Business
GreenFirst Reports Financial Results for the First Quarter of 2025
GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company...
About this update from Greenfirst Forest Products Inc
[{"type":"text","content":"GreenFirst Reports Financial Results for the First Quarter of 2025\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth18 { width: 18% }\n.bwwidth2 { width: 2% }\n.bwwidth3 { width: 3% }\n.bwwidth4 { width: 4% }\n.bwwidth56 { width: 56% }\n.bwwidth61 { width: 61% }\n.bwwidth65 { width: 65% }\n.bwwidth8 { width: 8% }\n.bwwidth9 { width: 9% }\n \n\n\n\n GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announced results for the first quarter ended March 29, 2025. The Company’s interim financial statements (\"Financial Statements\") and related Management's Discussion and Analysis (\"MD&A\") for the first quarter ended March 29, 2025 are available on GreenFirst’s website at\n \n www.greenfirst.ca\n \n and on SEDAR+ at\n \n www.sedarplus.ca\n \n .\n \n\n\n Highlights\n \n\n\n\n Q1 2025 net income from continuing operations was $0.9 million or $0.04 earnings per share (diluted), compared to net loss of $26.6 million or $1.39 loss per share (diluted) in Q4 2024. Adjusted EBITDA from continuing operations for Q1 2025 was positive $5.1 million compared to negative $0.9 million in Q4 2024.\n \n\n Benchmark prices saw increases during the quarter which resulted in an average realized lumber prices of $729/mfbm for Q1 2025 which was higher than the $680/mfbm pricing realized in Q4 2024.\n \n\n On February 1, 2025, the new U.S. administration issued an executive order imposing new tariffs on imports from Canada, which came into effect on March 4, 2025. These tariffs were subsequently reversed on March 6, 2025. On April 2, 2025, the U.S. administration issued a new executive order imposing a 10% tariff on all ...