorp_news","link":"https:\/\/www.mapleleaffoods.com\/fr\/news\/financiers-du-premier-trimestre-de-2025\/","title":{"rendered":"Les Aliments Maple Leaf communique ses r\u00e9sultats financiers du premier trimestre de 2025"},"content":{"rendered":"<p><b>TSX : MFI<\/b><\/p>\n<p><b><a href=\"https:\/\/www.mapleleaffoods.com\/\" rel=\"nofollow\" data-wplink-edit=\"true\">www.mapleleaffoods.com<\/a><\/b><\/p>\n<p class=\"prntac\">Les Aliments Maple Leaf affiche une croissance de ses revenus de 8,2 %, un BAIIA ajust\u00e9 de 166\u00a0millions de dollars ou 13,4 % et r\u00e9affirme ses pr\u00e9visions pour l'exercice\u00a02025<\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">MISSISSAUGA, ON<\/span><\/span>, <span class=\"legendSpanClass\">le 8 mai 2025<\/span> \/CNW\/ -\u00a0Les Aliments Maple Leaf Inc. (\u00ab\u00a0Les\u00a0Aliments Maple Leaf \u00bb ou la \u00ab\u00a0soci\u00e9t\u00e9\u00a0\u00bb)\u00a0(TSX:\u00a0MFI) a communiqu\u00e9 aujourd'hui ses r\u00e9sultats financiers pour le premier trimestre clos le 31\u00a0mars 2025.<\/p>\n<div id=\"DivAssetPlaceHolder1\" class=\"PRN_ImbeddedAssetReference\">\n<p><a href=\"https:\/\/mma.prnewswire.com\/media\/2677235\/Maple_Leaf_Foods_Inc__Les_Aliments_Maple_Leaf_communique_ses_r_s.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n<img decoding=\"async\" title=\"Logo des Aliments Maple Leaf inc. (Groupe CNW\/Maple Leaf Foods Inc.)\" src=\"https:\/\/mma.prnewswire.com\/media\/2677235\/Maple_Leaf_Foods_Inc__Les_Aliments_Maple_Leaf_communique_ses_r_s.jpg\" alt=\"Logo des Aliments Maple Leaf inc. (Groupe CNW\/Maple Leaf Foods Inc.)\" \/><br \/>\n<\/a><\/p>\n<\/div>\n<p>\u00ab\u00a0Au premier trimestre, nous avons poursuivi sur notre lanc\u00e9e, affichant une croissance des ventes de plus de 8\u00a0% et un BAIIA ajust\u00e9 de 166 millions de dollars, ce qui repr\u00e9sente une augmentation de 43 % par rapport \u00e0 la m\u00eame p\u00e9riode l'an dernier \u00bb,\u00a0a d\u00e9clar\u00e9 Curtis\u00a0Frank, pr\u00e9sident et chef de la direction des Aliments Maple Leaf. \u00ab La forte croissance des ventes dans\u00a0les secteurs des aliments pr\u00e9par\u00e9s, de la volaille et du porc d\u00e9montre des progr\u00e8s importants dans tous les secteurs de\u00a0notre entreprise; nous avons affich\u00e9 une marge du BAIIA ajust\u00e9 de 13,4 %, ce qui repr\u00e9sente une am\u00e9lioration de 330 points de base sur 12 mois. \u00bb<\/p>\n<p>\u00ab\u00a0Pour le reste de l'ann\u00e9e, nous demeurons concentr\u00e9s sur l'ex\u00e9cution de nos priorit\u00e9s\u00a0: stimuler une croissance rentable, r\u00e9aliser un BAIIA ajust\u00e9 qui atteint ou d\u00e9passe nos perspectives de 634\u00a0millions de dollars, et achever la scission de nos activit\u00e9s dans le secteur du porc\u00a0\u00bb, a poursuivi M.\u00a0Frank.<\/p>\n<p>\u00ab\u00a0L'ann\u00e9e\u00a02025 marque le d\u00e9but d'un nouveau chapitre audacieux alors que nous faisons progresser notre plan strat\u00e9gique et que nous franchissons les prochaines \u00e9tapes pour faire des Aliments Maple Leaf une entreprise sp\u00e9cialis\u00e9e dans les produits de consommation emball\u00e9s qui est port\u00e9e par une mission et ax\u00e9e sur les prot\u00e9ines, et pour faire de Canada\u00a0Packers un chef de file mondial de la production durable de produits de porc \u00e0 valeur ajout\u00e9e de qualit\u00e9 sup\u00e9rieure. \u00ab\u00a0Les deux entreprises seront particuli\u00e8rement bien plac\u00e9es pour r\u00e9pondre \u00e0 la demande mondiale croissante en prot\u00e9ines durables, cr\u00e9ant ainsi de la valeur pour toutes nos parties prenantes\u00a0\u00bb, a conclu M.\u00a0Frank.<\/p>\n<p><b>Faits saillants du premier trimestre\u00a02025<\/b><\/p>\n<ul type=\"disc\">\n<li>Le b\u00e9n\u00e9fice ajust\u00e9 avant int\u00e9r\u00eats, imp\u00f4ts, amortissement (\u00ab BAIIA ajust\u00e9 \u00bb)<i><sup> (i)<\/sup><\/i> s'est \u00e9tabli \u00e0 166 millions de dollars,<br \/>\nune augmentation de 42,9 % par rapport au premier trimestre de l'exercice pr\u00e9c\u00e9dent, la marge du BAIIA ajust\u00e9 passant de 10,1 % \u00e0 13,4 % pour la m\u00eame p\u00e9riode.<\/li>\n<li>Les ventes du premier trimestre se sont \u00e9lev\u00e9es \u00e0 1 241 millions de dollars, comparativement \u00e0 1 147 millions de dollars pour le trimestre correspondant de l'exercice pr\u00e9c\u00e9dent, soit une augmentation de 8,2 %. Les ventes des unit\u00e9s d'exploitation des aliments pr\u00e9par\u00e9s<i><sup>,<\/sup><\/i> de la volaille et du porc<i><sup>(ii)<\/sup><\/i> ont augment\u00e9 de 7,1 %, 6,0 % et 12,0 % respectivement.<\/li>\n<li>Pour le premier trimestre de 2025, le b\u00e9n\u00e9fice net s'est chiffr\u00e9 \u00e0 50 millions de dollars (0,40 $ par action de base),<br \/>\nce qui demeure g\u00e9n\u00e9ralement conforme \u00e0 52 millions de dollars (0,42 $ par action de base) l'an dernier, le premier trimestre de 2024 ayant b\u00e9n\u00e9fici\u00e9 d'un avantage plus important de l'impact comptable de la note sur l'\u00e9valuation boursi\u00e8re des actifs biologiques. Au premier trimestre de 2025, le b\u00e9n\u00e9fice ajust\u00e9 par action s'est \u00e9tabli \u00e0 0,43 $, comparativement \u00e0 0,04 $ \u00e0 l'exercice pr\u00e9c\u00e9dent.<\/li>\n<li>La dette nette<i><sup>(i)<\/sup><\/i> \u00e9tait de 1 554 millions de dollars, alors que le coefficient dette nette BAIIA ajust\u00e9<i><sup>(i)<\/sup><\/i> des quatre derniers trimestres s'\u00e9tablit \u00e0 2,6 fois, une am\u00e9lioration par rapport \u00e0 2,7 fois \u00e0 la fin du quatri\u00e8me trimestre de <span class=\"xn-chron\">2024 et<\/span> \u00e0 3,7 fois lors la p\u00e9riode correspondante de l'exercice pr\u00e9c\u00e9dent.<\/li>\n<\/ul>\n<p><b>Le point sur la cr\u00e9ation de deux soci\u00e9t\u00e9s ouvertes ind\u00e9pendantes<\/b><\/p>\n<ul type=\"disc\">\n<li>Le 9 juillet 2024, les Aliments Maple Leaf a annonc\u00e9 son intention de se s\u00e9parer de ses activit\u00e9s li\u00e9es au porc et<br \/>\nde former une soci\u00e9t\u00e9 ouverte ind\u00e9pendante qui s'appellera Canada Packers Inc. Les travaux de s\u00e9paration des deux entreprises vont bon train.<\/li>\n<li>La circulaire d'information de la direction sera d\u00e9pos\u00e9e le 12 mai <span class=\"xn-chron\">2025, et<\/span> la soci\u00e9t\u00e9 pr\u00e9voit une assembl\u00e9e\u00a0des actionnaires le 11 juin 2025 pour faire approuver la transaction, ce qui permettrait la cl\u00f4ture d\u00e8s que les conditions de cl\u00f4ture seraient satisfaites et placerait la transaction en voie d'\u00eatre conclue au deuxi\u00e8me semestre de 2025, comme pr\u00e9vu.<\/li>\n<\/ul>\n<p><b>Perspectives <\/b><\/p>\n<ul type=\"disc\">\n<li>Pr\u00e9visions continues de la soci\u00e9t\u00e9 pour l'ensemble de l'exercice 2025 :\n<ul type=\"disc\">\n<li>Croissance des revenus moyenne \u00e0 un chiffre;<\/li>\n<li>Croissance du\u00a0BAIIA<i><sup>(i)<\/sup><\/i> ajust\u00e9 par rapport \u00e0 2024, qui devrait atteindre ou d\u00e9passer 634 millions de dollars;<\/li>\n<li>Maintien d'un bilan de qualit\u00e9<i><sup>(ii)<\/sup><\/i>; et<\/li>\n<li>Les d\u00e9penses en immobilisations devraient se situer entre 175 et 200 millions de dollars, principalement consacr\u00e9es aux investissements dans l'entretien.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Se reporter \u00e0 la rubrique intitul\u00e9e \u00ab\u00a0Mesures financi\u00e8res non conformes aux IFRS\u00a0\u00bb dans le pr\u00e9sent communiqu\u00e9.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les Aliments Maple Leaf a r\u00e9organis\u00e9 ses unit\u00e9s d'exploitation, telles qu'elles sont d\u00e9finies plus en d\u00e9tail dans la section intitul\u00e9e \u00ab\u00a0Faits saillants financiers\u00a0\u00bb.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(iii)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Maple Leaf d\u00e9finit l'effet de levier de qualit\u00e9 comme \u00e9tant g\u00e9n\u00e9ralement inf\u00e9rieur \u00e0 3\u00a0fois la dette nette par rapport au BAIIA ajust\u00e9 pour les 12 derniers mois.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b><u>Faits saillants financiers<\/u><\/b><\/p>\n<p>Dans le cadre de la restructuration de ses activit\u00e9s commerciales et de sa cha\u00eene d'approvisionnement au cours de 2024,\u00a0la soci\u00e9t\u00e9 a divis\u00e9 ses activit\u00e9s d'aliments pr\u00e9par\u00e9s en deux unit\u00e9s d'exploitation; les aliments pr\u00e9par\u00e9s, qui englobe ses cat\u00e9gories de viandes pr\u00e9par\u00e9es et de prot\u00e9ines v\u00e9g\u00e9tales, et la volaille, qui englobe sa cat\u00e9gorie de volaille fra\u00eeche.<\/p>\n<p>Les Aliments Maple Leaf compte maintenant trois unit\u00e9s d'exploitation : Les aliments pr\u00e9par\u00e9s, la volaille et le porc,\u00a0qui repr\u00e9sentent environ 55 %, 20 % et 25 % des revenus totaux de la soci\u00e9t\u00e9, respectivement.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen4\" colspan=\"5\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Pour le<\/b> <b>trimestre clos le 31\u00a0mars,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en millions de dollars, sauf le b\u00e9n\u00e9fice par action)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Variation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Ventes<i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0241,3\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0147,3\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">8,2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Profit brut<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>217,8\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">226,3\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,8)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Frais de vente et charges g\u00e9n\u00e9rales et administratives<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>114,8\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">110,0\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,4\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49,6\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51,6\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,9)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice de base par action<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,40\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,42\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(4,8)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">R\u00e9sultat d'exploitation ajust\u00e9<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>95,7\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">53,0\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">80,8\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">BAIIA ajust\u00e9<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>166,3\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">116,4\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42,9\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Marge du BAIIA ajust\u00e9<i><sup>(ii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>13,4\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,1\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">330 bps<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0B\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>74,7\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,4\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">nm<i><sup>(iii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice ajust\u00e9 par action<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,43\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,04\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">nm<i><span class=\"prnews_span\"><sup>(iii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Flux de tr\u00e9sorerie disponibles<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(13,6)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">73,6\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">nm<i><span class=\"prnews_span\"><sup>(iii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0Dette nette<i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0553,7\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0722,8\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(9,8)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les montants trimestriels pour\u00a02024 ont \u00e9t\u00e9 retrait\u00e9s afin d'\u00e9liminer les nouvelles ententes de vente conclues au cours de l'exercice qui contenaient une attente de rachat, montants qui ont \u00e9t\u00e9 constat\u00e9s pr\u00e9c\u00e9demment \u00e0 titre de ventes externes.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii) <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Se reporter \u00e0 la rubrique intitul\u00e9e \u00ab\u00a0Mesures financi\u00e8res non conformes aux IFRS\u00a0\u00bb dans le pr\u00e9sent communiqu\u00e9. <\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(iii) <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Non significatif.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Les ventes pour le premier trimestre de 2025 se sont \u00e9lev\u00e9es \u00e0 1 241,3 millions de dollars comparativement \u00e0 1 147,3 millions de dollars \u00e0 l'exercice pr\u00e9c\u00e9dent, soit une augmentation de 8,2 %. Les ventes d'aliments pr\u00e9par\u00e9s ont augment\u00e9 de 7,1 % en raison de la croissance du volume et d'un meilleur assortiment de produits, des prix plus \u00e9lev\u00e9s et de l'incidence favorable du taux de change en ce qui concerne les ventes aux \u00c9tats-Unis, qui ont \u00e9t\u00e9 partiellement contrebalanc\u00e9es par l'augmentation des promotions commerciales. L'augmentation des ventes de 6,0 % dans le secteur de la volaille est attribuable \u00e0 l'am\u00e9lioration de la composition des canaux li\u00e9e \u00e0 la croissance du volume de vente au d\u00e9tail et \u00e0 la r\u00e9duction des ventes industrielles.\u00a0Les ventes de porc ont augment\u00e9 de 12,0\u00a0% en raison d'une augmentation du nombre de porcs transform\u00e9s et du poids moyen plus \u00e9lev\u00e9 des porcs, de l'incidence favorable du taux de change et des prix plus \u00e9lev\u00e9s sur le march\u00e9.<\/p>\n<p>Le profit brut du premier trimestre de 2025 s'est \u00e9tabli \u00e0 217,8 millions de dollars (marge brute de 17,5 %) comparativement\u00a0\u00e0 226,3\u00a0millions de dollars (marge brute de 19,7\u00a0%)\u00a0\u00e0 l'exercice pr\u00e9c\u00e9dent. La diminution du profit brut est attribuable \u00e0\u00a0une r\u00e9duction de la note sur l'\u00e9valuation boursi\u00e8re des actifs biologiques et des pertes latentes sur les contrats \u00e0 terme normalis\u00e9s de marchandises, ainsi qu'\u00e0 une augmentation des promotions commerciales. Ces facteurs ont \u00e9t\u00e9 partiellement annul\u00e9s par l'am\u00e9lioration des conditions du march\u00e9 du porc, le volume favorable et le chiffre d'affaires des secteurs des aliments pr\u00e9par\u00e9s et de la volaille, l'efficacit\u00e9 op\u00e9rationnelle, y compris les avantages d\u00e9coulant des investissements dans les installations de l'usine avicole de <span class=\"xn-location\">London<\/span> et du Bacon Centre of Excellence, et la diminution des co\u00fbts de d\u00e9marrage.<\/p>\n<p>Au premier trimestre de\u00a02025, les frais de vente et charges g\u00e9n\u00e9rales et administratives se sont \u00e9tablis \u00e0 114,8\u00a0millions de dollars, en hausse par rapport \u00e0 110,0\u00a0millions de dollars \u00e0 l'exercice pr\u00e9c\u00e9dent. L'augmentation des frais de vente et charges g\u00e9n\u00e9rales et administratives est principalement attribuable \u00e0 la hausse des d\u00e9penses publicitaires et promotionnelles et \u00e0\u00a0une charge de r\u00e9mun\u00e9ration variable plus \u00e9lev\u00e9e.