Sees FY24 adjusted EBITDA $222M, up 60%. While the situation is dynamic, RYAM is actively assessing the impact of tariffs, particularly on its Canadian derived revenues. In 2024, approximately 11% of RYAM’s total revenues were generated from Canadian Paperboard exports to the U.S. The Company has been proactively pursuing mitigation actions since late 2024 to partially offset these impacts. If the proposed 25% tariff on Canadian shipments to the U.S. is enacted, the Company would expect an impact of up to $3.5 million per month while in place. Even with these potential tariffs at currently announced levels, the Company expects to cover all fixed charges, including maintenance capital and interest expenses.