Conifex Timber (TSE:CFF) Announces Quarterly Earnings Results

Conifex Timber (TSE:CFF) issued its quarterly earnings results on Monday. The company reported C($0.33) earnings per share for the quarter, FiscalAI reports. Conifex Timber had a negative return on equity of 46.10% and a negative net margin of 24.49%.The firm had revenue of C$26.10 million during the quarter.

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

• Conifex secured creditor support — including a CAD 19 million secured term loan from the BDC (matures 2033, floating base rate -60bps, principal repayments start Aug 2028) and additional advances from PenderFund — which management says materially improved liquidity and reduced near-term covenant risk.
• Accounting timing caused a temporary IFRS reclassification of long-term debt to current as of Dec 31, 2025 (would not have occurred under U.S. GAAP), and management expects this reclassification to be reversed with the Q1 2026 results.
• 2025 results were weak — a net loss of CAD 35.7 million after expensing CAD 26.1 million in duty/tariff charges and including a one-time non-cash CAD 15.3 million duty underpayment charge, with Q4 curtailments driven by rising duties and softer lumber prices.
• Operational plan for 2026 targets a transition from curtailed/single-shift in H1 to steady two-shift operations in H2, where management expects per-unit conversion cost improvements of roughly CAD 50–70 per Mfbm and forecasts two-shift operations could be EBITDA positive late in 2026 (assuming duty reductions and inventory rebuild).
• Management says additional capital is needed — quick-payback projects total ~CAD 11 million (estimated >CAD 4 million EBITDA uplift) and they are targeting external funding packages in the ~CAD 30 million+ range, while noting there is no guarantee of government program support and they may need further lender flexibility.

Conifex Timber Price Performance

Shares of Conifex Timber stock opened at C$0.15 on Tuesday. The stock has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.17. Conifex Timber has a 12 month low of C$0.06 and a 12 month high of C$0.45. The firm has a market cap of C$6.12 million, a PE ratio of -0.17, a PEG ratio of 0.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 134.53.

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.