Operating profit in the Concessions segment of $24.2 million for the year ended December 31, 2024 decreased by $149.9 million compared to an operating profit of $174.1 million in 2023. The lower operating profit was primarily due to gains related to a sale in the third quarter of 2023 of a 49.9% interest in the Bermuda International Airport concessionaire which resulted in a year-over-year decrease in gains on sale of $133.1 million. In the balance of the Concessions segment, operating profit in 2024 decreased by $16.9 million. Year-over-year reported operating profit from the ongoing operations at Skyport was negatively impacted by a 49.9% reduction in Aecon's ownership interest in Skyport and from the use of the equity method of accounting in 2024 where operating results for Aecon's interest in Skyport are reported net of financing costs and income taxes. These unfavourable impacts were partially offset by one-time recoveries in Skyport in 2024 of $5.9 million.