Conifex Timber Posted Wider Loss in Third Quarter 2025
The Q3 production represented an increase of 9% from the 35.3 million board feet produced in the previous quarter.
SEATTLE (Scrap Monster): Conifex Timber Inc. released its financial performance for the third quarter ended September 30, 2025, reporting a deeper loss as challenging market conditions continued to pressure earnings. The company posted a negative EBITDA of $16.6 million, a sharp deterioration from the negative $3.2 million recorded in Q2 2025 and a negative $3.9 million in the same quarter last year.
The net loss for the period widened to $16.6 million, or ($0.41) per share, compared with a net loss of $8.3 million or ($0.20) per share in the previous quarter, and $3.8 million or ($0.09) per share in the third quarter of 2024. The company attributed the results to continued pricing pressures and reduced profitability across North American lumber markets.
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Despite financial headwinds, Conifex achieved higher production volumes. Lumber output in Q3 2025 reached 38.5 million board feet, representing a 9% increase from the 35.3 million board feet produced in Q2 2025. The company operated at roughly 64% of its annualized production capacity during the period.
Shipments also showed moderate improvement, totaling 40.1 million board feet, up 3% from 38.9 million board feet in the previous quarter. However, pricing pressure offset volume gains, as revenues from lumber products declined 4% quarter-over-quarter to $26.4 million, though still reflecting a strong 38% year-over-year increase compared to Q3 2024.
Looking ahead, Conifex signaled caution, stating that the North American lumber market is expected to remain volatile for the rest of 2025 due to fluctuating housing demand, economic uncertainty, and ongoing price instability.