Canfor Posted Huge Q3 2025 Loss as Lumber and Pulp Prices Slide
The net loss for the quarter stood at $172 million, equivalent to $1.48 per share.
SEATTLE (Scrap Monster): Canfor Corporation has announced its financial results for the third quarter of 2025, reporting an operating loss of $208.3 million, primarily due to continued weakness in lumber and pulp pricing across all operating regions. The results mark a slight improvement from the previous quarter, when the company reported an operating loss of $251.4 million.
The company’s net loss for Q3 2025 totaled $172 million, or $1.48 per share, while the adjusted operating loss stood at $111 million, compared to $44 million in the second quarter.
In the lumber segment, Canfor reported an operating loss of $182 million and an adjusted operating loss of $90 million, with total lumber sales reaching $1.095 billion, representing a 9% decline from the previous quarter. The pulp and paper segment also faced pressure, recording an operating loss of $16 million and an adjusted operating loss of $11 million for the quarter.
Additionally, the company recognized a duty expense of $77 million in the third quarter, related to finalized countervailing and anti-dumping rates.
Canfor’s interim report highlighted that global pulp market fundamentals remained subdued throughout Q3 2025. The Chinese market continued to show weakness, while North American pulp markets also softened during the same period.
The company noted that it continues to navigate challenging market conditions while focusing on operational efficiency and long-term sustainability across its global operations.
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