Conifex Timber (TSE:CFF) Posts Quarterly Earnings Results

Conifex Timber (TSE:CFF) issued its quarterly earnings data on Friday. The company reported C($0.23) earnings per share for the quarter, FiscalAI reports. Conifex Timber had a negative net margin of 38.18% and a negative return on equity of 79.83%. The company had revenue of C$23.00 million during the quarter.

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

• Liquidity remains the key risk: Conifex reported a Q2 net loss of CAD 9.5 million and an EBITDA loss of CAD 6.3 million after curtailing lumber and power operations. A restart in the second half of 2026 depends on securing additional financing, which is not guaranteed.
• Management is pursuing government-backed funding and additional lender flexibility, citing CAD 49.4 million in cumulative U.S. softwood lumber duties and tariffs—approximately equal to the company’s CAD 68 million in lumber-business borrowings and working-capital deficits.
• If financing closes in time, Conifex aims to begin winter logging, rebuild inventories, restart its power plant on a 24/7 basis, and return the Mackenzie sawmill to two-shift operations before year-end 2026.
• Management plans approximately CAD 15.3 million in capital projects targeting planer capacity, kiln performance, grade optimization, and lower conversion costs, with forecast individual payback periods of two to three years.
• Based on analyst consensus SPF lumber prices, lower unit costs at two-shift production, and expected declines in duty deposits, management expects the integrated Mackenzie lumber and power operation to generate positive EBITDA in 2027, while citing favorable longer-term SPF supply-demand fundamentals.

Conifex Timber Price Performance

CFF stock remained flat at C$0.13 during midday trading on Friday. The company’s stock had a trading volume of 558,693 shares, compared to its average volume of 71,168. Conifex Timber has a one year low of C$0.06 and a one year high of C$0.34. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 254.12. The firm’s fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.13. The company has a market cap of C$5.30 million, a PE ratio of -0.12, a price-to-earnings-growth ratio of 0.06 and a beta of 0.55.

About Conifex Timber

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.