Overview

* Canfor Pulp Q3 sales miss analyst expectations amid global pulp market weakness

* Company reports Q3 operating loss of C$16 mln, net loss of C$12 mln

* Pulp production up 5% qtr/qtr, but demand remains weak

Outlook

* Company expects weak pulp market conditions to persist in Q4 2025

* Maintenance outage to reduce Q4 2025 pulp production by 10,000 tonnes

* Management working to mitigate risk of financial covenant non-compliance

Result Drivers

* GLOBAL PULP MARKET WEAKNESS - Co cites depressed global pulp market fundamentals and weak demand in China and North America as key factors for Q3 results

* INVENTORY LEVELS - Elevated pulp producer inventories contributed to ongoing pricing declines, impacting Q3 results

* PRODUCTION IMPROVEMENT - Pulp production increased by 5% qtr/qtr, partially offsetting negative market impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss C$164.60 C$167.80

mln mln (2

Analysts

)

Q3 Net -C$12.40

Loss mln

Q3 -C$7.20

Adjusted mln

Operatin

g Loss

Q3 Basic -C$0.19

Loss per

Share

Q3 -C$16

Operatin mln

g Loss

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the paper products peer group is "buy."

* Wall Street's median 12-month price target for Canfor Pulp Products Inc ( CFPUF ) is C$0.73, about 46.2% above its November 5 closing price of C$0.39

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.)