What were Canfor Corporation’s financial results for the third quarter of 2025?

Canfor reported an operating loss of $208.3 million in Q3 2025, mainly due to persistently weak lumber and pulp pricing. This represents a slight improvement from the $251.4 million operating loss reported in the previous quarter.

How much was the company’s net loss for the quarter?

The company posted a net loss of $172 million, equivalent to $1.48 per share, while its adjusted operating loss stood at $111 million, compared to $44 million in Q2 2025.

How did the lumber segment perform during the quarter?

The lumber segment recorded an operating loss of $182 million and an adjusted operating loss of $90 million, with total sales declining 9% to $1.095 billion from the previous quarter due to weak pricing and market conditions.

Canfor Posted Huge Q3 2025 Loss as Lumber and Pulp Prices Slide

Rubber and Wood | 2025-11-06 10:55:36

The net loss for the quarter stood at $172 million, equivalent to $1.48 per share.

By Paul Ploumis

Canfor Posted Huge Q3 2025 Loss as Lumber and Pulp Prices Slide

Summary

Canfor Corporation reported an operating loss of $208.3 million in Q3 2025, mainly due to persistently weak lumber and pulp prices across all regions, showing slight improvement from the previous quarter’s $251.4 million loss.
The company posted a net loss of $172 million ($1.48 per share), while total lumber sales dropped 9% to $1.095 billion; the pulp and paper segment also remained under pressure.
Canfor incurred a $77 million duty expense related to finalized trade rates, as global pulp markets stayed subdued, particularly in China and North America.

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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What do you think is the most significant factor behind Canfor’s continued operating losses in Q3 2025?

Persistently weak global lumber and pulp prices across major markets

Reduced demand from China and softening North American pulp markets

High duty expenses and ongoing trade-related costs impacting profitability

Frequently Asked Questions

What were Canfor Corporation’s financial results for the third quarter of 2025?
Canfor reported an operating loss of $208.3 million in Q3 2025, mainly due to persistently weak lumber and pulp pricing. This represents a slight improvement from the $251.4 million operating loss reported in the previous quarter.
How much was the company’s net loss for the quarter?
The company posted a net loss of $172 million, equivalent to $1.48 per share, while its adjusted operating loss stood at $111 million, compared to $44 million in Q2 2025.
How did the lumber segment perform during the quarter?
The lumber segment recorded an operating loss of $182 million and an adjusted operating loss of $90 million, with total sales declining 9% to $1.095 billion from the previous quarter due to weak pricing and market conditions.