Significant EBITDA Increase for Fiscal Year 2024
EBITDA increased significantly to $244 million in 2024 from $17 million in 2023, driven by stronger pulp markets and cost reduction initiatives.
Successful Debt Refinancing
Successfully redeemed $300 million of 2026 senior notes with proceeds from $200 million of 2028 senior notes and $100 million of cash on hand.
Strong Performance in Softwood Pulp Market
Softwood pulp markets remained strong with a 29,000 tons increase in sales volume and stable pricing outlook for 2025.
Positive Impact of Strong US Dollar
Foreign exchange positively impacted operating income in Q4 by about $26 million compared to Q3.
Electricity Sales Volume Increase
Consolidated electricity sales volume totaled 241 gigawatt hours in Q4, a 36 gigawatt hours increase from Q3.