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The latest update is out from Avarga Limited ( (SG:X5N) ).
Taiga Building Products reported that fourth-quarter 2025 net sales fell 8% to $359.6 million amid lower lumber prices and reduced volumes, though gross margin dollars were stable and margin percentage improved on lower product costs. The quarter swung to a net loss of $9.1 million from a $6.6 million profit after a $20.5 million non-cash impairment of goodwill and intangibles at its Washington State subsidiary, reflecting weaker U.S. housing market conditions.
For full-year 2025, net sales were essentially flat at $1.63 billion, but gross margin rose modestly to $176.4 million due to cheaper product costs despite softer pricing and volumes. Annual net earnings dropped to $28.6 million from $47.6 million and EBITDA declined to $56.7 million from $79.8 million, as the U.S. unit’s impairment weighed on profitability even as management signaled confidence in a longer-term recovery in U.S. housing and renovation markets.
More about Avarga Limited
Taiga Building Products Ltd. is a North American distributor of lumber and building materials, supplying a range of wood products to construction and renovation markets. The company operates across Canada and the U.S., with exposure to housing and repair-and-remodel activity, including a subsidiary in Washington State that serves regional demand.
Average Trading Volume: 6,062
Technical Sentiment Signal: Buy
Current Market Cap: S$126.1M
Learn more about X5N stock on TipRanks’ Stock Analysis page.