GreenFirst Forest Products Q3 Results Hit by Lower Sales, Weak Lumber Market

The Q3 net sales stood at $70.2 million in Q3 2025, down by approximately 17% when compared with the prior quarter.

SEATTLE (Scrap Monster): GreenFirst Forest Products Inc. has reported a significantly wider loss for the third quarter ended September 27, 2025, reflecting lower lumber prices, weaker shipment volumes, and soft market conditions.

The company posted a net loss from continuing operations of $57.4 million, or $2.54 per diluted share, in Q3 2025. This compares to a net loss of $9.6 million, or $0.42 per diluted share, in the previous quarter. The company’s adjusted EBITDA from continuing operations was negative $47.2 million, versus negative $5.2 million in Q2 2025, highlighting the impact of challenging market dynamics.

Quarterly sales fell to $70.2 million, marking a 17% decline from Q2. The drop was primarily attributed to lower shipment volumes and weaker realized pricing during the quarter. Meanwhile, cost of sales came in at $75.6 million, down about 6% sequentially, driven mainly by reduced production and lower sales activity, according to the company’s statement.

GreenFirst Updates Strategic Capital Expenditure Plan

Looking ahead, GreenFirst expressed cautious optimism. The company said that North American housing activity—a key driver of lumber demand—is showing early signs of recovery after a period of volatility. A more stable macroeconomic environment could support stronger pricing and market balance in the coming months. However, the company warned that in the near term, muted lumber demand and tight inventory management by customers are likely to keep supply-side pressures elevated.

GreenFirst emphasized its continued focus on cost discipline, operational efficiency, and strategic market positioning as it navigates through the current cycle.