March 5, 2026
Vancouver, BC - Canfor Corporation (TSX: CFP) today reported its fourth quarter of 2025 results:
Overview
- For the fourth quarter of 2025, the Company reported an operating loss of $415.9 million and a net loss of $390.5 million, equivalent to $3.35 per share.
- An asset write-down and impairment charge of approximately $320.4 million has been recorded in Q4 2025 (including a $52.5 million write off of a previously recognized deferred tax asset), of which $213.9 million relates to the Company's lumber segment and $106.5 million relates to the pulp and paper segment.
- After taking into consideration adjusting and one-time items of $270.9 million, the adjusted operating loss for Q4 2025 was $145.0 million, compared to a similarly adjusted operating loss of $111.3 million in Q3 2025.
- North American lumber markets continued to face pressure in Q4 2025, as elevated US softwood lumber duties along with tariffs, further dampened already weak demand. Sawmill curtailments and seasonally lower inventories supported a slight improvement in benchmark prices late in Q4 2025.
- Lumber production was up 2% from the previous quarter, driven primarily by the full quarter contribution from the recently acquired Hedin sawmills in Europe, partially offset by seasonal holiday downtime across all operating regions.
- Global softwood pulp markets were relatively flat through Q4 2025, principally driven by elevated pulp producer inventory levels.