<\/p>\n<p>Le b\u00e9n\u00e9fice net du premier trimestre de\u00a02025 s'est chiffr\u00e9 \u00e0 49,6\u00a0millions de dollars (0,40\u00a0$ par action de base), ce qui demeure g\u00e9n\u00e9ralement conforme \u00e0 51,6\u00a0millions de dollars\u00a0(0,42\u00a0$ par action de base) lors de l'exercice pr\u00e9c\u00e9dent. Le b\u00e9n\u00e9fice a subi l'incidence des m\u00eames facteurs que ceux mentionn\u00e9s ci-dessus pour le b\u00e9n\u00e9fice brut et les frais de vente et charges g\u00e9n\u00e9rales et administratives, ainsi que de la r\u00e9duction des charges d'int\u00e9r\u00eats, de la baisse des autres d\u00e9penses et des co\u00fbts suppl\u00e9mentaires associ\u00e9s \u00e0 la scission partielle \u00e0 venir des activit\u00e9s li\u00e9es au porc, facteurs qui ont \u00e9t\u00e9 comptabilis\u00e9s en dehors du b\u00e9n\u00e9fice d'exploitation ajust\u00e9.<\/p>\n<p>Le r\u00e9sultat d'exploitation ajust\u00e9 pour le premier trimestre de 2025 se chiffre \u00e0 95,7 millions de dollars, comparativement\u00a0\u00e0 53,0 millions de dollars au dernier exercice. L'augmentation, dans la tendance des facteurs susmentionn\u00e9s concernant\u00a0le b\u00e9n\u00e9fice brut et les frais de vente et charges g\u00e9n\u00e9rales et administratives, exclut \u00e9galement l'incidence des ajustements \u00e0<br \/>\nla valeur de march\u00e9 non r\u00e9alis\u00e9s et des co\u00fbts de d\u00e9marrage.<\/p>\n<p>Au premier trimestre, Le BAIIA ajust\u00e9 \u00e9tait de 166,3\u00a0millions de dollars, comparativement \u00e0 116,4\u00a0millions de dollars l'an dernier, en raison de facteurs coh\u00e9rents avec ceux mentionn\u00e9s ci-dessus pour le b\u00e9n\u00e9fice d'exploitation ajust\u00e9, ainsi que de la baisse des autres charges, en grande partie en raison du calendrier et d'\u00e9l\u00e9ments non r\u00e9currents. La marge du BAIIA ajust\u00e9 \u00e9tait\u00a0de 13,4\u00a0%, comparativement \u00e0 10,1\u00a0% \u00e0 l'exercice pr\u00e9c\u00e9dent, \u00e9galement en raison des facteurs susmentionn\u00e9s.<\/p>\n<p>Au premier trimestre de 2025, le b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9 s'est\u00a0\u00e9tabli \u00e0 74,7\u00a0millions de dollars, par rapport \u00e0 10,4\u00a0millions de dollars lors de l'exercice pr\u00e9c\u00e9dent, en raison de facteurs semblables \u00e0 ceux mentionn\u00e9s ci-dessus pour le BAIIA ajust\u00e9\u00a0et d'une baisse des charges d'int\u00e9r\u00eats.<\/p>\n<p>Le b\u00e9n\u00e9fice ajust\u00e9 par action pour le premier trimestre de 2025 s'est \u00e9tabli \u00e0 0,43 $ par rapport \u00e0 0,04 $ l'an dernier, dans\u00a0la tendance des facteurs susmentionn\u00e9s pour le b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9.<\/p>\n<p>Les flux de tr\u00e9sorerie disponibles pour le premier trimestre de\u00a02025 se sont chiffr\u00e9s \u00e0 13,6\u00a0millions de dollars, comparativement \u00e0 une rentr\u00e9e de fonds de 73,6\u00a0millions de dollars \u00e0 l'exercice pr\u00e9c\u00e9dent. Les flux de tr\u00e9sorerie disponibles ont diminu\u00e9 en grande partie en raison du moment o\u00f9 l'investissement dans le fonds de roulement saisonnier a annul\u00e9 l'augmentation des gains en esp\u00e8ces et la baisse des paiements d'int\u00e9r\u00eats.<\/p>\n<p>La dette nette au 31\u00a0mars\u00a02025 \u00e9tait de 1\u00a0553,7\u00a0millions de dollars, soit une diminution de 169,1\u00a0millions de dollars par rapport \u00e0 l'exercice pr\u00e9c\u00e9dent.<\/p>\n<p><i>Remarque\u00a0: Plusieurs \u00e9l\u00e9ments sont exclus de l'analyse du r\u00e9sultat sous-jacent, puisqu'ils ne sont pas repr\u00e9sentatifs des activit\u00e9s d'exploitation courantes de la soci\u00e9t\u00e9. Se reporter \u00e0 la rubrique intitul\u00e9e \u00ab\u00a0Mesures financi\u00e8res non conformes aux IFRS\u00a0\u00bb \u00e0 la fin du pr\u00e9sent communiqu\u00e9 pour obtenir la description et le rapprochement de toutes les mesures financi\u00e8res non conformes aux IFRS.\u00a0<\/i><\/p>\n<p><b><u>Autres consid\u00e9rations<\/u><\/b><\/p>\n<p>Le 7\u00a0mai\u00a02025, le conseil d'administration a approuv\u00e9 un dividende trimestriel de 0,24\u00a0$ par action (en hausse de 0,02\u00a0$ par action par rapport au dividende du premier trimestre de\u00a02024), soit 0,96\u00a0$ par action sur une base annuelle, payable le 30\u00a0juin\u00a02025 aux actionnaires inscrits \u00e0 la fermeture des bureaux le 6\u00a0juin\u00a02025. Sauf indication contraire de la soci\u00e9t\u00e9 au plus tard \u00e0 la date de paiement du dividende, le dividende sera consid\u00e9r\u00e9 comme admissible au cr\u00e9dit d'imp\u00f4t pour dividendes am\u00e9lior\u00e9. Le r\u00e9gime de r\u00e9investissement de dividendes de la soci\u00e9t\u00e9 permet aux actionnaires admissibles de demander que leurs dividendes en esp\u00e8ces soient r\u00e9investis dans des actions ordinaires suppl\u00e9mentaires de la soci\u00e9t\u00e9. La soci\u00e9t\u00e9 a \u00e9limin\u00e9 l'escompte de 2\u00a0% sur les actions de tr\u00e9sorerie \u00e9mises en vertu du r\u00e9gime de r\u00e9investissement de dividendes \u00e0 compter de\u00a02025. Par cons\u00e9quent, pour les actionnaires qui souhaitent r\u00e9investir leurs dividendes dans le cadre du r\u00e9gime de r\u00e9investissement de dividendes, Les Aliments Maple Leaf a l'intention d'\u00e9mettre des actions ordinaires en capital \u00e0 un prix \u00e9gal \u00e0 100\u00a0% du prix de cl\u00f4ture moyen pond\u00e9r\u00e9 des actions pour les cinq jours de bourse pr\u00e9c\u00e9dant la date de paiement du dividende. De plus amples renseignements, sur le r\u00e9gime de r\u00e9investissement de dividendes, notamment sur la fa\u00e7on de s'inscrire au programme, sont disponibles \u00e0 l'adresse <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=4417306-1&amp;h=954852270&amp;u=https%3A%2F%2Fwww.mapleleaffoods.com%2Ffr%2Finvestisseurs%2Finformation-sur-les-actions&amp;a=https%3A%2F%2Fwww.mapleleaffoods.com%2Ffr%2Finvestisseurs%2Finformation-sur-les-actions\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.mapleleaffoods.com\/fr\/investisseurs\/information-sur-les-actions<\/a>.<\/p>\n<p><b><u>Conf\u00e9rence t\u00e9l\u00e9phonique<\/u><\/b><\/p>\n<p>Une conf\u00e9rence t\u00e9l\u00e9phonique aura lieu \u00e0 8\u00a0h, HE, le 8\u00a0mai\u00a02025, afin de passer en revue les r\u00e9sultats financiers du premier trimestre de Les\u00a0Aliments Maple Leaf. Pour y participer, veuillez composer le 416\u00a0945-7677 ou le 1\u00a0888\u00a0669-1199.<br \/>\nLes personnes qui ne peuvent participer \u00e0 la conf\u00e9rence pourront \u00e9couter un enregistrement qui sera disponible une heure apr\u00e8s l'\u00e9v\u00e9nement au 289\u00a0819-1450 ou au 1\u00a0888\u00a0660-6345, code d'acc\u00e8s\u00a0: 62945\u00a0#).<\/p>\n<p>Une webdiffusion de la conf\u00e9rence t\u00e9l\u00e9phonique du premier trimestre sera \u00e9galement disponible \u00e0\u00a0: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=4417306-1&amp;h=3590913294&amp;u=https%3A%2F%2Fwww.mapleleaffoods.com%2Finvestors%2Fevents-and-presentations%2F&amp;a=https%3A%2F%2Fwww.mapleleaffoods.com%2Finvestors%2Fevents-and-presentations%2F\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.mapleleaffoods.com\/investors\/events-and-presentations\/<\/a>.<\/p>\n<p>Il est possible de consulter la version int\u00e9grale des \u00e9tats financiers interm\u00e9diaires consolid\u00e9s condens\u00e9s non audit\u00e9s (\u00ab\u00a0\u00e9tats financiers interm\u00e9diaires consolid\u00e9s\u00a0\u00bb) et du rapport de gestion connexe de la soci\u00e9t\u00e9 sur son site\u00a0Web et sur SEDAR+ \u00e0\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=4417306-1&amp;h=3495762535&amp;u=https%3A%2F%2Fwww.sedarplus.ca%2F&amp;a=www.sedarplus.ca\" target=\"_blank\" rel=\"nofollow noopener\">www.sedarplus.ca<\/a>.<\/p>\n<p>Un document \u00e0 l'intention des investisseurs sur les r\u00e9sultats financiers de la soci\u00e9t\u00e9 pour le premier trimestre peut \u00eatre consult\u00e9 en ligne \u00e0 l'adresse <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=4417306-1&amp;h=2329474800&amp;u=https%3A%2F%2Fwww.mapleleaffoods.com%2F&amp;a=www.mapleleaffoods.com%2Ffr%2F\" target=\"_blank\" rel=\"nofollow noopener\">www.mapleleaffoods.com\/fr\/<\/a>,\u00a0sous Information financi\u00e8re \u00e0 la page Investisseurs.<\/p>\n<p><b><u>Perspectives <\/u><\/b><\/p>\n<p>Les Aliments Maple Leaf est une soci\u00e9t\u00e9 chef de file des produits de prot\u00e9ines soutenue par un puissant portefeuille de marques, et une figure de proue en mati\u00e8re de durabilit\u00e9 et de s\u00e9curit\u00e9 alimentaire. La soci\u00e9t\u00e9 poursuit l'ex\u00e9cution de son plan strat\u00e9gique, qui d\u00e9finit la voie qu'elle utilisera pour faire progresser sa vision d'\u00eatre la soci\u00e9t\u00e9 ayant les pratiques de production de prot\u00e9ines les plus durables au monde tout en r\u00e9alisant ses objectifs commerciaux et financiers. L'un des principaux livrables en\u00a02025 est l'ex\u00e9cution de la scission annonc\u00e9e pr\u00e9c\u00e9demment de ses activit\u00e9s li\u00e9es au porc, qui cr\u00e9e de la valeur pour toutes les parties prenantes en cr\u00e9ant deux soci\u00e9t\u00e9s ouvertes solides et ind\u00e9pendantes\u00a0: Les Aliments Maple Leaf en tant qu'entreprise du secteur des biens de consommation emball\u00e9s ax\u00e9e sur les prot\u00e9ines, et Canada Packers en tant qu'entreprise mondiale de premier plan dans le secteur du porc. Jusqu'\u00e0 ce que la scission soit conclue, la Soci\u00e9t\u00e9 consid\u00e8re toujours ses activit\u00e9s<br \/>\nde fa\u00e7on globale.<\/p>\n<p><b>Pr\u00e9visions de la soci\u00e9t\u00e9 pour l'ensemble de l'exercice\u00a02025\u00a0:<\/b><\/p>\n<ul type=\"disc\">\n<li>Croissance des revenus moyenne \u00e0 un chiffre.<\/li>\n<li>Am\u00e9lioration importante du BAIIA ajust\u00e9 par rapport \u00e0 2024, qui devrait atteindre ou d\u00e9passer 634 millions de dollars, soutenue par :\n<ul type=\"disc\">\n<li>une ann\u00e9e compl\u00e8te d'avantages li\u00e9s aux grands projets d'immobilisations de l'usine avicole de <span class=\"xn-location\">London<\/span> et<br \/>\ndu Bacon Centre of Excellence, ainsi que des avantages d\u00e9coulant de l'expansion de la production de volaille transform\u00e9e \u00e0 l'usine de Walker Road;<\/li>\n<li>une adaptation soutenue \u00e0 l'environnement de consommation, appuy\u00e9e par des plans de gestion de la marque et des revenus pour optimiser le volume et la composition et tirer parti de la demande croissante<br \/>\ndes consommateurs pour des prot\u00e9ines;<\/li>\n<li>un retour \u00e0 des niveaux de rentabilit\u00e9 plus normaux dans l'unit\u00e9 d'exploitation du porc;<\/li>\n<li>l'initiative <i>Alimentons la croissance<\/i> de la soci\u00e9t\u00e9, qui acc\u00e9l\u00e9rera la r\u00e9duction des co\u00fbts et l'avantage concurrentiel de Maple Leaf gr\u00e2ce \u00e0 des \u00e9conomies r\u00e9alis\u00e9es au sein de la cha\u00eene d'approvisionnement,<br \/>\n\u00e0 des r\u00e9ductions des frais de vente et charges g\u00e9n\u00e9rales et administratives et \u00e0 l'ach\u00e8vement d'un examen strat\u00e9gique de la fabrication.<\/li>\n<\/ul>\n<\/li>\n<li>Continuer de mettre l'accent sur l'utilisation des flux de tr\u00e9sorerie disponibles pour renforcer davantage le bilan, facilitant ainsi un plus grand choix pour l'affectation du capital \u00e0 l'avenir :\n<ul type=\"disc\">\n<li>l'objectif est le maintien d'un bilan de qualit\u00e9<i><sup>(i)<\/sup>;<\/i><\/li>\n<li>maintien d'une approche disciplin\u00e9e pour les d\u00e9penses en immobilisations qui se situeront entre 175 et 200 millions de dollars, dont environ 130 millions de dollars en immobilisations d'entretien et le reste en capital de croissance;<\/li>\n<li>les initiatives visant \u00e0 cr\u00e9er de la valeur pour les actionnaires, y compris l'ex\u00e9cution de la scission de Canada Packers, l'annonce r\u00e9cente d'une augmentation de 9 % du dividende annuel et l'\u00e9limination de l'escompte sur le plan de r\u00e9investissement de dividendes de la soci\u00e9t\u00e9, ainsi que l'\u00e9valuation de solutions futures d'affectation du capital.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Les Aliments Maple Leaf reconnait que les facteurs macro\u00e9conomiques continuent d'influencer fortement l'environnement op\u00e9rationnel actuel, ce qui cr\u00e9e de l'incertitude et une possible volatilit\u00e9. Une telle situation a certaines r\u00e9percussions sur les activit\u00e9s de la soci\u00e9t\u00e9, notamment l'influence de ces dynamiques sur la perception des consommateurs, l'activit\u00e9 de la cha\u00eene d'approvisionnement, l'acc\u00e8s aux march\u00e9s, les obstacles au commerce et les taux de change. La soci\u00e9t\u00e9 tire parti d'informations fond\u00e9es sur les donn\u00e9es pour rester \u00e0 l'aff\u00fbt de l'\u00e9volution de la situation, et elle a confiance dans la r\u00e9silience de ses marques, de son mod\u00e8le d'affaires et de sa strat\u00e9gie pour \u00e9voluer dans les conditions \u00e9conomiques actuelles. En m\u00eame temps, elle reconna\u00eet que le contexte pourrait influer sur sa capacit\u00e9 \u00e0 fournir ses pr\u00e9visions pour 2025, notamment l'incidence des tarifs douaniers entre le <span class=\"xn-location\">Canada<\/span> et les \u00c9tats-Unis. La soci\u00e9t\u00e9 continue de surveiller de pr\u00e8s l'\u00e9volution du contexte tarifaire afin d'\u00eatre pr\u00eate \u00e0 s'adapter rapidement aux circonstances changeantes. Elle s'est d\u00e9j\u00e0 adapt\u00e9e aux changements de perception des consommateurs qui ont \u00e9merg\u00e9, notamment en lan\u00e7ant des campagnes de marque au <span class=\"xn-location\">Canada<\/span> faisant \u00e9cho au mouvement \u00ab Achetez canadien \u00bb. (Se reporter \u00e0 la section 23. Facteurs de risque dans le rapport de gestion de la soci\u00e9t\u00e9 pour l'exercice clos le 31 d\u00e9cembre 2024 tel que d\u00e9pos\u00e9 sur SEDAR+.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Maple Leaf d\u00e9finit l'effet de levier de qualit\u00e9 comme \u00e9tant g\u00e9n\u00e9ralement inf\u00e9rieur \u00e0 3,0\u00a0fois la dette nette par rapport au BAIIA ajust\u00e9 des douze derniers mois<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b><u>Mesures financi\u00e8res non conformes aux IFRS<\/u><\/b><\/p>\n<p>La soci\u00e9t\u00e9 utilise les mesures non conformes aux IFRS suivantes\u00a0: le r\u00e9sultat d'exploitation ajust\u00e9, le r\u00e9sultat ajust\u00e9 par action, le BAIIA ajust\u00e9, la marge du BAIIA ajust\u00e9, le b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9, les capitaux de construction, la dette nette, la dette nette et le BAIIA ajust\u00e9 des quatre derniers trimestres, les flux de tr\u00e9sorerie disponibles et le rendement de l'actif net. La direction est d'avis que ces mesures non conformes aux IFRS fournissent de l'information utile aux investisseurs pour \u00e9valuer\u00a0le rendement financier de la soci\u00e9t\u00e9 pour les raisons mentionn\u00e9es ci-apr\u00e8s. Ces mesures n'ont pas de signification normalis\u00e9e aux termes des IFRS et, par cons\u00e9quent, elles peuvent ne pas \u00eatre comparables avec des mesures similaires pr\u00e9sent\u00e9es par d'autres soci\u00e9t\u00e9s ouvertes, et elles ne doivent pas \u00eatre consid\u00e9r\u00e9es comme des substituts d'autres mesures financi\u00e8res \u00e9tablies conform\u00e9ment aux IFRS.<\/p>\n<p><b>R\u00e9sultat d'exploitation ajust\u00e9, BAIIA ajust\u00e9, marge du BAIIA ajust\u00e9 et b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9 <\/b><\/p>\n<p>Le r\u00e9sultat d'exploitation ajust\u00e9, le BAIIA ajust\u00e9, la marge du BAIIA ajust\u00e9 et le b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9 sont des mesures non conformes aux IFRS utilis\u00e9es par la direction pour \u00e9valuer le r\u00e9sultat d'exploitation financier. Le r\u00e9sultat d'exploitation ajust\u00e9 est d\u00e9fini comme le r\u00e9sultat avant imp\u00f4t, ajust\u00e9 pour tenir compte des \u00e9l\u00e9ments qui ne sont pas consid\u00e9r\u00e9s comme repr\u00e9sentatifs des activit\u00e9s d'exploitation courantes de l'entreprise et certains \u00e9l\u00e9ments pour lesquels l'incidence \u00e9conomique des op\u00e9rations se refl\u00e9tera dans le r\u00e9sultat des p\u00e9riodes futures lorsque l'actif sous-jacent sera vendu ou transf\u00e9r\u00e9. Le BAIIA ajust\u00e9 est d\u00e9fini comme le r\u00e9sultat d'exploitation ajust\u00e9, major\u00e9 des amortissements des immobilisations incorporelles et ajust\u00e9 pour\u00a0des \u00e9l\u00e9ments inclus dans les autres charges qui sont tenus pour repr\u00e9sentatifs des activit\u00e9s d'exploitation courantes de l'entreprise. La marge du BAIIA ajust\u00e9 est calcul\u00e9e en fonction du BAIIA ajust\u00e9 divis\u00e9 par les ventes. La soci\u00e9t\u00e9 utilise le b\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9 chaque ann\u00e9e pour \u00e9valuer son rendement et il sert au calcul des primes dans le cadre de son r\u00e9gime de primes de rendement \u00e0 court terme. Il s'agit du BAIIA ajust\u00e9 plus les revenus d'int\u00e9r\u00eat, moins l'amortissement et la charge d'int\u00e9r\u00eats, et d'autres co\u00fbts de financement.