West Fraser Timber (WFG) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional territories, and outlined meeting procedures and agenda, including formal business items and operational updates.

• Procedures for motions, voting, and Q&A were explained, with provisions for both in-person and webcast participants.

• Confirmation of proper notice, quorum, and regular constitution of the meeting was established.

Board and executive committee updates

• Janice Rennie was recognized for 22 years of board service and her retirement was formally acknowledged.

• Eleven directors were nominated and elected for the upcoming year, with no additional nominations received.

Financial performance review

• 2025 financial statements and auditor's report were tabled and received by shareholders.

• In 2025, CAD 411 million was invested in modernization, CAD 129 million in share repurchases, and CAD 101 million paid in dividends.

• Adjusted EBITDA for 2025 was CAD 56 million, reflecting challenging market conditions.

• Exited 2025 with over $1.2 billion in available liquidity despite poor results relative to historical standards.