GreenFirst Forest Products Inc (TSX:GFP)

Q4 2025 Greenfirst Forest Products Inc Earnings Call Transcript

Mar 26, 2026 / 01:00 PM GMT

Release Date Price: C$2.15 (+0.47%)

Transcript

Key Points

Positve

GreenFirst Forest Products Inc (ICLTF) achieved its lowest severity and incident frequency rate in its history, demonstrating a strong commitment to safety.
The company secured a $30 million loan under the Softwood Lumber program to help mitigate the impact of tariffs.
Significant improvements in grading and quality were made, with upper grade output increasing by approximately 15% by year-end.
Continuous improvement initiatives generated approximately $7 million in EBITDA gain during 2025.
The new saw line at Shaplow was completed below budget, supported by $6 million in funding from the provincial government.

Negative

GreenFirst Forest Products Inc (ICLTF) reported a negative EBITDA of $21.7 million for the quarter, primarily due to weaker market conditions and increased tariffs.
The company faced a higher combined anti-dumping and countervailing duty rate of 35.16%, impacting financial performance.
A 10% tariff was imposed on lumber under Section 232 by the U.S. Administration, further affecting profitability.
Production was lower due to the installation and ramp-up of the new saw line at Shaplow and market-driven curtailment at other mills.
The company recorded an impairment charge of $9 million related to lumber operations due to continuous weakness in market prices and elevated duties and tariffs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFP.TO - Greenfirst Forest Products Inc
Q4 2025 Greenfirst Forest Products Inc Earnings Call
Mar 26, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to GreenFirst's fourth quarter of 2025 results conference call. Please note that all lines are muted to prevent any background noise. During this conference call, GreenFirst's 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 GreenFirst's actual or future results and performance to be materially different from those expressed or implied in these statements

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