Western Forest Products Inc. (TSX:WEF)

Western Forest Products Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	1,062	1,067	1,058	1,313	1,113
Gross Profit	-75.4	-3.4	-40.6	131.2	305.2
Selling, General & Admin	43	43	42.8	44.5	57.8
Total Operating Expenses	43	43	42.8	44.5	57.8
Operating Income	-98.7	-45.4	-92.1	84.3	267.1
Interest Income	-	-	-	-0.1	1.9
Interest Expense	-15.5	-6.7	-3	-	-
Other Non-Operating Income (Expense)	-19.7	-1	8.7	2.4	-19.7
Total Non-Operating Income (Expense)	-35.2	-7.7	5.7	2.3	-17.8
Pretax Income	-114.2	-52.1	-95.1	84.4	265.2
Provision for Income Taxes	-63.6	-35.2	-50	45.2	124.8
Net Income	-79.8	-30.4	-68.5	61.7	201.4
Minority Interest in Earnings	-2.6	-4.1	-1.6	0.1	1.4
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%	-1.71%
EPS (Basic)	-7.56	-2.88	-6.60	5.70	16.80
EPS (Diluted)	-7.56	-2.88	-6.60	5.70	16.80
EPS Growth	-	-	-	-66.07%	522.22%
Free Cash Flow	-14	-13.3	-78.2	-56.8	248.5
Free Cash Flow Growth	-	-	-	-	302.75%
Free Cash Flow Per Share	-1.33	-1.26	-7.41	-5.24	20.62
Dividends Per Share	-	-	1.125	1.425	1.200
Dividend Growth	-	-	-21.05%	18.75%	77.78%
Gross Margin	-7.64%	-0.32%	-3.99%	9.09%	21.53%
Operating Margin	-10.01%	-4.27%	-9.05%	5.84%	18.84%
Profit Margin	-8.35%	-3.24%	-6.89%	4.28%	14.30%
FCF Margin	-1.42%	-1.25%	-7.69%	-3.93%	17.53%
EBITDA	-48.4	9.3	-38.4	134.5	318
EBITDA Margin	-4.91%	0.87%	-3.77%	9.31%	22.43%
EBIT	-98.7	-45.4	-92.1	84.3	267.1
EBIT Margin	-10.01%	-4.27%	-9.05%	5.84%	18.84%
Effective Tax Rate	55.69%	67.56%	52.58%	53.55%	47.06%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.