<\/p>\n<p>Le tableau suivant pr\u00e9sente un rapprochement du r\u00e9sultat net avant imp\u00f4ts\u00a0comme constat\u00e9 aux termes des IFRS dans\u00a0les \u00e9tats financiers consolid\u00e9s condens\u00e9s avec le r\u00e9sultat d'exploitation ajust\u00e9, le BAIIA ajust\u00e9 et le b\u00e9n\u00e9fice apr\u00e8s imp\u00f4ts ajust\u00e9 pour le trimestre clos le 31\u00a0mars\u00a02025 comme il est indiqu\u00e9 ci-dessous. La direction estime que ces mesures non conformes aux IFRS sont utiles pour \u00e9valuer le rendement des activit\u00e9s d'exploitation courantes de la soci\u00e9t\u00e9, ainsi que sa capacit\u00e9\u00a0\u00e0 g\u00e9n\u00e9rer des flux de tr\u00e9sorerie pour financer ses besoins.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en millions de dollars)<span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>B\u00e9n\u00e9fice avant imp\u00f4t sur le r\u00e9sultat<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>70,6\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">73,8\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Charges d'int\u00e9r\u00eats et autres co\u00fbts de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>29,6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42,1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Autres charges<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Frais de restructuration et autres frais\u00a0connexes (reprises)<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(0,7)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>R\u00e9sultat d'exploitation<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>103,0\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">116,3\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Co\u00fbts de d\u00e9marrage des capitaux de construction<i><sup>(ii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,4<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">11,4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Augmentation de la juste valeur des actifs\u00a0biologiques<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(16,4)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(69,1)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Diminution (augmentation) des contrats de d\u00e9riv\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,8<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(5,6)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>R\u00e9sultat d'exploitation ajust\u00e9<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>95,7\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">53,0\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Amortissement<i><sup>(iii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>62,6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">65,0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00c9l\u00e9ments inclus dans les autres produits (charges) qui sont tenus pour repr\u00e9sentatifs des activit\u00e9s\u00a0courantes<i><sup>(iv)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>8,0<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(1,5)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>166,3\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">116,4\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Marge du BAIIA ajust\u00e9<i><span class=\"prnews_span\"><sup>(v)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>13,4\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,1\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Charges d'int\u00e9r\u00eats et autres co\u00fbts de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(29,6)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(42,1)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Revenus d'int\u00e9r\u00eats<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,7<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Amortissement<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(62,6)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(65,0)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>B\u00e9n\u00e9fice avant imp\u00f4ts ajust\u00e9<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>74,7\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,4\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les totaux ne sont pas n\u00e9cessairement justes en raison de l'arrondissement.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i>\u00a0<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les co\u00fbts de d\u00e9marrage sont des co\u00fbts temporaires d\u00e9coulant de l'exploitation de nouvelles installations qui sont ou \u00e9taient pr\u00e9c\u00e9demment class\u00e9es comme capitaux de construction. Ces co\u00fbts peuvent comprendre la formation, la mise \u00e0 l'essai des produits, les \u00e9carts de rendement et d'efficacit\u00e9 de la main-d'\u0153uvre, les frais g\u00e9n\u00e9raux en double, y compris la charge d'amortissement, et d'autres charges temporaires n\u00e9cessaires pour lancer la production.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>La charge d'amortissement incluse dans les co\u00fbts de d\u00e9marrage et de restructuration et les autres co\u00fbts connexes est exclue de ce poste.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(iv) <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Comprend principalement certains co\u00fbts li\u00e9s aux projets durables, les gains et les pertes sur la d\u00e9pr\u00e9ciation et la vente d'actifs \u00e0 long terme, et d'autres charges diverses. <\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(v) <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les montants trimestriels pour\u00a02024 ont \u00e9t\u00e9 retrait\u00e9s afin d'\u00e9liminer les nouvelles ententes de vente conclues au cours de l'exercice qui contenaient une attente de rachat, montants qui ont \u00e9t\u00e9 constat\u00e9s pr\u00e9c\u00e9demment \u00e0 titre de ventes externes.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>R\u00e9sultat ajust\u00e9 par action\u00a0<\/b><\/p>\n<p>Le r\u00e9sultat ajust\u00e9 par action, qui est une mesure non conforme aux IFRS, est utilis\u00e9 par la direction pour \u00e9valuer les r\u00e9sultats financiers d'exploitation. Il est d\u00e9fini comme le b\u00e9n\u00e9fice de base par action et est ajust\u00e9 de la m\u00eame mani\u00e8re que le r\u00e9sultat d'exploitation ajust\u00e9. Le tableau suivant pr\u00e9sente un rapprochement entre le b\u00e9n\u00e9fice de base par action pr\u00e9sent\u00e9 aux termes des IFRS dans les \u00e9tats financiers consolid\u00e9s interm\u00e9diaires et le r\u00e9sultat ajust\u00e9 par action pour le trimestre clos le 31\u00a0mars, comme il est indiqu\u00e9 ci-apr\u00e8s. La direction est d'avis qu'il s'agit de la mesure la plus appropri\u00e9e pour \u00e9valuer les r\u00e9sultats financiers, \u00e9tant donn\u00e9 qu'elle est repr\u00e9sentative des activit\u00e9s courantes de la soci\u00e9t\u00e9.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>($ par action)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice de base par action<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,40\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,42\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Frais de restructuration et autres frais connexes<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,01<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,00<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00c9l\u00e9ments inclus dans les autres charges qui ne sont pas tenus pour repr\u00e9sentatifs<br \/>\ndes activit\u00e9s courantes<i><sup>(ii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,06<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,00<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Co\u00fbts de d\u00e9marrage des capitaux de construction<i><span class=\"prnews_span\"><sup>(iii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,01<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,07<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Variation de la juste valeur des actifs biologiques<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(0,10)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(0,42)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Variation de la juste valeur non r\u00e9alis\u00e9e et diff\u00e9r\u00e9e sur les d\u00e9riv\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,05<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(0,03)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>B\u00e9n\u00e9fice ajust\u00e9 par action<\/b><b><i><span class=\"prnews_span\"><sup>(iv)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,43\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,04\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Comprend l'incidence par action des frais de restructuration et autres frais connexes, apr\u00e8s imp\u00f4t.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Comprend principalement les frais juridiques, les co\u00fbts d'inoccupation li\u00e9s aux immeubles de placement et les co\u00fbts de transaction, apr\u00e8s imp\u00f4t.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(iii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Les co\u00fbts de d\u00e9marrage sont des co\u00fbts temporaires d\u00e9coulant de l'exploitation de nouvelles installations qui sont ou \u00e9taient pr\u00e9c\u00e9demment class\u00e9es comme capitaux de construction. Ces co\u00fbts peuvent comprendre la formation, la mise \u00e0 l'essai des produits, les \u00e9carts de rendement et d'efficacit\u00e9 de la main-d'\u0153uvre, les frais g\u00e9n\u00e9raux en double et d'autres charges temporaires n\u00e9cessaires pour lancer<br \/>\nla production, apr\u00e8s imp\u00f4ts.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(iv)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les totaux ne sont pas n\u00e9cessairement justes en raison de l'arrondissement.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Capitaux de construction<\/b><\/p>\n<p>Les capitaux de construction, une mesure non conforme aux IFRS, sont utilis\u00e9s par la direction pour \u00e9valuer le montant\u00a0des ressources en capital investies dans des projets de d\u00e9veloppement strat\u00e9gique pr\u00e9cis qui ne sont pas encore fonctionnels. Les capitaux de construction et les charges financi\u00e8res connexes sont repr\u00e9sent\u00e9s par les investissements de plus de 50 millions de dollars dans les projets qui sont li\u00e9s aux initiatives strat\u00e9giques \u00e0 long terme, et pour lesquels aucun rendement n'est attendu avant au moins 12 mois \u00e0 partir du d\u00e9but de la construction et l'actif ne sera plus class\u00e9 dans la cat\u00e9gorie des capitaux de construction apr\u00e8s l'entr\u00e9e en exploitation. Il n'y a eu aucun projet de capitaux de construction au cours des trimestres clos\u00a0le 31 mars 2025 ou le 31 mars 2024, car tous les projets avaient \u00e9t\u00e9 achev\u00e9s et reclass\u00e9s dans la cat\u00e9gorie des immobilisations ordinaires.<\/p>\n<p><b>Dette nette <\/b><\/p>\n<p>Le tableau suivant pr\u00e9sente un rapprochement de la dette nette et des montants pr\u00e9sent\u00e9s aux termes des IFRS dans les \u00e9tats financiers consolid\u00e9s int\u00e9rimaires de la soci\u00e9t\u00e9 et calcule le coefficient de la dette nette par rapport au BAIIA ajust\u00e9 des douze derniers mois au 31\u00a0mars, comme il est indiqu\u00e9 ci-apr\u00e8s. La soci\u00e9t\u00e9 \u00e9tablit la dette nette en prenant en compte la tr\u00e9sorerie et les \u00e9quivalents de tr\u00e9sorerie, et en d\u00e9duisant la dette \u00e0 court et \u00e0 long terme et la dette bancaire. La direction est d'avis que cette mesure est utile pour l'\u00e9valuation du montant de levier financier utilis\u00e9.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Au 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Tr\u00e9sorerie et \u00e9quivalents de tr\u00e9sorerie<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>119\u00a0051\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">206\u00a0393\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Tranche de la dette \u00e0 long terme \u00e9ch\u00e9ant \u00e0 moins d'un an<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(302\u00a0009)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(401\u00a0538)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Dette \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0370\u00a0701)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(1\u00a0527\u00a0665)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total de la dette<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0672\u00a0710)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(1\u00a0929\u00a0203)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Dette nette<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0553\u00a0659)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(1\u00a0722\u00a0810)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>166\u00a0347\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">116\u00a0446\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9 des douze derniers mois<i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>603\u00a0125\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">468\u00a0738\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Dette nette et BAIIA ajust\u00e9 douze derniers mois<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,7<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i>\u00a0<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les douze derniers mois comprennent le deuxi\u00e8me trimestre de 2024, le troisi\u00e8me trimestre de 2024, le quatri\u00e8me trimestre de 2024 et\u00a0le premier trimestre de 2025 pour 2025; et le deuxi\u00e8me trimestre de 2023, le troisi\u00e8me trimestre de 2023, le quatri\u00e8me trimestre de 2023 et\u00a0le premier trimestre de 2024 pour 2024.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Flux de tr\u00e9sorerie disponibles<\/b><\/p>\n<p>Les flux de tr\u00e9sorerie disponibles, une mesure non conforme aux IFRS, sont utilis\u00e9s par la direction pour \u00e9valuer la tr\u00e9sorerie apr\u00e8s investissement dans l'entretien de la base d'actifs de la soci\u00e9t\u00e9. Ils correspondent aux flux de tr\u00e9sorerie d'exploitation, moins l'investissement dans l'entretien<i><sup>(i)<\/sup><\/i>\u00a0et les int\u00e9r\u00eats connexes pay\u00e9s et capitalis\u00e9s. Le tableau suivant calcule les flux de tr\u00e9sorerie disponibles pour les p\u00e9riodes indiqu\u00e9es ci-dessous\u00a0:<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s d'exploitation<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>9\u00a0883\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">87\u00a0325\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Capital n\u00e9cessaire \u00e0 l'entretien<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(23\u00a0240)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(13\u00a0436)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Int\u00e9r\u00eats pay\u00e9s et capitalis\u00e9s li\u00e9s au capital n\u00e9cessaire \u00e0 l'entretien<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(270)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(263)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Flux de tr\u00e9sorerie disponibles<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(13\u00a0627)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">73\u00a0626\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>L'investissement dans l'entretien est d\u00e9fini comme un investissement non discr\u00e9tionnaire n\u00e9cessaire pour maintenir les activit\u00e9s actuelles de la soci\u00e9t\u00e9 et sa position concurrentielle.