FirstService 2025年度报告

☐Registration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934or Securities registered or to be registered pursuant to Section 12(g) of the Exchange Act:None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Exchange Act:None For annual reports, indicate by check mark the information filed with this Form: ☒Annual information form Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covereby the annual report: 45,722,486 Common Shares Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Actduring the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subjec ☒Yes Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuanto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant ☒Yes Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act. Emerging growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if theregistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† †The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to i Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness oits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publi If securities are registered pursuant to Section 12(b) of the Exchange Act, indicate by check mark whether the financial statements of thregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ PRINCIPAL DOCUMENTS The following documents have been filed as part of this Annual Report on Form 40-F: A. Annual Information Form For the Registrant’s Annual Information Form for the year ended December 31, 2025, see Exhibit 1 of this Annual Report on Form 40-F B. Audited Annual Financial Statements For the Registrant’s audited consolidated financial statements as at and for the years ended December 31, 2025 and 2024 and the relatednotes and the Report of Independent Registered Public Accounting Firm, see Exhibit 2 of this Annual Report on Form 40-F. C. Management’s Discussion and Analysis For the Registrant’s management’s discussion and analysis for the year ended December 31, 2025, see Exhibit 3 of this Annual Reporton Form 40-F. DISCLOSURE CONTROLS AND PROCEDURES The Registrant’s Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of the Registrant’s disclosurecontrols and procedures (as defined in Rules13a-15(e) and15d-15(e) of the Securities Exchange Act of 1934, as amended (the“Exchange Act”)) as of the end of the period covered by this annual report (the “Evaluation Date”). Based on that evaluation, the ChiefExecutive Officer and Chief Financial Officer have concluded that, as of the Evaluation Date, the Registrant’s disclosure controls andprocedures were effective to ensure that information required to be disclosed by the Registrant in reports that it files or submits under MANAGEMENT’S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Registrant.Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial Due to its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of anevaluation of its effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in Management has excluded nine entities acquired by the Company in purchase business combinations during the 2025 fiscal year fromits assessment of internal control over financial reporting as at December 31, 2025. The total assets and total revenues of the nine Management has assessed the effectiveness of the Registrant’s internal control over financial reporting as of December 31, 2025, basedon the criteria set forth inInternal Control – Integrated Framework