Western Announces First Quarter 2026 Results
Press Release
May 6, 2026 – Vancouver, British Columbia – Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported Adjusted EBITDA of negative $13.6 million in the first quarter of 2026. In comparison, the Company reported Adjusted EBITDA of $3.5 million in the first quarter of 2025 and Adjusted EBITDA of negative $6.2 million in the fourth quarter of 2025. Adjusted EBITDA in the first quarter of 2026, included a one-time $2.8 million expense due to changes in inventory accounting estimates related to the Company’s inventory costing model and a $ 1.9 million expense related to share-based compensation due to a 34% increase in the Company’s share price in the first quarter of 2026. Adjusted EBITDA included a $0.9 million expense in share-based compensation expense in the first quarter of 2025 and a $0.1 million expense in the fourth quarter of 2025.
Net loss was $19.9 million in the first quarter of 2026, compared to net income of $13.8 million in the first quarter of 2025 and net loss of $17.5 million in the fourth quarter of 2025.
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