GreenFirst Forest Products Inc. (GFP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Green First's first quarter of 2025 results conference call. Please note that all lines are muted to prevent any background noise. During this conference call, Green First representatives will be making certain statements about future financial and operational performance, business outlook, and capital plans. These statements may contain forward-looking information or forward-looking statements within the meaning of Canadian securities law. Such statements involve certain risks, uncertainties, and assumptions. which may cause Green First actual or future results and performance to be materially different from those expressed or implied in these statements. Additional information about these risks, factors, and assumptions is included in Green First MD&A and annual AIF, which can be accessed on the company's website or through CEDAR+. After the speaker's remarks, there will be a question and answer session. Please submit your questions through the online portal. I will now pass it over to Joel Fournier to begin the management presentation. Thank you very much, Joanna, and good morning, everyone, and welcome to our Q1 2025 earning call. I'm Joel Fournier, the Chief Executive Officer of Green Forest Forest Products. Today, I'm joined by Peter Ferrante, our CFO, and Michel Lessard, our President. We are pleased to report a positive EBITDA of $5.1 million and a net income of $920,000 for Q1 2025. These results represent an improvement compared to last quarter, Q4 2024, when we recorded a negative EBITDA of $913,000 and a net loss from continuing operation of $26.6 million. The stronger performance this quarter was primarily driven by higher lumber prices. However, Both shipment and production were lower than expected due ...