WEST FRASER ANNOUNCES COMPLETION OF FORM 40-F FILING

Rhea-AI Summary

West Fraser (TSX and NYSE: WFG) announced it completed its 2025 annual report on Form 40-F and filed it with the SEC on EDGAR on February 11, 2026. The filing includes audited financial statements for the year ended December 31, 2025, MD&A and the annual information form.

These documents were also filed on SEDAR+ and are available on the company's investor website; hard copies are available to shareholders on request.

News Market Reaction – WFG

-1.78%

-1.78% Session close to close

In the Feb 12 session, WFG declined 1.78%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms completion of West Fraser’s Form 40-F filing, making audited 2025 financi...

Analysis

This announcement confirms completion of West Fraser’s Form 40-F filing, making audited 2025 financial statements, MD&A, and the annual information form available on EDGAR, SEDAR+, and the company’s website. Related 6-Ks show 2025 sales of $5.462 billion, a net loss of $937 million, and Adjusted EBITDA of $56 million, alongside lower cash of $202 million. Investors may monitor upcoming calls, capital spending of $300–$350 million, and dividend continuity at $0.32 per share as they assess the company’s trajectory.

Key Figures

Shares outstanding: 78,299,822 shares Q4 2025 sales: $1.165 billion Q4 2025 net loss: $751 million ( $(9.63) per diluted share ) +5 more

8 metrics

Shares outstanding 78,299,822 shares Common shares as of Dec 31, 2025 per Form 40-F

Q4 2025 sales $1.165 billion Fourth quarter 2025 sales from 6-K

Q4 2025 net loss $751 million ( $(9.63) per diluted share ) Fourth quarter 2025 results from 6-K

2025 sales $5.462 billion Full-year 2025 sales from 6-K

2025 net loss $937 million ( $(12.08) per diluted share ) Full-year 2025 results from 6-K

2025 Adjusted EBITDA $56 million vs $673 million in 2024 Adjusted EBITDA decline noted in 6-K

Cash & STI $202 million vs $641 million Cash and short-term investments at 2025 year-end vs 2024

Dividend $0.32 per share Quarterly dividend declared payable April 2, 2026

Historical Context

5 past events · Latest: Jan 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 22	Conference call notice	Neutral	+1.4%	Scheduled Q4 2025 results call and release timing announcement.
Jan 08	Impairment & outlook	Negative	+6.5%	Announced ~$409M goodwill impairment and 2026 operational guidance ranges.
Dec 10	Dividend declaration	Positive	-0.5%	Declared quarterly dividend of US$0.32 per share with January 2026 payment.
Dec 04	OSB curtailment	Negative	+0.6%	Indefinite curtailment of High Level OSB mill and related asset impairment.
Nov 06	Lumber closures	Negative	-0.2%	Permanent closures of multiple lumber mills and confirmation of curtailments.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

News often elicits mixed reactions, with several negative operational updates seeing positive price responses, suggesting investors may focus on longer-term positioning or relief on clarity.

Recent Company History

Recent news for WFG has focused on operational resets, impairments, and capital allocation. In November–December 2025, the company announced lumber and OSB capacity reductions with associated impairments, plus a regular quarterly dividend of US$0.32. On January 8, 2026, it flagged a $409 million goodwill impairment and provided 2026 volume and capex guidance. A January conference-call notice drew a modestly positive reaction. Against this backdrop, the Form 40-F filing formalizes 2025 results and governance disclosures already hinted at in prior 6-Ks.

Key Terms

form 40-f, edgar, sedar+, md&a, +3 more

7 terms

form 40-f regulatory

"filed its 2025 annual report on Form 40-F with the SEC on EDGAR"

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.

edgar regulatory

"Form 40-F with the SEC on EDGAR (www.sec.gov/edgar)"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

sedar+ regulatory

"filed with Canadian securities authorities on SEDAR+ (www.sedarplus.ca)"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

md&a financial

"annual management's discussion and analysis ("MD&A") and annual information form"

Management’s Discussion and Analysis (MD&A) is a section of a company’s financial filing where executives explain recent results, the reasons behind changes, risks faced, and expectations for the future in plain language alongside the numbers. Investors use it like an owner’s narrative to understand the story behind the raw financial data — what drove performance, potential pitfalls, and management’s plans — helping judge whether the company’s numbers are likely to improve or worsen.

ifrs accounting standards financial

"prepares its financial statements under IFRS Accounting Standards"

International Financial Reporting Standards (IFRS) are a set of common rules for preparing company financial reports so numbers like profit, assets and debt are presented consistently across countries. Think of them as a standardized recipe or blueprint that helps investors compare businesses the same way they would compare cars using the same list of features; consistent reporting reduces surprises and makes it easier to assess value, risk and performance.

internal control over financial reporting regulatory

"effectiveness of internal control over financial reporting."

Internal control over financial reporting is a company’s system of procedures and checks designed to make sure its financial statements are accurate and complete, like a set of guardrails and verification steps that catch mistakes or fraud before numbers are published. Investors care because strong controls make reported results more trustworthy, lower the risk of surprise restatements or regulatory problems, and give greater confidence when valuing the company or comparing it to peers.

adjusted ebitda financial

"Adjusted EBITDA fell to $56 million from $673 million in 2024."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, Feb. 11, 2026 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that it filed its 2025 annual report on Form 40-F with the SEC on EDGAR (www.sec.gov/edgar). The Form 40-F includes the Company's audited financial statements for the year ended December 31, 2025, annual management's discussion and analysis ("MD&A") and annual information form, each of which have been filed with Canadian securities authorities on SEDAR+ (www.sedarplus.ca). These documents are also available in the investors section of the Company's website at www.westfraser.com and a hard copy will be provided to shareholders free of charge upon request to shareholder@westfraser.com.

About West Fraser

West Fraser is a diversified wood products company with more than 50 facilities in Canada, the United States, the United Kingdom, and Europe, which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, and other residuals. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

View original content:https://www.prnewswire.com/news-releases/west-fraser-announces-completion-of-form-40-f-filing-302685604.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What did West Fraser (WFG) file with the SEC on February 11, 2026?

West Fraser filed its 2025 annual report on Form 40-F with the SEC. According to the company, the filing includes audited 2025 financial statements, annual MD&A and the annual information form already filed on SEDAR+ and posted on the investor website.

Does West Fraser's Form 40-F include audited financial statements for 2025?

Yes. The Form 40-F includes the company's audited financial statements for the year ended December 31, 2025. According to the company, those statements are also filed with Canadian securities authorities and available on its investor website and SEDAR+.

Where can investors access West Fraser's 2025 Form 40-F and related documents (WFG)?

Investors can access the Form 40-F on the SEC EDGAR site and the documents on SEDAR+ and West Fraser's investor website. According to the company, hard copies are available free to shareholders upon request to shareholder@westfraser.com.

Will West Fraser provide hard copies of the 2025 annual report to shareholders?

Yes. The company will provide a hard copy free of charge upon request. According to the company, shareholders may request a copy by emailing shareholder@westfraser.com and the documents are also available online.

Does the Form 40-F filing affect West Fraser's listing on the NYSE (WFG)?

The filing is a routine regulatory disclosure required for Canadian issuers listed in the U.S. According to the company, the Form 40-F contains the audited statements and required annual reports; it does not announce any change to listing status or trading arrangements.