Canada's GreenFirst Q3 net loss widens sequentially amid tariff-related uncertainty

GreenFirst Forest Products

12/11/2025 01:50

Overview

Lumber producer GreenFirst's Q3 2025 net loss widens to C$57.4 mln from C$9.6 mln in Q2

Adjusted EBITDA for Q3 2025 was -C$47.2 mln, amid a weak lumber market impacted by duty expenses

Company recorded C$42.7 mln duty expense due to higher US rates

Outlook

GreenFirst sees potential recovery in lumber demand as macroeconomic concerns stabilize

Company expects housing market recovery to support lumber demand

Supply constraints may stabilize or support lumber prices in coming months

Result Drivers

DUTY EXPENSES - Higher US duty rates led to a C$42.7 mln duty expense, impacting Q3 results

LOWER LUMBER PRICES - Average realized lumber prices fell to C$695/mfbm from C$712/mfbm in Q2 2025

PRODUCTION COSTS - Higher costs due to downtime from new equipment installation at Chapleau mill

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Sales from continuing operations
C$70.2 mln
Q3 Adjusted EBITDA from continuing operations
-C$47.2 mln
Q3 Net Income from continuing operations
-C$57.4 mln


Press Release: ID:nBw7frlbja

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(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.)