Canada's Conifex Timber reports Q2 net loss of C$8.3 mln

Conifex Timber

14/08/2025 13:15

Overview

Conifex Q2 net loss C$8.3 mln, reversing Q1 net income of C$0.6 mln

Sales fall to C$33.9 mln from C$44.6 mln as lumber production impacted by reduced log availability

EBITDA negative C$3.2 mln in Q2, compared to C$4.9 mln in Q1

Outlook

Conifex expects continued volatility in North American lumber markets in 2025

Company anticipates sustaining two-shift operations through 2025

Duty deposit rate increases pose significant challenges

Conifex exploring financing options to improve liquidity

Result Drivers

LOG AVAILABILITY - Reduced log availability led to a 24% decrease in lumber production compared to the previous quarter, operating at 59% of annualized capacity

LUMBER PRICES - Lower mill net realizations on lower lumber market prices, particularly on wider dimension products, and a lower exchange rate on US dollar sales reduced revenue

MAINTENANCE SHUTDOWN - Bioenergy production fell due to a six-week annual maintenance shutdown, reducing electricity revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-C$0.18
Q2 Net Income
-C$8.30 mln
Q2 Basic EPS
-C$0.2
Q2 EBITDA
-C$3.20 mln
Q2 Operating Income
-C$4.50 mln


Press Release: ID:nGNX9DVKLc

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)