GreenFirst Cuts Q4 Loss, Boosts Liquidity Amid Lumber Slump
Rubber and Wood | 2026-03-30 10:48:47
Meanwhile, new U.S. tariffs under Section 232 imposed a 10% duty on Canadian softwood lumber exports, adding cost pressures.
By Paul Ploumis
SEATTLE (Scrap Monster): GreenFirst Forest Products Inc. reported its financial results for the year ended December 31, 2025, highlighting improved quarterly performance despite ongoing weakness in lumber markets.
The company posted a Q4 2025 net loss from continuing operations of $32.8 million, or $1.43 per diluted share, narrowing from a $57.4 million loss in Q3. Adjusted EBITDA also improved to negative $21.7 million from negative $47.2 million in the prior quarter. However, benchmark lumber prices declined during the period, with average realized prices falling to $654 per thousand board feet from $695 in Q3.
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During the quarter, the company reclassified $4.8 million in previously reported costs within its 2024 financials, with no impact on net loss or cash flows. Meanwhile, new U.S. tariffs under Section 232 imposed a 10% duty on Canadian softwood lumber exports, adding cost pressures.
Operationally, GreenFirst completed installation of a new log line at its Chapleau mill, though commissioning temporarily affected production. The company also secured financial support, including a $19 million credit backstop from Export Development Canada and a $30 million term loan under a federal softwood lumber program.
CEO Joel Fournier said the company remains focused on stabilizing operations and improving performance heading into 2026.
POLL
What will be most critical for GreenFirst’s recovery in 2026?
Frequently Asked Questions
- How did GreenFirst perform in Q4 2025?
The company reported a narrower net loss and improved EBITDA compared to Q3, signaling better operational performance.
- What impacted the company’s revenues?
Lower lumber prices and U.S. tariffs on Canadian softwood lumber weighed on overall performance.
- What steps is the company taking to improve its position?
GreenFirst invested in mill upgrades and secured financing support to strengthen liquidity and operational efficiency.