<\/i><i> Pour le trimestre clos le 31 mars 2025, les d\u00e9penses en immobilisations totales de 24,9 millions de dollars (23,8 millions de dollars en 2024) constat\u00e9es dans les \u00e9tats int\u00e9rimaires consolid\u00e9s des flux de tr\u00e9sorerie se composent de l'investissement dans l'entretien de 23,2 millions de dollars (13,4 millions de dollars en 2024), et d'un capital de croissance de 1,7 million de dollars (10,4 millions de dollars en 2024). Le capital de croissance est d\u00e9fini comme les investissements discr\u00e9tionnaires destin\u00e9s \u00e0 cr\u00e9er de la valeur pour les intervenants au moyen d'initiatives qui, par exemple, augmentent les marges, accroissent les capacit\u00e9s ou cr\u00e9ent un avantage concurrentiel suppl\u00e9mentaire.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Rendement de l'actif net<\/b><\/p>\n<p>Le rendement de l'actif net est calcul\u00e9 en divisant le r\u00e9sultat d'imp\u00f4t sur le revenu d'exploitation (ajust\u00e9 pour les \u00e9l\u00e9ments qui ne sont pas consid\u00e9r\u00e9s comme repr\u00e9sentatifs des op\u00e9rations sous-jacentes de l'entreprise) par l'actif net mensuel moyen. L'actif net est d\u00e9fini comme le total de l'actif (\u00e0 l'exclusion de la tr\u00e9sorerie et des actifs d'imp\u00f4t diff\u00e9r\u00e9) moins le passif ne portant pas int\u00e9r\u00eat (\u00e0 l'exclusion des passifs d'imp\u00f4t diff\u00e9r\u00e9). La direction croit que le rendement de l'actif net est une base appropri\u00e9e pour \u00e9valuer le rendement financier \u00e0 long terme.<\/p>\n<p><b><u>\u00c9nonc\u00e9s prospectifs<\/u><\/b><\/p>\n<p>Le pr\u00e9sent document et les communications publiques, orales ou \u00e9crites, de la soci\u00e9t\u00e9 contiennent souvent des \u00ab \u00e9nonc\u00e9s prospectifs \u00bb, selon la d\u00e9finition qu'en donne la loi sur les valeurs mobili\u00e8res applicable. Ces \u00e9nonc\u00e9s sont fond\u00e9s sur les attentes actuelles, les estimations, les projections, les croyances, les jugements et les hypoth\u00e8ses fond\u00e9s sur l'information disponible\u00a0au moment o\u00f9 l'\u00e9nonc\u00e9 prospectif a \u00e9t\u00e9 formul\u00e9 et fait \u00e0 la lumi\u00e8re de l'exp\u00e9rience de la soci\u00e9t\u00e9 et de sa perception\u00a0des tendances historiques. Ces \u00e9nonc\u00e9s comprennent, sans s'y limiter, des \u00e9nonc\u00e9s sur les objectifs de la soci\u00e9t\u00e9 ainsi que<br \/>\ndes \u00e9nonc\u00e9s li\u00e9s aux opinions, plans, cibles, buts, objectifs, attentes, anticipations, estimations et intentions de la soci\u00e9t\u00e9.\u00a0Les \u00e9nonc\u00e9s prospectifs sont habituellement d\u00e9finis par des mots comme \u00ab anticiper \u00bb, \u00ab poursuivre \u00bb, \u00ab estimer \u00bb, \u00ab s'attendre \u00bb, \u00ab peut \u00bb, \u00ab fera \u00bb, \u00ab projeter \u00bb, \u00ab devrait \u00bb, \u00ab pourrait \u00bb, \u00ab croire \u00bb, \u00ab planifier \u00bb, \u00ab avoir l'intention de \u00bb, \u00ab concevoir \u00bb, \u00ab cibler \u00bb, \u00ab entreprendre \u00bb, \u00ab voir \u00bb, \u00ab indiquer \u00bb, \u00ab maintenir \u00bb, \u00ab explorer \u00bb, \u00ab entra\u00eener \u00bb, \u00ab \u00e9ch\u00e9ancier \u00bb, \u00ab objectif \u00bb, \u00ab strat\u00e9gie \u00bb, \u00ab probable \u00bb, \u00ab potentiel \u00bb, \u00ab perspectives \u00bb, \u00ab viser \u00bb, \u00ab proposer \u00bb, \u00ab but \u00bb, et des expressions similaires sugg\u00e9rant des \u00e9v\u00e9nements futurs ou des performances futures. Ces \u00e9nonc\u00e9s ne constituent pas des garanties\u00a0au sujet du rendement futur et concernent des hypoth\u00e8ses, des risques et des incertitudes difficiles \u00e0 pr\u00e9voir.<\/p>\n<p>De par leur nature, ces \u00e9nonc\u00e9s comportent des risques connus et inconnus, des incertitudes et d'autres facteurs qui pourraient faire en sorte que les r\u00e9sultats ou faits r\u00e9els divergent substantiellement de ceux qui avaient \u00e9t\u00e9 pr\u00e9vus. La soci\u00e9t\u00e9 croit que\u00a0les attentes refl\u00e9t\u00e9es dans ces \u00e9nonc\u00e9s prospectifs sont raisonnables, mais que rien ne garantit qu'elles s'av\u00e9reront exactes. Le lecteur ne devrait pas se fier sans r\u00e9serve \u00e0 de tels \u00e9nonc\u00e9s prospectifs.<\/p>\n<ul type=\"disc\">\n<li>L'information prospective sp\u00e9cifique contenue dans le pr\u00e9sent document peut comprendre, sans s'y limiter, des \u00e9nonc\u00e9s concernant ce qui suit :<\/li>\n<li>les modalit\u00e9s, le calendrier, l'obtention de toutes les approbations, la structure pr\u00e9vue, les avantages pr\u00e9vus, les risques, les co\u00fbts, les dissynergies et les r\u00e9percussions fiscales associ\u00e9s \u00e0 la scission, y compris l'obtention en temps voulu<br \/>\nd'une d\u00e9cision fiscale anticip\u00e9e de l'ARC dans une forme et un contenu jug\u00e9s satisfaisants par la soci\u00e9t\u00e9);<\/li>\n<li>le rendement financier futur pr\u00e9vu des entreprises \u00e0 la suite de la scission, y compris la structure des entreprises apr\u00e8s<br \/>\nla s\u00e9paration, la mise en \u0153uvre des accords propos\u00e9s entre les entreprises et la capacit\u00e9 de chaque entreprise \u00e0 ex\u00e9cuter ses strat\u00e9gies commerciales et de d\u00e9veloppement durable respectives;<\/li>\n<li>la conclusion de l'accord sur les questions fiscales avec M. H. McCain, J. McCain et McCain Capital Inc. (les \u00ab parties McCain \u00bb) et la satisfaction aux conditions de cet accord, ainsi que le soutien futur du vote en faveur de la scission;<\/li>\n<li>les hypoth\u00e8ses sur le contexte \u00e9conomique notamment les r\u00e9percussions des tarifs douaniers, des pressions inflationnistes sur le comportement des clients et des consommateurs, les cha\u00eenes d'approvisionnement, les conflits mondiaux et<br \/>\nla dynamique concurrentielle;<\/li>\n<li>les flux de tr\u00e9sorerie futurs pr\u00e9vus et leur suffisance, les sources de capitaux \u00e0 des taux attrayants, les obligations contractuelles futures, les options de financement futures, le renouvellement des facilit\u00e9s de cr\u00e9dit, la conformit\u00e9 \u00e0 certaines des clauses restrictives dans le cadre des facilit\u00e9s de cr\u00e9dit, et la disponibilit\u00e9 de capitaux pour financer les plans de croissance; les obligations d'exploitation et le versement de dividendes;<\/li>\n<li>le rendement futur, y compris les objectifs financiers futurs, les buts et les cibles, l'analyse de la croissance des cat\u00e9gories, les d\u00e9penses en immobilisations pr\u00e9vues et les d\u00e9penses pr\u00e9vues en mati\u00e8re de frais de vente et charges g\u00e9n\u00e9rales et administratives, la dynamique du march\u00e9 mondial du porc, les perspectives de marge sur le march\u00e9 d'exportation du Japon, les march\u00e9s du travail, les pressions inflationnistes (y compris la capacit\u00e9 d'\u00e9tablir un prix en fonction de l'inflation);<\/li>\n<li>la possible r\u00e9p\u00e9tition d'un incident de cybers\u00e9curit\u00e9 sur les syst\u00e8mes, les activit\u00e9s et les op\u00e9rations de la soci\u00e9t\u00e9 ou<br \/>\nla possibilit\u00e9 qu'un tel incident se reproduise, ainsi que sa capacit\u00e9 d'att\u00e9nuer les r\u00e9percussions financi\u00e8res et op\u00e9rationnelles de l'incident de cybers\u00e9curit\u00e9, le succ\u00e8s des efforts de correction et de reprise, les r\u00e9percussions de<br \/>\nla violation des donn\u00e9es, et les risques permanents associ\u00e9s \u00e0 la cybers\u00e9curit\u00e9;<\/li>\n<li>l'ex\u00e9cution de la strat\u00e9gie commerciale de la soci\u00e9t\u00e9, y compris le d\u00e9veloppement et le calendrier pr\u00e9vu des initiatives commerciales, l'expansion et le repositionnement de la marque, l'investissement et le rendement dans la cat\u00e9gorie<br \/>\ndes prot\u00e9ines v\u00e9g\u00e9tales, l'acc\u00e8s au march\u00e9 en Chine et au Japon, les d\u00e9cisions d'affectation des capitaux (y compris l'investissement dans des rachats d'actions en vertu de l'OPRCNA) et l'investissement dans des occasions de croissance potentielle et les rendements attendus qui y sont associ\u00e9s;<\/li>\n<li>l'incidence des conditions du commerce, des tarifs douaniers et des march\u00e9s internationaux sur les activit\u00e9s de la soci\u00e9t\u00e9, y compris l'acc\u00e8s aux march\u00e9s, les conflits mondiaux et d'autres facteurs sociaux, \u00e9conomiques et politiques qui ont<br \/>\nune incidence sur le commerce;<\/li>\n<li>les r\u00e9percussions associ\u00e9es \u00e0 la propagation de maladies animales exotiques (comme la peste porcine africaine (PPA)) et d'autres maladies animales comme la grippe aviaire;<\/li>\n<li>les conditions concurrentielles et la capacit\u00e9 de la soci\u00e9t\u00e9 de se positionner de fa\u00e7on concurrentielle sur les march\u00e9s o\u00f9 elle est en concurrence;<\/li>\n<li>les projets d'immobilisations, y compris la planification, la construction, les d\u00e9penses estimatives, les calendriers,<br \/>\nles approbations, la capacit\u00e9 pr\u00e9vue, les dates de mise en service et les avantages pr\u00e9vus de la construction de nouvelles installations et de l'agrandissement des installations existantes;<\/li>\n<li>la politique de dividendes de la soci\u00e9t\u00e9, y compris les niveaux futurs et la viabilit\u00e9 des dividendes en esp\u00e8ces, le traitement fiscal de ces derniers et les dates futures de versement des dividendes;<\/li>\n<li>l'incidence des prix des produits de base et du taux de change sur les activit\u00e9s et le rendement financier de la soci\u00e9t\u00e9,<br \/>\ny compris l'utilisation et l'efficacit\u00e9 des instruments de couverture;<\/li>\n<li>les risques op\u00e9rationnels, y compris l'ex\u00e9cution, la surveillance et l'am\u00e9lioration continue des programmes de salubrit\u00e9<br \/>\ndes aliments, les initiatives en mati\u00e8re de sant\u00e9 des animaux et les initiatives de r\u00e9duction des co\u00fbts de la soci\u00e9t\u00e9, et les ententes sur les niveaux de service (y compris les sanctions y \u00e9tant li\u00e9es);<\/li>\n<li>la mise en \u0153uvre, le co\u00fbt et l'incidence des initiatives de protection de l'environnement, la capacit\u00e9 de la soci\u00e9t\u00e9 \u00e0 atteindre ses objectifs relatifs au d\u00e9veloppement durable, les modifications apport\u00e9es aux lois et r\u00e8glements sur le climat et<br \/>\nla durabilit\u00e9, l'\u00e9volution des attentes des clients et des consommateurs en mati\u00e8re de durabilit\u00e9; ainsi que le co\u00fbt futur pr\u00e9vu des mesures d'assainissement li\u00e9es aux passifs environnementaux;<\/li>\n<li>l'adoption de nouvelles normes comptables et son incidence sur la situation financi\u00e8re de la soci\u00e9t\u00e9;<\/li>\n<li>les attentes concernant le rendement des r\u00e9gimes de retraite, y compris l'actif, le passif et les cotisations futurs des r\u00e9gimes de retraite;<\/li>\n<li>les faits nouveaux et les r\u00e9percussions des actions en justice r\u00e9elles ou potentielles.<\/li>\n<\/ul>\n<p>Divers facteurs ou hypoth\u00e8ses sont habituellement appliqu\u00e9s par la soci\u00e9t\u00e9 pour tirer des conclusions ou pour \u00e9tablir\u00a0les pr\u00e9visions, les projections, les pr\u00e9dictions ou les estimations formul\u00e9es dans les \u00e9nonc\u00e9s prospectifs. Ces facteurs et hypoth\u00e8ses sont fond\u00e9s sur les renseignements dont dispose actuellement la soci\u00e9t\u00e9, y compris les renseignements obtenus de sources tierces, et comprennent, sans s'y limiter\u00a0:<\/p>\n<ul type=\"disc\">\n<li>les attentes et les hypoth\u00e8ses concernant le moment et l'ach\u00e8vement de la scission, y compris l'obtention de toutes les approbations n\u00e9cessaires aupr\u00e8s des actionnaires, des tribunaux et d'autres tiers; le soutien futur des votants pour la scission; les implications des risques, des avantages, des co\u00fbts, des dissynergies, de la structure fiscale, du rendement commercial futur de chaque soci\u00e9t\u00e9; l'impact de la mise en \u0153uvre des accords propos\u00e9s \u00e0 conclure entre les soci\u00e9t\u00e9s; et la capacit\u00e9 de chaque soci\u00e9t\u00e9 \u00e0 mettre en \u0153uvre ses strat\u00e9gies commerciales et de d\u00e9veloppement durable afin de g\u00e9n\u00e9rer des rendements;<\/li>\n<li>les attentes et les hypoth\u00e8ses concernant l'obtention en temps voulu d'une d\u00e9cision fiscale anticip\u00e9e de l'ARC dont la forme et le fond sont jug\u00e9s satisfaisants par la soci\u00e9t\u00e9 et qui n'est ni modifi\u00e9e ni retir\u00e9e; la satisfaction aux conditions n\u00e9cessaires \u00e0 la conclusion d'un accord sur les questions fiscales; le respect par les Aliments Maple Leaf, Canada Packers et les \u00ab actionnaires d\u00e9termin\u00e9s \u00bb, tels que d\u00e9finis dans la <span class=\"xn-person\">Loi de<\/span> l'imp\u00f4t sur le revenu (la LIR), des r\u00e8gles relatives aux transactions papillon en vertu de la LIR, tant avant qu'apr\u00e8s la r\u00e9alisation de la scission;<\/li>\n<li>les attentes concernant les adaptations des op\u00e9rations, de la cha\u00eene d'approvisionnement, du comportement des clients et des consommateurs, des tendances \u00e9conomiques (y compris, mais sans s'y limiter, les march\u00e9s mondiaux du porc),<br \/>\nles taux de change, les tarifs douaniers et d'autres dynamiques du commerce international; l'acc\u00e8s aux capitaux et\u00a0les changements structurels \u00e9ventuels dans les tendances \u00e9conomiques mondiales;<\/li>\n<li>l'environnement concurrentiel, les conditions connexes du march\u00e9 (y compris les tarifs douaniers) et les mesures de la part de march\u00e9, la croissance ou la contraction d'une cat\u00e9gorie, le comportement attendu des concurrents et des clients et\u00a0les tendances des pr\u00e9f\u00e9rences des consommateurs;<\/li>\n<li>le succ\u00e8s de la strat\u00e9gie commerciale de la soci\u00e9t\u00e9 et la relation entre l'\u00e9tablissement des prix, l'inflation, le volume et\u00a0les ventes des produits de la soci\u00e9t\u00e9;<\/li>\n<li>les prix courants des produits de base (en particulier sur les march\u00e9s du porc et des aliments pour animaux),\u00a0les r\u00e9percussions des tarifs douaniers, les taux d'int\u00e9r\u00eat, les taux d'imposition et les taux de change;<\/li>\n<li>les r\u00e9percussions potentielles d\u00e9coulant de l'incident de cybers\u00e9curit\u00e9, notamment les co\u00fbts des mesures de s\u00e9curit\u00e9;\u00a0la possibilit\u00e9 qu'un autre incident survienne dans l'avenir, les risques associ\u00e9s \u00e0 la violation des donn\u00e9es, la disponibilit\u00e9 de l'assurance, l'efficacit\u00e9 des activit\u00e9s de r\u00e9tablissement et de pr\u00e9vention, les activit\u00e9s des tiers, les r\u00e9percussions continues, les r\u00e9ponses des clients, des consommateurs et des fournisseurs et les consid\u00e9rations r\u00e9glementaires;<\/li>\n<li>la situation \u00e9conomique et la dynamique sociopolitique entre le <span class=\"xn-location\">Canada<\/span>, les \u00c9tats-Unis, le Japon et la Chine et la capacit\u00e9 de la soci\u00e9t\u00e9 \u00e0 acc\u00e9der aux march\u00e9s et aux ingr\u00e9dients sources et autres intrants \u00e0 la lumi\u00e8re des perturbations sociopolitiques mondiales, ainsi que l'incidence des conflits mondiaux sur l'inflation, le commerce et les march\u00e9s;<\/li>\n<li>la propagation de maladies animales exotiques (y compris la PPA et la grippe aviaire), les strat\u00e9gies de pr\u00e9paration pour g\u00e9rer cette propagation et les r\u00e9percussions sur tous les march\u00e9s des prot\u00e9ines;<\/li>\n<li>la disponibilit\u00e9 et l'acc\u00e8s aux capitaux pour financer les besoins futurs en immobilisations et les activit\u00e9s courantes;<\/li>\n<li>les attentes concernant la participation aux r\u00e9gimes de retraite de la soci\u00e9t\u00e9 et leur financement;<\/li>\n<li>la disponibilit\u00e9 d'une couverture d'assurance pour g\u00e9rer certaines expositions au risque de responsabilit\u00e9;<\/li>\n<li>l'\u00e9tendue des passifs et des recouvrements futurs li\u00e9s aux revendications juridiques;<\/li>\n<li>les lois r\u00e9glementaires, fiscales et environnementales en vigueur;<\/li>\n<li>les co\u00fbts d'exploitation et le rendement futurs, y compris la capacit\u00e9 de la soci\u00e9t\u00e9 de r\u00e9aliser des \u00e9conomies d'exploitation et de maintenir des volumes de ventes \u00e9lev\u00e9s, un roulement \u00e9lev\u00e9 des stocks et un roulement \u00e9lev\u00e9 des comptes d\u00e9biteurs.