Overview

* Lumber producer GreenFirst's Q3 2025 net loss widens to C$57.4 mln from C$9.6 mln in Q2

* Adjusted EBITDA for Q3 2025 was -C$47.2 mln, amid a weak lumber market impacted by duty expenses

* Company recorded C$42.7 mln duty expense due to higher US rates

Outlook

* GreenFirst sees potential recovery in lumber demand as macroeconomic concerns stabilize

* Company expects housing market recovery to support lumber demand

* Supply constraints may stabilize or support lumber prices in coming months

Result Drivers

* DUTY EXPENSES - Higher US duty rates led to a C$42.7 mln duty expense, impacting Q3 results

* LOWER LUMBER PRICES - Average realized lumber prices fell to C$695/mfbm from C$712/mfbm in Q2 2025

* PRODUCTION COSTS - Higher costs due to downtime from new equipment installation at Chapleau mill

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net C$70.2

Sales mln

from

continui

ng

operatio

ns

Q3 -C$47.2

Adjusted mln

EBITDA

from

continui

ng

operatio

ns

Q3 Net -C$57.4

Income mln

from

continui

ng

operatio

ns

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)