Vancouver, BC - Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its first quarter of 2025 results:
Overview.
- Q1 2025 operating income of $11 million; net income of $6 million, or $0.09 per share.
- Market fundamentals saw modest improvement early in the quarter; however, this momentum weakened later in the period with rising global economic and trade uncertainty.
- 6% increase in pulp production during Q1 2025 (versus Q4 2024) primarily due to improved operating reliability
The Company reported an operating income of $10.8 million for the first quarter of 2025, compared to $4.1 million for the fourth quarter of 2024. These results were largely driven by a modest uplift in the Company's average Northern Bleached Softwood Kraft ("NBSK") pulp unit sales realizations in the current quarter combined with a 6% increase in pulp production compared to the fourth quarter of 2024.
Commenting on the Company's first quarter results, CPPI's President and Chief Executive Officer, Stephen Mackie, said, "With improved operational performance and some positive momentum in market conditions early in 2025, we are pleased to see another quarter of positive results for our pulp business. Despite the increase in results, however, global economic uncertainty influenced pulp market conditions in the latter part of the first quarter and continues to do so early in the second quarter. Going forward, we will work to navigate these external challenges facing our business while focusing on improving safety, reliability and overall operating performance."
