Conifex Timber (TSE:CFF) Releases Earnings Results

Conifex Timber (TSE:CFF) posted its earnings results on Friday. The company reported C($0.23) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$21.77 million for the quarter. Conifex Timber had a negative return on equity of 51.87% and a negative net margin of 25.04%.

Here are the key takeaways from Conifex Timber’s conference call:

• Conifex posted a Q1 2026 net loss of CAD 9.4 million and an EBITDA loss of CAD 7.7 million, though both were better than the prior quarter. Management said the first half of 2026 is expected to remain pressured by curtailments and single-shift operations.
• Lumber production was only 21.7 million board feet, or about 36% of capacity. The company expects to rebuild log inventories when summer logging resumes and move toward consistent two-shift operations in the closing months of 2026.
• Management said a return to two shifts, combined with lower unit costs and potentially more modest duty deposit rates later in the year, should allow the business to become EBITDA positive in late 2026. They also highlighted strong long-term SPF demand fundamentals and reduced Canadian supply.
• Conifex warned of a likely non-cash export duty expense of about CAD 7.8 million plus interest of roughly CAD 1.0 million later this year, tied to the U.S. Commerce Department’s preliminary 2024 softwood lumber duty review. The preliminary rates were set at 10.66% anti-dumping and 14.17% countervailing duty.
• The company said it is pursuing government funding and working with existing lenders to secure additional liquidity, fund higher log inventories, and finance quick-payback capital projects. Management believes its Mackenzie mill could move toward the bottom half of the SPF cost curve over time due to low stumpage and favorable log supply.

Conifex Timber Stock Performance

Shares of TSE CFF traded down C$0.01 during mid-day trading on Friday, reaching C$0.11. 43,189 shares of the company were exchanged, compared to its average volume of 81,968. The company’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.13. The company has a quick ratio of 0.91, a current ratio of 0.33 and a debt-to-equity ratio of 176.22. The stock has a market capitalization of C$4.48 million, a P/E ratio of -0.13, a P/E/G ratio of 0.06 and a beta of 0.92. Conifex Timber has a twelve month low of C$0.06 and a twelve month high of C$0.45.

Conifex Timber Company Profile

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.