CN’s 2025 Annual Financial Statements and Annual Information Form available on Company Website

Rhea-AI Summary

CN (TSX: CNR / NYSE: CNI) announced that its 2025 Annual Financial Statements, related notes and Management’s Discussion and Analysis, plus the 2025 Annual Information Form and Form 40-F have been filed with Canadian and U.S. securities regulators and are available online.

According to the company, printed copies of the 2025 Annual Financial Statements and MD&A are available free to shareholders upon request.

News Market Reaction

+1.00%

1 alert

+1.00% News Effect

On the day this news was published, CNI gained 1.00%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $101.43 Vol: Volume 2,326,354 is about...

normal vol

$101.43 Last Close

Volume Volume 2,326,354 is about 1.46x the 20-day average of 1,595,928, indicating elevated trading ahead of the filing availability. normal

Technical Shares at 99.01 are trading slightly above the 200-day MA of 98.19, after a 2.57% daily gain.

Peers on Argus

CN gained 2.57%, while key rail peers also advanced: NSC +2.14%, CP +2.98%, CSX ...

CN gained 2.57%, while key rail peers also advanced: NSC +2.14%, CP +2.98%, CSX +1.30%, UNP +2.98%, WAB +1.22%, suggesting a broader rail/industrials bid beyond this routine disclosure.

Historical Context

5 past events · Latest: Feb 02 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 02	Conference appearance	Neutral	-0.6%	CEO scheduled to speak at Barclays industrial conference with webcast access.
Feb 02	Conference appearance	Neutral	-0.6%	CFO to present at Citi industrial tech and mobility conference via webcast.
Jan 30	Buyback & dividend	Positive	-4.8%	New share repurchase program and 3% dividend increase for 2026 announced.
Jan 30	Earnings results	Positive	-4.8%	Solid Q4 and 2025 results with higher EPS, better operating ratio and FCF.
Jan 29	Earnings timing	Neutral	-4.8%	Announcement of scheduled release and call for Q4 and 2025 results.

Pattern Detected

Recent positive capital return and earnings announcements (buybacks, dividend increase, solid 2025 results) were followed by notable negative price reactions, while neutral conference-related updates saw only mild moves, indicating a tendency for the stock to sell off on good news.

Recent Company History

Over the past week, CN has reported solid Q4 and 2025 results, authorized a new normal course issuer bid for up to 24 million shares, and approved a 3% dividend increase. Despite these shareholder-friendly actions and improved operating metrics, shares declined following those announcements. The current news simply formalizes availability of the 2025 Annual Financial Statements and related filings, aligning with earlier disclosures rather than introducing new financial information.

Market Pulse Summary

This announcement confirms that CN’s 2025 Annual Financial Statements, MD&A, Annual Information Form...

Analysis

This announcement confirms that CN’s 2025 Annual Financial Statements, MD&A, Annual Information Form and Form 40-F are now accessible, formalizing details already signaled in recent earnings and 6-K filings. Investors can examine full-year data, including revenue growth, EPS trends and capital allocation, alongside risk disclosures. Context from recent buyback and dividend actions, plus previously reported 2025 performance, provides a fuller picture of CN’s operating and financial trajectory.

Key Terms

management’s discussion and analysis, annual information form, form 40-f, securities regulators

4 terms

management’s discussion and analysis financial

"2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis, and its 2025"

Management’s discussion and analysis (MD&A) is a narrative section of a company’s financial filing where executives explain the recent financial results, underlying causes of those results, trends they see, and material risks and uncertainties in everyday language. Investors rely on it like a company’s report card with the manager’s comments—helping interpret raw numbers, judge future prospects and cash needs, and spot warnings or opportunities that the financial statements alone may not reveal.

annual information form regulatory

"and its 2025 Annual Information Form and Form 40-F, have been filed with Canadian"

A company's annual information form is a comprehensive regulatory filing that lays out its business description, key assets, risks, legal matters and other background details shareholders need to understand the company’s operations. Think of it as a detailed owner’s manual or dossier that supplements financial statements, helping investors do deeper homework on how the business works and what could affect its future performance.

form 40-f regulatory

"its 2025 Annual Information Form and Form 40-F, have been filed with Canadian and U.S."

A Form 40-F is a standardized annual filing used by certain Canadian companies that trade in U.S. markets to give U.S. regulators and investors the same core financial statements and key disclosures they file in Canada. Think of it as a translated, formally packaged annual report that lets investors in a different marketplace compare a company’s results, governance and risks more easily, which reduces uncertainty and helps investment decisions.

securities regulators regulatory

"Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available"

Government or independent agencies that oversee and enforce the rules for buying, selling and reporting on financial securities, acting like referees for capital markets to keep trading fair and transparent. They require companies to share accurate information, investigate fraud or insider trading, and can impose fines, suspensions or new rules—actions that protect investors, influence market trust, and can directly affect stock prices and a company’s ability to raise money.

AI-generated analysis. Not financial advice.

MONTREAL, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis, and its 2025 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the “Investors” section of its website, www.cn.ca/investors.

Printed copies of CN’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis will also be available to shareholders free of charge upon request.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. 

Contacts: 

Media	Investment Community
Ashley Michnowski	Jamie Lockwood
Senior Manager	Vice-President
Media Relations	Investor Relations and Special Projects
(438) 596-4329	(514) 399-0052
media@cn.ca	investor.relations@cn.ca

FAQ

Where can investors access CN's 2025 Annual Financial Statements (CNI)?

Investors can access the 2025 Annual Financial Statements on CN's investor website. According to the company, the filings are available in the "Investors" section at www.cn.ca/investors for download and review by shareholders and analysts.

Has CN (CNI) filed its 2025 Annual Information Form and Form 40-F with regulators?

Yes. CN has filed its 2025 Annual Information Form and Form 40-F with regulators. According to the company, these documents were filed with Canadian and U.S. securities regulators and are available on CN's investor website.

Can CN shareholders obtain printed copies of the 2025 Annual Financial Statements for CNI?

Yes. Printed copies are available free of charge to shareholders upon request. According to the company, shareholders may request printed 2025 Annual Financial Statements and MD&A at no cost from the company.

What documents did CN (CNI) include in its 2025 filings with securities regulators?

CN's 2025 filings include the Annual Financial Statements, notes, MD&A, the Annual Information Form, and Form 40-F. According to the company, all listed documents have been filed with Canadian and U.S. regulators and posted online.

When were CN's (CNI) 2025 annual documents made available to investors?

CN made its 2025 annual documents available on February 4, 2026. According to the company, the Annual Financial Statements, MD&A, Annual Information Form and Form 40-F were filed and posted that date for investor access.