VANCOUVER, British Columbia — February 17, 2026 — Leads & Copy — Canfor Corporation (TSX: CFP) announced today it will record a non-cash asset write down and impairment charge totaling approximately $321 million in its fourth quarter of 2025 results.
Of this amount, $215 million relates to the Company’s lumber segment and $106 million relates to its pulp and paper segment.
In the lumber segment, the impairment is associated with the Company’s European operations and reflects ongoing log supply pressures in the region, which have resulted in significant increases in log costs and reduced asset carrying values.
In the pulp segment, the impairment reflects sustained declines in global US-dollar pulp list prices as well as continued challenges in securing economically viable fibre necessary to support operations.
The company presently holds 54.8% of Canfor Pulp’s outstanding shares. The special meeting of shareholders will be held on March 6, 2026 where Canfor Pulp will be seeking shareholder approval of the Proposed Transaction.
Canfor is proposing to acquire all of the issued and outstanding shares of Canfor Pulp Products Inc. that it does not already own pursuant to an arrangement agreement with Canfor Pulp dated December 3, 2025.
This impairment charge is non-cash in nature and does not affect Canfor’s liquidity position, cash flows or day-to-day operations.
This news release is deemed to be incorporated by reference in the management information circular dated January 28, 2026 in respect of Canfor Pulp’s special meeting of shareholders.
Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP.
For further information regarding the Proposed Transaction and the Meeting, see the Circular filed on Canfor Pulp’s SEDAR+ profile at sedarplus.ca.
Source: Canfor