<\/li>\n<\/ul>\n<p>Les lecteurs sont pr\u00e9venus que ces hypoth\u00e8ses pourraient se r\u00e9v\u00e9ler erron\u00e9es en tout ou en partie. Les r\u00e9sultats r\u00e9els de\u00a0la soci\u00e9t\u00e9 peuvent diff\u00e9rer sensiblement de ceux pr\u00e9vus dans tout \u00e9nonc\u00e9 prospectif.<\/p>\n<p>Les facteurs qui pourraient faire en sorte que les r\u00e9sultats r\u00e9els diff\u00e8rent consid\u00e9rablement des r\u00e9sultats exprim\u00e9s, implicites ou projet\u00e9s dans les \u00e9nonc\u00e9s prospectifs contenus dans le pr\u00e9sent document comprennent, entre autres, les risques associ\u00e9s\u00a0aux \u00e9l\u00e9ments suivants\u00a0:<\/p>\n<ul type=\"disc\">\n<li>la scission ne se d\u00e9roule pas comme pr\u00e9vu (dans les d\u00e9lais pr\u00e9vus ou pas du tout), notamment parce que les conditions de la transaction, y compris l'obtention de tous les consentements et approbations de tiers, ne sont pas remplies;<\/li>\n<li>la scission ne procure pas les avantages escompt\u00e9s, y compris la capacit\u00e9 des entreprises s\u00e9par\u00e9es \u00e0 r\u00e9ussir chacune\u00a0en tant que soci\u00e9t\u00e9 inscrite en bourse autonome;<\/li>\n<li>l'incidence impr\u00e9vue de l'annonce de la scission et\/ou des modifications apport\u00e9es \u00e0 la structure de la transaction sur\u00a0le cours des titres de la soci\u00e9t\u00e9 ou sur son rendement financier; les r\u00e9sultats de la r\u00e9alisation des plans d'affaires de chacune des entreprises s\u00e9par\u00e9es, la mesure selon laquelle les avantages sont r\u00e9alis\u00e9s ou non et le moment de r\u00e9aliser\u00a0ces avantages, y compris les incidences des r\u00e9sultats financiers de chaque entreprise;<\/li>\n<li>les r\u00e9sultats de l'ex\u00e9cution des plans d'affaires respectifs de chaque entreprise s\u00e9par\u00e9e, la mesure dans laquelle\u00a0les avantages sont r\u00e9alis\u00e9s ou non et le moment o\u00f9 ces avantages sont r\u00e9alis\u00e9s, y compris les r\u00e9percussions sur\u00a0les r\u00e9sultats financiers de chaque entreprise;<\/li>\n<li>la non-satisfaction des conditions \u00e9nonc\u00e9es dans l'accord concernant les questions fiscales \u00e0 conclure avec les parties McCain;<\/li>\n<li>la non-obtention d'une d\u00e9cision fiscale anticip\u00e9e de l'ARC rendue dans des conditions jug\u00e9es acceptables par la soci\u00e9t\u00e9, dont la forme et le fond sont satisfaisants pour la soci\u00e9t\u00e9, et qui n'a pas \u00e9t\u00e9 modifi\u00e9e ou retir\u00e9e;<\/li>\n<li>le non-respect par la soci\u00e9t\u00e9, Canada Packers ou un \u00ab actionnaire d\u00e9termin\u00e9 \u00bb, tel que d\u00e9fini dans la <span class=\"xn-person\">Loi de<\/span> l'imp\u00f4t sur\u00a0le revenu, des r\u00e8gles relatives aux transactions papillon en vertu de la <span class=\"xn-person\">Loi de<\/span> l'imp\u00f4t sur le revenu, ce qui pourrait faire en sorte qu'un imp\u00f4t important soit exigible pour la soci\u00e9t\u00e9 et\/ou Canada Packers;<\/li>\n<li>la non-satisfaction aux conditions n\u00e9cessaires pour obtenir le soutien des votants en faveur de la scission;<\/li>\n<li>les changements structurels possibles dans les mod\u00e8les \u00e9conomiques mondiaux qui pourraient avoir des r\u00e9percussions sur l'exploitation et le rendement financier de la soci\u00e9t\u00e9, ainsi que les r\u00e9percussions permanentes sur les tendances macro\u00e9conomiques, les mesures commerciales et les conflits mondiaux;<\/li>\n<li>les tendances macro\u00e9conomiques, y compris l'inflation, le comportement des consommateurs, les indicateurs de r\u00e9cession, la disponibilit\u00e9 de la main-d'\u0153uvre, la dynamique du march\u00e9 du travail et les tendances du commerce international,<br \/>\ny compris les tarifs et droits de douane et les march\u00e9s mondiaux du porc;<\/li>\n<li>les r\u00e9sultats de l'ex\u00e9cution des plans d'affaires de la soci\u00e9t\u00e9, la mesure dans laquelle les avantages sont r\u00e9alis\u00e9s ou non, et le moment o\u00f9 ces avantages sont r\u00e9alis\u00e9s, y compris les r\u00e9percussions sur les flux de tr\u00e9sorerie;<\/li>\n<li>la concurrence, les conditions du march\u00e9 et les activit\u00e9s des concurrents et des clients, y compris l'expansion ou\u00a0la contraction de cat\u00e9gories cl\u00e9s; les pressions inflationnistes, la dynamique sur le march\u00e9 du porc et les marges\u00a0\u00e0 l'exportation au Japon;<\/li>\n<li>la cybers\u00e9curit\u00e9, la maintenance et l'exploitation des syst\u00e8mes d'information, des processus et des donn\u00e9es de la soci\u00e9t\u00e9, la r\u00e9cup\u00e9ration, le r\u00e9tablissement et les r\u00e9percussions \u00e0 long terme de l'\u00e9v\u00e9nement de cybers\u00e9curit\u00e9, le risque d'\u00e9v\u00e9nements de cybers\u00e9curit\u00e9 futurs, les actions de tiers, les risques de violation des donn\u00e9es, l'efficacit\u00e9 du plan de continuit\u00e9 des activit\u00e9s et de son ex\u00e9cution, et la disponibilit\u00e9 de l'assurance;<\/li>\n<li>la sant\u00e9 du b\u00e9tail, y compris l'incidence de pand\u00e9mies potentielles;<\/li>\n<li>le commerce international et l'acc\u00e8s aux march\u00e9s et aux approvisionnements, ainsi que les dynamiques sociales, politiques et \u00e9conomiques, y compris les conflits \u00e0 l'\u00e9chelle mondiale;<\/li>\n<li>le rendement d'exploitation, y compris les niveaux d'exploitation de fabrication, les taux d'ex\u00e9cution des commandes et\u00a0les p\u00e9nalit\u00e9s;<\/li>\n<li>la disponibilit\u00e9 et l'acc\u00e8s au capital, et la conformit\u00e9 aux clauses restrictives des facilit\u00e9s de cr\u00e9dit;<\/li>\n<li>la d\u00e9cision \u00e0 l'\u00e9gard de tout remboursement de capital aux actionnaires;<\/li>\n<li>l'ex\u00e9cution de projets d'immobilisations et les investissements dans l'entretien;<\/li>\n<li>la salubrit\u00e9 des aliments, la responsabilit\u00e9 des consommateurs et les rappels de produits;<\/li>\n<li>le changement climatique, la r\u00e9glementation sur le climat et le rendement de la soci\u00e9t\u00e9 en mati\u00e8re de d\u00e9veloppement durable;<\/li>\n<li>la gestion strat\u00e9gique des risques;<\/li>\n<li>les acquisitions et les cessions;<\/li>\n<li>les fluctuations des march\u00e9s de la dette et des actions;<\/li>\n<li>les fluctuations des taux d'int\u00e9r\u00eat et des taux de change;<\/li>\n<li>les actifs et passifs des r\u00e9gimes de retraite;<\/li>\n<li>la nature cyclique du co\u00fbt et de l'approvisionnement des porcs et la nature concurrentielle du march\u00e9 du porc en g\u00e9n\u00e9ral;<\/li>\n<li>l'efficacit\u00e9 des strat\u00e9gies de couverture des produits de base et des taux d'int\u00e9r\u00eat;<\/li>\n<li>l'incidence des variations de la valeur de march\u00e9 des actifs biologiques et des instruments de couverture;<\/li>\n<li>le syst\u00e8me de gestion de l'approvisionnement pour la volaille au <span class=\"xn-location\">Canada<\/span>;<\/li>\n<li>la disponibilit\u00e9 des ingr\u00e9dients pour les prot\u00e9ines v\u00e9g\u00e9tales;<\/li>\n<li>la propri\u00e9t\u00e9 intellectuelle, y compris l'innovation de produits, le d\u00e9veloppement de produits, la strat\u00e9gie de la marque et<br \/>\nla protection des marques de commerce;<\/li>\n<li>la consolidation des op\u00e9rations et l'accent mis sur les prot\u00e9ines;<\/li>\n<li>le recours \u00e0 des fabricants \u00e0 fa\u00e7on;<\/li>\n<li>la r\u00e9putation;<\/li>\n<li>les conditions m\u00e9t\u00e9orologiques;<\/li>\n<li>la conformit\u00e9 \u00e0 la r\u00e9glementation gouvernementale et l'adaptation aux changements l\u00e9gislatifs;<\/li>\n<li>les r\u00e9clamations juridiques r\u00e9elles et envisag\u00e9es;<\/li>\n<li>l'incidence des tendances et des changements dans les go\u00fbts des consommateurs et leurs habitudes d'achat;<\/li>\n<li>les r\u00e8glements environnementaux et les passifs environnementaux \u00e9ventuels entra\u00een\u00e9s par ceux-ci;<\/li>\n<li>la consolidation du commerce de d\u00e9tail;<\/li>\n<li>les questions d'emploi, y compris le respect des lois en vigueur dans le cadre du droit du travail dans de nombreux territoires de comp\u00e9tence, les risques li\u00e9s \u00e0 d'\u00e9ventuels arr\u00eats de travail en raison du non-renouvellement de conventions collectives, au recrutement et au maintien en poste de personnel qualifi\u00e9 et au fait de se fier au personnel cl\u00e9 et \u00e0 la planification de<br \/>\nla rel\u00e8ve;<\/li>\n<li>le prix des produits;<\/li>\n<li>la gestion de la cha\u00eene d'approvisionnement de la soci\u00e9t\u00e9;<\/li>\n<li>l'incidence des modifications apport\u00e9es aux Normes internationales d'informations financi\u00e8res (\u00ab IFRS \u00bb) et \u00e0 d'autres normes comptables que la soci\u00e9t\u00e9 doit respecter \u00e0 des fins de r\u00e9glementation;<\/li>\n<li>d'autres facteurs d\u00e9crits dans la rubrique intitul\u00e9e \u00ab Facteurs de risque \u00bb pr\u00e9sent\u00e9e dans le rapport de gestion de la soci\u00e9t\u00e9 pour l'exercice clos le 31 d\u00e9cembre 2024.<\/li>\n<\/ul>\n<p>La soci\u00e9t\u00e9 tient \u00e0 rappeler au lecteur que la liste des facteurs qui pr\u00e9c\u00e8de n'est pas exhaustive.<\/p>\n<p>Les lecteurs sont \u00e9galement pr\u00e9venus que certains des renseignements prospectifs, tels que les \u00e9nonc\u00e9s concernant\u00a0les d\u00e9penses en immobilisations futures, les attentes relatives au BAIIA ajust\u00e9, l'augmentation de la marge du BAIIA ajust\u00e9 et la capacit\u00e9 de la soci\u00e9t\u00e9 \u00e0 atteindre ses objectifs financiers ou \u00e0 concr\u00e9tiser ses pr\u00e9visions, peuvent \u00eatre consid\u00e9r\u00e9s comme des perspectives financi\u00e8res aux fins de la l\u00e9gislation sur les valeurs mobili\u00e8res applicable. Ces perspectives financi\u00e8res sont pr\u00e9sent\u00e9es pour \u00e9valuer les b\u00e9n\u00e9fices futurs potentiels et les utilisations futures pr\u00e9vues des flux de tr\u00e9sorerie, et pourraient ne pas convenir \u00e0 d'autres fins. Les lecteurs ne doivent pas pr\u00e9sumer que ces perspectives financi\u00e8res seront r\u00e9alis\u00e9es.<\/p>\n<p>Des informations sur les facteurs de risques sont pr\u00e9sent\u00e9es de fa\u00e7on plus d\u00e9taill\u00e9e dans la rubrique intitul\u00e9e \u00ab\u00a0Facteurs de risque\u00a0\u00bb que vous trouverez dans le rapport de gestion annuel de la soci\u00e9t\u00e9 pour l'exercice clos le 31\u00a0d\u00e9cembre\u00a02024, lequel est accessible sur SEDAR + \u00e0 l'adresse <a href=\"http:\/\/www.sedarplus.ca\" rel=\"nofollow\">www.sedarplus.ca<\/a>. Il y aurait lieu de se reporter \u00e0 cette rubrique pour plus de pr\u00e9cisions.<\/p>\n<p>Tous les \u00e9nonc\u00e9s prospectifs contenus dans le pr\u00e9sent document n'ont valeur qu'\u00e0 la date des pr\u00e9sentes. \u00c0 moins que la loi ne l'impose, la soci\u00e9t\u00e9 ne prend aucun engagement de mettre \u00e0 jour publiquement ou de r\u00e9viser tout \u00e9nonc\u00e9 prospectif,\u00a0que ce soit \u00e0 la suite de l'obtention de nouveaux renseignements, de faits nouveaux ou autrement. Tous les \u00e9nonc\u00e9s prospectifs contenus dans le pr\u00e9sent document sont express\u00e9ment et enti\u00e8rement sous r\u00e9serve de la pr\u00e9sente mise en garde.<\/p>\n<p><b>Estimations de la direction sur la scission des activit\u00e9s dans le secteur du porc et les mesures non conformes aux IFRS connexes<\/b><\/p>\n<p>Le tableau suivant pr\u00e9sente les estimations pr\u00e9liminaires de la direction de certains renseignements financiers concernant Canada\u00a0Packers et les activit\u00e9s qui seront conserv\u00e9es apr\u00e8s la scission de Les Aliments Maple Leaf. Ces estimations pr\u00e9liminaires n'ont pas \u00e9t\u00e9 audit\u00e9es ou examin\u00e9es par un tiers, sont d\u00e9riv\u00e9es des rapports de gestion internes et refl\u00e8tent\u00a0les ventes, les co\u00fbts et l'allocation des charges, y compris en ce qui concerne les charges d'entreprise, ainsi que d'autres estimations et ajustements, qui sont de nature pr\u00e9liminaire et susceptibles d'\u00eatre modifi\u00e9es.<\/p>\n<p>La direction est d'avis que ces estimations pr\u00e9liminaires sont utiles pour fournir une indication de la taille relative des entreprises au moment de la s\u00e9paration. Tous ces chiffres devront \u00eatre pr\u00e9cis\u00e9s avant la s\u00e9paration, et tous les d\u00e9tails financiers seront pr\u00e9sent\u00e9s dans la circulaire d'information de la direction qui sera d\u00e9pos\u00e9e relativement \u00e0 la transaction.<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen4\" colspan=\"7\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>P\u00e9riode de douze mois close le 31\u00a0mars\u00a02025 <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en millions de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Canada<br \/>\nPackers<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Les Aliments<br \/>\nMaple Leaf <\/b><b><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u00c9liminations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Les Aliments<br \/>\nMaple Leaf Inc.<br \/>\nConsolid\u00e9s<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Ventes (IFRS)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0717\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0685\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(iii)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(412)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(iv)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0989\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prngen26\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(v)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Estimation de l'incidence potentielle de<br \/>\nla s\u00e9paration<i><sup>(vi)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(50)<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">53<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Ventes pro\u00a0forma<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0667\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0738\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>177\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(vii)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>426\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(viii)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>603\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prngen26\"><span class=\"prnews_span\"><b><i><span class=\"prnews_span\"><sup>(v)\u00a0(ix)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Marge du BAIIA ajust\u00e9<span class=\"prnews_span\"><sup>*<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>10,3\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>11,6\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>--\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>12,1\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Estimation de l'incidence potentielle de<br \/>\nla s\u00e9paration<i><sup>(xi)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~(19) $<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~8\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9 pro\u00a0forma<i><span class=\"prnews_span\"><sup>(xii)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~158\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~434\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Marge du BAIIA ajust\u00e9 pro\u00a0forma<span class=\"prnews_span\"><sup>(xiii)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>~10\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>~12\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Estimation de l'incidence potentielle de la normalisation du march\u00e9<i><sup>(xiv)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~40 - 50\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>BAIIA ajust\u00e9 normalis\u00e9 pro\u00a0forma<i><span class=\"prnews_span\"><sup>(xv)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>~200\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Marge du BAIIA ajust\u00e9 normalis\u00e9 pro forma<span class=\"prnews_span\"><sup>(xvi)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>~12\u00a0%<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen21\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Notes<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(i)\u00a0 \u00a0 \u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9signe l'entreprise qui sera conserv\u00e9e par Les Aliments Maple Leaf Inc. apr\u00e8s la s\u00e9paration.