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CN's Second Quarter 2025 Financial Results

24 Jul 2025

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This press release details CN's second-quarter financial and operating results for 2025, highlighting a 1% decrease in revenues to C$4,272 million despite a challenging external environment. The company achieved a 5% increase in operating income, reaching C$1,638 million, and improved its operating ratio to 61.7%. Due to economic uncertainty, CN has updated its 2025 earnings guidance to mid to high single-digit growth and removed its 2024-2026 financial outlook. The report also includes detailed financial tables and non-GAAP measure reconciliations, offering transparency on how adjusted figures like free cash flow and adjusted diluted EPS are calculated, as well as providing operational statistics and safety indicators.

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