Western Forest Products Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	986.5	1,064	1,018	1,444	1,418
Revenue Growth (YoY)	-7.27%	4.56%	-29.54%	1.85%	46.93%
Cost of Revenue	910.5	973.7	966.9	1,191	992.8
Gross Profit	76	90.2	50.6	253.3	424.9
Selling, General & Admin	101.8	112.3	118.6	147.2	151.9
Other Operating Expenses	92.7	24.4	15.4	21.9	27
Operating Expenses	194.5	136.7	134	169.1	178.9
Operating Income	-118.5	-46.5	-83.4	84.2	246
Interest Expense	-14.7	-10.2	-5.8	-2	-2.1
Interest & Investment Income	-	4.6	3.8	2.2	0.7
Currency Exchange Gain (Loss)	-5.3	7	-1.5	2.5	-0.4
Other Non Operating Income (Expenses)	-0.6	-0.9	-0.8	0.2	-0.2
EBT Excluding Unusual Items	-139.1	-46	-87.7	87.1	244
Merger & Restructuring Charges	-1.9	-5.5	-7.5	-4.5	-2.7
Gain (Loss) on Sale of Assets	23.8	-0.6	-0.2	0.6	23.3
Asset Writedown	-	-	0.3	1.2	0.6
Other Unusual Items	-3.9	-	-	-	-
Pretax Income	-114.2	-52.1	-95.1	84.4	265.2
Income Tax Expense	-31.8	-17.6	-25	22.6	62.4
Earnings From Continuing Operations	-82.4	-34.5	-70.1	61.8	202.8
Net Income to Company	-82.4	-34.5	-70.1	61.8	202.8
Minority Interest in Earnings	2.6	4.1	1.6	-0.1	-1.4
Net Income	-79.8	-30.4	-68.5	61.7	201.4
Net Income to Common	-79.8	-30.4	-68.5	61.7	201.4
Net Income Growth	-	-	-	-69.36%	508.46%
Shares Outstanding (Basic)	11	11	11	11	12
Shares Outstanding (Diluted)	11	11	11	11	12
Shares Change (YoY)	-	-	-2.58%	-10.05%	-3.69%
EPS (Basic)	-7.56	-2.88	-6.49	5.73	16.85
EPS (Diluted)	-7.56	-2.88	-6.60	5.70	16.80
EPS Growth	-	-	-	-66.07%	534.78%
Free Cash Flow	-14	-13.3	-78.2	-56.8	248.5
Free Cash Flow Per Share	-1.33	-1.26	-7.41	-5.24	20.62
Dividend Per Share	-	-	1.125	1.425	1.200
Dividend Growth	-	-	-21.05%	18.75%	77.78%
Gross Margin	7.70%	8.48%	4.97%	17.54%	29.97%
Operating Margin	-12.01%	-4.37%	-8.20%	5.83%	17.35%
Profit Margin	-8.09%	-2.86%	-6.73%	4.27%	14.21%
Free Cash Flow Margin	-1.42%	-1.25%	-7.69%	-3.93%	17.53%
EBITDA	-76.2	-	-38.2	127.7	290.4
EBITDA Margin	-7.72%	-	-3.75%	8.84%	20.48%
D&A For EBITDA	42.3	46.5	45.2	43.5	44.4
EBIT	-118.5	-46.5	-83.4	84.2	246
EBIT Margin	-12.01%	-4.37%	-8.20%	5.83%	17.35%
Effective Tax Rate	-	-	-	26.78%	23.53%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.