Business
GreenFirst Reports Financial Results for the Second 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 Second Quarter of 2025\n\n\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.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth6 { width: 6% }\n.bwwidth7 { width: 7% }\n.bwwidth74 { width: 74% }\n.bwwidth77 { width: 77% }\n.bwwidth8 { width: 8% }\n.bwwidth83 { width: 83% }\n \n\n\n\n GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announced results for the second quarter and two quarters ended June 28, 2025. The Company’s interim financial statements (\"Financial Statements\") and related Management's Discussion and Analysis (\"MD&A\") for the second quarter and two quarters ended June 28, 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 Q2 2025 net loss from continuing operations was $9.6 million or $0.42 loss per share (diluted), compared to net income of $0.9 million or $0.04 earnings per share (diluted) in Q1 2025. Adjusted EBITDA from continuing operations for Q2 2025 was negative $5.2 million compared to positive $5.1 million in Q1 2025.\n \n\n\n\n Benchmark lumber prices declined during the quarter, resulting in an average realized lumber price of $712 per thousand board feet (mfbm) in Q2 2025, down from $729/mfbm in Q1 2025.\n \n\n\n\n During Q2 2025, the Company continued collaboration with the Chapleau large log line supplier to ensure the project remains on schedule and within budget. This counter-cyclical investment is supported by anticipated government funding expected in the coming months. The new production line is projected to enhance productivity and reduce unit costs, delivering significant EBITDA benefits starting in 2026 and beyond.\n \n\n\n\n On August 8, 2025, the US DOC’s Fina...