Taiga Building Products Ltd. released its Annual Information Form (AIF) for the fiscal year ended Dec, 31 2025 on Feb, 27 2026.
The AIF confirms that Taiga paid a one-time special dividend of 180 million Canadian dollars on Jun, 23 2025 to shareholders of record on Jun, 6 2025, following an earlier 25 million Canadian-dollar special dividend paid on Dec, 8 2023.
On Sep, 4 2025 the company began a new normal course issuer bid allowing the purchase of up to 5.40 million common shares; no shares have been repurchased under this programme so far. Under its 2023 bid, Taiga cancelled 125,232 shares at an average price of 2.89 Canadian dollars.
Board changes detailed in the filing include the appointments of Sylvester Ong Pai Koo on May, 3 2024 and Juliana Pauline Almeida on May, 8 2025, and the resignations of Trent Balog on Jan, 30 2024 and Brian Flagel on Mar, 21 2025.
The AIF notes a change of control at major shareholder Avarga Ltd. after Dr. Kooi Ong Tong, through TKO Pte. Ltd., increased his indirect stake; Avarga now controls about 80.11 million Taiga shares, or roughly 74% of the company’s outstanding stock.
Taiga also reiterates that it secured a 250 million Canadian-dollar senior secured revolving credit facility on Dec, 21 2022 and outlines key risks, including elevated U.S. softwood lumber duties and continued housing-market volatility.