Business
Conifex Announces 2024 Year-End and Fourth Quarter 2024 Results
VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“ C...
About this update from Conifex Timber Inc.
[{"type":"text","content":"Conifex Announces 2024 Year-End and Fourth Quarter 2024 Results\n\n\n\n VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“\n \n Conifex\n \n ”, “\n \n we\n \n ” or “\n \n us\n \n ”) (TSX: CFF) today reported results for the fourth quarter and year ended December 31, 2024. EBITDA\n \n *\n \n from continuing operations was negative $2.1 million for the quarter and negative $13.6 million for the year, compared to EBITDA of negative $3.5 million in the fourth quarter of 2023 and negative $25.8 million for the year. Net loss was $29.8 million or negative $0.73 per share for the year versus net loss in the preceding year of $0.77 per share.\n \n\n\n Selected Financial Highlights\n \n\n\n The following table summarizes our selected financial information for the comparative periods. Unless otherwise noted, financial information reflects results of continuing operations from our Mackenzie sawmill and power plant.\n \n\n\n\n\n Selected Financial Information\n \n\n (\n \n\n 1)\n \n\n\n\n\n\n\n\n\n (unaudited, in millions of dollars, except share and\n \n exchange rate information)\n \n\n\n\n Q4\n \n\n\n 2024\n \n\n\n\n\n Q3\n \n\n\n 2024\n \n\n\n\n\n 2024\n \n\n\n\n\n Q4\n \n\n\n 2023\n \n\n\n\n 2023\n \n\n\n\n\n\n Revenue\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Lumber – Conifex produced\n \n\n 21.2\n \n\n 19.1\n \n\n 93.5\n \n\n 23.9\n \n\n 95.3\n \n\n\n\n Lumber – wholesale\n \n\n 0.0\n \n\n 0.0\n \n\n 0\n \n\n 0.9\n \n\n 3.6\n \n\n\n\n By-products and other\n \n\n 2.3\n \n\n 2.9\n \n\n 10.6\n \n\n 2.7\n \n\n 18.1\n \n\n\n\n Bioenergy\n \n\n 7.6\n \n\n 3.2\n \n\n 23.7\n \n\n 7.7\n \n\n 24.1\n \n\n\n\n\n\n 31.0\n \n\n 25.2\n \n\n 127.7\n \n\n 35.2\n \n\n 141.1\n \n\n\n\n Operating income (loss)\n \n\n (3.0)\n \n\n (6.1)\n \n\n (25.9)\n \n\n (6.6)\n \n\n (38.7)\n \n\n\n\n EBITDA\n \n (\n \n\n 1\n \n\n )\n \n\n\n\n (2.1)\n \n\n (3.9)\n \n\n (13.6)\n \n\n (3.5)\n \n\n (25.8)\n \n\n\n\n\n Net income (loss)\n \n\n\n\n (11.8\n \n\n )\n \n\n\n\n (3.8\n \n\n )\n \n\n\n\n (29.8\n \n\n )\n \n\n\n\n (5.3\n \n\n )\n \n\n\n\n (30.6\n \n\n )\n \n\n\n\n\n\n Basic earnings (loss) per share\n \n\n\n\n (0.29\n \n\n )\n \n\n\n\n (0.09\n \n\n )\n \n\n\n\n (0.73\n \n\n )\n \n\n\n\n (0.14\n \n\n )\n \n\n\n\n (0.77\n \n\n )\n \n\n\n\n\n\n Diluted earnings (loss) per s...