SHARE CAPITAL (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Common Stock Outstanding Roll Forward

The following tables presents the changes to common shares during the years ended December 31, 2025 and 2024:


	Ownership by
Year ended December 31, 2025 (number of shares)	Public		Province		Total
Common shares - beginning	317,023,002		282,412,648		599,435,650
Common shares issued - LTIP1	10,492		—		10,492
Common shares issued - share grants2	335,669		—		335,669
Common shares - ending	317,369,163		282,412,648		599,781,811
	52.9	%	47.1	%	100	%

1 In 2025, Hydro One issued 10,492 common shares from treasury in accordance with provisions of the LTIP.

2 In 2025, Hydro One issued 335,669 common shares from treasury in accordance with provisions of the Power Workers’ Union (PWU) and the Society Share Grant Plans.


	Ownership by
Year ended December 31, 2024 (number of shares)	Public		Province		Total
Common shares - beginning	316,664,419		282,412,648		599,077,067
Common shares issued - LTIP1	9,905		—		9,905
Common shares issued - share grants2	348,678		—		348,678
Common shares - ending	317,023,002		282,412,648		599,435,650
	52.9	%	47.1	%	100	%

1 In 2024, Hydro One issued 9,905 common shares from treasury in accordance with provisions of the LTIP.

2 In 2024, Hydro One issued 348,678 common shares from treasury in accordance with provisions of the PWU and the Society Share Grant Plans.