Western Forest Products Inc. (TSX:WEF)

Western Forest Products Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	4.3	4.3	7.9	2.3	15.8	130
Cash & Short-Term Investments	4.3	4.3	7.9	2.3	15.8	130
Cash Growth	2.38%	-45.57%	243.48%	-85.44%	-87.85%	4382.76%
Accounts Receivable	68.7	66.1	60.1	50.9	60.4	56.3
Other Receivables	8.9	8.9	6.6	23.5	17.4	-
Receivables	77.6	77.6	69.3	74.4	80.4	56.3
Inventory	188	181.8	217.1	213.5	224.8	207.2
Prepaid Expenses	25.2	25.1	32.1	33.6	18.7	16.4
Other Current Assets	24.2	11.8	7.7	11.1	0.1	1.1
Total Current Assets	319.3	300.6	334.1	334.9	339.8	411
Property, Plant & Equipment	330.3	330.4	398.2	403.7	413.8	392.3
Long-Term Investments	-	2.6	4	-	11	10
Goodwill	7.4	7.1	7.5	6.9	7	-
Other Intangible Assets	77.8	84.2	88.2	92.3	96.3	100.3
Long-Term Deferred Tax Assets	0.1	2.9	0.1	0.2	0.2	0.2
Other Long-Term Assets	8.4	9.9	82.7	77.4	64.7	42.6
Total Assets	743.3	738	915.5	915.4	932.8	959

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	101.1	86.6	109	102.8	108.5	112.8
Accrued Expenses	6.8	6.9	7.4	7.9	8.3	9.9
Short-Term Debt	0.4	0.4	-	0.9	-	-
Current Portion of Leases	6.7	7.3	6.7	6.9	6.8	5.5
Current Income Taxes Payable	0.9	0.2	-	0.2	0.2	64.1
Current Unearned Revenue	2	2	2	2	2	2
Other Current Liabilities	12.8	2.1	1.9	0.3	-	-
Total Current Liabilities	130.7	105.5	127	121	125.8	194.3
Long-Term Debt	36.1	37.6	85.5	83.8	-	-
Long-Term Leases	16.4	13.8	12.8	13	16.4	12.8
Long-Term Unearned Revenue	37.4	38.4	40.5	42.5	44.5	46.5
Pension & Post-Retirement Benefits	4.7	5.2	7.6	6.8	7.8	11.6
Long-Term Deferred Tax Liabilities	28.1	36.4	57	61.6	65.2	53.7
Other Long-Term Liabilities	14.2	19	18.8	18.8	21.4	22.9
Total Liabilities	267.6	255.9	349.2	347.5	281.1	341.8

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	405.4	405.4	405.4	405.4	405.4	420.8
Additional Paid-In Capital	8.9	8.9	8.9	8.8	9.1	9
Retained Earnings	50.2	57.5	135.8	148.9	229.1	184.5
Comprehensive Income & Other	7.4	4.8	8.1	1.9	3.6	-2.2
Total Common Equity	471.9	476.6	558.2	565	647.2	612.1
Minority Interest	3.8	5.5	8.1	2.9	4.5	5.1
Shareholders' Equity	475.7	482.1	566.3	567.9	651.7	617.2
Total Liabilities & Equity	743.3	738	915.5	915.4	932.8	959

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	59.6	59.1	105	104.6	23.2	18.3
Net Cash (Debt)	-55.3	-54.8	-97.1	-102.3	-7.4	111.7
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.24	-5.19	-9.20	-9.69	-0.68	9.27
Filing Date Shares Outstanding	10.56	10.56	10.56	10.56	10.56	10.85
Total Common Shares Outstanding	10.56	10.56	10.56	10.56	10.56	10.96
Working Capital	188.6	195.1	207.1	213.9	214	216.7
Book Value Per Share	44.70	45.14	52.87	53.51	61.30	55.85
Tangible Book Value	386.7	385.3	462.5	465.8	543.9	511.8
Tangible Book Value Per Share	36.63	36.49	43.80	44.12	51.51	46.70
Land	-	41.4	58.2	57	59.5	58.6
Buildings	-	512	509.6	485.5	483.5	445.6

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

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