Conifex Timber Inc. (CFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to turn the conference over to Ken Shields, CEO. Please go ahead. Well, thank you very much, and good morning, everyone, and welcome to our call covering our second quarter and six-month results. I'm Ken Shields, the chair and CEO of ConEffects, and I'm joined today by our CFO, Trevor Pruden, and our president and chief operating officer, Andrew McLellan. Let's quickly... set aside a housekeeping item. We will be making forward-looking statements and references to non-IFRS measures and therefore call your attention to the warning statements set out on pages one and two of our management discussion and analysis document dated August 14th, 2026 that we released this morning. On our previous calls with you in March and May of this year, We expressed our belief that 2026 would be a transition year for Conifex. Curtailments and single shift operations in the first half of 2026 would help preserve cash and would limit EBITDA losses during a period of high duties and low lumber prices. We also disclosed that management was advancing initiatives with the aim of securing additional funding recognizing that the resumption of operations in the back half of 2026 is contingent on securing additional funds. The McKenzie timber supply area supports two distinct harvesting seasons. The winter logging season is our next available operating window. We will assess the near-term timing of a restart based on lumber market conditions prevailing at the time our financing closes. We remain focused on returning our employees and contractors to work as operations resume with the goal of posting two-shift steady-state operations before the end of 2026. We continue to believe this year-end objective is achievable and it would support positive EBITDA generation. As a result of c...