08:34 AM EST, 11/14/2025 (MT Newswires) -- Conifex Timber ( CFXTF ) said Friday that third-quarter net loss widened.

Net loss increased to $16.6 million, or $0.37 per diluted share, from a net loss of $3.8 million, or $0.09 per share, in the prior year period.

Revenue jumped 38% to $26.4 million, due to higher sales realizations as a result of higher print prices and higher exchange rates on U.S. denominated lumber sales in the current quarter.

Lumber production of 38.5 million board feet, represented 64% operating rates of annualized capacity, was negatively impacted by challenges related to log profile and delivery delays caused by the use of water-based deliveries in Conifex's supply chain.

Conifex's financial results have been adversely impacted by duty and tariff increases imposed by the U.S. on softwood lumber imports. The company is working with its lenders to provide additional accommodations under its existing facilities, including amending payment terms and amortization periods.

The company is also pursuing financing opportunities through the federal government's $700 million Softwood Lumber Guarantee Program.