VANCOUVER, BC, July 31, 2025 /CNW/ – Canfor Pulp Products Inc. (“the Company” or “CPPI”) (TSX:CFX) today reported its second quarter of 2025 results:
Overview.
- For the second quarter of 2025, the Company reported an operating loss of $5 million and a net loss of $7 million, equivalent to $0.10 per share.
- Global pulp market fundamentals weakened throughout the second quarter amid trade uncertainties, particularly in China; global pulp producer inventories climbed to well above the balanced range.
- Rising global economic uncertainty put downward pressure on North American kraft paper markets.
- The Canadian dollar strengthened by 3 cents, or 4%, versus the US-dollar quarter-over-quarter, negatively impacting pulp and paper sales unit realizations.
- Pulp and paper production was relatively comparable quarter-over-quarter.
Financial results.
The following table summarizes selected financial information for CPPI for the comparative periods:
|
(millions of Canadian dollars, except per share amounts) |
Q2 2025 |
Q1 2025 |
YTD 2025 |
Q2 2024 |
YTD 2024 |
||||||||||||
|
Sales |
$ |
177.9 |
$ |
196.2 |
$ |
374.1 |
$ |
220.0 |
$ |
442.3 |
|||||||
|
Reported operating income before amortization |
$ |
3.5 |
$ |
21.3 |
$ |
24.8 |
$ |
11.0 |
$ |
12.2 |
|||||||
|
Reported operating income (loss) |
$ |
(5.3) |
$ |
10.8 |
$ |
5.5 |
$ |
(5.6) |
$ |
(21.3) |
|||||||
|
Adjusted operating income before amortization1 |
$ |
6.4 |
$ |
21.3 |
$ |
27.7 |
$ |
11.0 |
$ |
12.2 |
|||||||
|
Adjusted operating income (loss)1 |
$ |
(2.4) |
$ |
10.8 |
$ |
8.4 |
$ |
(5.6) |
$ |
|
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