Conifex Announces First Quarter 2025 Results

About this update from Conifex Timber Inc.

[{"type":"text","content":"Conifex Announces First Quarter 2025 Results\n\n\n\n VANCOUVER, British Columbia, May 12, 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 $4.9 million for the quarter compared to EBITDA of negative $2.1 million in the fourth quarter of 2024 and negative $0.5 million in the first quarter of 2024. Net income was $0.6 million or $0.02 per share for the quarter versus net loss of $7.8 million or $0.19 per share in the previous quarter and negative $4.5 million or $0.11 per share in the first quarter of 2024.\n \n\n\n Selected Financial Highlights\n \n\n\n 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.\n \n\n\n\n\n Selected Financial Information\n \n\n\n\n\n\n\n\n\n\n\n (unaudited, in millions of dollars, except share and exchange rate information)\n \n\n\n Q1\n \n\n\n 2025\n \n\n\n\n Q4\n \n\n\n 2024\n \n\n\n\n Q1\n \n\n\n 2024\n \n\n\n\n\n\n Revenue\n \n\n\n\n\n\n\n\n\n\n\n Lumber – Conifex produced\n \n\n 31.3\n \n\n 21.2\n \n\n 29.5\n \n\n\n\n Lumber – wholesale\n \n\n 0.0\n \n\n 0.0\n \n\n 0.0\n \n\n\n\n By-products and other\n \n\n 6.3\n \n\n 2.3\n \n\n 3.0\n \n\n\n\n Bioenergy\n \n\n 7.0\n \n\n 7.6\n \n\n 8.2\n \n\n\n\n\n\n\n\n 44.6\n \n\n 31.0\n \n\n 40.7\n \n\n\n\n Operating income (loss)\n \n\n 2.3\n \n\n (3.0)\n \n\n (7.1)\n \n\n\n\n EBITDA\n \n (\n \n\n 1)\n \n\n\n 4.9\n \n\n (2.1)\n \n\n (0.5)\n \n\n\n\n\n Net income (loss)\n \n\n\n\n 0.6\n \n\n\n\n (7.8\n \n\n )\n \n\n\n\n (4.5\n \n\n )\n \n\n\n\n\n\n Basic earnings (loss) per share\n \n\n\n\n 0.02\n \n\n\n\n (0.19\n \n\n )\n \n\n\n\n (0.11\n \n\n )\n \n\n\n\n\n\n Diluted earnings (loss) per share\n \n\n\n\n 0.01\n \n\n\n\n (0.18\n \n\n )\n \n\n\n\n (0.11\n \n\n )\n \n\n\n\n\n Shares outstanding – weighted average (millions)\n \n\n\n 40.7\n \n\n\n 40.6\n \n\n\n 40.4\n \n\n\n\n\n Diluted Shares (millions)\n \n\n 45.0\n \n\n 44.2\n \n\n -\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Reconciliation of EBITDA to net income (loss)\n \n\n\n\n\n\n\n\n\n\n\n Net income (loss)\n \n\n 0.6\n \n\n (7.8)\n \n\n (4.5)\n \n\n\n\n Add:\n \n\n Fin...

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