Greenfirst Forest Products Inc. ( (ICLTF) ) has released its Q3 earnings. Here is a breakdown of the information Greenfirst Forest Products Inc. presented to its investors.
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GreenFirst Forest Products Inc., a company specializing in sustainable forest management and lumber production, has reported its financial results for the third quarter of 2025, highlighting significant challenges in the lumber market.
The company faced a net loss of $57.4 million from continuing operations in Q3 2025, a substantial increase from the previous quarter. This was primarily due to lower sales volumes, decreased lumber prices, and higher duty expenses following the US Department of Commerce’s final determination on duty rates.
Key financial metrics showed a decline, with net sales dropping to $70.2 million, a 17% decrease from Q2 2025. The adjusted EBITDA was negative $47.2 million, exacerbated by a duty liability of $33.8 million. Despite these setbacks, GreenFirst continued its modernization efforts at the Chapleau mill, positioning itself for future market improvements.
Looking ahead, GreenFirst remains cautiously optimistic about the lumber industry’s recovery, driven by stabilizing macroeconomic conditions and a recovering housing market in North America. However, ongoing supply constraints and labor market challenges pose risks to the company’s operations and financial performance.