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(ii)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire des ventes de la direction (pour Les Aliments Maple Leaf et des tiers externes) attribuables \u00e0 l'entreprise qui sera transf\u00e9r\u00e9e \u00e0 Canada Packers dans la s\u00e9paration pour la p\u00e9riode pr\u00e9sent\u00e9e.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(iii)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire des ventes de la direction attribuables \u00e0 l'entreprise qui sera conserv\u00e9e par Les Aliments Maple Leaf apr\u00e8s la s\u00e9paration pour la p\u00e9riode pr\u00e9sent\u00e9e.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(iv)\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente principalement l'estimation pr\u00e9liminaire des ventes de la direction de Canada Packers attribuable \u00e0 Aliments Maple Leaf pour la p\u00e9riode pr\u00e9sent\u00e9e.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(v)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Calcul\u00e9 en additionnant les r\u00e9sultats d\u00e9clar\u00e9s pr\u00e9c\u00e9demment pour l'exercice clos le 31 d\u00e9cembre 2024 aux r\u00e9sultats de la p\u00e9riode de trois mois close le 31 mars 2025 et en soustrayant les r\u00e9sultats de la p\u00e9riode de trois mois close le 31 mars 2024. Ces r\u00e9sultats sont pr\u00e9sent\u00e9s dans le rapport de gestion de la soci\u00e9t\u00e9 d\u00e9pos\u00e9 sur SEDAR et SEDAR+ pour l'exercice clos le 31 d\u00e9cembre 2024, le trimestre clos le 31\u00a0mars\u00a02025 et le trimestre clos le 31\u00a0mars\u00a02024.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(vi)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire de la direction de l'incidence potentielle sur les ventes de Canada Packers et des Aliments Maple Leaf (au sens de la note (i) ci-dessus), respectivement, si la s\u00e9paration avait eu lieu le 31\u00a0mars\u00a02024. Concerne principalement l'estimation pr\u00e9liminaire de la direction d'un changement des ventes en raison de l'incidence pr\u00e9vue de l'entente d'approvisionnement et d'autres ententes contractuelles qui devraient \u00eatre conclues relativement \u00e0 la s\u00e9paration.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(vii)\u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire de la direction de la portion du BAIIA ajust\u00e9 consolid\u00e9 attribuable \u00e0 Canada\u00a0Packers pour\u00a0la p\u00e9riode pr\u00e9sent\u00e9e. Comme il a \u00e9t\u00e9 mentionn\u00e9 ci-dessus, cette estimation est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(viii)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire de la direction de la portion du BAIIA ajust\u00e9 consolid\u00e9 attribuable \u00e0 Aliments Maple Leaf (au sens de la note (i) ci-dessus) pour la p\u00e9riode pr\u00e9sent\u00e9e. Comme il a \u00e9t\u00e9 mentionn\u00e9 ci-dessus, cette estimation est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(ix)\u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Pour une d\u00e9finition du BAIIA ajust\u00e9 (consolid\u00e9) et un rapprochement du BAIIA ajust\u00e9 (consolid\u00e9) pour les p\u00e9riodes d\u00e9crites \u00e0 la note (v) ci-dessus avec le r\u00e9sultat net consolid\u00e9 pour ces p\u00e9riodes, voir le rapport de gestion de la soci\u00e9t\u00e9 d\u00e9pos\u00e9 sur SEDAR et SEDAR+ pour l'exercice clos le 31\u00a0d\u00e9cembre\u00a02024, le trimestre clos le 31\u00a0mars\u00a02025 et le trimestre clos le 31\u00a0mars\u00a02024.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>*\u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9fini comme le BAIIA ajust\u00e9 divis\u00e9 par les ventes. Cette mesure est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration de la m\u00eame fa\u00e7on que les mesures \u00e0 partir desquelles cette mesure est d\u00e9riv\u00e9e, comme il est indiqu\u00e9 ci-dessus.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xi)\u00a0 \u00a0 \u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Repr\u00e9sente l'estimation pr\u00e9liminaire de la direction de l'incidence potentielle sur le BAIIA ajust\u00e9 de Canada Packers et des Aliments Maple Leaf (au sens de la note (i) ci-dessus), respectivement, si la s\u00e9paration avait eu lieu le 31 mars 2024. Concerne principalement l'estimation pr\u00e9liminaire de la direction (1) d'un changement du BAIIA ajust\u00e9 de Canada Packers et d'un changement compensateur du BAIIA ajust\u00e9 des Aliments Maple Leaf en raison de l'incidence pr\u00e9vue de l'entente d'approvisionnement et d'autres ententes contractuelles qui devraient \u00eatre conclues relativement \u00e0 la s\u00e9paration, (2) les co\u00fbts des soci\u00e9t\u00e9s ouvertes qui auraient \u00e9t\u00e9 engag\u00e9s par Canada Packers, et (3) une r\u00e9affectation de certains frais de vente et charges g\u00e9n\u00e9rales et administratives entre Canada Packers et Aliments Maple Leaf. Comme il a \u00e9t\u00e9 mentionn\u00e9 ci-dessus, cette estimation est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xii)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9fini comme le BAIIA ajust\u00e9 plus l'estimation pr\u00e9liminaire de la direction de l'incidence potentielle de la s\u00e9paration d\u00e9crite dans\u00a0la note\u00a0(xi) ci-dessus et sous r\u00e9serve des qualifications d\u00e9crites dans la pr\u00e9sente.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xii)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9fini comme le BAIIA ajust\u00e9 pro\u00a0forma, comme d\u00e9crit dans la note\u00a0(xii) ci-dessus, divis\u00e9 par les ventes pro forma. Cette mesure est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration de la m\u00eame fa\u00e7on que les mesures \u00e0 partir desquelles cette mesure est d\u00e9riv\u00e9e, comme il est indiqu\u00e9 ci-dessus.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xiv)\u00a0 \u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Pr\u00e9sent\u00e9 \u00e0 titre indicatif seulement, en fonction des estimations et des hypoth\u00e8ses de la direction, pour indiquer l'incidence potentielle sur le BAIIA ajust\u00e9 pro forma si les conditions du march\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e avaient refl\u00e9t\u00e9 les conditions normales du march\u00e9, d\u00e9finies comme \u00e9tant la moyenne des cinq ann\u00e9es avant la pand\u00e9mie (2015 \u00e0 2019) (\u00ab conditions normales du march\u00e9 \u00bb). Les conditions r\u00e9elles du march\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e \u00e9taient sensiblement diff\u00e9rentes des conditions normales du march\u00e9, et rien ne garantit que le BAIIA ajust\u00e9 pro forma r\u00e9el aurait \u00e9t\u00e9 touch\u00e9 de la fa\u00e7on indiqu\u00e9e si les conditions normales du march\u00e9 avaient exist\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e, ou que les conditions r\u00e9elles futures du march\u00e9 refl\u00e9teront les conditions normales du march\u00e9. Cette mesure ne vise pas \u00e0 indiquer des r\u00e9sultats financiers potentiels pour une p\u00e9riode future.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xv)\u00a0 \u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9fini comme le BAIIA ajust\u00e9 pro forma, comme d\u00e9crit \u00e0 la note (xi) ci-dessus, plus l'estimation pr\u00e9liminaire de la direction de l'incidence potentielle si les conditions du march\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e refl\u00e9taient les conditions normales du march\u00e9, sous r\u00e9serve des qualifications d\u00e9crites \u00e0 la note\u00a0(xiv) ci-dessus. Cette mesure est pr\u00e9sent\u00e9e \u00e0 titre indicatif seulement et ne vise pas \u00e0 indiquer des r\u00e9sultats financiers potentiels pour une p\u00e9riode future.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(xvi)\u00a0\u00a0<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>D\u00e9fini comme le BAIIA ajust\u00e9 normalis\u00e9 pro forma, comme d\u00e9crit dans la note (xiv) ci-dessus, divis\u00e9 par les ventes pro forma. Cette mesure est pr\u00e9sent\u00e9e \u00e0 titre indicatif seulement et est fond\u00e9e sur des estimations et des hypoth\u00e8ses de la direction. <\/i><br \/>\n<i>Cette mesure est sujette \u00e0 changement et devrait \u00eatre pr\u00e9cis\u00e9e avant la s\u00e9paration de la m\u00eame fa\u00e7on que les mesures \u00e0 partir desquelles cette mesure est d\u00e9riv\u00e9e, comme il est indiqu\u00e9 ci-dessus. Les conditions r\u00e9elles du march\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e \u00e9taient sensiblement diff\u00e9rentes des conditions normales du march\u00e9, et rien ne garantit que la marge du BAIIA ajust\u00e9 pro forma r\u00e9el aurait \u00e9t\u00e9 touch\u00e9e de la fa\u00e7on indiqu\u00e9e si les conditions normales du march\u00e9 avaient exist\u00e9 au cours de la p\u00e9riode pr\u00e9sent\u00e9e, ou que les conditions r\u00e9elles futures du march\u00e9 refl\u00e9teront les conditions normales du march\u00e9. Cette mesure ne vise pas \u00e0 indiquer des r\u00e9sultats financiers potentiels pour une p\u00e9riode future.\u00a0<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Le BAIIA ajust\u00e9, le BAIIA ajust\u00e9 pro forma et le BAIIA ajust\u00e9 normalis\u00e9 pro forma, ainsi que les marges connexes, comme pr\u00e9sent\u00e9s dans le tableau ci-dessus, sont des mesures non conformes aux IFRS et n'ont pas de signification normalis\u00e9e en vertu des IFRS. Par cons\u00e9quent, elles peuvent ne pas \u00eatre comparables avec des mesures similaires pr\u00e9sent\u00e9es par d'autres soci\u00e9t\u00e9s ouvertes, et elles ne doivent pas \u00eatre consid\u00e9r\u00e9es comme des substituts d'autres mesures financi\u00e8res \u00e9tablies conform\u00e9ment aux IFRS.<\/p>\n<p><b><u>\u00c0 propos des Aliments Maple Leaf Inc.<\/u><\/b><\/p>\n<p>Les Aliments Maple Leaf\u00a0est une entreprise de premier plan, fabricant des produits alimentaires de fa\u00e7on responsable sous des marques de premier plan comme Maple Leaf<sup>MD<\/sup>, Maple Leaf Prime<sup>MD<\/sup>, Maple Leaf Natural Selections<sup>MD<\/sup>, Schneiders<sup>MD<\/sup>, Mina<sup>MD<\/sup>, Greenfield Natural Meat Co.<sup>MC<\/sup>, Lightlife<sup>MC<\/sup> et Field Roast<sup>MC<\/sup>.\u00a0Le portefeuille de la soci\u00e9t\u00e9 comprend des viandes pr\u00e9par\u00e9es, des repas pr\u00eats \u00e0 cuire et pr\u00eats \u00e0 servir, des collations en trousses, des produits de porc et de volaille frais \u00e0 valeur ajout\u00e9e, ainsi que des produits \u00e0 base de prot\u00e9ines v\u00e9g\u00e9tales. La soci\u00e9t\u00e9 emploie environ 13\u00a0500\u00a0personnes et exploite ses activit\u00e9s principalement au <span class=\"xn-location\">Canada<\/span>, aux \u00c9tats-Unis et en Asie. Le si\u00e8ge social de la soci\u00e9t\u00e9 est situ\u00e9 \u00e0 <span class=\"xn-location\">Mississauga<\/span>, en Ontario,\u00a0et ses actions sont cot\u00e9es \u00e0 la Bourse de <span class=\"xn-location\">Toronto<\/span> sous le symbole MFI.<\/p>\n<p>Bilans interm\u00e9diaires consolid\u00e9s<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Au 31\u00a0mars\u00a02025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Au 31\u00a0mars\u00a02024<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Au 31\u00a0d\u00e9cembre\u00a02024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>ACTIFS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"2\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Tr\u00e9sorerie et \u00e9quivalents de tr\u00e9sorerie<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>119\u00a0051\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">206\u00a0393\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">175\u00a0908\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Comptes d\u00e9biteurs<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>181\u00a0547<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">168\u00a0994<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">170\u00a0919<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Billets \u00e0 recevoir<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>38\u00a0684<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">32\u00a0564<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">37\u00a0978<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Stocks<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>628\u00a0145<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">584\u00a0134<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">553\u00a0398<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Actifs biologiques<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>187\u00a0881<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">180\u00a0281<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">169\u00a0399<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Imp\u00f4t sur le r\u00e9sultat et autres imp\u00f4ts \u00e0 recouvrer<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2\u00a0474<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">83\u00a0365<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7\u00a0551<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Charges pay\u00e9es d'avance et autres actifs<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>40\u00a0009<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">43\u00a0620<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42\u00a0342<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Actifs d\u00e9tenus en vue de la vente<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20\u00a0900<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22\u00a0769<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml20\"><span class=\"prnews_span\"><b>Total des actifs courants<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0218\u00a0691\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0299\u00a0351\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0180\u00a0264\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Immobilisations corporelles<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2\u00a0095\u00a0247<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0224\u00a0502<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0123\u00a0167<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Actifs au titre du droit d'utilisation<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>155\u00a0606<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">169\u00a0145<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">160\u00a0922<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Placements<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>12\u00a0859<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">16\u00a0029<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">12\u00a0763<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Immeubles de placement<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>42\u00a0588<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">57\u00a0144<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42\u00a0588<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Avantages du personnel<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>27\u00a0200<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">32\u00a0557<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22\u00a0429<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autres actifs \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>23\u00a0938<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22\u00a0303<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">24\u00a0918<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Actif d'imp\u00f4t diff\u00e9r\u00e9<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>48\u00a0586<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">41\u00a0980<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">46\u00a0588<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>477\u00a0353<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">477\u00a0353<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">477\u00a0353<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Immobilisations incorporelles<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>335\u00a0571<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">344\u00a0938<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">339\u00a0526<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml20\"><span class=\"prnews_span\"><b>Total des actifs \u00e0 long terme<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0218\u00a0948\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0385\u00a0951\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0250\u00a0254\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\"><b>Total de l'actif<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0437\u00a0639\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0685\u00a0302\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0430\u00a0518\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>PASSIFS ET CAPITAUX PROPRES<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Cr\u00e9diteurs et charges \u00e0 payer<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>548\u00a0443\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">590\u00a0696\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">561\u00a0179\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Partie courante des provisions<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>11\u00a0344<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6\u00a0586<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">14\u00a0482<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Tranche de la dette \u00e0 long terme \u00e9ch\u00e9ant<br \/>\n\u00e0 moins d'un an<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>302\u00a0009<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">401\u00a0538<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">301\u00a0478<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Tranche de l'obligation d\u00e9coulant d'un contrat de location-acquisition \u00e9ch\u00e9ant \u00e0 moins d'un an<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>39\u00a0893<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">39\u00a0928<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">39\u00a0900<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Imp\u00f4t sur le r\u00e9sultat exigible<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20\u00a0752<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0788<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0595<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autres passifs courants<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>34\u00a0876<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">25\u00a0518<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">37\u00a0587<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml20\"><span class=\"prnews_span\"><b>Total des passifs courants<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>957\u00a0317\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0066\u00a0054\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">957\u00a0221\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Dette \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0370\u00a0701<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0527\u00a0665<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0390\u00a0479<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Obligations au titre de contrats de location<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>142\u00a0698<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">154\u00a0863<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">147\u00a0892<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Avantages du personnel<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>62\u00a0351<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">62\u00a0230<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">62\u00a0395<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Provisions<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2\u00a0768<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0037<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0912<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autres passifs \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6\u00a0521<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0202<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5\u00a0205<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Passif d'imp\u00f4t diff\u00e9r\u00e9<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>322\u00a0531<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">317\u00a0978<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">325\u00a0137<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml20\"><span class=\"prnews_span\"><b>Total des passifs \u00e0 long terme<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0907\u00a0570\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0065\u00a0975\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0935\u00a0020\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\"><b>Total du passif<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2\u00a0864\u00a0887\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0132\u00a0029\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0892\u00a0241\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Capitaux propres<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Capital social<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>900\u00a0871\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">878\u00a0852\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">897\u00a0839\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fices non distribu\u00e9s <\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>611\u00a0327<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">628\u00a0549<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">587\u00a0393<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Surplus d'apport<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20\u00a0159<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7\u00a0750<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">12\u00a0482<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Cumul des autres \u00e9l\u00e9ments du r\u00e9sultat global<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>43\u00a0826<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">45\u00a0305<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">43\u00a0994<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Actions de tr\u00e9sorerie<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3\u00a0431)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7\u00a0183)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3\u00a0431)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total des capitaux propres<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0572\u00a0752\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0553\u00a0273\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0538\u00a0277\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml20\"><span class=\"prnews_span\"><b>Total du passif et des capitaux propres<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0437\u00a0639\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0685\u00a0302\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0430\u00a0518\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00c9tats consolid\u00e9s interm\u00e9diaires du r\u00e9sultat net<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens, sauf les donn\u00e9es li\u00e9es aux actions)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Ventes<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0241\u00a0293\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0147\u00a0291\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Co\u00fbt des marchandises vendues<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0023\u00a0519<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">920\u00a0951<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Profit brut<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>217\u00a0774\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">226\u00a0340\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Frais de vente et charges g\u00e9n\u00e9rales et administratives<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>114\u00a0807<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">110\u00a0033<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice avant ce qui suit\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>102\u00a0967\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">116\u00a0307\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Frais de restructuration et autres frais\u00a0connexes (reprises)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0503<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(725)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Autres charges<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0233<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0157<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice avant int\u00e9r\u00eats et imp\u00f4t sur le r\u00e9sultat<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>100\u00a0231\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">115\u00a0875\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Charges d'int\u00e9r\u00eats et autres co\u00fbts de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>29\u00a0646<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42\u00a0083<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice avant imp\u00f4t sur le r\u00e9sultat<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>70\u00a0585\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">73\u00a0792\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Charge d'imp\u00f4t sur le r\u00e9sultat<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>21\u00a0022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22\u00a0241<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49\u00a0563\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51\u00a0551\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fice par action attribuable aux actionnaires ordinaires\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice de base par action<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,40\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,42\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice dilu\u00e9 par action<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>0,40\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0,42\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Nombre moyen pond\u00e9r\u00e9 d'actions (en millions)\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">De base<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>123,8<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">122,5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Dilu\u00e9<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>125,3<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">123,6<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i>\u00a0<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Les montants trimestriels pour 2024 ont \u00e9t\u00e9 ajust\u00e9s. Voir la note 16 dans les \u00e9tats financiers interm\u00e9diaires consolid\u00e9s condens\u00e9s tels que d\u00e9pos\u00e9s sur SEDAR+ \u00e0 l'adresse www.sedarplus.ca.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00c9tats interm\u00e9diaires consolid\u00e9s des autres \u00e9l\u00e9ments du r\u00e9sultat<\/p>\n<p>Revenu<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49\u00a0563\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51\u00a0551\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autres \u00e9l\u00e9ments du r\u00e9sultat global<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Gains actuariels qui ne seront pas reclass\u00e9s dans le r\u00e9sultat net<br \/>\n(apr\u00e8s imp\u00f4t de 1,4\u00a0million de dollars; 2,2\u00a0millions de dollars en\u00a02024)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0134\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6\u00a0605\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\"><span class=\"prnews_span\">Total des \u00e9l\u00e9ments qui ne seront pas reclass\u00e9s dans le r\u00e9sultat net<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0134\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6\u00a0605\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u00c9l\u00e9ments qui sont ou qui peuvent \u00eatre reclass\u00e9s ult\u00e9rieurement dans le r\u00e9sultat net\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation de l'\u00e9cart de conversion cumul\u00e9<br \/>\n(apr\u00e8s l'imp\u00f4t de 0,0\u00a0million de dollars; 0,0\u00a0million\u00a0de dollars en\u00a02024)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(27)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7\u00a0710<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation du taux de change sur la dette \u00e0 long terme d\u00e9sign\u00e9 comme couverture d'investissement net<br \/>\n(apr\u00e8s imp\u00f4t de 0,0\u00a0million de dollars; 1,2\u00a0million de dollars en\u00a02024)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>113<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(6\u00a0612)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation des couvertures de flux de tr\u00e9sorerie<br \/>\n(apr\u00e8s imp\u00f4t de 0,0\u00a0million de dollars; 0,2\u00a0million de dollars en\u00a02024)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(254)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3\u00a0622)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Total des \u00e9l\u00e9ments qui sont ou qui peuvent \u00eatre reclass\u00e9s ult\u00e9rieurement dans<br \/>\nle r\u00e9sultat net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(168)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(2\u00a0524)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Total des autres \u00e9l\u00e9ments du r\u00e9sultat global<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0966\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0081\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">R\u00e9sultat global <\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>53\u00a0529\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">55\u00a0632\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00c9tats interm\u00e9diaires consolid\u00e9s des variations des capitaux propres<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Cumul des autres \u00e9l\u00e9ments du r\u00e9sultat global<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Capital social<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>B\u00e9n\u00e9fices <\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>non distribu\u00e9s<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Surplus <\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>d'apport<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Ajustement pour \u00e9cart de conversion<i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Profits et pertes latents sur<br \/>\nles couvertures de flux de tr\u00e9sorerie<\/b><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Profits latents sur la juste valeur des investissements<i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Exc\u00e9dent