Conifex Announces Second Quarter 2025 Results

VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Conifex Timber Inc. ("Conifex", "we" or "us") (TSX:CFF) today reported results for the first quarter ended March 31, 2025. EBITDA* was negative $3.2 million for the quarter compared to EBITDA of $4.9 million in the first quarter of 2025 and negative $7.1 million in the second quarter of 2024. Net loss was $8.3 million or ($0.20) per share for the quarter versus net income of $0.6 million or $0.02 per share in the previous quarter and net loss of $9.7 million or ($0.24) per share in the second quarter of 2024.

Selected Financial Highlights

The following table summarizes our selected financial information for the comparative periods. The financial information reflects results of operations from our Mackenzie sawmill and power plant.

Selected Financial Information

 

 

 

 

 

 

 

(unaudited, in millions of dollars, except share andexchange rate information)

Q22025

Q12025

YTD2025

Q22024

YTD2024

 

Sales

 

 

 

 

 

 

Lumber, Conifex produced

27.4

 

31.3

 

58.7

 

25.0

 

54.5

 

By-products and other

2.9

 

6.3

 

9.2

 

2.3

 

5.3

 

Bioenergy

3.6

 

7.0

 

10.6

 

4.5

 

12.7

 

 

33.9

 

44.6

 

78.5

 

31.8

 

72.5

 

Operating income (loss)

(4.5

)

2.3

 

(2.2

)

(9.6

)

(16.7

)

EBITDA(1)

(3.2

)

4.9

 

1.7

 

(7.1

)

(7.6

)

Net income (loss)

(8.3

)

0.6

 

(7.7

)

(9.7

)

(14.2

)

Basic earnings (loss) per share

(0.20

)

0.02

 

(0.19

)

(0.24

)

(0.35

)

Diluted earnings (loss) per share

(0.18

)

0.01

 

(0.17

)

(0.22

)

(0.33

)

Shares outstanding, weighted average (millions)

40.7

 

40.7

 

40.7

 

40.4

 

40.4

 

Diluted Shares (millions)

45.1

 

45.0

 

45.1

 

44.0

 

44.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of EBITDA to net income (loss)

 

 

 

 

 

 

Net income (loss)

(8.3

)

0.6

 

(7.7

)

(9.7

)

(14.2

)

Add:

Finance costs

 

2.4