Cascades Inc ( (CADNF) ) has released its Q2 earnings. Here is a breakdown of the information Cascades Inc presented to its investors.
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Cascades Inc., a leader in sustainable packaging and hygiene solutions, operates across North America with a focus on innovative and eco-friendly products.
Cascades Inc. reported its second-quarter financial results for 2025, highlighting a slight increase in sales and a decrease in net debt. The company faced a net loss per common share but showed improvement in adjusted earnings and EBITDA.
Key financial metrics for the quarter included sales of $1,187 million, a net loss per common share of $0.03, and an adjusted EBITDA of $137 million. The company also reported a reduction in net debt to $2,104 million, with a net debt to EBITDA ratio of 3.8x. Despite a net loss, adjusted net earnings per share improved to $0.19, reflecting better operational performance.
Cascades’ strategic focus on pricing and operational efficiencies helped offset higher costs, with the packaging segment benefiting from increased selling prices and stable shipments. The tissue segment maintained stable results despite planned maintenance activities.
Looking ahead, Cascades anticipates a slight improvement in third-quarter performance, with a cautious outlook on packaging due to demand constraints. The company expects stronger results in the tissue segment, driven by volume growth and stable costs, while remaining vigilant of macroeconomic uncertainties affecting demand in North America.