de r\u00e9\u00e9valuation<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Actions <\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>propres<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total<\/b> <b>des capitaux propres<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Solde au 31\u00a0d\u00e9cembre\u00a02024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>897\u00a0839\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>587\u00a0393<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>12\u00a0482<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>14\u00a0545<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0257)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(6\u00a0641)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>37\u00a0347<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3\u00a0431)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0538\u00a0277\u00a0$<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49\u00a0563<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49\u00a0563<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autres \u00e9l\u00e9ments du r\u00e9sultat global<i><sup>(ii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0134<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>86<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(254)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0966<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Dividendes d\u00e9clar\u00e9s (0,24\u00a0$ par action)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3\u00a0032<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(29\u00a0763)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(26\u00a0731)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Charge de r\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5\u00a0777<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5\u00a0777<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Imp\u00f4t diff\u00e9r\u00e9 sur la r\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0900<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0900<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Solde au 31\u00a0mars\u00a02025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>900\u00a0871\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>611\u00a0327<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20\u00a0159<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>14\u00a0631<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0511)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(6\u00a0641)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>37\u00a0347<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3\u00a0431)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0572\u00a0752\u00a0$<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"8\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Cumul des autres \u00e9l\u00e9ments du r\u00e9sultat global<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Capital social<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">B\u00e9n\u00e9fices non distribu\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Surplus d'apport<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Ajustement pour \u00e9cart de conversion<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Profits et pertes latents sur<br \/>\nles couvertures de flux de tr\u00e9sorerie<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Profits latents sur<br \/>\nla juste valeur des investissements<i><sup>(i)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Exc\u00e9dent de r\u00e9\u00e9valuation<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Actions <\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">propres<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Total des capitaux propres<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Solde au 31\u00a0d\u00e9cembre\u00a02023<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">873\u00a0477\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">597\u00a0429<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0227<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">8\u00a0625<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0416<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(2\u00a0559)<\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">37\u00a0347<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7\u00a0183)<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0514\u00a0779\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51\u00a0551<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51\u00a0551<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u00a0Autres \u00e9l\u00e9ments du r\u00e9sultat global<i><sup>(ii)<\/sup><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6\u00a0605<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0098<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3\u00a0622)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4\u00a0081<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Dividendes d\u00e9clar\u00e9s (0,22\u00a0$ par action)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5\u00a0375<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(27\u00a0036)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(21\u00a0661)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Charge de r\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5\u00a0298<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5\u00a0298<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Imp\u00f4t diff\u00e9r\u00e9 sur la r\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(775)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(775)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Solde au 31\u00a0mars\u00a02024<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">878\u00a0852\u00a0$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">628\u00a0549<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7\u00a0750<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">9\u00a0723<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">794<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(2\u00a0559)<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">37\u00a0347<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7\u00a0183)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0553\u00a0273\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(i)<\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u00c9l\u00e9ments qui sont ou qui peuvent \u00eatre reclass\u00e9s ult\u00e9rieurement dans le r\u00e9sultat net.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i><span class=\"prnews_span\"><sup>(ii)<\/sup><\/span><\/i>\u00a0<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>La variation des gains et pertes actuariels qui ne sera pas reclass\u00e9e dans le r\u00e9sultat net et qui a \u00e9t\u00e9 reclass\u00e9e dans les r\u00e9sultats non distribu\u00e9s est incluse dans les autres \u00e9l\u00e9ments du r\u00e9sultat global.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00c9tats interm\u00e9diaires consolid\u00e9s des flux de tr\u00e9sorerie<\/p>\n<div>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(en milliers de dollars canadiens)<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>(non audit\u00e9)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Trimestres clos le 31\u00a0mars<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">FLUX DE TR\u00c9SORERIE LI\u00c9S AUX ACTIVIT\u00c9S\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"2\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Activit\u00e9s d'exploitation<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">B\u00e9n\u00e9fice<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>49\u00a0563\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">51\u00a0551\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Ajouter (d\u00e9duire) les \u00e9l\u00e9ments sans effet sur la tr\u00e9sorerie\u00a0:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Variation de la juste valeur des actifs biologiques<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(16\u00a0411)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(69\u00a0143)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Amortissement<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>63\u00a0654<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">65\u00a0853<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">R\u00e9mun\u00e9ration fond\u00e9e sur des actions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5\u00a0777<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5\u00a0298<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Charge d'imp\u00f4t diff\u00e9r\u00e9 (recouvrement)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3\u00a0717)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">19\u00a0936<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Charge d'imp\u00f4t <\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>24\u00a0739<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0305<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Charges d'int\u00e9r\u00eats et autres co\u00fbts de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>29\u00a0646<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42\u00a0083<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Profit sur la vente d'actifs \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(10\u00a0612)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(311)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">D\u00e9pr\u00e9ciation des immobilisations corporelles et des actifs au titre du droit d'utilisation<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>866<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml30\"><span class=\"prnews_span\">Variation de la juste valeur des instruments financiers d\u00e9riv\u00e9s non d\u00e9sign\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1\u00a0122<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(4\u00a0665)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation du passif au titre des r\u00e9gimes de retraite<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>719<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0067<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Imp\u00f4t sur le r\u00e9sultat rembours\u00e9\u00a0(pay\u00e9), montant net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0365)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0982<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Int\u00e9r\u00eats pay\u00e9s, apr\u00e8s les int\u00e9r\u00eats capitalis\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(28\u00a0573)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(40\u00a0477)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation de la provision pour frais de restructuration et autres frais connexes<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(4\u00a0263)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3\u00a0260)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation de la marge des d\u00e9riv\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1\u00a0611)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0316<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">R\u00e8glement en esp\u00e8ces des d\u00e9riv\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>--<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(2\u00a0150)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Autre<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5\u00a0148<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0093<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Variation des \u00e9l\u00e9ments hors tr\u00e9sorerie du fonds de roulement<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(104\u00a0799)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10\u00a0847<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s d'exploitation<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>9\u00a0883\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">87\u00a0325\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Activit\u00e9s d'investissement<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Entr\u00e9es d'actifs \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(24\u00a0852)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(23\u00a0813)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Int\u00e9r\u00eats pay\u00e9s et capitalis\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(280)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(355)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Produit de la vente d'actifs \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>13\u00a0004<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">865<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s d'investissement<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(12\u00a0128)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(23\u00a0303)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Activit\u00e9s de financement<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Dividendes vers\u00e9s<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(26\u00a0731)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(21\u00a0661)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Diminution nette de la dette \u00e0 long terme<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(19\u00a0782)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(30\u00a0885)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Paiement de l'obligation d\u00e9coulant d'un contrat de location-acquisition<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(8\u00a0092)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(8\u00a0446)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Paiement des co\u00fbts de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(7)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">--<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Flux de tr\u00e9sorerie affect\u00e9s aux activit\u00e9s de financement<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(54\u00a0612)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(60\u00a0992)\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(Diminution) augmentation de la tr\u00e9sorerie et des \u00e9quivalents de tr\u00e9sorerie<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(56\u00a0857)\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u00a0030\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Tr\u00e9sorerie et \u00e9quivalents de tr\u00e9sorerie au d\u00e9but de la p\u00e9riode<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>175\u00a0908<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">203\u00a0363<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Tr\u00e9sorerie et \u00e9quivalents de tr\u00e9sorerie \u00e0 la fin de la p\u00e9riode<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>119\u00a0051\u00a0$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">206\u00a0393\u00a0$<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>SOURCE Maple Leaf Foods Inc.<\/p>\n<p>Relations avec les investisseurs : Investor.Relations@MapleLeaf.com; Personne-ressource pour les m\u00e9dias : Media.Hotline@MapleLeaf.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TSX : MFI www.mapleleaffoods.com Les Aliments Maple Leaf affiche une croissance de ses revenus de 8,2 %, un BAIIA ajust\u00e9 de 166 millions de dollars ou 13,4 % et r\u00e9affirme ses pr\u00e9visions pour&#8230;<\/p>\n","protected":false},"author":13,"featured_media":248033,"template":"","mlfcorp_news_category":[],"class_list":["post-259074","mlfcorp_news","type-mlfcorp_news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ses r\u00e9sultats financiers du T1 de 2025 | Les Aliments Maple Leaf<\/title>\n<meta name=\"description\" content=\"TSX : MFI www.mapleleaffoods.com Les Aliments Maple Leaf affiche une croissance de ses revenus de 8,2 %, un BAIIA ajust\u00e9 de 166 millions...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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