Conifex Timber Inc. reports negative EBITDA and net loss, lower lumber production and shipments.

From GlobeNewswire: 2025-03-12 22:04:42

Conifex Timber Inc. reported negative EBITDA of $2.1 million for Q4 2024 and negative $13.6 million for the year, compared to negative $3.5 million in Q4 2023 and negative $25.8 million for 2023. Net loss for 2024 was $29.8 million or negative $0.73 per share, lower than the previous year’s $0.77 per share. Lumber production was 134.8 million board feet in 2024, down from 155.8 million in 2023. Shipments of Conifex produced lumber totaled 137.2 million board feet in 2024, down 10% from 2023. The Company has experienced challenges due to market conditions and shifting political climates.



Read more at GlobeNewswire: Conifex Announces 2024 Year-End and Fourth Quarter 2024